What is the impact of digital money on the business world?

[Ralphjoe]

Yes, it should be used by companies and businesses accepting payments online even offline. Cryptocurrency is transparent no one have complained about faults around cryptocurrency.

Well the popularity of cryptocurrency is going so high and it will be a big loss to most companies that are not currently using it for their payment system right now because they are missing a lot in the benefits that cryptocurrency can bring to their businesses.

 

[Timothy2004]

Some type of currency are just there for future purpose and digital money is easier to transfer money online a lot of people see no stress in digital. Cause in your apartment you can make any transaction at the comfort of your home.

 

[GIFTMICHAEL]

Well the popularity of cryptocurrency is going so high and it will be a big loss to most companies that are not currently using it for their payment system right now because they are missing a lot in the benefits that cryptocurrency can bring to their businesses.

Those who aren't using cryptocurrency as mode of payment are truly missing, cos it's at the peak of it's potential. It's transactions are superb, very fast and secure.

 

[Ralphjoe]

Those who aren't using cryptocurrency as mode of payment are truly missing, cos it's at the peak of it's potential. It's transactions are superb, very fast and secure.

I think the only reasons that most people are shying away from using cryptocurrency as a payment platform is because of the fact that the cryptocurrency reduces in value cryptocurrency as fix that problem by bringing up stablecoins that do not reduce in value so I don't see any reason for them not to adopt cryptocurrency for payment anymore.

 

[GIFTMICHAEL]

I think the only reasons that most people are shying away from using cryptocurrency as a payment platform is because of the fact that the cryptocurrency reduces in value cryptocurrency as fix that problem by bringing up stablecoins that do not reduce in value so I don't see any reason for them not to adopt cryptocurrency for payment anymore.

Do you know if they use stable coin their funds value won't drift down. That's the essence of the stable coin, use stable coins and protect your digital coin asset from falling.

 

[Setho]

The coming of digital money is going to give business owners a lot more flexibility when it comes to taking payments from their customers. It will also make them to be in control of their own finance.

 

[Richard92]

The coming of digital money is going to give business owners a lot more flexibility when it comes to taking payments from their customers. It will also make them to be in control of their own finance.

The impact of digital money on the world today is very high virtually all countries now embrace the use of digital money even some countries now have their own cryptocurrencies.

 

[Ralphjoe]

Do you know if they use stable coin their funds value won't drift down. That's the essence of the stable coin, use stable coins and protect your digital coin asset from falling.

I actually know all this and this is why I always advocate for stablecoins for people that do not want to use cryptocurrency as a trading platform rather as a means of exchange to always use stablecoins like usdt and usdc.

 

[GIFTMICHAEL]

I actually know all this and this is why I always advocate for stablecoins for people that do not want to use cryptocurrency as a trading platform rather as a means of exchange to always use stablecoins like usdt and usdc.

Yes, those stable coins will always protect the user's funds from going down when bearish run occurs. Same too happens when bullish run occurs, it won't move up. It's simply there to keep the funds at a normal rate.

 

[Ralphjoe]

Yes, those stable coins will always protect the user's funds from going down when bearish run occurs. Same too happens when bullish run occurs, it won't move up. It's simply there to keep the funds at a normal rate.

The Nigerian government actually said that one of the main reasons that they banned the use of cryptocurrency in the banking sector is as a result of its high volatility and I am quite amused at that reasons simply for the fact that cryptocurrency does not only have volatile coin as there are also stablecoins why don't they allow stablecoins to operate in the country?

 

[Ceeny007]

Digital money has impacted the business world in a lot if positive ways because for ones goods can be paid for in split seconds.

 

[Senator]

I would have love to know how many countries in the world today have their Central banks issuing digital currencies? This will help me in determining if the digital currency is really having any such impact

 

[Kubiat-Abasi]

The impact of digital money to the business world is enormous. It will help to keep investors in most cases abreast of inflation. Digital money is also impacting because of the ease of transacting without having to do it manually.

 

[Chizfab]

It's helping the circulation of money in the economy without trying so hard. Also, it has increased the activities of enterpreneurs towards the development of the country economy, as people can easily earn from across the country.

 

[Seno inyang]

Introducing the digital money to the business world is the fastest and safest means of transaction in most cases. It goes a long way to retaining investors.

 

[Toyoabasi]

As you know, currently many central banks issue digital money or CBDC (Central Bank Digital Currency). The government's goal is mainly to support the digitalization of the economy and stem the popularity and circulation of cryptocurrencies in the country. One of the positive impacts is that the transaction process will be easier and faster, so what do you think the impact of digital money on the business world, whether negative or positive?

If our currency becomes digitized in the future, it will be of immense benefit to especially Africans. The problems we have with inflation and low currency value will be ruled out. Payments will be swift as well.

 

[kayode10]

Digital money has made transaction pretty much easier across the border. Digital money makes it pretty much easier to earn money faster and get it received in your local bank account.

 

[Kaffyfolla]

The digital money help increase in efficiency, and also the use of digital currency will upsurge the effectiveness of the financial industry by making payments faster, easier.

 

[tyrim88]

Digitalization of of currencies will definitely help a great deal when it comes to helping of Businesses. It will facilitate how transactions are carried out.

The introduction of digitalise form of doing and confirmation of business transaction has really make e-commerce to be very easy and faster and it has also make the world to become a global village.

 

[Godspower]

It will help make transactions easier and way more faster. However, it will be interesting to see the way a balance is struck between the value of the paper currency and that of the digital currency.