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

[Sotherefore]

The main purpose for which digital currency was invented was to facilitate easier transaction between members and across different borders, but I believe the world has not yet developed to a stage in which it can be fully adopt for transaction and payment of goods and services.

 

[Bousine123]

The impact of digital currency on the business world is that it will enhance financial services for online business for example, perfect money allows one to receive payment in various businesses on the internet safety.

 

[Kane]

Digital money has made businesses and companies easy to transfer funds, quickly and cheaply. For instance, you can send $100K in litecoins for just few bucks. In a normal banks, you might have to spend hundreds of dollars.

 

[Heatman]

As long as the governmental body is now in support of digitalization of the system, i see a change of currency and transaction in the latter future, and adoption of digital currency worldwide.

The truth of the matter is that cryptocurrency is actually the future of currencies and it is already holding a very strong roots in the world's financial balance of course every country is now is trying to have their own cryptocurrency.

 

[jay]

The Digital impact in making money in business will really help one to transfer money and also to make exchange money by using digital money because it help.

When it comes to making business transaction very easy and fast it is one of the benefits of digital currency transaction in businesses today because it helps most businesses to run very well without needing to contact their various Banks.

 

[Sotherefore]

A lot of financial institution of different countries believes that digital money can improve the economy of their countries because it is a country's stable currency in a digital form, Everyone should understand that a digital money or currency is quite different from the cryptocurrency

 

[Kennysplash]

Competition can have a positive impact on a business. If every business man knows that there are others that are striving to beat him in the game, he will put in more effort to be better. But if there is no challenge, he might slack off.

 

[Heatman]

Yeah you very correct bro those that suffered always from inflation are African countries but with the emergence of digital money it can be reduced.

The truth of the matter is that most government of African countries are very satisfied with having their currency being evaluated and is the reason why they are fighting digital currency.

 

[jay]

The Digital impact in making money in business will really help one to transfer money and also to make exchange money by using digital money because it help.

When it comes come helping in business transaction I believe that digital money have made things easier on like when you need to go to the bank to conclude any transaction you do, digital currency makes it very easy.

 

[Shigobad20201]

Most of the time , competition in business most of the time might have a positive impact and sometimes negative impact on the business , and when there's no competition, the business will be relaxed.

Competition can have a positive impact on a business. If every business man knows that there are others that are striving to beat him in the game, he will put in more effort to be better. But if there is no challenge, he might slack off.

 

[Sincerem]

Well, I believe the only real impact that the digital money has on business is the ability for transaction to be carried out over large distance with ease and efficiently.

 

[tyrim88]

the digital currency seems to be a threat to the fiat currency and so most central banks have developed their digital currency so it currency doesn't lose total value against the digital currency

Whether the trend or wide acceptability of the cryptocurency keep rising,the fiat curency will still be very much relevant in the exchance for service and confirmation of payment,the crypto cannot overide fiat.

 

[Busybee]

People are losing faith on governments. Many wrong decisions and mismangement has caused my economies to fall such as in venezula and presently in srilanka. To avoid all these turmoils, it's better to be invested in decentralized finances. We can easily access our assets all over the world and can transfer instantaenously without any restrictions.

 

[Setho]

Digital money is definitely going to be a good thing because you cannot just be able to print it anyhow and as such it is going to check corrupt practices by the government and help a lot in a reducing inflation.

 

[Smiles20]

completely digital forms of money I've become a big headache to the government because they can no longer become corrupt and then print money at any slight provocation.

 

[Sincerem]

PayPal is one of the most used payment processors, yet a lot of people do not use or cannot use PayPal. Banks and cards are another option for sending and receiving payment, however a lot of people are not yet into the banking system. Here lies the importance of using digital currency

PayPal is a good digital wallet but it has so many restrictions especially for people not residing in the US, that is why some are currently not using it as their means not performing several online transaction.

 

[Setho]

The impact of digital money on the economy is that it is not going to be controlled by anybody and as such all the transactions are visible. This is a big disadvantage to corrupt officers because they cannot just be able to print money at any time.

 

[zelalem]

If that is true, it will be great. It will reduce unnecessary inflation and bring the value of money to a good level. Foreign currency exchange will also be faster and companies will benefit a lot.

 

[Smiles20]

Digital money or crypto currency exchange Business will definitely help people to keep their money and edge it over inflation most Especially for those who comes from African countries.

I also agree that digital money is going to help countries to fight inflation to the barest minimum because there is not going to be things that are called him that are aimed at devaluing the currency.

 

[Sotherefore]

Digital currency will always help businesses grow together in the sense that it promotes faster and easier transaction. The only disadvantage is that so many people have not yet adopt the digital currency , making it limited to certain people alone.