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

[Alogakho Esson]

To me digital currencies reduce little crime and it help in securing many business owners that would move about with large sum and government that get there tax with no stress via deduction

 

[Chibson]

Digital currencies has actually improved how we make payments and receive payments in the online world and it was also given the opportunity for so many people to make money for themselves.

The binance pay feature has really helped so many people to be able to receive money very easily anywhere in the world and convert to their local currencies. This is an innovation of digital currency.

 

[Setho]

There are some evidence that people are beginning to emulate digital currencies like Bitcoin this few days. This is going to be even more rampant in the next couple of years.

 

[Lens]

The digital money will save the economy lot of expenses in terms of printing the paper currency. Because with digital money, you don't need to involve yourself in any printing.

 

[Shigobad20201]

The digital money will save the economy lot of expenses in terms of printing the paper currency. Because with digital money, you don't need to involve yourself in any printing.

Digital money also helps the government in saving money because they spent a lot of money in printing our currencies, And you can also make payments online using digital currency.

 

[Godspower]

Digital money is the future and it's very obvious to see. However, most governments have enacted regulations to restrict it's usage by citizens.

 

[Shigobad20201]

In as much as we know that digital money is the future because it has been a way of sending and receiving money from different part of the world , it has not been accepted generally yet.

 

[tyrim88]

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.

One of the things that makes lot of persons to start investing in cryptocurency though lots of risk is invived in it,is because of the the inflation rate in their country and the devalustion of their parent curency.

 

[Shigobad20201]

The inflation rate in my country presently is paying off for the people that have crypto currency , a friend of mine bought usdt when it was #350 Nigerian money and now , the price is around #700 per usdt

One of the things that makes lot of persons to start investing in cryptocurency though lots of risk is invived in it,is because of the the inflation rate in their country and the devalustion of their parent curency.

 

[Godspower]

The inflation rate in my country presently is paying off for the people that have crypto currency , a friend of mine bought usdt when it was #350 Nigerian money and now , the price is around #700 per usdt

Digital currencies have no doubt revolutionized the economy business transactions and the economy as a whole. Most people have used it to save their money due to the rate of inflation in their country.

 

[Kane]

Central Bank Digital Currency is under testing in some countries and we do not know yet how these currencies are doing. However, cryptos have been around for some time and the existence of crypto has given businesses leverage when it comes to do cross boarder transfer or transfer huge money.

 

[Good-Person]

Central Bank Digital Currency is under testing in some countries and we do not know yet how these currencies are doing. However, cryptos have been around for some time and the existence of crypto has given businesses leverage when it comes to do cross boarder transfer or transfer huge money.

The government of our country has also announced that they may also create their own currency. What surprises me is the fact that they are not at all working in order to eliminate poverty, illiteracy, unemployment, etc and they are focusing so much on creating digital currencies.