From what was originally an animal skin barter and ordinary trading market, to modern retail and digital stores, a clear pattern is seen: businesses tend to move in the right direction to make consumers' lives easier and more convenient.
Today, through continuous innovation and technological advancements, consumers can buy almost anything from anywhere in the world.
In the end, it's clear that digital money has the potential to revolutionize the movement of the business world. But this is not the first time this great potential has been wasted.
Although digital money offers many benefits that venture capital doesn't have (standard money in general), some business owners don't feel comfortable moving fully to digital money. In other words, the obstacle of digital currencies to have the same position as standard money is not only a matter of economics, but also a mindset.
For those who follow the cryptocurrency trend, digital money will look promising, given how prices seem to continue to rise. However, the lack of in-depth research can be fatal. For this reason, some people still support traditional payment methods, despite all their shortcomings.
There is concern that digital money is very risky because of very high volatility and the potential for a rather dangerous Ponzi scheme.
Regulations in various countries have warned users of digital money, and some of them have implemented concrete rules to prevent crime and fraud.
So what do we do? Are you interested in switching completely to using digital money? Or are you still comfortable using ordinary cash?
Share experiences when using your digital money in the comments' column below!
Thanks for highlighting the importance of digital money over traditional form of money. Digital money is really ruling the world.