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Digital Money

  • Thread starter Thread starter Praneeth
  • Start date Start date
Digital currencies as usually tied to a physical fiat currency as this is where it gets its value from. You can easily make numerous online transaction using your digital Currency as a mode of payment as opposed to a physical cash.
 
That is one of the most exciting facts about digital money. It Can easily be used to carry out transaction electronically and such transaction is always completed within a short period of time. That is why so many people loved it including me.
 
I think by digital money you are referring to crypto currencies and other online tokens. They are very efficient during transfers and you can use it to send money to any part of the world.
 
Digital currency is the best when transacting between customers most especially when you are transacting your business online , but cannot do without normal currency.
Sotherefore said:
That is one of the most exciting facts about digital money. It Can easily be used to carry out transaction electronically and such transaction is always completed within a short period of time. That is why so many people loved it including me.
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Digital currency is the best when transacting between customers most especially when you are transacting your business online , but cannot do without normal currency.
Sotherefore said:
That is one of the most exciting facts about digital money. It Can easily be used to carry out transaction electronically and such transaction is always completed within a short period of time. That is why so many people loved it including me.
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Transacting with digital currencies is very fast and that is why so many countries are trying to create a digital version of their own currencies. China had to ban cryptocurrency so that their own digital currency will gain popularity.
 
Shigobad2020 said:
Digital currency is the best when transacting between customers most especially when you are transacting your business online , but cannot do without normal currency.

Digital currency is the best when transacting between customers most especially when you are transacting your business online , but cannot do without normal currency.
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It is the best , but sometimes I have a lot of challenge when using it for transaction in the sense that if I have to send 8300 naira to someone for example , it will be very difficult to calculate to know the exact amount you would have to send if you are using usdt . . . I don't know if you understand what I mean.
 
Praneeth said:
Is Digital Money Easy for Money Transfers?
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I think that we are living in a digital age and now sending and receiving money is no longer a hard thing to do. You can send payments to anyone at anytime.
 
Of course it is depending on the framework that governs transfer built or being used by the creators of the currency you wish to transfer. A lot of world's activities are going digital and Money transfer isn't left out.
 
Good-Person said:
Many people think that Digital money is a new kind of invention but this is not true because people have been using digital money for a long time. Creation of online payment system like Liberty Reserve and E-Gold allowed people to pay through Digital money. Unfortunately, those companies got closed.
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I think there is a different between digital fiat curency and crypto,because digital curency is the version of fiat curency in a digital format that can be used to carry out e-commerce transaction through computer.
 
Most of the time, the transaction is always fast and effective but the issue is trying to sort and exchange the amount of money you want to send without making any mistakes .
Sotherefore said:
It is the best , but sometimes I have a lot of challenge when using it for transaction in the sense that if I have to send 8300 naira to someone for example , it will be very difficult to calculate to know the exact amount you would have to send if you are using usdt . . . I don't know if you understand what I mean.
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The good thing about using digital payment solutions is that it can be able to reach somebody across the other side of the world within just a few minutes and it is also safe.
 
Shigobad2020 said:
Most of the time, the transaction is always fast and effective but the issue is trying to sort and exchange the amount of money you want to send without making any mistakes .
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In all the same , I like digital transaction because it is fast and reliable , everything is clear. It does does not carry much stress like you having to pass through a third-party organisation like the banks.
 
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