What is digital money?
Digital money refers to any form of currency that is completely electronic and can be used to make transactions over the internet or other digital platforms. Unlike physical money, digital money does not have a physical form, but it can be exchanged electronically through various payment methods such as bank transfers, credit or debit card payments, and mobile payment apps.
Why will digital money be important in the future?
Digital money is becoming increasingly important in the modern world due to the rapid growth of e-commerce and digital transactions. It offers a range of benefits over physical money, including increased security, faster transaction times, and greater convenience. Digital money is also more accessible to people who may not have access to traditional banking services, and it can be used for a variety of transactions, from purchasing goods and services online to paying bills and transferring money internationally.