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Cryptocurrency discussions / Re: Paper Money vs. Digital Currency
« on: May 06, 2021, 11:44:11 AM »The majority of people in the world believe in paper money. They believe it is used to buy and sell goods and services. A currency that is physically visible to the world.Paper money is more accessible than digital money now a days and its the main reason people are still with paper money. Also there need more awareness and education about digital money, so that people can understand about it. Also there have matter of transaction fees, because of that people are holding their money in cash more than digital money. Otherwise they will have to pay an amount of fee everytime they do a transection.
But the world to come is the world of digital currency. Because it's an easy and reliable way to send and receive money anywhere in the world. We can send or receive money in minutes.
But there is a big difference between the two currencies.
Therefore, it is very difficult to adopt digital currency worldwide. Because consumers are not familiar with this new technology and they are not willing to use this payment method. Because they still don't believe in this technology.
So, how do we persuade people to adopt digital currency?
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