Money and Banking Business & Marketing Essay Paper (Essay Sample)

Money and Banking
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Can private currency - digital or otherwise - do a job better as money than what we currently have?
Yes; the digital currency can do better work as opposed to the current traditional money that we have. This is because the digital currency permits the transfer of money easily from one place to another and from one person to another without restrictions. Another key reasons as to why digital money can do better than what we have currently is the fact what we have currently is not usable in the international markets hence making use of digital currency advantageous. Additionally, we are living in a digital era where people want to reduce paperwork and make transactions quicker than before.
Why might one doubt that current new forms of digital money, such as Bitcoin, Ethereum, and Ripple will replace more traditional fiat currencies?
in this 21century, we have witnessed rapid globalization and expansion