What are the advantages of electronic money?


Digital money is not all that new. It dates from the 90s (with the rise of the internet). But it is now that we truly see the potential it has. By 2021, the physical money, savings, and checking accounts are worth 40 trillion dollars. While the money invested: investments, derivatives, and cryptocurrencies; are worth 1.3 quadrillion dollars.


And yes, cryptocurrencies indeed represent only 2 trillion USD, but it is still an amount that grows a lot year after year. When you use electronic money you can access loans in record time, use large amounts of money without having to carry a bag full of bills, pay exact amounts without having to possess change, use the cell phone to make transactions, make payments abroad or to other distant places without having to go personally, among others.


ULand - the home of your electronic money transactions in cryptocurrencies!

Author 2021-07-03