Sheila Warren: eme Some countries like the US are lagging behind in the race to adopt digital money. She

Sheila Warren, head of the project for the Blockchain policy at the World Economic Forum, says world crypto coins are spreading, but some developed states can’t keep up with it.

Sheila Warren: eme Some countries like the US are lagging behind in the race to adopt digital money. She

For many people from all over the world, paper money and coins are already being used continuously. Mobile payment providers such as Apply Pay and Samsung Pay are used in cash registers in countries such as the UK and Japan, and people benefit from the ease and convenience of this system. According to Sheila Warren, some countries like the US are lagging behind in this race to adopt digital money.

Mobile payments in the US were $ 5.5 billion in China, compared to $ 112 billion in 2016, according to iResearch. One of the main reasons for this is that China is a global leader in e-commerce. According to Forrester, it is expected to reach almost 2 trillion dollars by 2022, and the giants of the industry, Alibaba, Tencent and JD.com, have developed rapidly with the support of the rising business world and governments.

Esi In environments where mobile payment is appropriate, there is a small psychological barrier for widespread adoption of digital money. “

According to Sheila Warren, as technology evolves and e-commerce support increases, many Chinese cities have passed credit card machines in favor of digital payment through WeChat and similar providers. In addition, infrastructure, systems and processes have been relatively easy to overcome digital payments, and both industry and government have easily adopted new digital reality. According to Sheila Warren, because of this kind of support, the ecosystem was able to leap over less advanced technologies and move directly to more advanced ones.

According to the president, there is a small psychological barrier for widespread adoption of digital money in environments where mobile payment is already available. If people don’t think about paper money or control them as meaningful alternatives, leave a hypothesis, they’ll probably be more open to a digital currency and possibly even to the crypto currency. According to Sheila Warren, they are already accustomed to the speed and ease of digital payments, and the payments made via WeChat, for example, to Bitcoin, will be smaller than the jump in cash, since they have somehow used e-money for years.

According to the president, the currency of the paper can be replaced by the crypto currency

According to Warren, reducing barriers to adoption means they are ready to achieve broader benefits, including potential benefits, such as adapting to crypto currency. In addition, some countries, such as Zimbabwe and Venezuela, are beginning to see the benefits of digital money, and systems that are still in existence will prevail over those who do not. Because e-payments can reduce the cost of doing business; By making transactions more transparent, electronic records can lead to less black market activity and more tax fraud. As a result, Bockchain and distributed notebook technology can help to ensure that information is not altered and verified by malicious parties.

According to the president, the paper currency may move towards the future in a growing number of economies (albeit slowly), while new models such as token and crypto currency may begin to rise in use. We can also look at some familiar names to see how they begin to adapt, if we want to continue to see the next step for businesses and companies that adopt new forms of payment / value change. Companies such as Overstock, Expedia, and Virgin Galactic are already accepting Bitcoin as a form of payment, and large charities often donate money – often for crypto money.

Sheila Warren: sınır Technology does not understand the boundaries. She

According to Warren, technology does not understand the limits, regardless of how a country reacts. In addition, technology will continue to advance in countries and economies that want to benefit from the speed or agility that digital media has to offer. According to Warren, it is likely that the rate of adoption will continue to increase, with economies that are not encouraging the establishment of a robust digital payment infrastructure and infrastructure and related regulations.

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