Phi Trends: Are digital currencies the next big thing?

Phi Trends: Are digital currencies the next big thing?

Digital payments have created a lot of buzz lately, and more so in the middle of the pandemic. Current trends also clearly point towards the adoption of digital currencies as a dominant avenue, which is likely to have a profound impact on the functioning of financial markets across the world. Although paper money remains the primary source of transactions, the current trend clearly shows a major shift in the daily payment and transaction needs of customers. The acceptance of digital currencies has therefore enabled them to transform into the next trillion dollar asset class on Wall Street, and as the cumulative value of all cryptocurrencies exceeds the $ 1 trillion mark. , the buzz that surrounds him gradually changes from his chances of survival to how …

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