A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we convince the peoples to adopt digital currency?
We can't deny that majority still not know about Bitcoin, cryptocurrency, and the said purpose. And majority still using fiat money. However, as we are evolving into new opportunities where we can simplify our works and can do it easily, we have this great innovation. Fiat money to Digital currency is what we have now. But the upcoming world is the world of digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we convince the peoples to adopt digital currency?
Adoption will never be that easy, it takes many years before it fully understands and fully supported. We don't need to convince people to use this as it was just another option but we just let them discover and appreciate crypto.
Crypto currencies adoption is rapidly growing worldwide, particularly in western world but it will take time before they replace Fiat currencies. This is ground breaking and disruptive Technology for the payment system so it won't be accepted so easily.. The security risk associated with this industry is a real challenge and How they meet this challenge, that remains to be seen.