Question

 

 Do emerging economies benefit more from digital currencies and payment systems than the advanced economies? Discuss and give examples to support your arguments. Please express in details.

Answer 1

Emerging market economies are highly underpenetrated and there is a scope for higher degree of benefiting of a large number of people due to switch into digital currency is because it will be impacting the entire system because the lower cost associated with the the digital currency will have a refill effect on the positive side in the emerging Markets and it will be getting into a better degree of market efficiency and higher degree of benefits getting transferred to a large section of society than that of advanced economies because advanced economies are already having a higher degree of sustainability and higher market efficiency so that digital currencies are not going to impact the overall structure of the market to a large extent because of the nature of the market which is already highly efficient.

Emerging economies will be impacted through the digital currencies as digital currencies are highly cost cutting technology and they are also impacting the overall structure of these economies as they can be provided with a higher degree of market efficiency and it will also lead to to benefits getting transferred to a large section of society.

 Digital currencies will be leading to cost cutting in different sectors and it will have a high degree of benefits and it will cut the cost to a large extent in the financial sector in the emerging economies and benefits will be transferred to normal people as well.