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E-commerce doesn't require digital currency. I live in a country without digital payments infrastructure, and there's lots of e-commerce (primarily via Facebook
by alexmingoia 6y ago
E-commerce doesn't require digital currency. I live in a country without digital payments infrastructure, and there's lots of e-commerce (primarily via Facebook). It's all cash-on-delivery. I've ordered food, furniture, baby supplies, medicine, etc. from businesses on Facebook and pay on delivery.
- globular-toast 6y agoVery interesting perspective. Most people who live with bank money can't even imagine a world without it. There is one thing a centralised digital currency makes far easier, though. It makes it easier to "print" new money and cream that off into bankers' pockets. Most of the richest people in the world are in finance.