World News: 12:32 GMT Friday 10th August 2018. [Infiniti Research via Businesswire via SPi World News]
Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest article on the different types of digital currency and their impact on the financial industry.
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Top 4 Types of Digital Currency and Their Impact on the Financial Industry. (Graphic: Business Wire)
At present, there is a very small number of users who prefer digital currency. The outline for its regulation and the tax structure to control digital currency is still developing. It has two types, namely virtual currency and cryptocurrencies. Digital currency enables direct payments between payees and payors and eliminates infrastructure costs, intermediaries, and processing costs. It also allows the easy and transparent flow of funds.
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Digital currency is a payment method which exists only in the electronic form. Digital money has many advantages linked with it like easy and timely payments and smaller transaction costs. The acceptance of digital currency by the financial industry is less due to risk factors such as identification of payment beneficiary, volatility of currency, regulatory compliance, and transaction risks.
“Digital currency helps companies in the financial industry to eliminate the risk of exposure since they are highly secure,” says an industry expert from Infiniti.
Digital Currency List:
Impact of digital currency on the financial industry:
Infiniti Research is a global market intelligence company offering strategic insights to help look beyond market disruptions, study competitive activity, and develop intelligent business strategies. Listed below are the different types of digital currency and their impact on the financial industry.
View the complete list of the different types of digital currency and their impact on the financial industry:
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 15+ years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.
Business Wire: 12:32 GMT Friday 10th August 2018
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