IMF predicts Network effect Boost Digital Money Adoption

The IMF identifies six factors that could drive their rapid growth for digital payments and money are convenience, ubiquity, complementarity, low transaction costs, trust, and network effects. In its statement: “The first five reasons may be the spark that lights the fire of e-money; the sixth is the wind that could spread the blaze. The power of network effects to spread the adoption of new services should not be underestimated.”

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