How do digital payment systems facilitate global commerce? 🔊
Digital payment systems facilitate global commerce by enabling secure and seamless transactions across borders. Technologies such as mobile wallets, cryptocurrencies, and online payment gateways reduce transactional friction and allow consumers to purchase goods and services from international retailers with ease. These systems often support multiple currencies and provide robust security measures, fostering trust in digital transactions. Digital payments further enhance financial inclusivity, allowing individuals in remote regions access to e-commerce platforms and broadening market opportunities for businesses worldwide.
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