The world is going digital and the future looks to incorporate more digital technology into our lives than we could have ever imagined. Organisations are being propelled into a digitally focused world, and will be forced to decide in the coming years – do they continue to push back against this new way of life or do they embrace technological change to avoid falling behind?
COVID-19 fast-tracked digital transformation
The COVID-19 pandemic has seen many aspects of daily life transition to digital mediums at extremely short notice. While a digital future may have looked distant prior to 2020, the pandemic has rapidly brought these developments forward. From school to work to retail, people and businesses throughout Australia are adapting to the new normal – and this new normal incorporates more digital technology than ever before. Aspects of life that would typically be physical tasks have transitioned online, such as certain aspects of healthcare and large social events. Big digital platforms have quickly worked to expand their technologies and offer more potential for digital life, and it is looking like the new normal is here to stay.
A cash free future
One of the aspects of life that is quickly becoming 100% digital is the way we make payments. With more and more people adopting and embracing digital habits everyday, carrying cash is no longer considered essential. The current environment has highlighted the hygiene issues associated with banknotes and coins and digital transactions are considered the safe option of choice for many people. It is looking unlikely that the world will go back to a predominantly cash-oriented society and digital currency is becoming a much more popular alternative.
Want to learn more about the future of digital currency? Qoin can help.