We live in a technologically-advanced world but have you ever wondered how fast our world is actually going digital? Here are 5 signs that our world is going digital faster than you know it.
Popularity in Online Payments
2020 and the pandemic encouraged people to do as many things online as possible; a huge part of people’s lives became using payment methods digitally. A lot of people opted to use online banking methods and other payment services to send and receive money instead of personally going to a bank.
The pandemic encouraged everyone to do everything digitally. Following the popularity of online payments is the huge surge in online shopping. Most merchants are choosing to focus on expanding their business digitally rather than their physical stores. Statistics show that there will be about 230 million online shoppers in 2021.
2021 made it clear that electronic currencies are not going anywhere. With the surge of Bitcoin value, digital currencies are getting more popular. Many countries are getting into cryptocurrencies as they learn the value of it. The Libra project wants cryptocurrencies to get regulated by the government and believes that digital currencies will be the future.
The Rise of Digital Marketing
Gone are the days of billboards and newspaper advertisements. Everyone is opting to market their businesses online rather than paying for costly traditional advertisements. Most people are on their computers and mobile phones; it is rare for people to see commercials or pay much mind to billboard ads.
Online advertising is an easy way to hit your target market. Most social media platforms will show your business to people that will likely be interested in it, so hitting your target audience will not be difficult. You can also pay for ads on websites that your target audience may visit. For instance, you can display your gym equipment products on a fitness website to bring more traffic to your website.
Power in Decentralized Technology
During the earlier years of the internet, we usually swayed towards bigger tech corporations. We deemed them as more trustworthy and reliable. Some examples of big tech companies include Facebook, Amazing, Apple, Google, etc. While these huge technology companies are not going anywhere anytime soon, smaller tech companies and start-ups are gaining popularity.
However, the availability of technology and the digital growth that we are experiencing encourages the growth of decentralized technology. There are loads of decentralized tech initiatives that show off the work of talented developers, showing off the digital innovation that we can reach. For example, there are many blockchain start-ups now, and they can offer efficient and better solutions.
However, there is still some experimentation being done in this area. Luckily, people will invest in decentralized technology given that the idea and solution are great. Therefore, we may not have to rely on big tech companies forever.
Our world is quickly changing and adapting to the technology advancements. Most of our products and services are being offered digitally, and it can be beneficial for us to make our lives more convenient.