Episode Six CEO on the future of cash in a digital economy

Governments, including the U.S., are spending money on a scale not seen since WWII, and most of that is being financed by their central banks printing massive amounts of money. Inflation is, undeniably, a looming threat, but what can we do? Steve Forbes takes a look at a possible solution emerging in Latin America that would be one of history’s biggest monetary revolutions and the new digital currency that could save the global economy.

What’s Ahead featuring Steve Forbes provides his insights and perspective, to stay on top of what’s happening in this ever-turbulent world with glimpses into the future. What’s Ahead airs Tuesdays, Thursdays and Fridays.
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�� To compete in the #global markets, SMEs must embark on a digital transformation journey to enhance their operational efficiency, lower their costs, and enable them to provide the same level of #customer experience as their biggest competitors. Digitalization of the payment process is central to this endeavour.

#Cashless payments provide more transparency, reliability, and security while allowing for the reduction of operational costs and increasing efficiency. More importantly, business gain access to global customer basis which enables them to scale up and reach customers across the world. Consumers, on the other hand, can enjoy a seamless experience of paying quickly, safely and securely.

In order to help SME sector further the scope of their #business, #legislators need to ensure that they allow for digital payments landscape to remain #innovative and #competitive, and thus help small enterprises successfully adapt to the new fully digitalized #economy.

We at #smeconnect invite all institutional and industry stakeholders to join us in our commitment to creating an informative and sustainable discussion that will open further dialogue regarding this matter.

In Episode 6 of Imagining a Digital Economy for All in Ukraine, Bhaskar Chakravorti, Chair, Digital Planet, interviews Kenneth Spiegel, the CEO of Languametrics, which is based in Tampa, Florida, and has partnered with Ukrainian software development company VIMAS Technologies. Spiegel explains how Russia’s war against Ukraine has adversely disrupted his company’s business relationships and R &D operations in Ukraine. They discuss how Languametrics and VIMAS Technologies are navigating their deliverables and projects across borders. Learn more from Kenneth about Ukraine’s impeccable talent, dedication, and fortitude that has helped business continuity even amidst a tragic war.

View earlier episodes here:
https://sites.tufts.edu/digitalplanet/imagining-a-digital-economy-for-all-in-ukraine/