To begin, I would like to give a definition of Digital Currency, also known as digital money or

electronic money. Digital Currency can be defined as a currency that it only exists in digital or
electronic form. Therefore, it is only accessible to computers or mobile phones. For this reason,
It is most important characteristics are intangibility and non-physical form, but its value does not
depend on these characteristics. A good example of this is a bill, by itself, it is only a paper, but
if you want it, she wants it and we all want it, It is beginning to have value, so the value does not
depend on tangibility or physical form, depend that if the people want it.

On the other hand, It is important to know that we can find 3 types of digital currencies:
Cryptocurrencies, Virtual currencies and Central Bank Digital Currencies.

Now that we have discussed what the Digital Currencies are, I would like to move to talk about
their Advantages and Disadvantages.

The advantages are:

 They have fast transfer and transaction times.

 They do not require physical manufacturing.
 They can be used to purchase goods and pay for services.

The disadvantages are:

 They are susceptible to hacking due to their digital provenance.

 They can be volatile in value.
 They only are used across an internet connection or a smart phone.

That is all I have to say about Advantages and Disadvantages.

This leads last point, which is how digital currency is related to globalization.

As far as I see it, Digital currencies were born in a globalized world, without globalization, their
existence would not have been possible, because the interconnection of people with financial
markets through the network and smart phones makes possibility the accessibility and operation
of digital currencies. As an illustration, I can mention that it is possible for a person located on
the Argentina to make payments in digital currency to a counterparty residing in Singapore, if
both are connected to the same network.
Also, It is also important to mention that there are different expert opinions on how digital
currencies affect the world like Bill Gates who say "The lack of control of virtual currencies is a
problem for the authorities due to their existence on the network, is not possible to find out
where there is money laundering, tax evasion and terrorist financing”. However, Elon Musk says
“Physical money disappears and it is important to have fast and secure digital currencies that
allow the stability of monetary policy”. Speaking personally, I think that the digital currencies
are our future, so we need to change our mind and structures to stay in the market and protect our
money.