Digital Money in Indonesia: Study of Literature Supporting Technological Progress in the Era of Society 5.0 Indonesia

Abstract

Digital money is defined as a digital payment tool that changes the pattern and model of transactions in business and investment. These technological advances make the transaction process faster, easier, more effective, and more efficient. In all digital activities and with data as its main role, individuals are no longer limited to space and time, they can conduct transactions electronically anywhere, with anyone, and anytime. This research is a literature study that aims to reveal the use, advantages, and disadvantages of digital money in society. The results of this study indicate that the use of digital money in transactions is a form of advancement in financial digitalization technology in the era of society 5.0. The conclusion of this research is the presence of digital currency as a means of payment that is safe, legal, and universal to increase trade transactions and economic growth.