It is obvious that change is the only enduring thing in life. It is needless to say that the existence of man is based on the exchange of goods and services. That is what defines trade. In the historic past the ancient man traded by the Barter system. This entails the exchanges of goods for goods based on demand and whoever wishes to supply depending on interest. The introduction of cowries as legal tender ended this primitive form of trade.
Development over the years changed the faces of legal tenders across continents and nations of the world. Each nation designed and developed what is accepted as legal tenders within its boundaries. For trade to take place across the borders of individual countries and continents there is the need for the exchange of these acceptable tenders. The disadvantage inherent in these exchanges is the fact that it limits the easy flow of trade across borders.
Recently, owing to technological growth and development, there was the introduction of the electronic market. Before this time goods and services can only be supplied via physical contact in the physical open market. There must be a physical exchange of cash for services and goods delivered and supplied. This again is a limiting factor to the speed of trade even within the local community.
Upon the introduction of the electronic market via the instrumentality of electronic currency so many limiting factors are being removed. For instance, the problem of time taken to change currencies across borders are removed, the speed of trade even within the local communities is enhanced. Through bank transfers, trade can take place. The fear of being attacked by robbers and hoodlums for carrying physical cash around is also partially eradicated.
It should be noted that commerce has gone beyond the age described above. We are in the new era where an individual must acquire a physical store to be engaged in commerce. With a working android phone, an individual can own and operate a digital store. Commerce has gone electronic. The advantages of this development are immeasurable. There is no limited market as digital stores are open to the world. Patronage of this type of store cut across nations and continents of the world depending on the marketing and publicity power of the owner of the store.
Again there is the existence of universal currency. There is no need for the exchange of naira to dollar or whatsoever before one can buy and sell. This is because buying and selling are done electronically. Orders can be placed and goods or services supplied without physical contact between the buyer and the seller. This has made commerce easy. There are several other advantages but space may not allow us to explore them all here.
At Poverty Must Die Africa (PMDAfrica) we have seen these opportunities and have brought them home to you via Ufedo where you can own your store for free and earn. You don’t have to go too far to be a shop owner because we care about you and your motherland, Africa. It is not just about owning a shop and earning PMDVs by referral but you also stand the chance of reaching so many customers at a go and meeting your targets right from the comfort of your home.
Shop Ufedo, Africans progress!
