Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Economic Matters, ICOSTELM 2022, 4-5 November 2022, Bandar Lampung, Indonesia

Research Article

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

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  • @INPROCEEDINGS{10.4108/eai.4-11-2022.2329852,
        author={Arfah  Piliang and Meutia  Meutia and Muhamad  Taqi and Imam Abu Hanifah},
        title={Digital Money in Indonesia: Study of Literature Supporting Technological Progress in the Era  of Society 5.0 Indonesia},
        proceedings={Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Economic Matters, ICOSTELM 2022, 4-5 November 2022, Bandar Lampung, Indonesia},
        publisher={EAI},
        proceedings_a={ICOSTELM},
        year={2023},
        month={9},
        keywords={money digital society 50},
        doi={10.4108/eai.4-11-2022.2329852}
    }
    
  • Arfah Piliang
    Meutia Meutia
    Muhamad Taqi
    Imam Abu Hanifah
    Year: 2023
    Digital Money in Indonesia: Study of Literature Supporting Technological Progress in the Era of Society 5.0 Indonesia
    ICOSTELM
    EAI
    DOI: 10.4108/eai.4-11-2022.2329852
Arfah Piliang1,*, Meutia Meutia2, Muhamad Taqi2, Imam Abu Hanifah2
  • 1: Accounting Science Doctoral Program University of Sultan Ageng Tirtayasa, Raya Jakarta Pakupatan Province Banten
  • 2: Accounting Science University of Sultan Ageng Tirtayasa, Raya Jakarta Pakupatan Province Banten
*Contact email: 7783220029@untirta.ac.id

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.