Dear Microsoft Dynamic Team,,

I am writing to you as a representative of CoinMENA, operating within the cryptocurrency industry, to bring to your attention a crucial enhancement that could significantly benefit our operations and those of many other businesses involved in this rapidly evolving sector.

As you may be aware, Dynamic 365 currently limits currency decimal places to a maximum of 5 digits. While this may suffice for conventional financial transactions, it poses a significant limitation for industries like ours, where precision and granularity are paramount. In the realm of cryptocurrencies, the value of assets can be subject to minute fluctuations, often in fractions of a cent or even smaller increments. Therefore, the current limitation of 5 decimal places proves to be inadequate for accurately representing and managing these assets.

Given the increasing prominence and adoption of cryptocurrencies across various sectors, it has become imperative for financial systems like Dynamic 365 to adapt to the unique demands of this burgeoning industry. By expanding the currency decimal places to at least 8 digits, Dynamic 365 would better accommodate the needs of businesses operating in the cryptocurrency space, allowing for more accurate tracking, reporting, and management of digital assets.

Allow me to elucidate the rationale behind this suggestion:

1. Precision in Transactions: Cryptocurrency transactions often involve fractions of a unit, sometimes extending to several decimal places. Increasing the decimal places would ensure that transactions are conducted with utmost precision, eliminating the potential for rounding errors and discrepancies.
2. Enhanced Transparency: With the growing emphasis on transparency and compliance within the cryptocurrency industry, having the ability to track assets down to the smallest denomination fosters greater transparency in financial reporting and auditing processes.
3. Future-Proofing: As cryptocurrencies continue to evolve and new digital assets emerge, the need for higher precision in handling these assets will only intensify. By proactively increasing the decimal places, Dynamic 365 can future-proof its platform and maintain its relevance in an ever-changing financial landscape.
4. Competitive Advantage: By accommodating the specific requirements of the cryptocurrency industry, Dynamic 365 can gain a competitive edge in attracting businesses and organizations operating in this space. This enhancement would position Dynamic 365 as a forward-thinking and adaptable platform capable of meeting the diverse needs of modern finance.

In conclusion, I strongly urge you to consider our suggestion to increase the currency decimal places within Dynamic 365. Doing so would not only align the platform with the evolving demands of the cryptocurrency industry but also demonstrate your commitment to providing innovative solutions that empower businesses to thrive in the digital economy.

Thank you for considering our proposal. I am more than willing to further discuss this matter and provide any additional information or insights that may be helpful in evaluating the feasibility of this enhancement.

Sincerely,

Jasim Alhamar

jasim@coinmena.com