Bitcoin Forum

I read this article about Zimbabwe that people are relying not on cash but E-cash. Banks have no such power there than any other countries where money is the KING.
However in Zimbabwe E-cash is the king and the reason for this was because the government messed up the economy of Zimbabwe. If bitcoin will be used not just at Zimbabwe but all over the world. Will it be easier for everyone? It is said that E-cash transaction like buying foods in the street or even donating to the homeless will just take seconds unlike banking transaction that will take days.

How stupid.
So you don't use a plastic card you use your phone and an app.
You grab the power from the hands of the EVILZ banks and you turn it to the hands of the mobile payment processor.
Evrika, and the hot tub was born!!!!

Banking transactions don't take days.
I can send my friend right now 100 euros and he will barely have time to read the message before the money are in his account.
It s all tied down to cost.

Here in Europe bank transactions are still cheaper than mobile payments.
In Africa where there was no infrastructure in place they went the other way around.

And to finally burst your bubble:
a) here are fees https://www.ecocash.co.zw/tariffs
b) they still work with banks ;)

I guess for me, it would be easier for transactions and stuff, but one question that'll also might be brought up is whether or not an establishment is open for it. There's still a difference with having the physical payment onhand, and having a transaction through maybe a mobile BTC Wallet. Nowadays this becomes more and more real, but not that strong though in terms of adaptation.

I think your idea is correct. Now that electronic payment is much more common than cash payment, this will have a great impact on banks. However, the role of banks is irreplaceable. When our payment technology is more developed, Banks may be eliminated.

If there is a Bitcoin transaction mobile phone, of course it is more convenient thing, it is best to add a bitcoin payment wallet, this transaction will be more convenient and safe.

So that's where the advantage of cryptocurrency is, and a lot of countries are starting to study blockchains, and they're going to make their own fiat money.

In my country they are running an e-cash campaign, however is similar to purchasing a voucher and using it through an application that validates payments via QR code. Transactions using BTC via QR code exist (bitpay), however point of sales and other type of commercial software is still not that well developed and distributed. I believe the cost of operating and testing with real Bitcoin is kind of prohibitive at this point.

The idea of Bitcoin trading mobile phone is great, but in reality may encounter many difficulties, after all, not everyone knows bitcoin.

I agree, I do not know where you live but in our country E - cash and E - banking is already happening, and it does not take days it will only take a few seconds.

For me it will be more expensive to use Bitcoin for small transaction use you FIAT it makes more sense.

I think that is the future. E-transaction era is coming.

It could never be, perhaps there are countries that does not like the rule of their government and systems of their banks, that is why they want E-cash to exist. But it is difficult for other countries to adopt cryptocurrency. I believe that a few time to change the currency will become a crisis in the world.
I like the way the currency will change but it is too risky to implement it all over the world.

Bitcoin transactions through cellphones or mobile phones are already being used. I used my bitcoin through 7-eleven and it's very fast. Transaction is done in a few seconds. I believe cryptocurrency is the future for fast transactions. That's the reason so many altcoins are now visible everywhere. Truly the electronic age has come.

Maybe it is posible but what you said that buying food on the streets, it is ridiculous. People doing business on the streets may dont have access on the internet so how can they do transactions. Zimbabwe might be using e-cash however there are still people in the lower bracket cannot afford the fees in digital world, people which do not own cellphones probably cannot access on internet. Which i thought cryptocurrency and fiat money should be synchronized together for better transactions between poor and the rich.