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 Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!

Those were just political traps to rule the country. Digital transformation becomes more effective when the same happens from the people. What effort the government has taken for the same, nothing. If the government insist on making people educated providing the best and quality education through the governance and then making such digital transformation will be good to the country.

Well even a well developed countries still not entirely cashless, I doubt it could be succeed in the developing country, it need a sophisticated infrastructure and all of the citizen that are aware of technology, the cashless technology couldn't be suddenly implemented, it need times and adaptation, so I will say for now the society still not ready yet, maybe if the government consistent in 5-10 years it will work

This is a ridiculous idea for the case of India. The people suffer from poverty and ignorance when politicians play the easiest cards to get in parlament.
It's the same for majority of third world countries.
This is also far from reality for other developped country .

You make the topic must be accompanied by a source, because your topic does not add other words to discuss,
This is a danger to yourself if caught copy / paste, it is strictly prohibited at the Bitcointalk Forum.
You take from this source: http://cashlessindia.gov.in/

If the common folk isn't ready about accepting cashless economy, then the whole scheme would somehow be a failure, considering that the little units that keep the gear turning isn't ready for a change. Perhaps this will only be useful on fast-paced environments like shopping malls, tech centers, high-end shops and the likes, though the informal economy, alongside the little merchants and consumers will be left clueless at the first part of the change. Digital cash and a cashless economy would surely be the inevitable future for most parts of the world, but I think it should be taken one step at a time, not giant steps that would surely confuse the little parts of the economy that are still accustomed to coins and paper for their everyday transactions.

I think cashless is different from digitalizing the economy. Cashless is achievable in almost all the countries as it is now but not to avoid the use of cash at all. It just means that there are choices of not carrying money around and there are restrictions as to how much physical cash you can carry.


This is sourceless and it can be regarded as baseless even if you have read it from somewhere.

"Toiletless", "Paperless", "Flushless" would be far better.
When you have more people drowning each year than people using cryptos you, as a government, should really start to learn what to prioritize.

No offense to the people from India but this is a normal reaction when you hear that countries that are unable to solve basic health and education problems are spending money trying to accelerate things that should come normally if the market is ready and if not would be just a budget hole eating funds after funds.

One of those programs (that should have started in 2016) says something about close to 900 million $ spent on "service centers"...probably money well spent.

China is already into it. You can pretty buy anything there with your phone so they are all up to this cashless already. If the worlds richest country are already up to it, I think the rest will also follow otherwise we'd be left behind in the progress. Crypto is paving it all for almost all industry so we can pay crypto soon.

I don't expect a country like India to create cashless society.After all it's India.The amount of poverty is insane and probably 90% of the people don't have smartphones/computers.In addition to this,India in't crypto friendly at all.They want to make a cashless society that depends solely on banks.

Turning to e-money instead of using cash is a nice step. Cash is easy to lose and spoil, it requires significant production costs to make sure that it's hard to fake and it's not very eco-friendly to waste materials on it. Demonetization is a positive trend al long as it does not discriminate those who still use cash and as long as it allows groups who depend on cash to slowly transfer to e-payments. I am not sure that it means going 'faceless', though. When you pay in cash, nobody identifies you. With bank accounts the authorities can trace a lot of personal information and if we are talking about cryptos, at least transactions and wallets can be determined.

If we look on global level many countries in the world are cashless, cuz they limited usage of paper money for everything and they pay mostly with cards and mobile devices. But if you are referring to usage of crypto in every day that wont happen any time soon cuz crypto is unstable in price. Maybe they will develop something that will have same price all the time but even if this comes to be using crypto in every day purchase this is still for the moment science fiction.

In some countries maybe yes, however, some countries are yet to adopt a cashless society. Not everyone has accepted cryptocurrency yet, that is why I really think we are not yet ready for this. This might take some time, until everyone is aware of crypto as a medium of exchange, not an asset to get income.

Anything start from the scratch. Implementation of something goes into deep process and study before of the actual execution. It means it was being fully prepared and those problems along the way are already on the table. No way a government will just implement something without undergoing into a deep study. A program like that surely approved by their economic team.

Don't know about India but let the government do what they want as long as we all know it won't bring harm to the country as a whole.

Cashless or digitalized system doesn't always involved crypto. People just have to wait for the progress along the way.

Its not easy to cashless its makes more years to analyze if this is good in the country. Some countries are not already progressive but i think its happening if the countries is want to accept cashless in the territory. Cashless are very helpful and easy to transact but there are some places that not accept cashless like a wet market but if the government rules is to cashless payment for every purchasing is good but i think its hard to accept because like i said we need more research and plan about that kind of economy.

Implementing a "cash-less" society can be potentially destructive to economies of third-world countries, especially to countries who do not have access to technological innovations and developments. Suddenly shifting to this kind of change can potentially be destructive and will further hinder the marginalized sectors from having access to such resulting to a counter-productive move.


The problem is they are implementing this kind of change in India, where poverty level is at 22% of its population (around 294 million people)[1]. This move will only benefit the average-upperclass sectors and will further burden the lower-class income due to having limited access to such. Like what you mentioned, this will only work on countries on the global level.

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[1] https://en.wikipedia.org/wiki/Poverty_in_India

For India, the transition to digital technology and the circulation of only non-cash electronic money is absolutely unrealistic. This country is relatively poor and unprepared for such cardinal changes in the field of finance. In this country, the problem of cryptocurrency circulation is still not solved. The introduction of cryptocurrency is very opposed to the central bank of this country. And the population itself is not ready for such drastic changes.

They need it.

Instead of buying a cow bringing a bag of money which is tiresome.
Heard this story from one of my friends. Because of the low conversion of their money they tend to bring bags just so they could buy one item that is expensive when they are using cash.
I doubted it at start but it does happen to rural places in India. Maybe they should really push this idea to make life easier.

I do not think that society is completely ready for transformation into cashless economy. Sometimes it is easier to work with paper money, for that transaction you do not need internet connection nor computer.

As far as I know, India now is working into becoming a cashless society, I don't think so if they are not unprepared of this but their government was planning a revolutionizing payment system and lead to a cashless society. The Reserve Bank of India(RBI) was revolutionized the payments systems through mobile base payments, debit cards, and the E-wallet system.
I think they are having an upcoming development in their country to have as huge benefits in reducing cash transactions and a move towards digital payments like having ATM cards.

Can you give me one example where this cashless menace can turn destructive on the whole economy?
Please note that you mention the poverty in India, and sorry to say but this is the reality, a million people earning 1$ a day have less influence than 10 000 making 30 000 a month, as even the number are equal on payday, the poor spend them all on basic stuff while the others afford to invest and start a business.

Sweden is an example of a cashless society, probably most important NOT an imposed one, but driven by the will and the spending habits of the people and nothing has gone wrong economically.


Wiki tells me there is a 2000 rupiah banknote, the value would be 30$.
I know cows are sacred in India but I somehow doubt you would pay 3000$ for one.

The era of digital currencies has already began with people switching from the usage of paper money to the patronage of credit card, e-currencies, cryptocurrencies etc. This is all because the digital currency offer convenience and with cryptocurrencies, transactions are more secured, faster, and can be transferred to anywhere across the globe. People are ready for cryptocurrencies. What is left now is the endorsement of it by the governments of some countries.

already it's being like that most of the people using the digital currencies for their basic needs and daily life so digitalizing the economy will not be a toughest situation in this time the future will made itself digitalised without any other help.

It's not we are discriminating them but they have more problems to address other than aiming to be a cashless society. I don't want to enumerate but they should look into more pressing issues.

I think they should do some integrations that are supported with the cash, not completely eliminate the option, and can work collectively.

I don't see any of these cashless society programs yielding any fruit. C'mon, let's analyse this, for a cashless society to work, the people living there must be ready to embrace it and at the same time reached a particular technical requirements necessary for it. A sample portion of the country could go cashless but not the whole country. Best is to integrate both systems.

 I think yes. Our society is already advancing its technologies and one of theses is cashless transactions. When we say cashless transaction, it is purchasing or paying a bill without a physical money or card to be used. Now, we have these app that we will only just top up an amount of money to a digital wallet and we will just scan a QR code for us to make the payment. Seeing it as a proof of technology, it is already starting to become a cashless society not just that but also we have digital currencies that proves it is already getting started.

society are always ready, but all must be comprehensive in rural areas of the country by means of digital progress a difficult to implement digitally yeah there must always be a network that is connected. well if there are problems in the network the society can't transact, while cash is easier and can be do it even in a cave yeah. a digital application may actually cost a lot but we must look at the development of the era

if your country wants to develop digitally the people will support that in that case people are using cashless transaction in most of the time that's why the possibility cashless society will be happen very soon.

Cashless economy are already in place in some wealthy countries like US, Canada and Japan. Any country can transform their economy into cashless but it takes time especially if the technology needed is not yet in place. With enough resources, India can implement it but it must solve first any problems that it may possibly arise along the way. Urban areas will likely benefits from this technology because it is easy to put up digital insfrastructure there than in the rural areas.

People in India are definitely not ready. People of Sweden are ready for no cash tomorrow. But I guess crypto will turn all that around soon.

I think we have to be more realistic here, not just India, but the big countries still have poor people also, and the world also records more than 20% of the world's population is still poor or technology blind, so to do cashless right now, it's not right time

Rome was not built in a day, “Faceless, Paperless, Cashless” can be achieve but other infrastructure need to be in position. The willingness of it citizens is the starting point.

Definitely this is a good head on to being cashless society. At least open a bank account to be able to use cards, though creating a bank account is actually hard for some people in marginal community but hey if everyone is willing then there will be no ifs and buts.

And believe it or not, I saw a street vendor that have his own QR code from local digital wallet and so accepts payment through it. And this is what you call innovation.

Possible but this would really takes time to make the full transformation from fiat to cashless ones. Lots of factors should really be considered specially tagging up on how simple economic activities to be done.
Cashless might fasten up but on my mind this would really be somehow a complex thing to be adjusted not on the government alone but also into its citizens.

Even my country is still not ready for this one because only 2% of the population knows how to invest and cryptocurrency is not fully legal. There are some country who are ready for this but for sure they still need fiat money for some reason.

People are dead ready for the cashless society. I always dreamt of technological advancements that i saw in the movies and i get excited whenever we are going near that picture. If there are things that are not ready on that kind of society, i bet thats the government and the country's resources. Its good to imagine but hard to do though. It takes a lot of budget.

Based on what? Your bias towards a cashless economy? I know enough people who love to work with cash, and enough stores that do as well. As long as stores still accept cash, people aren't totally ready for it yet, because stores won't get rid of a payment form that will cost them a lot of customers.

Cash is somewhat of a decentralized payment option too. Peer to peer payments is power to the people. If you take that away from people, there isn't much left for them to utilize, especially when it comes to those who aren't into crypto and hold Gold as a safe haven asset.

We should give people more options instead of taking options away from them.

Too early to say but I think people are still not ready for this one and our government will not let a cashless society to happen. We know fiat money are existed ever since and its already our culture. Even if the technology grows, i still believe that cash transactions will become more efficient in the future.

Whether the society in general is ready or not, going cashless is inevitable. Apparently, the course of financial landscape is heading it, and there's nothing we can do but adopt it, otherwise, we'll be left out. In my country, for instance, there are already street vendors who are accepting digital payment thru Paymaya and small retailers who are accepting bitcoin payment. It only goes to show that even the small-scale entrepreneurs are preparing for any possibility of going cashless.

  It is not created in day or two but look at the users who are happy with new system most of them are demanding changes, people who are modern and knows the importance of development are happy to see their society developing, so they are agree to give better response for new era of digital currency and after fully acceptance of digital money I think there will be no place for paper/ cash then.

We might be not ready for this one but there are some places who are already a cashless society but still using a fiat money. Aside from cryptocurrency, China is being more a cashless society using their Alipay and I think soon more countries will be like this. I can’t imagine my place to be like this since we are a developing country where there still a lot of rural places that is not knowledgeable to use internet and mobile phones, so i think there will be a balance financial system in the future.

A cashless system exists since the Knights Templar and the Crusades. They introduced the cheque system, it was a convenient way. Then the coin came, the banknote... When the banking system introduced the card and VISA, Mastercard and so on, it was also a convenient way at that time.
The payment means changed over the centuries depending on the needs, politics, geopolitics, populations, locations...

Now there is a demand for a more convenient way and banks perfectly know it has to come with the technology. You can pay almost anywhere with a Contactless Visa/MasterCard here. You will be surprised if I tell you the majority of people using the contactless feature are about 45-65 years old.

Statistics show that some countries are strong believers of physical money like Germany, while some others prefer anything digitalized.
There is also a difference depending on age.

In the end, it all depends on the generations and countries but there is no need to "research" what kind of economy. It's not really supposed to revolution an economy it's supposed to make it as most convenient as possible.

China is not really a poor country  . its normal for them to become a cashless society because anyone can adapt to the change but on other countries especially on the poorer  and rural ones like you said . they might having a hard time to adjust therfor virtual payment system and local payment system can atleast work in parallel for them  . 

The mindlessness of its citizens is what they need.

Most people are suckling on the internet teat and don't believe that what they're addicted to can turn against them. Cashlessness is a nightmarish extension of this. If it comes into place then it's too late to do anything about it.

The Indian people will be dragged kicking and screaming into it. In places like Scandinavia they can't wait to go cashless.

Look at the Chinese social credit system. Combine a repackaged version of that with the absolute control cashlessness gives governments over you and the future will be bleak indeed.

Going cashless isn't that easy, before that more issues need to be taken into consideration and well researched, because with cashless economy everything happens online through the networked process. Here, a single security breach could lead to a big loss. It can be of data or funds. Lost is lost, though it is recoverable it is a big risk.

Banking regularly goes down for millions of customers for days at a time in the UK. No one seems to care. They complain and then never mention it until it happens again. People seem weirdly willing to entrust their entire lives to a handful of systems.

This happens all around with the banking network. They never intend to provide the support to the customers. Even with digitization it isn't possible to provide the best service, because from Op I understood digitization is just a word embarrassed. None is clear about the activities happening through the term digitization. From my learning cryptocurrency is the only solution for cashless society transformation.

It is already been introduced in many country and that cashless transactions had a great impact so far in our society. People are now having adoptation with this kind of transformation and welcome it with positive outlook. This is a new era with modern technology so, i guess we are now ready to accept this cashless transactions.

Like or not, cashless will happen and spread all around the world. People in these days hold smartphone and connected with internet and i think peoples prefer using digital money than paper money because its more secure and more flexible

We are here, most people already living in a cashless society unless you mean the "cashless" as the "cryptocurrency". Using mastercard/VISA is also cashless, other mobile transaction, online app payments also cashless, so we are already adopting. The difference is we need to adopt cryptocurrency for decentralization, but in this case, we are far more away of adoption.

India has been against Bitcoin for some time now, so I presume their reason for that might be that they are planning to create their own GovCoin to achieve the cashless economy with their own shitcoin.  ::)

India are also struggling with the highest level of corruption in their government, so I would not be amazed if they push all other Crypto currencies out of India and forcing people to use their shitcoin.  ::)

Time will tell, but the signs are there already.  >:(

You will just add fuel to the fire, I think we need to discuss how would the government of India sort out their corrupt officials before making it a cashless or digital country like what you are saying.

I think society is ready for transformation especially for people who can open mind for new technology. They will accept the change, and the new era will comes in their lives. If they think they don't have any knowledge with the technology, I am sure they will learn from many sources until they can be familiar with themselves and they can use for their purposes.

Besides that, with the development of the technology in everywhere, it will make them receive the transformation whether they like or not because that is what will happen in their country. I see that India has a big change to accept the transformation because their people can accept a new thing that is happening in their country. So with the approval from the government, they are ready for transformation.

There is nothing sophisticated about cashless society. Almost everyone owns a phone these days.  Most legitimate businesses can afford PoS devices.  Unsophisticated mobile device can perform basic cashless transactions.
The right question should be how do you get people permanently hooked into a cashless system? Through incentives or what?

Cashless India  is to  limit black market for currency exchange
If we talk about India than important time for crypto currency is coming
India has one month to release his crypto currency regulation
If regulation will be friendly than we can have big up

Tell about cashless in Germany or Russia or in many other country in Europe you will see one big rebel than

I'm assuming they are envisioning paperless fiat. That's something that don't seem far off. I hear Americans joke that no one carries bills anymore. I personally don't carry cash and pay my purchases with a credit card.

The question is, is this the cashless society we want? We'll be giving too much power to banks and government. Imagine having you bank accounts frozen in such a society. How long would you survive?

By the time people wake up to what they've waltzed into it's going to be too late for them. That's human nature in a nutshell. People think about today and what's cool, not how it might pan out for them in the future.

Even cashless banking would still be a patchwork mess in most countries. It's when they start to consolidate that into one system like China that it turns properly sinister.

And you think that cash will save you from a government that wants to abuse the power it has over its citizens?

This reminds me of the nonsense with americans still believe in with their freedom guaranteed by their guns, as they could really oppose the government with an ar15 when the military is coming at you with an a10.

If the government would really want control over the money flow they could simply find thousands of ways to make cash transactions traceable. Here are just a few ideas

- make banknotes with the largest denomination of around 1 cent, Venezuela style. Are you going to use cash when you have to carry 5 kg of notes to pay for a coffee?
- periodically change denominations and make old notes obsolete, people would need to go each year and identify themselves and the amount of money they have
- go totally nuts and issue notes with personal codes, you can pay to a merchant only if your notes id matches the serial on your and you can get your personal notes only on payday from a preselected bank

The problem is not that the government wants to go cashless or not.

The problems happen when you elect a government that will abuse a cashless system!!!
And such a government will have total control over you if it wants, cashless or not.

I agree. Here in my country it is too hard to adopt cashless society as we are entitled as a third world country where technology is something favorable only to the highly developed cities wherein lower status in the society seems to be the majority. Cashless may only be accessible to those in the middle class though if we are talking about crypto everyone could get in. Centralized assets such as credit/debit cards issued by banks are one sided.

There will not be a time the world would be ready for a cashless society. Not everyone is developed to that extent, there are people who prefers the physical cash , what they can see and touch and they believe it is a better option to digital payments . Everyone can never have the same opinion or like the same thing. It’s all about choice.

There are some things that most of you are not putting into consideration. That you’re privileged to know about Bitcoin and all these digital form of payments today doesn’t mean everyone has same privilege. If there happens to be a cashless society, it is not going to be in favor of everyone. You have a computer and you have a smartphone, there are others who can’t afford all that.

  No need to be worry very soon it will be adopted by low status cities but it will surely take some time have patience I am sure all over the world only crypto currency will be there but till now we have almost 60 percent of countries living with only crypto currency but no cash and gradually everyone and every country is adopting cryptic currency as main payment resource I am hopeful.

Cryptocurencies are cash. Cashless society is no cash. Cashless society are numbers on a centralized ledger.   Bitcoin and Monero are cash. You control your coins. Like you control a bill in your hand.

Yes calm down, cashless will occur in our society, it only takes time. technology-blind and old people will die, and be replaced by millennials now. and when regeneration occurs we will see the digital currency as the main currency

I do not think that ever we will switch completely to non-cash forms of payment. Anyway, not in the foreseeable future. The percentage of using non-cash forms of payment will increase, but the cash of the states will not disappear. They will always be in demand, since they are very convenient in practice, we are not dependent on any technology, there can be no technical failures, we are not dependent on anything, the transaction is not monitored in any way.

Sure old people and technology blind people can die soon but what about the poor economy of other country ?  We are already in the future but there are still poor people that didnt have the knowledge and resources to operate cryptos  do you think they can disappear ?  No i dont really think so  . thats why i think cash will not be extinct  because those kind of people that i mentioned are the ones that will use cash forever  .

It should not just be India who will have to take that jump into using the blockchain technology.
A lot of countries up until now are having a hard time into keeping up in technology. There are still long lines for bills payment and also in the banking system.
Why wait if we could just do it all online and also pay and do other transaction in your house with an internet.
Maybe this could be a good leap for India and also let other countries see what changes it could make to enhance the transaction system.

Each country has different situation regarding this. Maybe government of India feel that their citizens ready for this, I can't comment more than this because I clearly don't know about India, I live in Indonesia and here many people still can't get good infrastructures even for go to the neighbor city, indonesia is big country and build infrastructures here is very hard. So for indonesia this is not the time for cashless economy.

Being cashless is really an advantage for people who always go shpping and pay bills because they don't need to fall in line. They only need is their smartphones and the internet by that they can send their transactions. But i know that it is not only india who are becoming cashless, a lot countries also starting to become cashless lile sweden, america, and many more.

If I recall from several years ago think that Sweden was only country that wanted to use crypto in everyday, if I recall E-crown was name of project,. But cannot remember what happen to this. However they are country that have more then 90% cashless usage and this is good for them. Also many other countries are more cashless then other but still we are far from achieving it globally.

In my own personal opinion, india is not the only country who became cashless because developed country like america, japan, sweden, denmark and many more are also going cashless and it is really becoming effective in their country. Going cashlessnis really helpful for every consumers because they don't need to wait in a long line and get the money in their bags or pockets they all just need is smartphones that will give you fast transactions.

The society is not going to be fully ready if the move is not being made and that is the fact. The revolution of a cashless economy is not happening only in India but almost across the whole world and this is mostly driven because of the continuous increase in technology and the way we do things. At the same time I don't think the adoption should be rushed except there is plan to leave some members of the society behind as not everybody would be able to grab information at the same time but eventually its going to circulate or maybe the older population would phase out eventually.

Where is the article you are citing? At least post the link when starting topics.

Back to topic, I think India would just end up following China's path. It is "cashless" in the sense that transactions are done online through apps and stuff but they still require banks for this and of course, the "cashless" money being transferred is fiat. I don't think this will do much to increase crypto adoption in India, considering it seem to be even more hostile to bitcoin than China.

Might even affect adoption. "Why would I bother with this crypto thing if I can just use my money in the bank to buy stuff?" some might ask. Coz as it stands now, Bitcoin is far less convenient than what the Chinese are using.

Whether society is ready or not it will happen eventually. It is already adopted in some countries and it functions well. I don't know if India is ready for that concept at this moment but everyone needs to start sometime. I know that it is country with billion+ people and I don't know if it is equally developed in all areas of the country and that can be problem in this case.

Governments across the world encourage a cashless society principally to save costs.In a cashless society, printing of fiats will be to a less degree, you basically just enter some digits into the system and is counted as cash in the system.Less than 5% of money in some advanced economies are really in physical forms.Of course they are not backed by any assets

All countries already adopt a cashless society to a certain degree and India is certainly not an exception to the rule. All international business are done through wire transfers.Only a fraction of physical cash is being used at the retail level.

Right.Cashless society will sure to happen few years from now.But it would be more fastly developed if the government too will create some educational programs to help billions of people to understand cashless society and guide them in this development.Some of the countries have started it successfully and sooner more countries will be adopting it too.

Cashless society will happen soon because government support this but i think its not about cryptocurrency. We know cryptocurrency banned in many country if used as currency and i think digital money is paper money that still controlled by central banks

I think the concern of the government of many countries is not to educate their people to get to know technology more, yeah that might be done in some developed countries with large economies, for developing countries their concern is to solve poverty problems first, they will get rid of cashless interests, because it will develop naturally

Well, cashless economy is quite good idea but somehow it is not appropriate in other country especially in the third world since not all of their places have enough technology to access this innovation. Besides there are some folks who cannot afford this technology which cannot fully implemented throughout their places.

This can really be a good idea and I feel that it's  possible, but I think it would take a longer time. The challenge here is that not all people are tech savvy and there are places that have no access to internet yet, considering that we deal more on technology when dealing in the field of cryptocurrency. It's good to know that there are already countries that regulate Bitcoin and I believe that its demand will continue to grow in the long run. What we need is proper education to gain full interests from the public, gain their trust, and for them to be fully-aware on this technology and realize its real essence.

Give Scandinavia few more years (3-5) and they will pioneer cashless economy. I've heard about buying drugs with cashless credit cards (or smart phones) in the club :)
I am just maybe a bit afraid of the central banks and their power. Atm, you can always take cash out and sit on it if you disagree with the banking policies. Imagine that banks would charge you 3% per year for holding your money. You would be wanting to spend it as you cannot withdraw it. Now you can just withdraw cash in that scenario and that's it.

All depends on the legalization of a country against Bitcoin itself, if a country fully supports it, there will be a growing number of business developers that involve Bitcoin into their business, so that the general public specifically uses Bitcoin users to transact. I think there are several countries that have been involved, for example like China.

Cashless society is on its way however if the government is a hindering its growth then it would be hard to grow easily. Like conservative India I think it will take a lot of years before they can transform their economy into a crypto unlike blockchain leading countries races to be superior in the new innovation.

Eventually this will happen someday, we are slowly going in this direction but it will take lot of time and effort for this come to see light of day. We have some individual countries that have this in huge way but it some of them most are still really on cash usage.

The country's dream maybe but I believe it will be too far to totally happen to India. Not in everything digitization can be applied. If I want to trade something for something with a friend or with someone, I don't see where digitization applies there. If I want to buy a house with the use of gold bars, still I will be using the traditional way of transaction.

People these days with the modern age of internet is not impossible to be ready for cashless society, and as proper education feeds us along with focus and interests this will be achieved to transformation. Digital currency can be the best way of introducing it, and with respect to fiat electronic banking already started it through account on banking linkage, but not as fast as the blockchain network transaction capability. However, when there's a merging between the two types currency I guess that's not impossible to happen.

The thing with cryptocurrency is that it is transparent and ANYONE can see who sent funds to whom.

This means that it will be harder for corruption and crime to flourish.

Of course a lot of people with power will be against introducing cryptocurrencies because it would make it harder to practice their criminal activity.

That could be good, but I think if it happens, certain problems may be encountered like when internet availability is poor or when there is no signal. If there is much how can the poor who lives on the street buy food when they don't have digital wallets. I think it is really hard to really become a hundred percent cashless. I do think that cash may still be around long enough until probably when everything around us becomes digitally accessed or activated, like when robots would be around every corner on the streets. Maybe this could happen some 50 years from now in the future.

This atricle makes a very valid point and one that isn't mentioned all that often - https://www.theguardian.com/money/2019/mar/06/uk-cash-system-on-the-verge-of-collapse-report-finds

Cash infrastructure is expensive to maintain and we may end up with cashlessness by default simply because there is no one willing to subsidise the olden times.

In the UK bank branches and cash machines are closing at a very rapid rate. That's not going to reverse.

In some point we will be ready to transform. Many benefit can be made with cashless society. Some are no need to carry cash physically, printing of currency cost will be saved, environmental friendly, formalization of economy, possible low inflation and many more. We can discuss this indefinitely but main thing is that some countries are example for this usage, Sweden is my word. In this concept they are ahead of every country in the world.

I think it requires a process, but if the government has determined its policy, of course the people must obey it. even though they are not ready, they are required to be ready to use it

It could be possible since India is adaptive to new technology. I think they want to try something new to their monetary system but it would not be easy due to something once ways of payments in the country. Right now, it's better to let their government do their work on how to make it a reality.

What that ready should mean? You think if you or someone else is not ready, that transition will wait? Forget about that, in some countries cashless society is already announced, and when that rule spread to other countries people will have to adapt, nobody will ask you are you ready or not, it will happen.
Society is ready for many things, but the governments are playing important role in moving forward. Question is do they have infrastructure for the future? Or they are still using typewriters? Maybe they don`t have even that, still pencil and piece of paper and wrote it down.

Listen, I do get how it's nice to see how it's happening in Scandinavia where cash is almost unheard of. In my country in the late 1990s, when we started experimenting with our own cashless payments (excluding Visa and Mastercard credit/debit, that is), it went really well and I can remember even in the mid 2000s people from the West were amazed at how this barely made it past third-world country was so digital, making payments online and over SMS everywhere, tapping for bus rides and never needing to carry more than a few dollars in cash (for street food).

But it's 20 years later and some remote areas are still yet to receive proper internet, never mind proper computers or smartphones with which to use all those fancy cashless apps... forget IT literacy, some people can't even read or write to fill in a form to open a bank account. These guys were already behind, and this cashless society's left them even farther behind.

India may be a different case, after all, if mobile phone penetration is good, then perhaps that is the way forward, just as it is in Kenya and other parts of Africa. But I always feel you got to tackle the root issues first. Transformation tends to widen the gap, if any, even more.

Exactly. As people move away from using cash, in general, it will soon become simply too expensive to keep the cash infrastructure running. From an economic point of view, this will force companies to leave the market, thus resulting in a natural collapse of the cash infrastructure. As the article predicts we could see the percentage of cash payments drop as low as 10% in a mere 15 years. Personally, I feel like it might even happen sooner rather than it takes another decade. If we look at China or even Scandinavian countries we're already seeing that cash has been banished to the history books.

In fact, this article (https://www.rt.com/business/425577-norway-cashless-society-banks/) claims that fewer than 10% of Norwegians still use cash, and authorities predict that we could see cash completely disappear in as soon as 10 years.

- Certainly, it will be a very long process and takes a lot of time because everyone's habit of using cash has been maintained for many years, if the government wants them to change that habit right away, this will not be a simple story, people will not be able to feel comfortable and convenient, even this sudden change can make transactions more troublesome. So this change needs to start slowly, the government should gradually direct people to not use cash more often, and when not using cash becomes normal and more popular, it is also a time when society is ready for this revolution.

well, when the government can control the condition of cryptocurrency prices like that, it has been confirmed that the bitcoin path is no longer straight because the price of bitcoin should not be controlled by anyone except the users, whereas if only from news from the government can influence the price movements of bitcoin then it's too terrible and dangerous.

I doubt that previous BTC price falling starting from December 2017 is a users' decision. It was knowingly initiated by some big whales and as a result many users have lost their money.

If someday we see compromise in this I believe we will see bitcoin or any other crypto used in everyday trade. For the moment we have many obstacles on this and it will take lot of time for both sides to find equal language on this topic cuz it to sensitive. Many benefits will come out but for the moment this is all that it gets.

A future whereby Bitcoin and fiat fully cooperate and fully supported by the the government and the bank is possible. 
In the future it is highly  possible for Bitcoin to fully circulate and freely been used as a payment system as it was created for,  but that is only what it can be. Bitcoin can never stop fiat usage or create a cashless society. A cashless society is nearly an impossible one.

For now the community as a whole is not ready to use digital money, where adequate infrastructure is needed such as a strong and stable internet network, then a computer or an Android cellphone. In addition, the level of education is sufficient to be able to use the device.
But to transact naturally can, where people who have the ability to start switching to digital money and slowly use education for people who have low education levels are run. It takes time, but the digital age is inevitable, including the method of payment.

why not ?  we are already in the future and this is already considered as a digital age due outbreak of new technologies   .  with that said i think people are already to upgrade into a cashless society where we will only use cryptos as a replacement for fiats  because cryptos are fast and easy especially when use online  . the best thing about crypto is that it is anonymous and not tied up to banks  or governments wihch means we have a freedom  .

Well I would like to bring light to the fact that we cannot say for sure.
Cashless society is a term for People who actually have access to some basic needs and necessities, when you go out tin the world you will see that some people are still striving for basic food and water , they don't even have access to computer and internet so we cannot say that the world is ready .
We can for sure say that some of us are ready and trust me it's only 30% or even less than that.
Out of the fortunate people we need to minus the ones that are above 50 who have no idea how a smart phone works ( most) and the young ones who are still learning.
Thus till the time the internet and education is not free , we cannot actually say that everyone is ready for this transformation so soon.

 I think the country of India is quite poor and they are not suitable to implement this project. This project is only suitable for rich and advanced countries like Singapore, Dubai, USA, China, ...
there they will have the best experience and many people will enjoy and spread the world faster. Do you think so?

I don't think so. Not everyone are capable to adopt cashless economy since most of them know nothing how it works. Also, it's somehow not convenient for everyone due to the systems we have right now.

That's their problem.

It will reach a point where your cash will be refused wherever you go. The more cashless things become the more expensive it is per customer to deal with cash. Once it reaches a certain ratio they'll no longer bother.

Why would you want to take a trip to the bank and store and count all that cash for 5-10 customers per day? It's easier to tell them to go away.

https://www.theguardian.com/money/2019/mar/09/sweden-how-cash-became-more-trouble-than-its-worth

I do not agree with you completely on this. It won’t be so easy to going cashless because there will always be challenges with this method.

What happens to poor network, what will now happen to a case where there is an accident scene and there’s need for urgent need to make payment and then network is down and how about the fear of hackers. I am personally not in support of cashless economy, maybe not now

Maybe people would start adapting it if it's mandatory. Oh sure there would be a lot of outrage that would state "Don't fall into the scam, there are no such thing" or haters that just bash the idea of it like "You are Stupid when you start transacting digital money" or something stupid like that lol. I don't think everyone is up for it, but if it benefits society in the long run, then you would undoubtedly convert the people soon enough. It won't be long until everyone is forced.

As long as you know that it's going to improve society, so why not right? Economics is crazy.
 

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Something I searched for here. It's somewhat similar and could help you understand more of it.

The Pros and Cons of Moving to a Cashless Society (https://www.thebalance.com/pros-and-cons-of-moving-to-a-cashless-society-4160702)

at least the presence of crypto currencies provides a choice, indeed it is still difficult to imagine if the internet channel dies for example, of course the economy will stop, especially now there are still many regions that do not have good internet

Already people in all over the world will use the cashless method for transaction and payments it can be an important development to avoid money in the future India virtual currency and using the morning we'll be more safer than using in normal way I think it will be happen in very quick time.

It is very possible. They might have few challenges in the beginning but they will definitely adapt. Going cashless is a process, don’t think it’s something to wake up to one morning and like you mentioned that India is adaptive to new technology. The government definitely has a lot of work to do and has a lot much roles to play in bringing this idea to becoming a reality.

So many countries both developed, developing and the underdeveloped are already considering going cashless, it might look like this might never become a reality but who knows?

There are a lot more to do before thinking about this cashless economy. What has been done to change the illiteracy and even improve the knowledge of the citizens on computing.  There are many who don't know their left from right when it comes to computing and so how can these people cope.

I would say yes, but for now, partially. I think the market has had its fair share of changes becoming more and more technologically inclined day to day. I think that as more and more advanced improvements are introduced in the market, everything will follow suit making things more digital, since being digital comes hand in hand with being convenient. The thing about digitizing everything is that everything becomes easier and faster. Also, it can give business transactions a protection that could keeps its safety against physical threats that could happen when you have a lot of cash at hand. However, that happening could also bring about new threats like hacking.

There are some society who still can’t afford to adopt a cashless society because of lack of knowledge and they are really poor at all where they neef the food more than the money. Cashless society will be grow, but still fiat money will be there for those people who don’t want to use money online.

Well in my opinion, is not all the society that is ready for the transformation in cashless economy. Although, I must confess that there are society in some part of the world that are ready for the transformation.

Cashless has many advantages, namely: fast, safe and free to send money to friends or family locally (one country) and is more effective when used for online transactions. Because cashless technology's "capable" of placing consumers at the main point, so that they can control their money in a way that is easier & safer.

It is not an easy thing to change the mindset of people who are used to cash, because it is very simple and does not need other devices such as computers or Android mobile phones.
But that change must come, because life itself will go hand in hand with the progress of the times, which inevitably have to undergo. As in fiction, maybe one day all use crypto money because mining products or agricultural products are not sufficient to produce cash.

It will since people already have some glimpse with virtual currency, time will come that the entire world will embrace this way and the government will
adjust for this new digital currency, we knew that blockchain will help to make things easier and with wide knowledge everyone will be using it and make things more quicker, imagine world with innovations will indeed helps.

Nothing like that happened in India,it is still the same,poor people earnings less than a dollar in that country so how can you expect it can turn into cashless economy.First they need to concentrate on the employment issues in their country before asking them to use digital money.

But, many countries are already prepared for getting into the world of no cashes still in my country there is no vendor that does not accept online payment. You can pay via transfer for virtually anything purchased and this is a good way to tell that everyone is ready to go into the cashless system. This does not mean that everyone has entirely gone cashless but it only means that majority are preparing for the time and when that eventually comes it will no longer be new, so it’s possible and for the fact Indians and considering that they have a good technology.

readiness about this does not have to be measured as a whole in all regions of the country, there is always a gradual structure of urban society first, and I am sure it has been applied effectively in a modern way. the response was obtained in stages, India is a country that is ready to be associated with digitalization in every city they measure has advanced.

india, maybe this country is indeed one of the countries with a large cryptocurrency circulation and even some ICOs are from this country, but I am not sure that this country can use the cryptocurrency as a whole.

This dont mean that they are cashless. There is one of countries that used the most crypto but cashless society is something where you dont use paper money you pay with cards or mobile phones. In general this king of usage is still far from being completely cashless but we are going in the right direction.

I agree. It's too early to even consider a majority in cashless transactions. Though slowly people are already seeing the benefits of it when it comes to convenience and efficiency, a lot still don't have access to either information or tools to rely mostly on cashless dealings. It may come but not yet.

Your topic doesn’t make any sense. Just because you like digital money and methods of payment, doesn’t mean other people are going to like the same, everyone’s opinion/choice is different. There are people who prefers the physical method of payment , and I’m one of them. I hardly go to stores with card or using my mobile to make payments, I just go with cash.

I don’t think that ever worked. And by the way, cryptocurrency is not the only digital form of payment. Even with your banks you can make payment online using your mobile or computer and that’s what we all know as internet banking. And there are other forms of payment too just like PayPal and many more. So if you talk about digital payments , you shouldn’t only talk about cryptocurrency, it is no better than these.

Maybe but in my opinion it's not entirely possible, and only a few people can use and only certain people who have been supported by technological tools and mindsets that support those who understand cryptocurrency to be used as buying and selling transactions, because not everyone can use all have the capacity and ability to support it.
so in my opinion it's not possible and the cryptocurrency and fiat will still be there and will be used with different people and different ways.

Most people are not ready for it. They are used to deal with fiat (cash, credit and debit cards, etc). They simply cannot realize that virtual money can also be used everywhere, and even bring them much profit.

The people are in the current situation at mostly using the digital platform to make the payment of transaction so the country is always been trying to be Digital in recent times so it could not be very difficult for any country to be changing are converting into digital platform 100% it will be possible in very short period of time.

I don't think the society is ready to live with cash and that's because a high percentage of population still use cash for their daily transactions and they don't even have a debit card. First of all I think everyone should switch to a credit card and when that becomes the main use method for payments they will discover bitcoin and switch to it for more advantages and financial freedom.

People are always ready to switch to any trend which offer convenience. Crypto as a form of payment offer convenience and security more than any other form of payment. The problem now is the governments. If the governments legalize crypto, crypto will see an exponential growth its adoption by both individuals and major businesses and companies.

No matter how this sound good this could have bad influence.

We have countries that are far ahead from rest of the world on this topic, but what can be downside of this project or attempt for others. On what I mean is this. Those who live in the country where poor internet connectivity could stop payments, this is actually a major issue. Anyone can lose access to cash, in this hacking will be on so big scale that no one will guarantee if you pay or not.

So is this really necessary, probably yes in some points, is it safe most likely not, will this be good for all, most likely.

I think in the modern life in many countries, people are ready for transformation but in the other region which still grow, I don't think they are ready because there are many things to build before they are ready to accept the transformation. But soon, after the growing country can solve the main problem in their country, then they will be ready, and they will allow the transformation although it's very difficult to convince the older people to follow to accept the new transformation.

Tbh, I think not. The mere fact that not all are aware about the this cashless economy, most likely this will not pursue. A lot of people couldn't adapt that fast especially to those who have no idea on a such system work. In addition, a such economy would take years or decades just for the study of it, and another years just to impliment it. Despite that the technology advancement is in a progressive stage only a few are coping up with it.

Well, I don’t think it is about changing their minds. This is about them adjusting to the new trend or accepting technology They , might probably be very used to the use of cash but it will only take time and they will be left with no choice than to make use of the computer, mobile apps and all provided devices to make cashless society a reality.

Like for example as we were thought, before the invention of money, there was a means of exchange which was trade by barter but  soon as a better means of exchange was invented,  everyone accepted it and with the fact it made life easier. Just like you mentioned Change is the constant thing

Yes.Although we can say that we are ready for a cashless society but considering the people in the rural areas,it would be hard for them to drive along with this fast changing technology.Maybe if the government will create educational programs to raise awareness to the people on how cashless economy works,then it would be the time that we can conclude that we are now ready for a cashless economy.

yes, the world is towards cashless society and we can see that the use of digital money is increasing day by day in developed country because of the practicality and safety factor. Technology behind cryptocurrency will definitely help to sped up the adoption of digital cash use, increase its safety by cryptography and expand the money function beyond wealth transactions.

Here's the report of credit suisse from 2015 and i think its still relevant to this day : https://www.credit-suisse.com/corporate/en/articles/news-and-expertise/will-we-soon-live-in-a-cashless-society-201507.html.
  

People will get adopted to it, but it takes some time period. We cannot experience a complete transition from the fiat usage to complete cashless access. When smartphones got into the market people weren't much used to it. Now every common men had got the knowledge to use it, in the similar way can expect change little by little. Maybe with the next generation it gets easier as everything has now come got its digital version.

The reality is that they will be left with no choice than to work with what is available and here if crypto is the available; it even makes it easier since Bitcoin is convenient and well secured payment method. It is now the job of the government to adopt and implement crypto as a payment method.

I would also like to make it clear that crypto is not the only form of payment needed to make a cashless society. A better digital /technology would be required of all countries to make cashless society a true reality

If you’re talking about cashless then you mean that everyone would not have to make use of the physical and to make use of money we would all need our laptops, phones etc. I don’t think that would be a good idea and not everyone in the world is ready for that. There are still a lot of people that don’t have interests in technologies like this and there are many of them. So it is not a good idea :( :(.

Yes you’re right. Having a high number of people making use of cryptocurrency doesn’t mean that the country is cashless. Cryptocurrency is an asset and you really can’t make use of it buying and selling (hardly being accepted )so I’m very sure that majority of those people are having it as an asset and not really as money that they can use at any time.

logically I judge your explanation, it really takes time to achieve all that. maybe until our next descendants. for now crypto is still in the process of showing its performance, so that it can be accepted by all countries

We are going in a direct course in non-cash economy. Banks are already switching to cashless payments.

The transformation has started many years ago, I render that it started since 2009 where the economic crisis hit the whole world. Cashless societies are in favor of the debt world that our economic model is built upon. More and more cashless options for us are about to come and I hope that cryptocurrencies will be one of them.

"Cashless society" alot need to be done in educating the populace.  I could remember in some years back many of us did not understand how blockchain technology work but now we can do financial transactions through the blockchain technology successfully.  Many big business are still finding it very difficult to be able to make used of decentralized financial system but I think in the future everything will become easier and we would build confidence and trust on the cashless money.

  No not really so it will not take much time because crypto currency is really decentralized and legalization is not an issue, because it is still able to use at several places and this is good because it saves time and money, we can buy goods of our need even if we are at home, crypto currency will take the place of real money in our society with passage of time.

This will surely be a part crypto currency will take too in near future.
Virtually everyone has a phone except one that chooses not to have, same way every soul will hold crypto currency in future.

It looks now as if not up to 1% of the world uses crypto currency as means of whatever they intend using for,  but a time will come that every country and everyone will embrace the cashless society whereby Crypto currency will be the major system to be used then.

Hence, no matter how long it seems it is taking for Crypto currency to grow, as years passes by, it will keep sending signals to other countries yet to embrace it to do so.

India is in first place in the cashless economy in implementing most of the payment solution in the form of digital payments and encouraging public and merchants to turn to cashless

In my view not all countries can do it and cashless society only can be implement on the countries who have strong economy and probably India can be done with it because if i'm not mistaken India economy were pretty strong but cashless society cannot be implement on develop countries which in those countries still have poverty problem

I don't think so. In some parts of the world, they still need to use their own currency to buy their necessity. I think more than half of the population of earth still pay for their goods in the traditional way.

Like here in the Philippines we have a store here that is called a "sari-sari store", where you can buy certain items at a single price instead of buying a whole pack or a dozen. Its paid by our own currency and our local retailers still don't know how to use cryptocurrency.

Very correct Mate. Assuming that a country has become cashless because of its huge crypto usage is not correct.
To be cashless means fiat to be completely erased and digital money the only accepted means of exchange. This is still a work in process, It will be achieved but for now not yet, and you have basically hit the nail on the head to mention that it is too early.

Let’s just keep spreading more news on the adoption of BTC rather than getting on a baseless argument. A cashless society which will be based on digital fiats will be a testing phase of crypto society to study pros and cons of adopting bitcoins. We need to spread awareness on bitcoin adoptions in between time cashless society also will groom to the state of adopting cryptos instantly on first hearing.

This will help in transforming and developing the country as well as the propagation of virtual payments systems(cashless society)
More and more developed countries are switching gear to cashless economy, the more this happens, the more it favors cryptocurrency

For now,it's really hard to tell that we are now ready for a cashless economy knowing that most of the countries are still into fiat currencies.But seeing China who has been able to survive a cashless economy,i think other countries would be able to do this also as long as the government itself will provide programs to make the people be aware about cashless economy.

Not necessary to be just crypto. Cashless system is where no physical cash is in circulation. Well its should be like this in theory. Payments are made through credit and debit cards, bank electronic fund transfers or virtual wallets and if necessary crypto (hopefully in some near future). Still in general this is very hard and bold move to take by many. We have countries that are already into cashless system or in system that use less cash.

We are already very much prepared for it,but still it is not convenient in all the places and emergency situation because we were taught to use paper money everywhere when compared to other type of payments.

And governments saying they were going towards cahsless economy just doing nothing other than speading false promises,just for their political benefits.

Society needs time for a transformation, the people around were much adoptive to the cashless economy. Same time there is lack of security concerns and scammers who easily get the users funds. In my country people who are little knowledged use the debit/credit cards. Common people began to use cashless transactions, but scammers tried to get the keys through phone calls and transfer to other accounts. This loosen the trust of people over digital medium of transaction.

I believe that countries with a high standard of living and a strong economy have long been adapted to cashless payment between people and in stores using payment cards and Internet banking. Therefore, in these countries it will not be difficult to integrate cryptocurrencies into society. Digitalization is now active in many countries and it is not surprising that the government of India has also decided to make its country actively using cryptocurrencies.

very brilliant idea. at present, technological developments are very rapid including in the fields of economy and finance. all countries have used technology in all sectors. we must follow the development of technology in all fields in order to continue to grow. but the security aspect must be improved in terms of financial technology such as e-bangking, crypto and others.

it seems not because to change the lives of people in the world without cash it is very difficult because cash has become a daily necessity for making payments, and not all markets or stores use non-cash payments

The blame should be on the government here because they were failed to teach the people how they should be before implementing a new system but most governments don't care about their citizen,all they were looking for the taxes.

It’s no surprise that digital payments are moving fast was it crypto or not cash transaction. Some say that now its more cashless rather then cash transaction. This is more of technology advancement, ease of use, high levels of security, lower cost and many more. For some example digital payments are connected to smartphones which is an exploding industry. With this we could expect in next five years maybe less that we will have more the 3/4 of world population using smartphones as payment, now is around 60%.

Then we could say that digital payment is smarter and safer to use. They can be tracked. Also this can be use in some developed countries as tax collecting system, they could easily have info about it (maybe this is bad side). But what about some countries that have low internet or they have restriction on it, will this be good for them or not. Probably they dont think about it in any way.

So what can cashless bring.

Can be safer, smarter and more accessible. But in the mean of completely cashless we are still far away. Also many love to have good old cash in wallet or pockets. But rapid development of digital platforms and payments can provide the speed, security, transparency and cost efficiency needed to increase financial inclusion universally. And this is what is most important in this. Most will have to adopt but eventually we will be cashless.

As of now the people aren't ready to get transformed. Society is full of different levels of people, here people at the top will find it easy to get transformation. The low level people find it difficult and at some point they will adopt it. Cashless economy will continue to happen in a gradual manner.

We shouldn't really too much hanging on the goverments. Relying such significant transformation within any culture isn't the job of governments. Afterall, we shouldn't still depending on a centralized entities, digital cashless societ would be a heaver for financial data collector, In regards, Privacy is essentials.

- Well, we just need to look at reality, look at our daily activities and daily life, everything always revolves around cash and cash, modern technologies rarely appear unless these are large amounts of money and need to move to a far place. And it is too obvious for us to know that people are still not ready for a cashless economy, I might even think we're ready but we don't want this change because we always like what is familiar and convenient for us, cash is in line with our criteria while other technologies are too complex and troublesome during use

The transformation could be possible but it depends on your perspective about money and society itself, most money is already in digital form and only exists in the databases of banks so in a way we are already living in a society that is mostly cashless and that is because most of the wealth of the world is concentrated in the hands of a few persons, however if what you want is that every single person in the world can use an electronic form of payment we are very far away from reaching that point.

As long as poverty is still not resolved, of course there are still many people who will be oppressed by such a system, imagine if the government imposes a cashless implementation to their economy and society, what about the low level people  to be survived?

No according to me we already has been transferred, people are using crypto currency more than fiat now, our economy has become higher with this change because you know people are so busy now a day so it is hard to get the chance to buy our needs after travelling long distances and leaving our work, instead of it people prefer buying online with online currency.

That's not fair, however we get access to buy each and everything online, the consumer strength of direct buyers were higher than that of the online buyers. The direct buyers to have begun to use the digital payments which is why in recent days we've seen massive increase in digital payments usage. As of now cryptocurrency usage is limited and future might give a massive growth when the direct buyers prefer cryptocurrencies over digital payments.

People who are illiterate should be given consideration with the government.They should be educated first about how a cashless economy will work.Once they will be able to adopt with a cashless society,i think it will be more easier for cryptocurrency to attain mass adoption in the future.For now,i would say that our society is not yet totally ready for a cashless economy.

But however we have everyday something new that is in process of adopting not just crypto but more into card payment for everything or mobile payment as well. We are in this that we cannot live without our handy little thing mobile devices was this phone or tablet.

Eradicating poverty has got nothing with cashless society. I think once a government is ready to implement the cashless policy system, even those you refer to as low level people would adjust and learn to accept the new payment method. After all, those low level people still carry out transactions daily, the only challenge is knowledge of which I am sure they would learn how to use.

No matter the effort of government, there would always be a little level of poverty in an economy, takes many years to achieve a completely poverty free economy and we can’t say we have to wait till this is achieved before the implementation of cashless policy.

The reason a cashless society is not possible now has nothing to do with education, it has to do with the costs associated with technology, when you have a huge percentage of the population without access to even the most basic services like running water or electricity it becomes apparent that it's going to be impossible to make those people to go digital instead of cash because there is no infrastructure in place to allow them to do that.

yes, I think developing countries must focus on infrastructure, education, hospitals, and also labor. talking about cashless is too far in my opinion, because there are still many things that need to be fixed.

Well, most societies are adopting cashless payment methods especially when the technology is available. While it's very convenient and safe in most instances, it is important to note that some sellers and buyers choose to use cash even when POS services are available. l have had experiences where I'm charged 5% more if l use a card (transaction processing fee). Because l want to minimize cost, l don't mind paying cash in these instances.

You can watch some of it on Youtube and you will be amazed on how they are adapting that cashless system especially in China. I saw them pay  using their smartphones for their gas, food and any basic needs of a consumer. I really see that convenience of doing that and I know that sooner the whole world will adapt it.

The community is always looking for this wonderful and great technology or innovation that could ease the transaction. Meaning cashless society is ideal but we know that it could not apply to all and there is no absolute cashless in thr society.

One of the key that we can already move to a cashless society is the bitcoin. This system is one of the great innovation with the idea of decentralization and peer to peer transaction basis.

This matter that the country of India is talking about is so interesting. I want somethint like this to discuss about. But well, this is not an easy matter to deal with. It requires a lots of efforts and of course, the most is time to dwell with this.

Concept of "Cashless society" has been looked globally, particularly because the world is experiencing a rapid and increasing use of digital methods of recording, managing, and exchanging money in commerce, investment and daily life in many parts of the world. In theory term "cashless society" could be stated as move forward, for me this could be - society where cash is replaced by its digital equivalent (not need to be crypto or as many think bitcoin), money exists, but only as recorded, and is exchanged only in electronic digital form (again dont need to be crypto particularly bitcoin).

However we have seen that every new change in the world have good and bad sides of process. Here think its the same case. No matter that this will rapidly be used and to say that transaction speed could be instant, not to mentioned when companies need to pay each other and they are across the globe sending was up to 72 hours, imagine this in let say 7 minutes. However its something that no matter how much we wanted to happen will take time to be, on this I dont count some countries that have reduce cash usage for more then 50% and we have them all over the world.

Yes.Eventually more countries will soon to adopt a cashless society because whether we like it or not,we are heading into a cashless economy brought by fast changing technology.If China had made it into their more convenience,then i think other countries too would also do the same and will experience  more convenience too brought by bitcoin.

China's economy can affect the economy in the world, of course China is one of the mecca for cryptocurrency. moreover China has a lot of cooperation with other countries, of course this can affect the culture using crypto currencies

if in my opinion the person is not ready to make a transaction not using paper currency because not everyone wants to change transformations in life every day. because the paper money has become part of their lives

Most probably it happens in those remote areas where there is absence of internet and their capabilities. If there is no probably with that, it for sure they are using it by then. Though fiat is still the majority currency we used but knowing that we are heading for more crypto user in the future. This is process and it takes time before if finally be transformed into crypto.

Changing banknotes or fiat with crypto to carry out daily transactions in the community will be very difficult, especially for those who live in rural areas whose infrastructure does not support crypto presence. So, paper money will still exist even though crypto is growing rapidly now.

It is not in china alone, even in my country. Everyone is gradually used to using phones for transfers; banks have even made it easier by providing codes that can make us use even phones that are not smartphones to make transfers so this makes it easier to pay for anything using a phone. I think the world is ready for cashless society because of it is really convenient and makes transaction faster. There are no much challenges with it and even though there are any, it would easily be conquered.

Without a doubt it is convenient, I'm not going to argue that but are you willing to sacrifice your freedom just to save a few seconds here and there? Because at that point the only thing that will save us from a total tyranny from the governments will be bitcoin and other cryptocurrencies that will allow us to make transactions that cannot be linked directly to our identity, our privacy is under attack from all fronts and yet people do not see it and a cashless society will be one of the worse things that could happen for those that care about their privacy.

The India government is taking the right steps in the right directions by making the society into a cashless society and into virtual currency and a financial system that try to do away with the old traditional method of transactions, am hoping that other countries will adopt the cashless system also.

Can you imagine that that was his last post of the OP in this forum? No warning and no opportunity to learn from his mistake. Most newbie had been victim to this they have not learnt their lessons. They are so careless and have read alot of them complain in other forum on their eviction. With respect to Cashless economy: Some of these digital monetary development are so good for countries with large population but we might need to investigate and prepare very well for its weaknesses

Right there are some place where people do not get that facility of the crypto-to payments,. People found crypto currency more effective investment because we can use it at the time of need to buy goods and we can save it for long term as well, but in my places crypto currency reduced the value of cash and it made our life so easy, we can pay, buy, sell and order anything so easily.\

maybe in India it's ready to use digital money but for some countries it's not ready to do it, there are many regions that don't know digital money because there are many reasons such as living in remote villages that have not been touched by electricity and the internet so maybe only a few countries are ready for the transformation of digital money.

A money-free system is good, but people still need some sort of criteria of values for equal exchange. the transition to cryptocurrency will not solve these issues, except that it will be complete and there will be nothing left in the country except cryptocurrency, but this is not possible.

The financial transformation of a country certainly takes a long time and must be supported by infrastructure and people's understanding of the new thing. I think there are still many people who have not been able to reach crypto because of their social and economic status. The comfortable habit of using paper money or fiat in fulfilling daily needs will be very difficult to eliminate.

According to me this is possible because there are so many countries that are investing and using only crypto currency now in those countries the need of fiat has become almost zero. We can buy with crypto we can invest with crypto than what we are using fiat for when we know it is danger to have so many fait in your pocket.

I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.

For developed countries, maybe the use of bitcoin is not a problem because the internet and education of its people have met the requirements, but this is very different when looking at conditions in developing countries or poor countries.
For now it is not possible to apply evenly in poor countries because the obstacles are too much. Still have to use fiat money for daily transactions. If you are forced to use bitcoin there will be many obstacles.

Those who are not accepting the reality of the crypto that money has become an optional choice for us, cash is less in use now but crypto is much more with time,. We are living now in digital era and for crypto currency is gradually reducing the value of cash, if we want to make good earning for our life better move with time and accept the reality now we are in cashless era.

Slowly yes. Especially the new generation who seem to be eager for new technology and would accept it with a whole heart. At this point there are still the majority of the population that grew up with the current system. The next generation may be more comfortable with using other alternatives.

A cashless economy is the most adopting feature in most of the countries after the Venezuela downtrend of the economy many citizens realised it is the digital economy that is more secure so they are turning up in for cryptocurrency

This is more common in developed countries, and even in northern european countries it has been started for a long time, and it would completely eliminate paper money for several years.

Cant say about other parts of the worlds but my Continent Europe has maximum cashless transactions. from marble stores to vegetables all you can buy electronically and pay electronically. We happen to withdraw physical cash may be once a month just to pay transport fees in villages.
In some parts of Ukrain you can even buy stuffs with bitcoins and litecoins, but these types of shops are available in limit.

Only countries that are far more advance and the state of their economy is somewhat stable would be the main candidate for experimenting cashless society.

But as far as developing nation, it's still hard for them to implement this, as they are still relying on the old and traditional way of barter or trading.

I think even for developed countries and there is an outstanding progress in the economy, living in a country without using cash, it is also really a problem for people in those countries because we can easily see, technology can be upgraded every day but transactions and some places still prefer cash, cash is the most convenient and popular. Typically as purchase some candy or buy harmburger, I don't think people like to use high technology for such small problems, cash still shows its usefulness, and people are still not ready to give up

Sad but true. Still many love or depend from using cash, even if cashless comes to be in full speed, still there are set of rules that must be made by government to insure that go smoothly. Small shops cannot accept plastic as payment, also some countries have rules about for what it can be used. Seen little strange situation they didnt give some person to buy cigarettes for credit/debit card payment only cash, they say this is house policy. Still some rules must be set for everything.

Reading the OP's statement contradicts the current status of bitcoin in India. If they want to have a cashless society, then integration of cryptocurrencies is one of the steps that they can look at. However, they are drafting laws to ban the usage of bitcoin in their country. So are they really ready for cashless society or are they not willing to accept the fact that cryptocurrencies are on the rise and they just have to regulate the usage but not to the point of banning it?

In order to transform India to a cashless society in a short period of time the government needs to show some kind of magic that could turn the multi millions of poor people into a society that could empower themselves, there is nothing wrong in having goals but you need to understand the situation of a country too while putting up goals, let the government built facilities to empower the lower facet of the society and then come up with goals, one thing i understand is that keeping everyone digitally tracked is easier than the trail left by paper currency and to have a better control over their citizens they might have come up with digital India rather than sorting their core issues   :P.

This is simply absurd. India, where a significant part of the population lives on the verge of poverty, the transition to non-cash payments will simply slow down its economic development. A significant proportion of people will not have access to these relatively high technologies for them and will be forced to switch to barter deals. This will have a bad effect on the country's economy, so such experiments will be harmful for India.

No definitely not.

There are approximately 70% people living in poverty and the definition of poverty is exceptionally not well enough for the people to be considered rich who are even up the poverty line.
You are not rich if you earn 1 dollar a day , trust me.
Due to Price inflation it is ridiculous how someone will go and get a bank account if they are not even sleeping with their tummies full
No we are not ready.

We need
 
Better education for everyone not just for the people who can afford

This way they will have a chance to actually make a living and get engaged with the cashless society.

Well i believe every inovation will takes time and we human will adjusted to the changes, so i do think eventhough we are not ready right now we are going to be okay when it comes. I do believe we are heading to cashless economy but still so many people not see as how we see it. If we talk about india i do think so many people are not ready and also they lack the goverment support in cryptocurrency. So i do think it will be hard to make india to use cryptocurrency for transactions cause there is no support and i do think it means lack of education for their citizens.

Back in 2015 I read in an article that Ecuador declared themselves as cashless currency economy. although I see the positive effect of going cashless there are also downside to this
and countries should consider it's citizens if they ever planned to go through this transformations. also in our current technology I doubt every society is ready for a cashless economy.

Exactly, how can they make cashless economy successful when most people in India aren't that educated. They can't even solve poverty in the country and now they are trying to pursue a cashless economy which I think will only be a failure. Having a cashless economy needs internet connection and all people are required to have a bank account and I don't think all people in India have bank accounts and I read in an article that internet in rural areas are very slow so I guess it's just a waste of time pushing something that isn't for everybody.

Only in large cities can you try to switch to the use of electronic and digital money. However, it seems to me that cash is still irreplaceable in some cases. In my opinion, people will always use paper money in their calculations. This is a very simple and quick type of financial means of payment, which is not tied to any technical devices that almost always cause certain difficulties.
As for India, here we can definitely say that it is still too early for this state to think about moving to a cashless society.

A cashless society is a dangerous idea since it will give banks way too much power.

You are right about one thing, many countries are not ready for this transformation, they simply don`t have technology to do that, but do you really think about this as some problem for advanced countries? It`s a race, and like in every race there is no time for looking back, you just run as fast as you for that first place.
Cashless economy is the future, one day all countries will be cashless, question is when and what kind of economy we will have in that future, blockchain based economy or banking system will continue to rule the world like they do all this time?

Even if the world would be ready for cashless society, we are definitely not ready for decentralized cashless society. Many still don't realize that once you lose the key it's impossible to retrieve your money. That's a lot easier with banks.

I think the current society is still heavily dependent on cash, which is a must and necessary thing for everyone. We can see that payment services via bank account and ATM card are very developed. However, cash still plays a small part in current payment methods. Therefore, the application of digital money into payment when it is not really popular is impossible. India is not too developed and modern as other countries in the world. So I think they need a long time to improve that

cashless and digital is one of the easiest way to track everybody and have the control about the people. i don't like in which way the govs going.. just imagine the next crash on banks and you can do nothing when the gov decides to freeze accounts...

Yes we are ready!!


But it will not going the way we use to think! 

The New Era is the Stablecoins what people Don't undestood is that the goal is not to end debt based fiat currency!! 


The goal is to end just the paper Money. 



Debt currency will existing for long and it will not going to nowhere!

Evidently that we are going in that direction. From some point paper money need to be used and most countries still use gold as backup for credits that they take from global monetary funds. We have crypto that most countries dont like (cuz they cannot control it), that can be used as replacement. Then we have some countries that are slowly reduce usage of cash and try for years to create this cashless society in some point. Read also few years ago that even some countries tried to adopt thereown crypto but project never seen light of the day. 

From all of this and probably many thing more that are using or considering using as cashless payment, on this I wont count payment card cuz its backed up with paper money. What remain is that in some point we will maybe see usage of something that will replace money, paper money. My first tough on this was something like in star trek series they were using credits and latinum bard.

Believe this is something that need to happen but like everything exact date is something to speculate.

This is quite difficult to happen. because it loses many important mechanisms such as central banks (always controlling the supply and demand of money every day) and fiat money is transparent.
for example, a country used with an electronic currency, it will be easily manipulated by many other countries.
If the currency of a country is defaulted to be stable, then printing money will occur regularly => money is completely lost.

in my opinion not ready yet especially for a third country. most of the people are not yet aware of technology, and the spread of the internet is not evenly distributed and there are still many people who do not understand digital money and then they also do not have adequate infrastructure to support cashless society. so I thought this would take a long time to be done.

The cashless or paperless money society is a revolutionary movement that will certainly happen in the future but for now, it still has some significance in the society. As digital currency in the form of mobile banking, visa, debit cards, cryptocurrency etc adoption grows gradually, the world nears the paperless money era.

Yes, not yet, crypto users are just 1% of the total population, so we cannot transform to cashless as we are still few who knows and adopt crypto, maybe when time comes that majority of people or a least 50% are already using it then it is possible, but not yet at the moment, too early for that, we still need few  years before it happen.

It would surely make a great improvement for India. We all know India is a very powerful and advanced country in terms of technology. Having crypto interfere with their monetary system would not be a hard thing to adjust for them. If ever, they would be the very first country that uses crypto or existed as a cashless society. Their economy might grow up to the roof or may fall down if ever things won't work well. We cannot really conclude anything yet but it would be a great help for the crypto community all over the world if India ends up being successful.

Indeed. I also think that it will be a great start to have such great improvement in making their country advanced in technology like Japan. There are still a lot of people in India who have not yet adopted cryptocurrency, so it will be a problem for them to be a cashless economy, but i think if a lot of people already adopted cryptocurrency in India they would not have any problem for being a cashless economy because even India is still a developing country they can still handle it, and it maybe the reason for them to make their economy grow.

India is not "very powerful" and "advanced" when it comes to technology, they are currently in the 44'th rank, not that bad but using the term "very" is not appropriate in my opinion, it may be, if India is Japan and China, because these countries are the real deal here. India's economy are growing fast indeed, you could tell it because they rise up their rankings in terms of technology from 48'th to 44'th, but still have a lot to go.

Yes Yes  ;D

Everybody is HAPPY to get chipped lol 😀

First we should make some other countries far ahead from the countries that is adopting this kind of culture in digital to follow because if we are continue to transform our whole economy, this countries might now follow and leave behind and they will never follow us adopting countries. We should balance first the countries to the rest of the world and then we might educate people on what we should something to transform. Communication is better idea for one country to another to have a good connection and helping each other to do something like this kind of transformation in economy and society.

every technological development certainly has a bad impact, I think in the future we can fix it slowly. now cash is more needed, but later it could be that cash is no longer relevant for its time. therefore some countries are already aiming at digital currencies

Moreover - every technological development was meet with a lot of scepticism at first and a lot more enjoyment later.
It will be fixed slowly, but surely.

It seems like whole european union feels positive about digital currencies and is going to build first big govs official coin/token. that'd be lovely to see

   We agree that society is heading to digital currencies, that is the future. Greatr has a point, some countries are far ahead. What
development countries do will spread to all other countries, like with everything else.
   Breathlessz it's true that people are skeptical about everything new, not just about technological development. Some people
are traditional, but they can do nothing about the rising tide, they can just slow it down, but they can stop it. It's like that
with crypto-currencies, some people are slowing down the progress, just that is the only thing they can do, nothing and no one can
stop the progress of crypto-currencies.

Transformation of a specific society into a cashless environment is possible, but, it will be hard to implement such changes because, not all people are capable of drastic changes. But the chance for it to succeed increases in time, as the world become more and more familiar with crypto currency.

What the hell the amount of people necro bumping this thread is ridiculous just because of this guy who bumped this thread first. I dont have anything to say about the topic i just can't hold my disappointment to see hero and sr members who tried to add up to the topic that was 10 months old. What a shame face palm.

Perhaps you're in the position of a bitcoin lover and giving positive status lines about it while you have forgotten the psychology of the society, the mentality of the government in managing and giving direction to the community. The government doesn't like bitcoin and people's minds aren't always progressive, just a fraction of people like to work with bitcoin, so bitcoin cannot eliminate cash, and society doesn't want to eliminate it when the demand for cash is still high, people are using it everyday in their lives, a big change will bring many negative

In no case can cryptocurrency destroy paper money, even if cryptocurrency is legalized in many countries, because paper money is very easy for society to use.  Such a situation can only happen if the company itself refuses to use paper money in favor of cryptocurrency.  But if we talk about the real use of cryptocurrency all over the world, then the time will come when the question will be raised about the destruction of the monopoly of fiat funds, because each person must make his own choice how he can pay his bills.

Society is far from the cashless transformation. People around the world are not digitally literate enough to pave the way for the transformation. Cards were the first step to make people go cashless, then digital wallet came into existence and then the cryptocurrencies. Though cryptocurrency isn't a big factor when it comes to cashless economy but can become one of banks and countries focus on it. It's more secure and transparent than any other payment mechanism.

That depends from country to country, there is no general answer and attitude.
More developed countries that are more digitized and with better digital skills of their citizens are on bigger level of readiness for cashless society and for overall technological and digital transformation. But don't forget that are still many people on this world that still don't have electricity and Internet and new technologies are science fiction for them.

Until now, seeing this issue being localized to our country seems so impossible there was so much things to put first than to prioritize this issue, and for me the intention is good though a centralized bank will cause cyber hacking and multiple times of cyber-robbery which I think would cost so much problem not just for the government but also for us, amd still my biggest vote will be for fiat or physical monetary exchange, for me it was really satisfying if we can touch the product of our labour more than just seeing it on a computer screen.

For now, people is not ready yet, there are so many things have to be fixed before going cashless. internet speed still needs to be improved, imagine when all things are ready for going cashless but the internet is slow or down. Some developed countries still depend on cash, China itself has a percentage of cashles transactions most in the world is still experiencing some issues, while 3rd countries need a long time to implement it.  I believe the countries that will succeed in implementing cashless is China with their Alipay and Wechatpay.

I do not think that the cashless economy will happen easily, there are many obstacles that still the bitcoin and the cryptocurrency should surpass. People are still not ready to accept bitcoin as payment due to their lack of knowledge. If they will choose between fiat and cryptocurrency they will still choose fiat because they got used to it.

I think the main key to the government, if the government has not legalized it, the people can not do much. whereas the government itself does not like the decentralized system because they cannot control it

Absolutely not, during demonetisation usage of ewallet increased but it has drastically decreased now. Major ewallet such as paytm are providing various offer and services to users but we still have cash dominant society . Reasons behind this is our black economy so we are still not prepared for it. I think govt should or a separate private should start a campaign to attract consumer to digital space then only we can step forward to cashless transformation.

I think not only India but also many countries that use cashless economy like Ukraine or China. Even China has created its own digital currency. India's use of a cashless economy, accepting payments in Bitcoin is praiseworthy. It marks the advancement of modern technology. Moreover, India is a small country but it thrives in digital currencies.

The case of black money for demonetization was a farce and it is debunked as most of the currency came back to the banking system, i am not a fan of cashless society either as the government will come up with a centralized system to control everyone and we are seeing glimses of it in Hong Kong where the funds are frozen for protesting and the Indian government shutting down Internet, so hell no to the transformation.  

What in the hell are you talking about, India is the 7th largest country in terms of land mass and have the second largest population in the world and how do you identity it as a small country  ::) . No it does not thrive in digital currencies either.

If businesses, services and commodities starts accepting crypto or bitcoin as payment then a cashless society isn't to far fetch. I've seen it in china where even homeless people uses online digital currency and ask for it in the streets. If we could transform countries just like china then a cashless society isn't only achievable in sci-fi movies.

I don’t think India is ready for a cashless society.
India, like most other countries, Speak of digitalizing their country like it is so easy. Especially when a huge part of their population needs a certain level of education to cope with the proposed cashless society.
It is possible. But not with the total eradication of paper money.
I am not even sure any country is ready for that.

It's too early to do that and it's too difficult because a lot of people in india does not know about crypto or about digital currency. Is India's extremely technologically advance to do that for that step? or all of people in india already know how it works? if not, then they are not that ready for that kind of transformation. they let their people make an decision that they don't want and they will be difficult to do.

The society is ready for the cashless economy because we all have the equipment that we need to do cashless transactions. We have a stable internet and we all have the smartphones which it can act as an all around tool for calls, text and also to scan barcodes from the different stores to pay for the stuff or services that we availed.

One big hindrance to make this possible is to make the internet widely used first, make a router and wifi access points all over the country because no one could possibly transact without the internet today. So with the cashless transaction to be possible, we should all have access to free wifi and internet. Or else, we will have countless problems concerning wages and transactions is emergency and urgently needed, but without means of making possible because of lacking internet connection.

I think that we are just open for this but we are not really ready yet for cashless society as not all people yet are ready for this, there were still a lot of people who has no idea what Bitcoin is, they don't even know what internet is and don't have any experience in operating a computer or doesn't have even cellphone , so it will take more years before it will happen.

This is the reason why offline transactions is in the topic in the past but I don't think it will be that easy. But I agree that the number one reason is the accessibility of the internet or the connection. With those people outside the range of connection, they can't access their wallet also they are so far from the development that is happening. We are still far from this and this proof says it all.

Many governments are being unrealistic about the cashless economy that they are trying to push on their population, there are countries that are very rich and have a very good distribution of their wealth that can in fact move to a cashless economy but in a country like India in which there are so many poor people that do not have access to electricity, do they really expect that people are going to use digital options instead of cash or something physical to exchange their goods? It doesn't really makes a lot of sense.

This is hard especially for those country that don't have enough knowledge about technology especially in mobile phone use. I think there's many need to be done to be cashless world like all people have own smart phones,  personal computer and als stable internet.  Many needs to develop and we will having a hard time to make this happen.

It is not the country but its people.

Just imagine if it was implemented that quickly and there are a lot of people who don't even know how to use it will be swindled by a lot of people. With that kind of payment system or monetary system, people who have no knowledge of it will be at loss. Another thing is that people having their own mobile phones, what more of their own PC, will be a problem since not all of the people can afford them.

It is still the country that needs to do a lot of work to make this transformation into a reality. It is not the people because they can learn how to cope up with this transformation once it is happening. The government can launch different programs like seminars to educate the people about the cashless system of the society.

Even in rich countries, poor and homeless people exit. If we talk about USA and China, both have poverty as well, both have homeless people. Apart from this, there are senior citizens who are not ready to get in complications of doing all online. They will never allow complete transformation to cashless society. The best thing is to give public both options and let them choose what they want to use.

India is a huge country with over a billion people and hence I don't think a truely cashless economy can be established here because many people even lack the gadgets and educations gor doing and storing such transactions. Much of the population is under poverty too!

A society without money has already existed in the past, obviously before money was invented.
Unfortunately bartering is a very uncomfortable way of making transactions.
If we talk about electronic money, we will probably get there, but it will be managed by the state and the banks. And it won't be crypto ... :(

The cashless economy is now a reality. People carry credit cards instead of carrying a lot of paper money in their pockets. In the next stage, they will only be able to shop with their phones. It is expected to become widespread only if the system is ready for the situation.

I think this is the trend in cities. They will save a lot of time on paying bills. That means their money will be used more thoroughly to pay. But in the countryside, not all poor people can own their own smartphone device or certain knowledge about cryptocurrencies. Moreover, the exchange rate of cryptocurrencies has an unstable exchange rate that makes people worried about owning them.
If the world wants to use cryptocurrencies completely, then they have to learn from China. They have deployed the wallet through Alipay, WeChat ... The world is absorbing that convenient point. They are currently trying to bring out their national cryptocurrency. I think that is their advantage compared to other countries in the world.

It is a trend that banks implement it in societies.
But they don't know that this is going to push more people in cryptocurrencies. Making the society cashless is going to promote cryptos more as an alternative to the cashless services that banks provide.

In my own opinion, the society is still not yet ready for us to become a fully cashless society, even there are already online wallets and credit cards because not every store in a country can accept digital currency as a payment method. There are still people who are not okay in using smartphones and other new devices, so it is impossible for everyone to become cashless.

It doesn't matter how good this sound might have bad influence. On this subject, we have countries far ahead of the rest of the world, but what can be downside of this project or attempt for others. That's what I mean. Those who live in the country where poor connectivity to the internet could stop payments, this is a major issue. Anyone can lose access to cash, it will be on such a large scale in this hacking that if you pay or not, no one will guarantee. So it's really important, probably yes in some cases, it's probably not safe, it's going to be good for everyone, most likely.

Our society is not yet ready to become cashless society, fiat currency have important role in our economy. Cryptocurrencies are good but still there are a lot of problems why adoption is slow. There are users saying fiat money is more convenient because they do not need internet or smartphones in order to transact. Old people do not easily understand also how the cryptocurrency works. It will take more years before we see that our society will become cashless.

hmmm .. this is really hard. India is a populous country but the poor are in the majority. That is why I am very concerned about this policy in their future. The poor also means that they have poor knowledge, so their exposure to modern technology and equipment limits their ability to use services. so I don't think it's a good idea or it can only exist in a few wealthy Indian cities.

Having a paperless transaction would definitely change the practices of our traditional ways which will surely make an impact to the old generation. India is a country that is well known for having an advance technology and it is much expected that they would be one of the first country to regulate the use of digital currency all over their territory. For other countries, I think that is so far from happening yet considering the legalization of different country within their regions.

It's already happening. In most developed countries they tend to choose cashless, digital transactions that are much more convenient than going door-to-door. It's already in action. Society is more than ready to take on a cashless or more precise, a fiat-less world. Now the problem is, I don't think bitcoin or cryptocurrencies are ready just yet to face the public. That's why we're stuck with cashless transactions still primarily based in cash.

Same thing happened in my country, Indonesia.
Centralized digital wallet is a thing here.
We have more than 10 digital wallet for cashless payment here right now.
The popular one is gopay, by gojek. It’s became popular because it used to pay service by gojek
Gojek has many service, like ride-hailing, food delivery, courier delivery service, and many more. Basicly they provide what your daily needs.
They also give us discount and cashback. It effectively boost the adoption of their service and digital wallet.

Back again with the question, is society ready for transformation?
I think it depends on the transition. If the society feel they are being forced to do it, they will not ready.
But if you can make the society change their habits to cashless because of the benefits and easiness, they will enjoy it.

I agree but it is obvious that is not what the government wants, it seems that they want to limit our options because they are afraid that if we are given the option of selecting a digital form of payment or cash we are going to use cash, and in all honesty if you give me the option I prefer to use cash because I do not want everything that I'm doing to be recorded even if I'm not doing anything wrong because I believe that we have a right to some privacy in this world.

Those government knows what is good and benefitial to the citizen but most of them just make propagander of it just to cajole the people. Of course everyone here knows achieving that is possible with crypto currency. It may only take a long time depending on their present development on digital world.
How long it will take will still depend on the response of the citizen on steady process the whole world can achieve it.

I believe that we are still far from an economic system in which there will be no cash equivalent, but now we can trust our future systems with unconditional basic income.
Now, it seems to me, the most important thing is to save mankind from the constant struggle for survival, and to set it more difficult and interesting tasks. For example, the fight against diseases such as cancer.

The government certainly wants to secure the country's economy to keep developing. and the response from the community is sometimes ignored to run the rules they make. but with the development of the world and having to follow it, I think the opportunity to legalize bitcoin is opened

I think this makes sense for populous countries like India and China.  Although there is a higher proportion of the poor population, I think that blockchain and crypto technology will create more opportunities to get richer for the poor.  because of those densely populated countries, wealth will not be enough to make everyone rich but for the crypto market is immense.  They have more jobs in this market and can make more money.  The cashless integration is a smart decision.

If the poverty in a country is high then the cashless economy will become useless because people will become clueless of how it works because they do not have the awareness of the new monetary system and they might get confused because of lack of education so it will be hard for them to understand and use it. Cashless economy is good for 1st world countries because the majority of the people there are working and can clearly use new technologies.

I think this is an example of an excellent state strategy. However, it is also important to understand that where the state is, there is not always freedom (even if we are talking about cryptocurrency). It seems to me ideal -  when the state simply creates conditions for people to which people can act on their own and be truly free.

Yes it is dependent on the people response. The more people get to know about this digital technology, its usage will increase, the more it get used its price will be higher and similarly it will benefit its users. The whole process depends upon the acceptance and usage by the people. By looking at the present situation it needs more time for the development.

 I feel like we are not exactly ready for now. Sure we are technologically ready, if we could do an overhaul of changes in the world we live in, technology exists enough to make the world a cashless society, not just in crypto sense but basically credit cards and debit cards, we are already living basically digitally when paying for stuff however there is still plenty of places that uses cash and thats why we can't become %100 cashless. However over time the world will go more and more digital and adoption for cashless stuff will become more and more and we will live in a cashless soceity for sure, its inevitable for something like that to happen, no way on earth we won't be cashless in few decades.

Easily.  The new working generation now has grown up with computers their whole lives.  As more and more people in the "pre computer" era retire the more we are going to be cashless.  There are already countless cashless versions out there....with crypto being the best solution  ;D

Going cashless is a good idea because it cares about the environment, no more paper and coins but theres a downside of going cashless and turn to cashless is electricity. As long as there a city that is having a hard time producing electricity this will remain a dream. Producing electricity is getting more expensive nowadays thats why power producers are turning to renewable energy however, you are hurting the environment with that.

True, there a lot of resources used to make paper money and coins.  Also there would be a labor savings with going digital at least physical labor would be reduced.

Actually everything has a good and bad side just like the cashless society.  Yes it is good for us cryptocurrency users because it can make our crypto more useful. On the other side lets think about people who dont know how to use internet or even those places who dont have electricity how can they access it.

I think the opposite, this doesn't make sense for countries like India and China, in order to go cashless then you need to go digital and you need that every single person in the country has access to a computer or to a smart phone and you also need that each one of them has access to electricity and to the Internet and we know that is not the case in those two countries, so what do they expect that the people that do not have access to the technology or to those services will do?

You correctly noticed the essence of the issue and its price. If we move to a cashless society, this will simultaneously mean total state control over the finances of citizens. Cash gives us complete freedom in their use. Cryptocurrency is controlled in part through exchanges and exchangers. A cashless society will be fully controlled by the authorities. Why do people want to hang this financial collar?

this idea is nice,there i lot of advantages like safe from pollution, safe from germ spread,safe from crowd, but this is not possible at every place, like in some villages there is no trend to use bank or any digital transection. so this idea is just suited for urban area

The idea is good but this time they are suffering from the very bad economic condition. so they should solve poverty and jobless problem

We are also promoting the same thing here in our Country. But only to some selective cities wherein people could easily adopt Cashless payments and everything digitally. Its not quite easy, especially to the older people who doesn't have knowledge in modern technology and those who are living in remote areas that are continuously using their traditional ways of securing funds and payments.I think the whole world is not so ready yet, and it would just more accessible in rich countries and cities. I believe that there's still a lot of uncivilized cities and the absence of internet, signal and technology are the main hindrance to practice this New normal ways of financial management. Maybe in the future.

I do not think the cashless policy is going to work in India. Developed countries like the USA, where the rate of illiteracy is low if not zero, still use the cash policy.
The government should be ready to accept that a project like will have slow adoption with the masses. A lot of the people are illiterate and semiliterate. Many can't even operate the computer system.
I however do believe that if the government remain persistent and pull their resources towards educating the citizens on the use of cashless policy, they will get to finally adopt the cashless policy.

I do not believe that the Indian government is capable of running a cashless economy program, because the reality is that it is not
that easy for a country to implement Cashless economy. Even big countries are still unable to run a cashless economy, because several
economic sectors still need it presence of cash money. I am sure the Indian government promises that these are only political traps
that are usually promised to the community.

Poverty is a problem in this world and I don't think we could solve it. As long as there are people in the extremes of the line of both sides, they will not go closer to the middle. I think they should focus on the problem with the unemployed even before hitting the main boss since it is an achievement you could use to fight against it. Then maybe just widening the availability of jobs, that would not just help people but the country as a whole.

Maybe it will takes a long time before it happens, there are more problems that should be given priority to focus on India. There are richer and developed countries but still not implemented cashless economy.  Maybe at this time it is not yet possible for India to adopt that kind of transformation.  But if they persevere and the majority continue and support the change they want, they may be able to do it gradually.

It is coming slowly in all countries around the world.
Just think of how many people was paying with their card for their purchases before 5 years.
Now even the elderly is paying with cards for their groceries with is a huge step toward cashless adoption.

well it is a must as we know that money can be a large possiblity of virus circulation..that is why in my country they encourage people to use cashless transaction such as using their electronic wallet or digital payments..

It can still be possible to use the traditional transaction like in malls that are accepting fiat or physical money. The only requirement needed is to observe the minimum health protocol to avoid getting the virus. This pandemic will going to end somehow but I do not know if when but it could end of course. Experts are already doing their best to make the cure and vaccine for this virus. I think China is already ready for phase 3 after russia announcing that they are already in the phase 3  trials. Western countries had also announced to proceed in phase 3 trials of their vaccine making.

I disagree. Not everybody in this world can afford or has the ability to become cashless or can used virtual money as a payment method such as credit/debit cards and mobile wallets. It's true that being cashless is convenient because you don't need to fall in long lines to buy goods and pay your bills. But when it comes to security, we are not completely sure if all of our funds are 100% safe and secured, that is why physical money cannot be replaced and virtual money will remain alternative payment.

This is a common global process that will drag on for many decades. The transition to using non-cash payments is very convenient, especially in urban areas. However, you should always remember that non-cash money is full control over your money by government agencies. Therefore, cash is also necessary and should not be completely abandoned. And it will hardly be possible to do this so quickly.

Certainly not in India, because I do not consider this country to be sufficiently developed. It is enough to watch videos about India, and it becomes clear how poor this country is.

The readiness of a certain country to adapt into shifting from the traditional way of doing payments which is using paper money going to cashless which is on digital manner depends upon the capacity of the country which relies on the advancement of technology they have and if the people is willing to use cashless instead of paper money. Here in my country we are both using cashless and paper money depending upon the need and the capacity of the certain individual to acquire the service. Going cashless is a pretty good idea specially we are trying it at this stage where pandemic is present and the usage of transacting through cashless mode of payment is advisable if you have the capacity to access the service. But for other people who still patronize using paper money, it is their own pick of choice so we just need to respect it.

With proper government intervention these services will be easier to use without cash and the effects of the epidemic will be overcome from the redistribution of tax revenue collected from the rich through the state and control over the supply of money it is possible to eliminate inequality to some extent by distributing the money earned by the government among the poor. Can give more help to the poor masses india has developed a cashless economy, only 2% of people are accustomed to digital transactions there is no internet service in all parts of the country.

I think technology is one thing to take into consideration when doing a switch into a cashless economy. But for a hole society to really stop using cash we also need to work on the abilities of elderly people to learn new things. The understanding of the Internet and digigil payment on particular is not really their for my grand parents. Even my parents are struggling to do online banking. They just prefer the human contact with bank personal, and want to get their money in physical form. Without a physical wallet most of the elderly people would feel naked.

It is still need a lot of adjustment in the part of the people. Not all are ready for the paperless or cashless economy. People needs to be educate regarding this matter. Anyway Cashless economy is better to transact easily and virus spreading of virus.

Being educated about the things related to a cashless society isn't enough, one must be capable of owning a device that can help them in their cashless transactions and let be honest that not everyone have devices or something maybe majority have device but still some people dont have it and if they will continue this thing and is implemented imagine the distance you made from people who can adapt to cashless society and from the people who can't, it will affect your society so i think before we think of those things we should take thing step by step, starting with educating them and setting a level where all people can adapt to it and then we can continue those kind of visions.

My opinion on this is that the cashless program can run more optimally if education is carried out equally, this also stems from social disparities. There are a lot of people out there who don't touch digital technology, so what about that person's fate? the graph of the person depends heavily on the social inequality in the country. I'm sure there are many here who want digital technology to continue to grow because it makes all our activities easier, but try to look at the other side.

not all countries are ready to adopt cashlessly, more education is needed so that citizens are willing to work together...

besides Korean films, I also often watch Chinese films from the WeTv application, and there I see life in China is already cashless, all transactions are done on the WeChat application and I see they really enjoy it.

I think government and the community as well are not yet ready to adopt this cashless economy. A lot of things to consider and to fix before it will begin to accept and use by everyone in different country. Although some other country started already the cashless economy but i don't think if it will last long or just an alternative at this time of pandemic to avoid spreading of virus and less contact.

is it related to covid? with the cashless procurement plan, one of the benefits is to reduce the potential for physical contact in India which is already at number 2 of the highest covid in the world ... but if they are to transform into a digital economy they are not ready in many aspects

I believe that in general, our society is not ready to completely switch to using only non-cash forms of payment. A certain part of the population will not want to part with paper money at all. When making small household transactions, they are sometimes the most convenient form of payment. And I don’t think it is necessary and expedient. Non-cash forms of payment will be fully monitored by governments and in this regard, this is their huge disadvantage. It is almost impossible to trace paper money. Therefore, do not get rid of paper money.

 Implementing a cashless society is not easy because not all people knows how to use latest technology that can be use for this cashless. There's a lot of adjustment and learning process specially those people that live in a remote area. Definitely, every country is no yet ready for this transformation except China and other country that already implemented it.

I have heard this thing about China. My teacher already live in China for years and she told us some things she have encountered in China. But comparing to my country, yes the city is possible to be the same but we have provinces. Most people in the province does not know how to use internet and in some places phones do not have signal for texting so what more to a internet connection. It is due to many trees and mountains blocking the signal.
I am not against to cashless society. It is a great solution to this virus but as of now, becoming cashless is not applicable to everybody.

Getting into a cashless community depends on the country's government and people if they are ready to adapt into the phase of changing or switching from the traditional to digital on which being cashless relies. Also, the concern for getting cashless depends on the resources needed to switch into the phase of the economy. If the country do not have enough resources to support getting cashless then, we can conclude that an economy is still not yet ready. Even if there is availability of resources but as long as people wanted to stick into the traditional way of doing payments and transactions, getting into cashless society is still not yet possible to make happen. The readiness of an economy to go cashless still relies on the demand of the people and their willingness to adapt on that economy that the modern technology has to offer.

I think there are still so many people around that are not ready for the cashless transformation. there are so many people that doesn't even know about crypto especially those who are living in mountainous place that is unreachable, however modern technology is slowly influencing the modern world there are many people that is now using atm and there are also people that use bitcoin. this is a sign that the  world is now slowly adapting cashless transformation but there are still many people that is not ready for this.

I love BITCOIN and other crypto currencies but this world i not ready for cashless society.
We need cash because this is not the future yet where everything run by computers.   
People who only know how to use cash need to be able to do.

Since the corona pandemic I have been using mostly my credit card for payments. In 80% of the stores I paid with cards, but there are still some small stores like the bakery where it's common to pay with cash. Also there are still some people in my country who have no bank  account or credit card. I think we will see a shift towards a cashless society more and more in the next year, but to completely stop using cash we are not ready yet. It's going to take some more time.

Same with me and in my country it is mostly credit card for payments.
Maybe if the corona pandemic will last longer, more people will be forced to use cashless payment methods.

I also use credit card for buying groceries.
Its more convenient for me and less hassle because the line for those who will pay cash and credit cards are different. But since the line for those who will use credit cards are few, its fast to get done. Nevertheless I think going cashless wont be easy to people who used to fiat, specially for small transactions like buying a portion of bread in small store.

In terms of conveniently, no wonder credit card is the most on top for cashless  transaction, especially we know that bitcoin is that popular for groceries or common stores. But in our situation now, physical distancing is utmost need, I think cashless--whatever form this may be- can help us a lot to prevent from getting virus. But to understand the small time business we need to consider, maybe exact amount will do and help you too away from the virus.

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But to be honest using bitcoin for small transaction will make your headache.

payment via credit card is still a favorite in the middle of this "PANDEMIC".  According to data, in my country transactions using credit cards increased 200% during this "PANDEMIC" period, but not only that, but payments via digital wallets also increased 200%.  This "PANDEMIC" seems to be directing all of us to change from old habits, in a few decades I think the world will have shifted to payment with digital wallets and no longer use cash fiat money..

Are you sure that society want this transformation? For some people cash is just enough

I'm not sure the whole society wants change especially for those who live in the village.  But what is called the demands of the digitalization era, whether you want it or not, the change will definitely happen.  For example, in fact, a marketing strategy, like it or not, a company must use a digital-based marketing strategy, even though there are still many SME whose human resources do not have the ability in their fields.  Cashless too, this transformation will happen sooner or later.

Economic constraints on cash already exist. People shop more on online commerce sites. Amazon, Alibaba, eBay ... many other websites are conducting transactions online. Everyone is satisfied with the quality as well as the delivery time. Most people pay by bank card or visa card.
In a pandemic, cashless priority is also an effective way to prevent the spread of the virus.

Yes, that's right, in cities, many people have reduced the use of cash and switched to cashless.  However, in my rural area, people are still dependent on cash because they don't really understand how to use an e wallet or use a debit / credit card.  Public readiness for cashless is not evenly distributed.

Rural areas are not a place with high economic activity. We need to see cities as places that generate more transactions and people are busier, internet shopping is the solution. Non-cash payment is the same.
In the countryside, it is still possible to make non-cash payments if the shop owners change the form of payment. I believe that people in the countryside also use mobile devices and they will prefer non-cash payments.

Not yet I guess, even though India's technology advances are really notable; that transformation is still not yet available since people are not fully knowledgeable about what could happen if they transition into being Cashless. It would still be good to do both Cashless and with Cash transactions since people might see that it would be better to do cashless since it would bring less hassle by carrying cash and the fear of being robbed.

I guess even an advanced country, it'll be difficult to implement a cashless society. The cashless society will take a lot of time before they implemented it. We need a new generation of people who is capable of understanding the advancement of technology, that's the time where they will implement the cashless society. Even a simple payment app is difficult for some people, what more if they implement a fully cashless system? it's not easy to handle.

It can only work for some develop country not some country that is trying to improve their economy. Any way cashless economy is very good because it can reduce all the risk of moving your money from one place to another for purchase.
I think with time some undevelop country will like to switch to cashless where you can buy what ever you want to buy without carry money for hand.
Some country like india, and china are into cashless in their country which the citizens are really enjoying right now.

However, if we talk about the readiness of the society, it should be more comprehensive, not differentiating between high and low economic activity.  Where there are financial transactions, all people can experience an even policy if cashless is implemented.

Not using cash is just one solution to solving economic problems. Like Bitcoin, it enables faster and low-cost cross-border transfers. Cashless will save more time and skip sorting, sorting cash, depositing money in the bank.
There is no way to eliminate cash because society has people who do not use mobile devices.

It's been more than 1 1/2 years since this post was created yet India is struggling in legality matters,after being declared as legal for
 crypto currencies,now they are back in this issue because there are topics that talks about banning Bitcoin again.

Anyway india is a great country that is looking for changes ,maybe not in this year but sooner cashless will be indeed,not
 only in India but the whole world.

A society would need to solve a lot of issues first before even trying to live as a cashless society. Digital payments would need technologies, and we all know a large chunk of people doesn't even own a phone, or doesn't even know how to use a one. It will tackle issues of internet, urbanizations, technological advancements, poverty, and etc. A lot would still choose holding a cash than something they could not even use in the local stores on a street. So if my country is targeting to be a cashless society in the future, they need to be able to provide things and technologies to the poorest of the poor, provide quality internet, provide educational tours to the rural, provide electricity to the farthest place who couldn't even reach a signal for a single text message.

So yup, in case of my country, we are not yet ready if these problems will not be solve, if they would push it, its great but make it slower. Adapt and let others have the ability to grasp to the changes. Give solutions to the problems they should prioritize first. They should not make fiat be forgotten cause some people can't afford to leave with cashless yet.

It will take a long way in our country as at places even basic facilities may lack . So using digital currency will take long years. Having said that but since now pandemic we will have various changes in system and using fainmay start getting reduce so this give chance of having more of digital payment .

Sure, cashless is now the trend, people prefer credit cards, electronic money, or pay with only QR codes. This trend is developing and spreading in Asian countries. China has used less cash since Alipay, Wechat .. was introduced. The neighboring countries of China are actively developing banking applications.
I find that not using cash has more incentives and saves a lot of things.

Yes, it is true. Using physical money is an ancient way and I think that one day cash payments will no longer be used, because using electronic payments is more efficient and easier to use.

Many are not aware that the cashless society campaign also poses an economic threat to many unaware countries. Cashless is known for its convenience and wide reach, if not put close attention, it can disrupt a country's economic growth.

For example, China makes an OBOR project in Maldives in the tourism sector. So China will make a one-stop vacation service there, starting from ticketing companies, tour and travel, hotels, restaurants, and souvenir centers and, of course, tour guides are also from China and don't forget that payment uses Alipay. You can imagine that even though Maldives tourism becomes crowded because of the arrival of tourists from China but very few return to Maldives, the economy is rotating in China because tourists pay by Alipay. China will only pay a small overhead in Maldives but in the end, China got more benefited than Maldives.

Refusal to use cash will not solve any problems, and even more so in a country like India. Even while high-income countries, in my opinion, are not yet ready to give up cash. In a relatively poor country like India, this will cause an economic collapse, people will return to the barter system of payments.
You shouldn't give up cash altogether. In some cases, this is the simplest and most convenient way of making payments. It should also be remembered that non-cash payments are easily tracked by states, only cash is almost impossible to track.

Certainly, that is why countries, organizations, and companies are racing to create wallets and force customers to pay through their payment channels.
In my country, too, the government prevents money from flowing back to China through payment apps from China and POS machines.

Sure thing that cashless would be efficient and easier to access for you don't need to carry heavy loads and crates to have a millions in your pocket. Instead, you will only need a card or electronic wallet that be accessed anytime anywhere. But having this concept of generalizing that doing this is better for everything, then that will be wrong, maybe for different scenarios, cashless would be better, and for some aren't. There are different countries in the world, and we can't just erase the fact that there is the difference between the developing and developed country. Cashless society in developing countries might hinder its growth, and might result for that country to sink deeper than before.

I think cashless economy is really a great convenience to all, but there are still people that is ignorant about cashless economy and how it works. Because at first our grandparents is really using fiat in a very long time, i believe  our grandparents belong to the people who are not ready for the cashless society. So then i can really say that not everyone is ready for the transformation maybe in the near future we can transform into cashless economy but not today it takes time.

That would be the problem. Some people especially elderly are not open or not aware on the new technology, e.g those application for payment system that is very convenient for users.

We cant transform completely to a cashless society, we need to consider others that cant adopt or unable to go with the flow to the new technology due to their status in life. For now lets just enjoy the benefits of using fiat and going cashless specially now that there's still a pandemic.

Its a great-advanced idea if the whole country could turn into cashless transactions. Well, some countries are already using this method to make everything more easier in life and it is necessary nowadays that we are facing with covid-19 crisis. I agree with this kind of method but I believe that not all the people can understand the way that digital technology works, especially the elderly. Traditional ways of managing finances will still remain, i guess. And I think, it can only be implemented to much digitalized countries with the fastest internet signal.

Not using cash in payment is the trend of the economy. In recent years, Asian countries have also followed this trend. Non-cash payments will have many advantages and many promotions.
Cashless payments also help prevent the spread of viruses during a pandemic. Non-cash payments also reduce costs to produce cash.

Well this question depends on what country you are dealing with and also there are still a lot of factors to be considered. FIAT represents each other countries local currencies they used in their countries. Coins and paper money represents FIAT and money in whatever part are you in the society, rich or poor. One I am worrying at are the poor, what happens to them if everything gets digital? Also psychologically people at all classes will need to slowly adapt the technologies we have today and for the incoming future.

Cashless society is indeed very possible in the future yet everything good needs time to develop. I believe overall that crypto and its underlying technology, BLOCKCHAIN will definitely change the world we live today!

Even in our country, due to this pandemic people start to switch in online payment. We believe that money is one of the most dirty thing here in earth because it goes to different hands and no one washes it so it is not impossible that virus may stick to it and pass it to people. Although online payment is still not possible to everyone because not eveyone knows how to transact online, if there is online payment I am doing it online. I can pay bills even though I did not go out of our house so the easier it is.

Yeah, for online payment only but it's not a key for implementing a cashless society. I mean, it's not enough because it's only for a used payment not in different kinds of transactions, especially on the huge businesses because they prefer actual money than digital money. Therefore, a cashless society is very impossible for now and we still lack different things like a good connection for unlimited access and transactions. Bills aren't safe because of the virus spreading around the world but most of the citizens prefer using this.

I also recommend as the mate said, do not copy and paste content because it is considered plagiarism.
In relation to the digital India program, it seems good to me, but like any process it takes time. The population must be educated and the Indian government must provide the technological infrastructure for the program to run smoothly. It should be an inclusive program where everyone can participate. As not everything is perfect, there will be some challenges that must be overcome so that the tools and technology reach everyone.

The society is ready and not ready at thesame time because, firstly you need to educate the people about the advantages of going cashless especially the developing countries where illiteracy is a big problem.

Yep, it will take a long process for our society to adapt the cashless system. We can't just accept that kind of new system if our people aren't educated enough to use it. Without knowledge, people can be abused. There are more things needed to be considered with this new system. Cashless Economy is a good thing amidst the covid-19 pandemic. Easy and safe transactions can be made in secured sites.