Cashless society

[jbarcenas18]

Since we are now in millennial time, I agree with cashless society cause it is very much secure not to bring cash especially robbers are rampant so we are not giving them motive to do criminal act.

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[Abiky]

A society without cash. All we do is be dependent on cards, virtual ids and internet. This would be a technologically inspired motif. Wherein we can actually notice the rise of technology and the things to buy doesn't need physical money. You don't need to go out to buy. This would be amazing.

Yes. A cashless society would change the world for the better. You won't need to carry with physical cash, or cards with you, as digital money can be stored in virtually any device or storage medium. This makes it a convenient way to buy stuff at stores without hassles. Of course, it would take some time for people to get used to cashless payments, but I believe that it shouldn't take long before they realize the true potential of cryptocurrencies as a form of payment.

The same way, people use cards to buy stuff in stores, it will be with cryptocurrencies where they would only carry with their smartphone or tablet device containing "x" amount of a specific cryptocurrency.

Most recently, governments have paid attention to blockchain technology, and some central banks have started to test their own digital currency solutions. Once it becomes a reality in the mainstream world, then we might see a cashless society where you can pay to anyone anywhere in the world using your country's digital fiat currency. That way, costs would be reduced and there would be no need to print money ever again. Just my opinion.

[azguard]

A society without cash. All we do is be dependent on cards, virtual ids and internet. This would be a technologically inspired motif. Wherein we can actually notice the rise of technology and the things to buy doesn't need physical money. You don't need to go out to buy. This would be amazing.

Yes. A cashless society would change the world for the better. You won't need to carry with physical cash, or cards with you, as digital money can be stored in virtually any device or storage medium. This makes it a convenient way to buy stuff at stores without hassles. Of course, it would take some time for people to get used to cashless payments, but I believe that it shouldn't take long before they realize the true potential of cryptocurrencies as a form of payment.

The same way, people use cards to buy stuff in stores, it will be with cryptocurrencies where they would only carry with their smartphone or tablet device containing "x" amount of a specific cryptocurrency.

Most recently, governments have paid attention to blockchain technology, and some central banks have started to test their own digital currency solutions. Once it becomes a reality in the mainstream world, then we might see a cashless society where you can pay to anyone anywhere in the world using your country's digital fiat currency. That way, costs would be reduced and there would be no need to print money ever again. Just my opinion.

Yea keeping something on device can be good thing. We all have smart phones and this can be good for anyone to take this seriosly, but most important is to government to accept this and to try to implement this technology in every day usage.

This could be good for all if this someday comes to life, and like you said printing for fiat wont be necessary anymore we would keep green enviroment.

[Loveydovey04]

It will return to the era of no money . Everything in circulations are just objects. Changing food for clothing or clothing for food. But i think that could be hard. So i think people will think o ways to produce something that would represent value like coins or gold or whatever. If they want something in the store they will wxchange it for something. But i know it is nit what you meant. Cashless shoppings and restaurants also are on trend because of credit cards or visa cards.

[Godric-Gryffindor]

Yes and it will indeed help countries economy as we as a consumer and those who is a sellers are experiencing more secure, worry free  and faster transaction, we all witness it now as more and more are accepting new age means of payment

[xandra]

Maybe it will happen because we are in the high technology era some countries adapting cashless society but in some point i know there are some countries will still used cash as their mode of payments.

[Esiunin]

    But there is another, sinister and deep motive in order to force people to give up cash. The non-cash economy allows the government to fully control your money in the bank. The government can introduce a negative interest rate, like in Japan, and in this way receive money from accounts without any problems.
    In modern society it is almost impossible to exist and function without a bank account or credit card. But in the non-cash community you are completely financially rejected - thrown to the mercy of fate, as a non-citizen without a personality.

[Kulafu]

It convenient but it will affect a lot of businesses as well. one it is banking and other businesses pertain to money management.
If the cashless society will be embraced by the government the banking business will be dissolves.
No need to hide your money in the bank just save it a nano wallet or any other wallets.

[androidr]

Making a cashless society is the long-term goal of every country to make it's country cashless and paperless, maybe bitcoin help them to achieve this goal faster as it has everything if they allow it's existence as a currency. If they are able to control its anonymous transactions, which they can, then bitcoin could be the future currency of the world and not only for a particular country.

[Yzhel]

Making a cashless society is the long-term goal of every country to make it's country cashless and paperless, maybe bitcoin help them to achieve this goal faster as it has everything if they allow it's existence as a currency. If they are able to control its anonymous transactions, which they can, then bitcoin could be the future currency of the world and not only for a particular country.

Maybe it will take a decade for that goal or mission to become cashless society to happen, I hope that bitcoin will be the way for the cashless society to become possible and hope that we are still alive when it happens where every transaction requires technology it is so high tech and can't wait for that to happen.

[Theb]

Making a cashless society is the long-term goal of every country to make it's country cashless and paperless, maybe bitcoin help them to achieve this goal faster as it has everything if they allow it's existence as a currency. If they are able to control its anonymous transactions, which they can, then bitcoin could be the future currency of the world and not only for a particular country.

Maybe it will take a decade for that goal or mission to become cashless society to happen, I hope that bitcoin will be the way for the cashless society to become possible and hope that we are still alive when it happens where every transaction requires technology it is so high tech and can't wait for that to happen.

Do we really need to focus on making our country a cashless society? That we need to dedicate a decade of adoption in order to have a full transition to it? Because in my perspective I don't think so there are still many issues that a government need to answer and be solved in order for us to take care other less important things such as these one. There are still a lot of countries who have many citizens who are earning less than what they need for their family to have a good and sustainable life, shouldn't it be the first thing we need to focus on first?

[agirlbtw]

Have you ever wondered how would the world's economy be like in the future as a cashless society?

Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.

If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.

Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.

Nevertheless, I would like to know your opinion about this. 

It is very possible for society to no longer use its cash. Now, in countries like China, it is common to use virtual currency as the currency for common commodities. Bitcoin It is the currency that dominates the world  time Not for long

[newwest]

Have you ever wondered how would the world's economy be like in the future as a cashless society?

Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.

If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.

Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.

Nevertheless, I would like to know your opinion about this. 

It is very possible for society to no longer use its cash. Now, in countries like China, it is common to use virtual currency as the currency for common commodities. Bitcoin It is the currency that dominates the world  time Not for long

It is very difficult for the countries with the larger population and which are developing ones because their rural ares now also do not receive proper electricity or do not have better infrastructure like roads, highways etc. thus you can imagine that going cashless is just a dream and not at all feasible for years to come as people do not get their basic needs to live.

[Omega Weapon]

It is a good idea, if the society does not have cash, we only use the digital currency  managed by the goverments, the society will reduce the plunder situation, .. all the transactions are recorded and will be no cheating in the business. I think it is very difficult to do this because many people still do not know how to use smart phones and other technologies.

What you are talking about is precisely what bitcoin is trying to avoid, it is true that everything is recorded in the blockchain, but you are not required to reveal your identity if you do not want, and you can use bitcoin as a way to move your money without having to go through the fiat system, this is why governments are against it since bitcoin reduces the control they have over their citizens.

[heleng05]

I think it is a good idea but if think those people who doesn't know what is bitcoin and don't even know how it works, we can't legalized it and I think it is hard to make because of their own currency.

[gredisgold88]

It is a good idea, if the society does not have cash, we only use the digital currency  managed by the goverments, the society will reduce the plunder situation, .. all the transactions are recorded and will be no cheating in the business. I think it is very difficult to do this because many people still do not know how to use smart phones and other technologies.

What you are talking about is precisely what bitcoin is trying to avoid, it is true that everything is recorded in the blockchain, but you are not required to reveal your identity if you do not want, and you can use bitcoin as a way to move your money without having to go through the fiat system, this is why governments are against it since bitcoin reduces the control they have over their citizens.

no, why the government forbids bitcoin? , government identifies bitcoin can be a scam and most convenient place for money laundering. if government has problems with remittances, how with fastpay, paypal or nettelar? . this is not a matter bitcoin transactions with fiat money, but bitcoin and cryptocurrency can be used for unnecessary criminal acts . and possibly some employees government use cryptocurrency for money laundering?

[fanBit101]

I think it is a good idea but if think those people who doesn't know what is bitcoin and don't even know how it works, we can't legalized it and I think it is hard to make because of their own currency.

Now in my country, people are moving to online mobile banking instead of cash. I think the future will not use cash anymore and replace it with crypto.

[arrivabazza]

Blockchain is the first step for a cashless society. A public transparent ledger which is not controlled by any entity cannot damage or help any given country, still, cashless is a very abstract term to imagine in the today's world. How could you buy drugs or perform any illegal transaction? If something is applied to everyone privacy is lost too. You can control your cash, even in huge amounts if you are smart, you can do the same with your Bitcoin but just because no one else is looking at your transactions.

[Tapyaks72]

It is a good idea, if the society does not have cash, we only use the digital currency  managed by the goverments, the society will reduce the plunder situation, .. all the transactions are recorded and will be no cheating in the business. I think it is very difficult to do this because many people still do not know how to use smart phones and other technologies.

What you are talking about is precisely what bitcoin is trying to avoid, it is true that everything is recorded in the blockchain, but you are not required to reveal your identity if you do not want, and you can use bitcoin as a way to move your money without having to go through the fiat system, this is why governments are against it since bitcoin reduces the control they have over their citizens.

no, why the government forbids bitcoin? , government identifies bitcoin can be a scam and most convenient place for money laundering. if government has problems with remittances, how with fastpay, paypal or nettelar? . this is not a matter bitcoin transactions with fiat money, but bitcoin and cryptocurrency can be used for unnecessary criminal acts . and possibly some employees government use cryptocurrency for money laundering?

We like it or not we are heading toward cashless society blockchain technology is another thing that the government to look up because how the government how to regulate due it's nature of anonymous how can the government protect the investors againts scam and how can we claim againts them even the creator of this dont assume responsibilities because it is still anonymous.

[deppil]

Making a cashless society is the long-term goal of every country to make it's country cashless and paperless, maybe bitcoin help them to achieve this goal faster as it has everything if they allow it's existence as a currency. If they are able to control its anonymous transactions, which they can, then bitcoin could be the future currency of the world and not only for a particular country.

Maybe it will take a decade for that goal or mission to become cashless society to happen, I hope that bitcoin will be the way for the cashless society to become possible and hope that we are still alive when it happens where every transaction requires technology it is so high tech and can't wait for that to happen.

yeah it takes a long time for cashless society to happen. it may take several decades because you know that people in different parts of the world do not really understand about technology. so cashless will not be applicable to them but the generation below us is getting to know the technology so this will take time until cashless can happen but I think even if cashless happens does not mean everyone will use bitcoin