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Blackmet
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March 24, 2018, 08:54:28 PM |
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I don't think taht people would live better without cash. People like when they can feel value and result of their work insteed on seeing numbers on screen.
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Panchum
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Be Good to me!
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March 24, 2018, 09:02:25 PM |
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I know one day we will live in a cashless society because digital money is much more too use now in any transactions as payments and other electronic transaction. That the whole world will unite for bitcoin as a world currency because bitcoin now serves a financial assistance as a source of income.
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Eijrafarm
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March 24, 2018, 09:21:59 PM |
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Cashless society will be a problem for those who are not used to bitcoin and crypto even most of the people don't know the electronic money usage and most of the people are believe that crypto is not good for the future because it has no physical existence and other currencies like dollar people would like to use bitcoin instead of dollars and mostly the educated community come to this side.
Exactly, this is not an easy thing to implement since not all people do have knowledge in computer. It is hard to convince people who don't have knowledge in this matter. This could also be unfavorable to them. |
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tasrep
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March 24, 2018, 11:44:20 PM |
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With this card, the transaction gets faster and more accurate, plus is recorded automatically. Not only is practical use, electronic money also has an impact on economic rotation on a macro scale.
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Crypto-Court
Universal Cryptocurrency Platform
https://cryptocourt.online/ |
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JohnWick_Bitcoin
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March 24, 2018, 11:50:57 PM |
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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.  If different countries will accept bitcoins in their community then a cashless country might really happen in the future. There are different countries here in asia and not everyone of them are really accepting bitcoins so it will always depend on the government if they will legalize cryptocurrency or not. |
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PalindromemordnilaP
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March 25, 2018, 03:45:44 AM |
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This would be a dream. This is possible, but people are too much corrupted to accept this. There are too much greed and envy in the world. Nothing comes for free. If everything would be free we would have a cashless society.
This is surreal for me to think of it right now because there are still major drawbacks that bitcoin and the rest of cryptos should addressed before we can think of a cashless society. How are we going to use them if we are offline? How about the poor, the needy, and the less opportune? It's really hard to imagine how they can adapt the blockchain technology. |
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EnricoGomez
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March 25, 2018, 05:17:32 AM |
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It may be possible in the future but having a cashless society and using bitcoin as a replacement for paper money now may be quite impossible.
In using bitcoin, Internet and devices are needed of course - though it is guaranteed not everyone has them. Not all people ha s knowledge of bitcoin too or even the interest of learning what bitcoin is.
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Binugon
Jr. Member
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Merit: 1
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March 25, 2018, 05:59:34 AM |
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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. which I think is actually a very fearful advancement, when there is no more physical money to pay, I think the country's physical currency will be lost and no value anymore, whereas the currency is the hallmark of every country |
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Mapagmahal
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March 25, 2018, 06:43:08 AM |
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Having a cashless society is good but i don't think it will happen quickly in the following years. I wonder if some countries will accept it although some of the countries have cashless trasaction by using digital money like debit or credit card or any mode of payments that accept non cash transaction because in our country there are services than you can use to perform cashless payment. Your idea is great and maybe it will be implemented but not too soon and it's up to the government if they accept blockchain technology for payment system.
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i use to be a hunter
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TitanGEL
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March 25, 2018, 06:49:04 AM |
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The cashless society will really happen if most of the people will prefer to use digital money than fiat money. If the bitcoin gained so much power, there is a big possibility that the bitcoin can replace the fiat money.
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jackky
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Merit: 10
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March 25, 2018, 06:49:50 AM |
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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. Cash has been around long before the arrival of modern digital coins and technology as we can now see the world is growing and nowadays the digital money has been significantly improved and may no longer be available in cash and replaced in full. |
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pinoyden
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March 25, 2018, 06:50:49 AM |
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Having a cashless society is good but i don't think it will happen quickly in the following years. I wonder if some countries will accept it although some of the countries have cashless trasaction by using digital money like debit or credit card or any mode of payments that accept non cash transaction because in our country there are services than you can use to perform cashless payment. Your idea is great and maybe it will be implemented but not too soon and it's up to the government if they accept blockchain technology for payment system.
cashless society is now possible in majority of countries including also in my country because most business establishments here are now using a bitcoin in order to pay and receive money from other people. I find it verry amusing to witness this kind of inovation because bitcoin is indeed verry helpful and can always make our lifes more easier when compared to the usuall payment transaction that uses a money or cash. for sure fewer countries will also follow these improvements because this idea can greatly improve our economy. |
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johnalyn
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March 25, 2018, 07:32:15 AM |
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Is it possible when government will agree of doing it in a country and can really happened when it is legalized it is also a good way of making it a cashless society for almost few years ago it can make some good opportunity to other people to know how better is a online currency works in a cashless society.
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Izalcomax
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March 25, 2018, 08:09:18 AM |
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With e-commerce now is everywhere, i think we are going close to the cashless society now We are all have the experiences with debit & credit card tho  |
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nebuch
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Merit: 11
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March 25, 2018, 08:28:52 AM |
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Cashless society wasn't clear in my mind right now because I see it tremendous problem at it's first welcome in the reality world. Changes of bank accounts can happen, changes of phones can happen, changes of identity can happen in first quarter is very challenging coz people around the world manage money of hands not on just a digital uses although we see it now that more people wants new ways of money on the banks and atm. People increase their care on how to make money safer from stealers. Possible that cashless will happen in the future if the people push it!
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setialovers
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March 25, 2018, 08:37:21 AM |
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I am believe that technology should be adapted. With technology, cashless society will more easy because with technology right now, we can transfer and doing transaction with people around the world instantly. Technology will helping people to reach their dream and helping people work more fast and secure
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paul gatt
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March 25, 2018, 09:42:28 AM |
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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. This can not happen. Society can not afford to have no money. Although there are many areas that can pay, transfer through bank, ATM or transfer to bitcoin account. But all living expenses are indispensable in daily life. That is very necessary, you go to a market you do not card with your bank card to pay for the seller of vegetables, selling fish, selling meat ... So life is indispensable cash. |
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Etherlevis128
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March 25, 2018, 09:49:52 AM |
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It may be possible in the future but having a cashless society and using bitcoin as a replacement for paper money now may be quite impossible.
In using bitcoin, Internet and devices are needed of course - though it is guaranteed not everyone has them. Not all people ha s knowledge of bitcoin too or even the interest of learning what bitcoin is.
Yeah its hard to happen in near future. World is not yet ready for a cashless world or society. And what makes you think that banks are threatened by Bitcoin? Do you think business owners will trust their Bitcoin Wallets to secure their Billions worth of assets? I don't think so. A cashless society does not depend on businesses but our government as well. Even if Bitcoin becomes a popular cryptocurrency in the world I think the best thing it can do is become one of the payment systems. |
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Dragon5
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March 25, 2018, 01:17:24 PM |
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Many economists have been talking about "rotten" fiat money for about 20 years. They claim paper money is the real evil, enabling avoiding taxes, money laundering and payments in illegal deals. Paper banknotes are really anonymous and are accepted everywhere. So, actually to reduce that negative impact we have to think about digital transactions
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Gheka
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March 25, 2018, 01:36:31 PM |
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The cashless society will really happen if most of the people will prefer to use digital money than fiat money. If the bitcoin gained so much power, there is a big possibility that the bitcoin can replace the fiat money.
Bitcoin is not capable of replacing cash when the government does not allow it and the value of bitcoin is also unstable during the transaction, it can not become a currency used in real life, but perhaps it will create the foundation for a society without cash. The cashless society will come to us in the future because people always ask for better and better things in life, especially the young people, they gradually use more technology, instead of using what belongs to traditional, that proves that the era of cash will end but probably will need a long time when this is a huge change in history |
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