Electronic Money vs. Physical Money

[Creepings]

It's just like asking about Bitcoin Vs. Fiat and who would win between the two media of paying goods and services. Of course, they do have their own pros and cons since both of them are two different media. I should give my bet to E-Money but there is this advantage a Physical Money has that bitcoin doesn't have so for me, they're draw.

For me this depends on the people who are using bitcoin. Most of the users or investors will be voting more on Bitcoin than fiat since the fiat don't pump that easily even if you hold them for a lot of years, while bitcoin pumps unpredictably and gives profit to them. In terms of security, I will still go with the Electronic money since not all of the people, especially the strangers do not know how much I have unlike fiat where it can be calculated through your bank account and your salary.

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[sheenshane]

Digital currency will never replace money. It may come close at some point in the future, but the paper money currency we use is still very effective and a reliable method to keep track of money. The digital age may seem to make it easier to use credit cards, but in the end they still fail us. The paper currency will never make mistakes that credit card companies make today with loss of information at the hands of hackers and government officials.

You have a point there, it will never happen that the paper money replaced with digital money. Paper money is an old currency mostly used by now people especially for those people live in urban area it means no internet connections its impossible to replace our real money to digital money.
But IF it is happen it takes more time to adopt people digital money i think some country 30% people who was not involved internet connection. Its too early now to say that paper money replaced digital money.

[Vastraint]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

They both have different characteristics of becoming important. Electronic money/virtual currencies are most convenient to use when it comes on technology and it makes saving more lightweight through card, online wallet etc. While paper money gives inconvenience when it comes on savings. Paper money is acceptable everywhere as a form of payment while bitcoin is not since it is not well-known, or people are afraid because of it's so much volatility which is the opposite of physical money's characteristics. And we all knew they both have risk, that still depends on the users (us), but I think electronic money, bitcoin, or any crpytos, is more convenient to use in the future.

[FAB_coin]

crypto can be made physical and there are ways to avoid permanent loss when physical is lost.

[bitctrimor1]

Actually it's totally different,
even though its name was Cryptocurrency,we can not compare it to actual money aka Fiat.
if we want it to be considered as a 'real currency' we should have a physical form.
right now the best word to describe it is 'Electronic Payment' not 'Electronic Money'.
'Electronic payment' was a tool for people to help them send their money across the world,
it's just a tool and will never replace the real 'money' itself.

Good point. The two things, although similar in the aspect of being means of payment, it is different as well in may aspects. First off, talking about e-money, many people, especially the younger generations, would prefer that because it's convenient, and it's so easy to do. By just a mere click of a button or tap on your phone, you can make transactions everywhere and anywhere as long as there is internet. On the one had, traditional money is more of a reliable thing to use, you should note that not all countries are that open with using cards or e-currencies in transactions, and that's why money is still indispensable.

[jpoker272727]

Both are good in specific time and location.

[Casdinyard]

It's just like asking about Bitcoin Vs. Fiat and who would win between the two media of paying goods and services. Of course, they do have their own pros and cons since both of them are two different media. I should give my bet to E-Money but there is this advantage a Physical Money has that bitcoin doesn't have so for me, they're draw.

For me this depends on the people who are using bitcoin. Most of the users or investors will be voting more on Bitcoin than fiat since the fiat don't pump that easily even if you hold them for a lot of years, while bitcoin pumps unpredictably and gives profit to them. In terms of security, I will still go with the Electronic money since not all of the people, especially the strangers do not know how much I have unlike fiat where it can be calculated through your bank account and your salary.

Isn't great how the anonymity works with us? No one can know how much we have in our pocket and who owns the most coins. And having a digital money is also great as we can just walk in the street without worrying someone will stole your money and if your phone was stole you can still  recover your coins easily as it have a backup file.
The pros and cons of digital money versus fiat are the hindrances for full adoption of it and it surely take years and many talks to make it happen.

[Rhosadah]

There is a significant difference between banknotes in your bank account and Cryptocurrencies like Bitcoin. One of the biggest differences between the two is the bitcoin deflation attribute supported by 21 million capped currency inventories.many economists believe it is very useful because people know that there is little bitcoin, which causes people to save, and purchasing power usually increases.

[rhyoanime]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

physical money is the fixed currency of a country. while the digital currency is more to the asset of a project so it may not be equated

[Sled]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

physical money is the fixed currency of a country. while the digital currency is more to the asset of a project so it may not be equated

That is one of the difference of digital money and the physical money because most of the digital money that we know are assets like bitcoin where we can either use them to do some transactions or just put some money into it and make transactions with it. Physical money are still the best for me to do transaction for daily basis and most of the digital money are just for investment.

[Ellapots1234]

Better invest in crypto. They at least requires some work. In a case of fiat, they can be drawen easely.

people nowadays prefer physical money because it is still existing. and its the most known money today.
but as electronic money enter in, few people are starting to get interested with it. why? because they dont need to touch money, or hold it but they will just  scan something at that easy. people like everything to be easy and less hassle.

[jovs]

There are some differences between Electronic Money and physical Money. at first, I want to say that Electronic Money is totally dependent on the internet connection, on the other hand, Physical Money is not dependent on anything. Secondly, Electronic money is secure than physical money, because Electronic money is fully protected with your password. and Finally, Electronic Money is not available everywhere but physical Money is everywhere available. That's all the major difference between these two form of money.

Electronic money compares to physical money in terms of usage, availability and restrictions varies in many ways but not generally. There are some point that they are somewhat almost the same. Electronic money can be converted to physical money if you want to use it in a way where its restriction takes place. But in usual transactions like paying of bills, some form of purchases and money transfers, they are both usable.

[Kevondo]

Electronic Money definitely is the future currency, I foresee some countries will start implementing electronic money with base of bitcoin in next 10 years.

Some are even already thinking about creating their own cryptocurrency. Obviously, it is going to be centralized but one thing for sure is that, electronic money will end up being more useful in the long run. However, we cannot still rule out the fact that physical money will still always exist in the long run since not everyone will even be able or have enough infrastructures at their disposal to adopt electronic money.

Creating a new crypto currency will hardly help you in making something as there are already number of coins there in the world of crypto currency and people are putting their trust on them. Electronic money is a new form of currency with having lot more benefits over paper money. You can only use paper money for buying different sort of things or for paying your utility bills. While, electronic money is also a good way of earning more money too.

[dx_twisted]

Digital currency or electronic money is a type of monetary that is available in an intangible form and free from government regulation. One good example is Bitcoin, which purpose is to be an alternative payment method that oppose the use of credit and debit cards. With Bitcoin, your transactions are anonymous, instantaneous and secure rather using a bank card (credit and debit). Even if it does not compete with Physical money, that exists through physical forms such as bills, coins, checks and bank notes. It poses a threat to physical currency due to its ever growing value and the way things are being technological these days. However, only a small percentage of the world population are aware of this so called electronic money that most of them are hesitant to adapt the existence of a digital economy.

[Amme]

Both electronic and physical money can be hack or stolen. I think the best way is to protect your money either electronic or physical from hackers and thieves. Both can be used in investments and in buying products online.

Yes paper money and electronic money can be stoled. But I never dropped the electronic money from my pocket no electronic money took up any extra space in my pocket. It is now understood that the traditional money is very annoying to governments. Electronic money will take a very long time to spread to the public.

Both of them are currencies and paper money have has his own advantages and digital currency has his own because when there was no concept of bitcoin or any other crypto so people were using paper money and at that time people were very comfortable with that money but slowly time is change and every ting become digital and bitcoin is one of the example of it so now bitcoin have a lot a lot of qualities and people are enjoin it.

[superjeyy]

To start of, I think both aspects are used for the same purpose which means that they have the same functionality, however I think there are some attributes that they differ greatly. Physical money, or fiat, as you said is physically available and what we recognize as a currency. Everybody has access towards fiat as this is distributed accordingly, however, there are circumstances that we don’t receive the amount we fully deserve due to certain regulations that are observed nationwide. Electronic money on the other hand, is an anonymous currency that can be used for online transactions. Accessibility towards electronic money is dependent on a technological device and internet connection. In electronic money, you have financial freedom as you alone are in control of what you have; this is one of the aspects that makes electronic money more favorable and beneficial compared to fiat.

[Fantastic33]

There are lots of differences between bitcoin and physical money. Bitcoin is more on electronic, virtual currency, not cosidered as real money by banks and do not physically exist. While physical money exist in a form of paper or coins, regulated by the government,  and is considered as currency by banks. Also, bitcoin had only one value depending on its movement, while physical money have different value depending on the type of currency.

[Glorious04]

Both are good. As of now we cannot really set aside paper money. Though bitcoin is very good in some areas, for sure there are also disadvantages like you cannot buy something in a retail store using bitcoin, you cannot pay tip to a waiter using bitcoin for example while paper money do. Paper money do not earn much as bitcoin does, it cost much in sending or transfering it and it is more prone to thieves because you have to contain it in your wallet. Pocket.

[Xenoph0bia]

There are lots of differences between bitcoin and physical money. Bitcoin is more on electronic, virtual currency, not cosidered as real money by banks and do not physically exist. While physical money exist in a form of paper or coins, regulated by the government,  and is considered as currency by banks. Also, bitcoin had only one value depending on its movement, while physical money have different value depending on the type of currency.

Both of the money are useful in their respective ways.Though physical money is used by all the people of the world,electronic money is also gaining popularity all over the world.Electronic money is not possible for everyone to use as it requires internet connection which is not possible in every corner of the world.Physical money is possible is to use everywhere and anywhere.All the international transactions are made through physical money only.Physical money is under the control of the central bank and is stable.Electronic money is decentralised and very volatile.

[12tribes]

There are pros and cons for both currency types.
Digital money is decentralized but you need the internet to use it
Fiat or physical money does not require the internet but it is centralized and  as such domiciled at a place.