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Author Topic: Electronic Money vs. Physical Money  (Read 9478 times)
Clyvizcarra
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April 05, 2018, 08:49:20 PM
 #901

For me electronic money is a alternative solution to have a physical money. Physical money is much more valuable than electronic money, because electronic money can be disappear anytime, but physical money don’t.
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April 05, 2018, 09:10:10 PM
 #902

electronic money is now very easy for everyone because it is not necessary to carry money that has a burden if the amount is not much like electronic money is not shaped but also has value so that makes it easier for everyone of course

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April 05, 2018, 09:23:29 PM
 #903

electronic money is now very easy for everyone because it is not necessary to carry money that has a burden if the amount is not much like electronic money is not shaped but also has value so that makes it easier for everyone of course
Electronic money is online or digital money as like bitcoin and its use for those people who work in online job and shopping but physical money is paper money and its use with hand by hand as like physical work or business and shopping, so both are very important because use in everywhere but bitcoin is very good because its high price is very important and that's why it cannot stole by thief, so you can get best profit and you can also use it everywhere in worldwide, so it has many more benefits than real money or physical money.

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April 05, 2018, 09:28:12 PM
 #904

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.  Wink Smiley
Bitcoin is a peer to peer currency it means we don't need a paper money in bitcoin you just need a wallet to put your bitcoin. In bitcoin is much easy to pay some things we need because some store are accepting bitcoin as payment even we don't halve paper money in our pocket there's a bitcoin to help. Physical money is that we use already that is our country currency we use it buy things too but not easy to earn the physical money.

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April 05, 2018, 09:31:17 PM
 #905

electronic money ?? what does it mean? this is a crypto money.  electronic money mean is virtual. crypto money is a real money.

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April 09, 2018, 03:54:25 PM
 #906

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.  Wink Smiley
Bitcoin is a peer to peer currency it means we don't need a paper money in bitcoin you just need a wallet to put your bitcoin. In bitcoin is much easy to pay some things we need because some store are accepting bitcoin as payment even we don't halve paper money in our pocket there's a bitcoin to help. Physical money is that we use already that is our country currency we use it buy things too but not easy to earn the physical money.
in my current state that applies also only fiat currency, where cryptocurrency is prohibited for transaction. but it is permitted to earn btc and in the end must be exchanged to fiat if to buy something
Redspallow90
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April 09, 2018, 04:36:40 PM
 #907

although it has a very different difference
both have the same utility, it's just how to use it differently
from each difference if we want to shop online electronic money is definitely better to use
and if you want to spend real money on the market for example, the money we use normally will be better to use
both have their respective advantages and also their respective risks
it all depends on your will as a user Grin Grin
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April 09, 2018, 05:55:50 PM
 #908

If i have to choose From these two then i would go for electronic money.reason is only that we all know, now a days world is changing towards internet and everything goes online. People do not want to carry cash with themselves, they rather prefer Credit card, debit card or E- Wallets. I think paper will be disappeared.

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April 09, 2018, 06:01:40 PM
 #909

Electronic money for me is the future cause technology will be developing and having some money in pocket will be first of all not safe and second for example slower to buy something than just via internet.
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April 10, 2018, 11:30:52 AM
 #910

E-money can compare to credit cards. That is not tangible but it has value. It just like transactions are being done through internet. So the difference is that we cannot touch e-money because it is intangible. But the buying power will be the same as physical money.
I think having physical money is more better because we can able to use physical money everywhere, and all people needs in this world is physical money, and  for me even in the future many people in this world is we will still choose to have and to use physical money over than electronic money.
Electronic money is virtual or cryptocurrency that is using with the help of internet and called as digital currency while physical money is the money you can feel and see that is the old system of making payments but now crypto currency is using due to the easiness it has brought for people.

If I transact through Bitcoin and you transact through bank the same amount then your receiver will get less and my receiver will get more than yours then would you like to transact through Bitcoin in future?
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April 10, 2018, 11:44:01 AM
 #911

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.  Wink Smiley

The different thing between physical money with bitcoin or cryptocurrency is on who control it. As we know, fiat money controlled by central bank, from supply and value but bitcoin is decentralized currency and no one institution can control and have limited supply

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April 10, 2018, 11:49:23 PM
Last edit: April 11, 2018, 12:19:59 AM by bitllionaire
 #912

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.  Wink Smiley

The different thing between physical money with bitcoin or cryptocurrency is on who control it. As we know, fiat money controlled by central bank, from supply and value but bitcoin is decentralized currency and no one institution can control and have limited supply
The use of electronic money is now increasing, in fact people now like to do shopping throughout the world and that is only possible if you know the use of online currency, for example using bitcoin you can purchase anything in any online shop who are accepting bitcoin. In fact there are a lot of online shops who are accepting bitcoin for shopping in their store so it is more easy to use bitcoin without changing it into any other currency for shopping there. .
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April 11, 2018, 12:29:44 AM
 #913

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.

Definitely the two was so much different to each other,when we say electronic money or much defined as money store  it is used making transactions by the helped of the internet and it won't demand bank account settlement while physical money from the word physical it can be touch and feel it. Mostly cash used by everybody for buying and paying their bills as we all knew that not all people using the digital or electronic money.
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April 11, 2018, 12:37:24 AM
 #914

Electronic money demands an internet connection to access it but it is very profitable and has a huge value.
Physical money is the one we are using to transact in everything and does not demand the access of internet but it has a lower value than electronic money, hence no matter what we are using it gives us the WILL to buy everything if we have a lot of money.

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April 11, 2018, 12:42:29 AM
 #915

if I think bitcoin is not electronic money, electronic money is called E-money in terms of unnecessary internet network access. This electronic money can be used to transact through telecommunication equipment until in the form of cards.

Electronic money is different with cryptocurrency and thats true. Right now, many digital money but its not cryptocurrency because digital money still controlled by central bank.

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April 11, 2018, 12:46:21 AM
 #916

First of all, money is something that can be used to pay for goods or repay debts, and these are physical items. The world has been using money in its physical form, and the electronic system was just a way to fasten up and make things easier, so instead of taking money physically from place to place, you can just pay it into the bank and control it electronically. So, I think we need the two types.
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April 11, 2018, 12:57:45 AM
 #917

digital money or we can mention it digital currency could help to resolve phsycal money tranfer.we know that tranfering psycal money needs more time.and we bring in big amount its to risky.so digital help to resolve this problems.
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April 11, 2018, 01:05:01 AM
 #918

In my opinion, Electronic money are those kind of money which we use digitally and physical money means is the real money which is used hand by hand. According to using purpose electronic money is lot easier than physical money. For buying online stuffs and bank transaction electronic money provide better and faster service than physical money. But those place where no Internet connection present or when Internet goes down then physical money will play role of saviour. You can use electronic money by using different smart phone application or you can also use Atm for Electronic money and in the case of real money Western Union like various way present.
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April 11, 2018, 01:29:37 AM
 #919

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.  Wink Smiley
They are equally valuable, the difference may lie in the regulation, so you can hardly find a place that receives bitcoin as a means of payment, yes indeed for those who do not know bitcoin will be hard to understand but maybe by reading articles and sharing you will know the benefits that only exist on bitcoin.

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April 11, 2018, 07:03:50 AM
 #920

Until now, cash is still a favorite of people to make transactions, from traditional markets to modern markets.

Both are needed in our lives because with physical money, we can easily pay for the goods, because if we do not have the internet then we can use our physical money to pay for the goods. The difference between electronic money and physical money, want to say that electronic money really depends on the internet, which is also very secure cryptocurrency.
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