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Author Topic: Electronic Money vs. Physical Money  (Read 9031 times)
bilyboy
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April 11, 2018, 12:46:21 AM
 #921

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
 #922

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
 #923

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
 #924

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
 #925

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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April 11, 2018, 08:10:09 AM
 #926

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

Both currency has pro's and con's depending on where you are planning to use it. The price of bitcoins is very good for long term investment today because the market is volatile and that is the reason why there are a lot of people who prefers trading in the market more than working in the corporate world.

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April 11, 2018, 08:29:10 AM
 #927

Many are still confused, not knowledgeable even, about bitcoin. I too is still learning about BTC and cryptocurrencies. I think, people need to embrace BTC before they will truly understand the difference between the electronic money from the physical money that we've been using ever since.

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April 11, 2018, 08:41:35 AM
 #928

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

Electronic money and Physical money have pros and cons. Electronic money is a big help to transfer or send funds to your loved ones or to buy online whether is it goods, gadgets or food. But in our daily lives we still need to hold physical money for transportation and other immediate needs because not all the time they are civilized and modern as you.

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April 11, 2018, 09:01:07 AM
 #929

In my opinion the difference between physical to E-money is in physical money you are sure that it will never pop and blows like a bubble and it will never dump its price unlike E-money and the good one about the E-money is you can pay bills send money easily like sending text massages and E-money is new platform of investment one of that is Bitcoin a very well known E-money or also called as crypto currency.
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April 11, 2018, 09:01:44 AM
 #930

Electronic Money definitely is the future currency, I foresee some countries will start implementing electronic money with base of bitcoin in next 10 years.
Cryptocurrency is actually the best currency for those who understand its usefulness, how to use it and those who have the information about it.

However, we have to understand that not everybody will have this knowledge, and while some will even have an idea of the electronic money, they will not be comfortable or will even find it hard in adapting to its usage. The two will still always keep serving their purpose.


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April 11, 2018, 09:10:05 AM
 #931

Electronic money is no doubt the best. With the way the world is going and technology is advancing there is no doubt that soon there will be no use for paper money as everything will be done electronically then. For now there are still a lot of people who do not understand it or how it works which is what is holding back the growth of cryptocurrencies but in time, more and more people will become  a part of it.


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April 11, 2018, 10:15:05 AM
 #932

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.

Actually sending money across the globe seems to be used by electronic exchange, though it it is money but it runs through electronic so in that case i would be prefer to use electronic exchange than fiat can't do without electronic machines.

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April 11, 2018, 10:07:51 PM
 #933

Not sure, that I understand correctly, do you mean to invest, or to use? If usage, crypto money is not developed still enough to use it in common life.

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April 11, 2018, 11:00:27 PM
 #934

Electronic money is no doubt the best. With the way the world is going and technology is advancing there is no doubt that soon there will be no use for paper money as everything will be done electronically then. For now there are still a lot of people who do not understand it or how it works which is what is holding back the growth of cryptocurrencies but in time, more and more people will become  a part of it.
Physical money is still a must have for everyone, transactions will be much easier in electronic if we are aware on how to use it but physical were still in need especially if the country is not yet in technology progress or have poor system.

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Kodok Bencot
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April 11, 2018, 11:53:21 PM
 #935

It must be acknowledged that the development of electric money continues to increase so as to make physical money continues to decrease, this certainly makes predictions that estimate physical money immediately disappear.

Bobocantik
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April 12, 2018, 04:35:03 AM
 #936

There are many people who are interested in electronic money right now as the crypto industry grows as more and more people know and invest in cryto. This makes the paper money more and lose its value and can turn take in the future.
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