Electronic Money vs. Physical Money

[sheenshane]

The difference between electronic money and the physical money, electronic money is a cryptocurrency which is can transact via internet connection and travel or transfer your money around the worl without any hastle transactions. While the physical money is handy money you can buy in mini store at your place at a small amount, a big defferent they have.

[PhucS]

An interesting comparison. As far as I know, electronic money is the currency that is transferred digitally to be stored and used in an information technology environment. It can also be considered a digital currency, generated by complex encryption algorithms in the form of open source software. Algorithms are exchanged through internet-connected devices, not through any intermediary or national organization. It has no particular value, its value fluctuates over time and is rarely stable. There is no concept of freedom in physical money, it belongs to governments, the state. It has a certain value, it can not change the value but it is very necessary in life because we need to spend a lot, but this can not use the electronic currency

[Monta3002]

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. 

Electeonic money can only use in online transactions it is just a virtual money, it can disappear anytime and price is not fixed while physical money is fixed and can not disappear it is the opposite of electronic currency

[szpalata]

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. 

Digital currency can easily be transferred from one acct to the other and from one place to the other.  That what makes digital currency more useful but in a limited purposes only unlike with the physical money you can use it everywhere.

Well, physical money cannot be used online and so it cannot be used everywhere like you're stressing. Digital money on the other hand can be used everywhere so far as the merchants has the requisite device to receive his/payment.

[ajmapalo22]

This is just a simple thing electronic money don't have physical appearance that's all but the use is as same as the current fiat we are having today both can be use in online shopping the physical money need just to be put in ATM or a debit card. Electronic money can be converted into fiat if you want to hold it. The appearance is the only difference here and the fact that digital currencies value for now is unstable and unpredictable.

[fiulpro]

A cryptocurrency is something that is more like an asset and less like money , its meant to store value of your money at a place like stock market shares or something like gold.
Cryptocurrency is decentralized and volatile and keeps increasing decreasing its value and that's the reason why people  usually earn profits from this.
Our normal fiat is somehow fixed and is handled by the government thus its centralized and has universal acceptance and can be converted from one form to another without any barricades or bans

[Sled]

A cryptocurrency is something that is more like an asset and less like money , its meant to store value of your money at a place like stock market shares or something like gold.
Cryptocurrency is decentralized and volatile and keeps increasing decreasing its value and that's the reason why people  usually earn profits from this.
Our normal fiat is somehow fixed and is handled by the government thus its centralized and has universal acceptance and can be converted from one form to another without any barricades or bans

If we will compare electronic money vs the physical money in terms of profit and its usage in different kind of things then i might say that bitcoin or the other electronic money is still better than the physical money because physical money are boring because they are just stable and you cannot make profit from them unless you will build a business but in electronic money alone, you can make a lot of profit.

[lili song]

Electronic Money :
- Fast and easy when do transactions
- Can use for online transactions
- More profitable

Physical Money :
- Expensive charge fee for transfer
- Slow process for global transactions
- Fee applied every month

[taiwww]

Nearly 92% of world`s currency is now in digital form.
Money which we can see or feel is physical money.
We can't see digital money it lies in computer or in mobile wallet.
Both currencies have advantages and disadvantages.
- Digital money require some infrastructure like computer, electricity, internet etc. physical currency depends on nothing like this.
- Generally money in digital form easily get accepted worldwide. Physical money of every country is printed by its own government so cannot get accepted worldwide. Need to convert them from country to country.
- Fake physical money can be used for transactions. Digital money is protected by its firmware or by blockchain.
- Money is never secure. Both type of money have risk of getting stolen. Both type of money needs protections like Safe, bank lockers, personal key or password etc.
- One can use physical money without permission of its real owner. digital money is protected by its owner, no one can use it without permission.
- Physical currencies are controlled by central agencies. cryptocurrencies are decentralised in nature.

[Mpamaegbu]

Electronic or digital money is not always synonymous to cryptocurrencies - in fact, most of the fiat money in circulation has no physical form.
It is unwise to think that there is paper money, cash and then every other form of currency which can be transferred digitally can be called 'electronic money'.
Cryptocurrency is a new breed of the money, evolved decentralized, sovereign. BTC or other cryptos have little in common in 'digital' fiat money people store on their bank accounts.

This is a great clarification you have made here. A lot of people often get swayed that every fiat means paper money and not in anyway electronic. This is a big deceit because every fiat exists with its electronic transactions. Sadly, no cryptocurrency exists outside electronic transactions. This is a big disadvantage for cryptos as they can't be transacted without the internet.

[lienfaye]

Physical money is regulated by the government while digital money is not thats one of the edge of btc being decentralized and its not just a currency but an asset as well.

However physical money is our primary currency and recognized by everyone regardless of age. It can be use anywhere without using any computer or gadgets to be able to transact.

[Best Dreams]

Physical money is very attractive, i prefer to hold the money on fiat like Usd or Euros, because they are pretty and everybody likes them instead of my local money.
But everybody knows that earning money through electronic money or cryptocurrencies is being very easy at the moment, because they are being very volatile and that is why almost everyone is buying bitcoin, only to make more money because it is easy.

Yes it’s true that physical money is very attractive but the use of both are same both of them are money and you can use it for buying things but electronic currency is Batter than cash because bitcoin price is high then any another currency and it have a credit as well in some countries you can also learn a lot of things here and it’s a very good to for investment as well.

[Protected101]

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. 

Electronic money or digital currency is fastest and easy online money that we can transact and it is more profitable due to it we can earned a lot of money here through job online .
While physical money are high value of price ,we can use it anywhere by buying what we want in any shopping store and supermarket.But we cannot earn a lot in physical money comparing in digital currency.

[Dudeperfect]

Well, if you are transacting the fiat currencies using the net banking feature then even it called as electronic money. Just because you are transferring the monetary values using the internet, doesn't make it crypto transactions. On the other hand, if you are transacting the monetary values using the Blockchain based technology having cryptographic encryption then it is called a cryptocurrency and we might see some governments might introduce their own cryptocurrencies.

The fundamental difference between the cryptocurrency and physical (fiat currencies) is the creation and maintenance of it. Fiat currencies are created and maintained by the governments whereas cryptocurrencies are created and maintained by its users.

[tengek37]

At such a sophisticated era as it is today, everything is completely electronic and internet technology included in the transaction of a sale, many companies can only accept payments using virtual money and not many are still using cash in cash. These two things still seem to have the same strength because in some countries there are still many who use the payment in cash because the means that have not met if using the payment virtually.

[Swopon]

It's totally different.
If we consider that there are two side we can say that electronic money is on one side and physical money is on another side.We can feel physical money by our hand and we can only see the amount of electronic money.Also electronic money or crypto currency is very fast and easiest online money that could be transfort.So for me electronic money is better that physical money

[Nahl]

i will see from the different side for between both of them that for bitcoin you can consider this as the future asset and very potential to grow in the future which mean there is possibility to increase your wealth but physical money if you save it at your bank account for long term i think the value will not increase significant such as you save bitcoin but regarding the common used between them i think physical money will always be one step ahead than bitcoin because most people still support them

[planfox]

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. 

I'm for physical, since childhood I did not like the development of all sorts of technologies, realizing that this is all unreliable, and the Internet was not so fast and stable at that time. All the same, physical money warms the pocket anywhere at any time, and so it is also necessary to look for the exchanger, if it exists at all.

[the rise]

Physical money will spend a lot of budget for its creation, eventually the world government will forget this and start switching to the e-money system, they will allocate the budget to the source of the currency-forming nature for other businesses. What the world needs now is efficiency so everyone will switch to consolidating e-fiat with cryptocurrency.

[Yarsk]

I think electronic money is the future of money and all financial transactions, bitcoin is safe and easy to use than paper money the stress of using paper money is some time much to switching to electronic money is the best and the safest thing.
Let think of how much is spent by the central banks of different states to created physical money compared to the amount spend in creating electronic money the gap is wide.