Electronic Money vs. Physical Money

[congresowoman]

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 is unstable because of the threat in the digital world like hacking. It is better to invest and save much paper fiat since it has been there for like forever and it is much stable.

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[gamalzour]

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. 

Right now, cryptocurrency and other digital currency are not yet recognized and supported by some countries, so obviously, physical or regular currency is more dominant as of this moment. It still appears that regular currencies are more safer since it can be controlled unlike in digital currency that are prone to problems regarding with technical issues.

Yes both have the merits and demerits as in case of electronic money we are doing our transaction very fast as well as it help us in online payments but the lack of physical shape is the demerit of it while physical money has physical shape but there will must be a third party involvement in paper money as well as different types of taxes are also implemented on it.

[bozo333]

Electronic money is only use for online process and it will use to transfer and money exchange. It will use for the other country for the buy any product.
physical money is only use for the some purchase only. It not use for the other purpose. It will good opportunity for the ready to cash for the any purchases but it will use some purpose only. it not use other country. If need to use you will exchange the money. then you will use it.

[hansbans]

Both of are important. I need physical money in my real life.
But i use electronic money internet shoppingi buy something etc...

[ivanst776]

Electronic money and physical money were the same, physical cash when transacted through an digital medium it gets termed to be electronic money. Electronic money can't be cryptocurrency, because the entire thing differs from the electronic money in terms of development as well functioning.

Digital money can compete with physical money and in further several years it can replace paper money but a part of it or 50% of it not fully. One can fulfill the aims of another. Yes, there are some chances that the financial  would be changed in case of the currencies but physical money can't be replaced by digital money because it has its own aims which can't be done easily with digital money.

[annicketucufaw]

If you have both on you, cash and electronic money can be equally convenient to use. However, electronic provide extra convenience if you generally don’t carry a lot of cash. Electronic cash offer the convenience of not having to actually pay for your purchase until several weeks after you receive your bill. Responsible use of electronic can also help your credit score, which benefits from having a long track record of on-time payments.

[Sled]

Both of are important. I need physical money in my real life.
But i use electronic money internet shoppingi buy something etc...

Both of them are indeed needed in our life because with physical money, we can easily pay things offline because if we don't have internet then we can use our physical money to pay things instantly and we don't need to pay extra fees and to wait because paying with physical money is fast and that is why it really depends on the situation on what kind of money we will use.

[plaintiff77]

We all can say that electronic money is more convenient to access compared to paper or physical money. For security purpose as well eletronic money is more secured compared to physical money. Wherever you go, accessing electronic money is quite easier. We can buy or lets say we can pay that easy using electronic money. Bitcoin is one example of it. And one best benefit and advantage of it is it has the highest exchange rate compared to other currency. It has the biggest value. So when we have bitcoin we are richer plus it very accessible wherever or whatever transactions you may have in the future.

[Nanot]

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 is much better than physical money,you know why? It is all because that a physical money can be get by thief,burn by fire and bring into phenomenon. Not like a electronic money. Even though that thier is possibility that may your gadgets brings into trouble. You can able to used many kind of gadgets not like a physical money. When it gone.it is done and nothing to come back.
See the difference

[Naoko]

Physical money is very attractive, I prefer to hold the money on fiat like USD or EURO, 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.
So, I think, that they are different and we need both of them

[micleeiu398]

Physical money as a real existence as it can be seen, feel naturally, others than electronic money is not physically present,  and have no physical existence.  Physical money is handy, old and accept by many companies, markets, and authorities while electronic money is not as such accepted.  
Uneducated and illiterate people know only physical money and the electronic money is out of there reach,  as they depends more on the physical currency fir their day to day activities.  Physical money has more acceptance than electronic money.  But electronic money can not be steal easily and is more safe and secured than physical money.  Banks and other authorities can keep a check on physical money but on electronic it is not easy.

Each type of money has its own advantages. it is currently possible electronic money still can not reach many people because of the limitations of various things. There are still many people in the world today who still think that electronical money is unsafe and also felt not something that can be easily accepted by society. But in reality today Currency digital has started to improve and increasing. I am very optimistic if one day in the future that digital currency can be one of the most attractive financial payment media and has been applied in many financial sectors. It's already starting to look and our current task there continues to support by using it in every financial transaction we do.

Physical money has made a place in our heart because when we take in our hand we feel that we have money while in case of electronic money we are having no such like natural feelings but it is a reality that electronic money is making our life so fast and so much easier because there is no involvement of third party as electronic money is being decentralized.

[bitcoinmasterlord]

Physical money is very attractive, I prefer to hold the money on fiat like USD or EURO, 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.
So, I think, that they are different and we need both of them

Now the trend is changed, I agree that holding USD or EURO feels good, but the value of the physical money will never increase. You want to grow your investment then you must go for electronic money. I think next generation full support only electronic money.

[Marivic13]

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. 

In my own opinion ,its not that bitcoin is electronic and fiat is physical, in fact most of our money today in fiat isnt made of paper, its all digital and stored as numbers; i believe the actual number was over 90% iirc (as digital). fact is, bitcoin is inherently different from fiat money; cryptography, decentralization, and the inherent need for cybersecurity to name a few. in addition, bitcoin is not backed by anything; the united states treasury was backed by gold at one point (though not anymore), but bitcoin, as an inherently digital asset, cannot be deemed to be worth anything of equal value in the real world except by what its value relative to a currency is determined to be...

[pokeronlinestatus]

In the past everyone had a mail box, and when e-mails appeared, people said, "What do you need?" In the same way, physical money is very useless, so it will get out of use soon.

You cannot deny the importance of any one of them because people are familiar with the paper money for the last several decades so people are very much confident over the use of paper money while the digital currency is recently introduce which will take some time for developing trust and confidence over it.

[Seaze007]

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. 

Difference of electronic money and physical money. the electronic money you can save it longer unlike physical money you can spend it all the way.
The electronic money you can start invest, and wait for your profit will getting high, physical money you can buy all the things or stuff do you like and the future you didn't know you did not save at all.

[Kiweikoo]

Like I said in the other post, real money such as USD or fiat money, the banks accepting these currencies most of them now has online features. Which means you are able to spend that money electronically. So the only difference now being crypto currency is decentralized and relies on a different system of checks and balances. So in terms of convenience, they have their uses, btc right now remains available only to a few individuals, but this is an ever growing population of users of course.

Bitcoin is far better than the physical money because it has best profit giving nature and it has dual mode and on top of it bitcoin user circle is increasing day by day and physical money extent date is near and people are demanding bitcoin to be declared as the global currency so that they can used bitcoin for their daily expenses and more of it btc prices are changing people lives and giving them more than cash gives.

[AliMan]

Like I said in the other post, real money such as USD or fiat money, the banks accepting these currencies most of them now has online features. Which means you are able to spend that money electronically. So the only difference now being crypto currency is decentralized and relies on a different system of checks and balances. So in terms of convenience, they have their uses, btc right now remains available only to a few individuals, but this is an ever growing population of users of course.

Bitcoin is far better than the physical money because it has best profit giving nature and it has dual mode and on top of it bitcoin user circle is increasing day by day and physical money extent date is near and people are demanding bitcoin to be declared as the global currency so that they can used bitcoin for their daily expenses and more of it btc prices are changing people lives and giving them more than cash gives.

If you will compare these two, These to is having a big difference. If you are an innocent about bitcoin, you will say that this is not a legit internet currency and i believe that you will choose Physical money in this question. Face the reality, There are lots of online shops that requires bitcoin as the mode of payment. In this case, you cannot use the Physical money to pay if you will order or purchase an item. If you're aware in some stores, many of them are using Bitcoin as mode of payment. Indeed, Bitcoin is good in some cases and also Physical money has advantage in other situations. And i believe that someday, many of us will use bitcoin in every stores or shops in our country.

[Vikingr]

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.

I think both of them are same because both of them are money but bitcoin is a digital currency and other currencies are paper currency and I must say bitcoin is little better than paper money because bitcoin price is high than any other currency and it’s also easy to carry with yourself bitcoin in now available almost everywhere and the users are going to support bitcoin.

In that point ,bitcoin is really better than fiat currency. With bitcoin, people can move their wealth in a permissionless way using their individual sovereignty. Bitcoin users can utilize the decentralized currency for operations that are typically frowned upon by third party forces. This includes online storefronts selling pornography, illicit drugs, and other black market activities. Cryptocurrencies can also be used to avoid taxation as it leaves the decision of reporting to tax officials up to the user.

Most of the uses you state for bitcoin are not really recommended, after all most of them are illegal all over the world, but with bitcoin we can do all the regular things we can do with fiat with the advantage that no one in the world will be able to take our coins away from us.

Both the electronic and the physical money have their own importance .actually the thing is that when it comes to the user security then the physical money is much better option than the electronic money as it is more likely to get hacked or stolen by someone. But if we talk about the huge money transfers internationally, then the paper money could never serve the purpose.

[sheenshane]

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 have a big a difference electronic money or a digital money from cryptocurrency compared to physical money, bitcoin is very popular and known as a digital currency many people trust with bitcoin to used because it has easy transaction when it comes paying of bills via online. While in other hand the physical money which a handy money you can used it easily when you buy in open market or mini store.
This two currencies you cannot compared because both have importance to us!

[benzotape]

physical money in my country yet, but I hope it will change to electronic soon