Electronic Money vs. Physical Money

[3la9l_kolbaCa]

well as of today the high technology is the best for the money,. so meaning the electronic money is the one that best today, we also know that today there are too many people that are having transactions worldwide, electronic money is the best way for them

[Kita Kita]

Both electronic money and physical money is very important for us right now, but there are still many people who doesnt know electronic money or they dont know yet how to have a transaction using it, so i will iprefer to choose or use physical money because like other people physical money is more convenient.

[Osarman]

  I think it will be more wise to call it "digital money/currency " instead of electronic money .
Both digital money and physical money are different in many ways . Physical money is the fiat currency of a particular country and is limited to that country only whereas digital money is the currency of internet and there is no such geographical differences . Fiat money associates with centralized banks i.e it is totally centralized and digital money or cryptocurrency such as bitcoin has no regulations of centralized banks i.e it is totally decentralized and no taxes are imposed on it.

Yes it has a lot of advantages and benefits for the people of the developed world it will also be the most feasible and convenient in transactions and other online shopping for the developing countries but due to the lack of latest technologies and facilities they are being deprived from digital and modern world and that is the reason that the people of these countries are mostly relies on paper money.

[Freddie Aguiluz]

I use more electronic currency than physical currency. I find more and more often I use electronic form of currency in the form of debt cards. I prefer the ease of cards to cash hopefully we will get to the point where more and more crypto currency are accepted the same way.

But as of today, there are only few electronic currency are use in our society , like here in our country we can't use bitcoin as our payment. Only few store accept bitcoin as a payment.

[vidprab5]

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. 

Actually it's totally different, even though its name was Cryptocurrency,we can not compare it to actual money, becuase cryptocurremcy is a degital money, like bitcoin. Bitcoin is all digital but we use our phones everyday and they are very accessible in all parts of the world

There is much difference in the electronic and the physical money. The physical money includes Fiat that could never be used over the line for the sake of transaction and vary from country to country depending upon the national currency .on the other hand electronic money is not bound to one single country, is completely decentralized and has no physical existence.

It is only an easy mode of transacting heavy amounts in international market with low taxes and promising method that offers complete security.

Right. These are two different modes of how we can make purchases and transactions. Electronic money makes things a lot easier and convenient for us while we can't go on a day without physical money in our pockets. They go hand in hand but physical at this point is more impoetant

Yeah mate there are limitation of the flat money it is confined to the respective region and in other regions its acceptance is zero but bitcoin is versatile and not confined to any boundary and its values I same all over the world and profit rate are also same and btc is neutral to all regions and on top of it btc can also be used as payment as well as holding his coin bring profit but flat is just piece of paper and nothing else.

[buhna]

Money is just a way of organizing the exchange of goods. And it depends on the situation in the country or the world. In peacetime, all methods are good, and electronic money expands opportunities. But, for example, in wartime this all loses value, even paper. Meaning food and good old jewelry.

[artlanante]

Physical money is having the advantage than the Electronic money, but the Electronic money is just starting to find their own position in the Economy, But with the huge potiental, they maybe could take the lead in the nearly future , about 5~7 years.

[dancingnancy]

The only downside currently for electronic based currencies is that it requires internet access to transfer the funds.

Well in the near future this hindrance may be tackled with some offline server technology or something similar. Physical money is very important as technological aspects are still yet to be a part of poor countries. Electronic money is a bit more secure and has lesser transaction fees. Cash is a tangible asset whereas btc is intangible.

[aeternus]

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.

Physical money has many issues as well, physical money deteriorates with time, there have been stories of people saving all their money in cash for many years only to discover later the bills have almost disintegrated with time, so like you see there are disadvantages to cash as well.

[Goodsamaritan]

Electronic money is a currency used in internet and physical money or also known as fiat money is used in our country. The difference is that they are both used and only has value on their field because hou cannot by stuffs such as tokens here in the internet using fiat moneg, hou must change it first to electronic money to do so. Same goes to electronic money attempting to buy something in our local store such as market. In conclusion, they are both worthless in foreign land unless exchanged.

[djablom1]

If the electronic money gives you more profit and also if it is safe with you and not in some kind of bank i would rather take the electronic money over the physical money.

[Cherylstar86]

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.

Physical money has any issues as well, physical money deteriorates with time, there have been stories of people saving all their money in cash for many years only to discover later the bills have almost disintegrated with time, so like you see there are disadvantages to cash as well.

Well the disadvantages of physical or cash type of money really pushed all developers of electronic money or digital money via internet to have made it through internet transactions. That's true that cash money certainly deteriorates with time, because of its slow transactions. Digital currency right now is really a good diversions of that electronic money to become much more driven through another dimensions of fastest transactions ever; like of real time.

[doch]

Electronic money will be increasingly introduced into our lives. But cash will never disappear.

as cash will be protected by the Government in every State. how may cash will disappear and it will not happen.
it took hundreds of years to change the world currency into one recognized currency.
in time bitcoin will become the world currency, sometime.

It will take the time for sure but w cannot say that it is not possible because a lot of the people are now believing in the electronics money and they are using the bitcoin now and this is the reason why the demand of the electronics is now higher than the currency because with this all the people are able to pay for all the things even with just a click and they stay at home and they can pay the bills while the bitcoin is increasing now.

Country’s budget can be one of the main reason for the superiority of electronic currency over physical currency. But bitcoins case is totally different because it introduces a decentralized economic system to the world where there will be no more need of physical currency and people will use this electronic currency for any purpose they want. We can hope for the best and beast.

I am agreeing with you that bitcoin is the decentralized and popular currency all over the world and due to the presence of bitcoin there is the need to physical currency decreases because people can use bitcoin ( digital currency ) for many things like shopping and many things.

[IanRidgwell]

For now many people will always choose physical money because, this is tangible unlike the electronic money and many people knows that they can use the physical everywhere and physical money is knows by everyone in this world unlike the electronic money, that is not really famous right now.

Now a day’s people doing online jobs we all know that, that’s why here we will give importance to electronic currency over physical currency, but physical currency have its own importance and value. I think there is no difference between them because both are money and useful in their own ways.

[wv8huuuger]

For now many people will always choose physical money because, this is tangible unlike the electronic money and many people knows that they can use the physical everywhere and physical money is knows by everyone in this world unlike the electronic money, that is not really famous right now.

Now a day’s people doing online jobs we all know that, that’s why here we will give importance to electronic currency over physical currency, but physical currency have its own importance and value. I think there is no difference between them because both are money and useful in their own ways.

Physical money more simple in usage then electronic and it also requires internet to use them, and for simple transactions like buying in a store i would be faster to use physical money for online payments will be better electronic.

[Olivia_Nielsin]

You can invest in electronic money for making profit or for using it for major trading operations. However, cash is still necessary for you and it has a number of advantages. So, I think that both types of money are important now because if you use both of them, you will have a lot of different benefits.

[robinsonnde]

I think the comparing isn't logic. Paper money and digital money have their own missions. Usually paper money is using for your local "needs" or local "purposes", the digital money is using to solve the problems that isn't in your local.

[Duzter]

If physical money is unavailable, there could have never been a electronic money. To provide the ease of transaction digital money came into existence. Later the same became more popular and got used all around, but the same never affected the paper money which is used by all levels of people.

[fuer44]

If physical money is unavailable, there could have never been a electronic money. To provide the ease of transaction digital money came into existence. Later the same became more popular and got used all around, but the same never affected the paper money which is used by all levels of people.

yes, in the end the physical money is the priority. electronic money created because over the times, the more sophisticated technology, until emerging new transactions, namely online transactions. and with electronic money it will be easier for online transactions. but physical money is the most widely used, because I also believe that physical money is most often used by all levels of people for daily transactions.

[xYakult]

If you want your money to grow and beat inflation, go for "electronic money" (bitcoin, investing in stocks, etc.). But if you want your money to be liquid for your simple everyday expenses (like buying in your local store wherein cash on hand is only accepted as payment), go for physical money.

It really depends on your needs and priorities. But what's important is to have a balance between your physical money and electronic money. As the saying goes, don't put your eggs in one basket.