Electronic Money vs. Physical Money

[seasonw]

Electronic Money definitely is the future currency, I foresee some countries will start implementing electronic money with base of bitcoin in next 10 years.

[Gategold]

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.

I think there is no problem with this comparison. Both are a medium of exchange, both has advantage and disadvantage. For me cryptocurrency is the best currency for now, no doubt.

[DPrillio]

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.

Electronics money and physical money have both advantage and disadvantage in the way of how and where it being use. Physical money is the most user friendly, it can be use by all ages or even the uneducated person but in terms of security the physical money is quiet low unlike electronics money that are encrypted with digital key but it cannot be used by all levels in a society and besides it really needs internet connection in every transaction.

[spyerf]

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 think in terms of usability is not much different. ie as a medium of exchange. It's just that electronic money is always changing its value and very easy to use in transacting online. But for daily transactions I prefer to use physical money. The price of physical money is more stable

[barbara44]

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 not famous to most of the people since not all people are exposed to technologies like computers. You can only access those electronic money if you have at least a device and an internet connection. So electronic money, not like physical money, can only be accessed with those people who have enough knowledge to it because sometimes, it can be complicated.

Yes both have merits and demerits the physical shape, common use, old and more trusted are the clear merits of physical money while its demits are the limited boundaries, theft, damage by fire, water etc are also demerits of it while crypto are easy, convenient and fast way of transaction but lack of the physical shape, existence of hackers are the major demerits of digital currencies.

[yanesna3]

Today it is extremely difficult to get cryptocurrency if you do not have as you call it physical money. Mining is expensive, trading needs some initial money also, and investing costs so very much. Suppose crypto must peacefully live together with traditional money.

[Purno99]

yes, electronic money that I think a digital or virtual money that the way of using it with a medium or tool so that people do not bother to make a transaction, whenever and wherever people with very easily transact with electronic money. while the physical money we have all know that the legal means of payment in this world by way of physical money other words can be said with money. transactions with physical money more reach all people because of what, by way of payment with physical money or money that can be done by anyone

[crocozino]

Norma money has existed long time ago when people invented an exchange, instead of relying on the barter system.
When they found out the potential of money, this circulated over the world and has been accepted as payment of goods. The determining factor of the price was the volumes gold reserves per country.

As for electronic money, they exists within the realm of the internet and cannot be accessed without it.  There is downside of it.  Some kind of hacking and scamming : since hackers can easily get your money from the internet. Also, no internet - no digital money. but it is convenient to buy by internet with the help of digital money.
I think each of them add value to each other. We need both

[Osarman]

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

These different modes of money have just made things easier for people. Many people are very happy after the invention of bitcoin just because in the way they have got full control over their money and freedom too for using it.

I am also not much convenient with paper money too and there are numerous reasons for this. The thing that I hate most is that I need to carry it with me.

[twostepsally]

Electronic money is only use for the online purchases and transaction process. It good opportunity for the improve your self. It will country the all people and get the more future's.. you will save the more time.
physical money is only use for currency. It will deract communication for the purchase.

[chickenado]

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 a digital currency used to purchase goods through different sites in the net..that requires username and password in every transactions, a product of the advance technology created to make our life easier and lighter in which we can do transactions without to be in line in malls or in public places..making us more safe in doing transactions as well while physical money or paper money widely used of all people in the world  the one that we always put in our wallet.

[Ulan01]

Electronic money and physical money are tools of transactions and have their respective advantages. Physical or fiat money is the currency that every country applies to as a medium of exchange. while electronic money is not. and in transactions always require internet connection. But electronic money is very easy to use in online transactions and the price can be very high. it can be very beneficial if investing with electronic money even at risk.

[nidacoinlove]

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.

Let me make one thing clear to you all the electronic money is the one which your banks use for online transactions and in the debit or credit card. For bitcoin and other blockchain supported currencies the word cryptocurrency is used, which refer to digital and decentralized currency.
The cryptocurrency and specially Bitcoin is a great way to tackle with inflation and save your money from devaluating. In fact the value of Bitcoin increases with the passage of time which will increase the worth of your fiat invested. Fiat if kept idol loses it value if looked with the time value of money.   

[nl247]

Electronic money and physical money are tools of transactions and have their respective advantages. Physical or fiat money is the currency that every country applies to as a medium of exchange. while electronic money is not. and in transactions always require internet connection. But electronic money is very easy to use in online transactions and the price can be very high. it can be very beneficial if investing with electronic money even at risk.

Right. Which is why both will still always find its place in the society. Physical money have always been in existence for a long time and asides from those who have vast knowledge about technology and can easily adapt fast, some will still find it very difficult while some will be very slow to adapt if they ever adapt at all. They will both serve one main purpose which is medium of exchange but we both know normally, one supersedes one as long as it is decentralized and accepted.

One thing for sure is most people are finding it even very hard to make use of ordinary Online applications to do transfers and even ATMs, which are form of electronic too, let alone going all the way to the blockchain level.

[posi]

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.

Well, electronic money is better than physical money in the term of payment. An example is the Greece government which choose to switch to electronic money in a couple of years.  Perhaps, if you're from a class country which internet is number 1 priority you will know what I mean.

[Duogembrot]

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. 

physical money will be stepped down and replaced with electronic money or digital currency is more effective and better, because if we always use the money in the form of physical or paper money it will need need luggage in the wallet, with electronic uan more simple and more efficient can also just use smarphone can transact anything.

[Genemind]

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. 

Nowadays, technology plays a big role in our everyday lives. The thing about technology is it keeps evolving every time, yearly there are new inventions and innovations. So, I feel that in the future the physical money that we've come to know and use will no longer be relevant, because electronic money will be implemented by then.

[chickenfried12]

ı prefer now all my cost like electric bills kitchen cost and car issues  hot money real money but for e commerce shopping internet investments or something always use a  currency eth or btc or like that  

[Alexoxyevwii]

I believe that physical money will soon become unnecessary. In the era of digital technology, this is already unprofitable. Electronic money is much better than physical money in all the criteria)

[AliMan]

Better invest in crypto. They at least requires some work. In a case of fiat, they can be drawen easely.

Yes ofcourse . Its better to invest in crypto but there are some cryptos that are easily to decrease its rate and there are also some crypto that are not approved or verified to be trade or exchange with fiat. The best thing to do is to buy a bitcoin and invest in it. But we can also invest if were using physical money, by putting them in a bank account.