Electronic Money vs. Physical Money

[Visbay]

Both electronic and physical money can be hack or stolen. I think the best way is to protect your money either electronic or physical from hackers and thieves. Both can be used in investments and in buying products online.

Yes paper money and electronic money can be stoled. But I never dropped the electronic money from my pocket no electronic money took up any extra space in my pocket. It is now understood that the traditional money is very annoying to governments. Electronic money will take a very long time to spread to the public.

Both of them are good for earning if you want to use paper money so you can use it for different things such as buying food, clothes etc, and digital currency is also using for same things so in my opinion as everything is going electronic and digital so currencies re also becoming digital and bitcoin is one of the example of it and it’s also very easy to carry bitcoin have also a good quality to earn from it and now it’s available almost everywhere so I will prefer bitcoin instead of cash.

[jassanpary]

There are pros and cons for both currency types.
Digital money is decentralized but you need the internet to use it
Fiat or physical money does not require the internet but it is centralized and  as such domiciled at a place.

Both are money, but the difference is that we could not able to see the electronic money as that of physical money. By means of electronic money faster transactions take place from one place to any other part of the world, that is the advantage of electronic money that is not possible by physical money, no need to go to banks in case of electronic money.

[BitcoinTurk]

Electronic money is best one i think because you can use it very easily and you can't lose your wallet physical. That is biggest probem in physical money. If your wallet stolen or lost you cant reaach your that money (including in wallet) again.

[jiamileshuai]

both of bitcoin (Cryptocurrency) and physical which can be used to buy and as the tool of transaction are totally different. Even though both are as currency, it is not same. Bitcoin is known only by certain people, and there is no tax of doing transaction through bitcoin. However, bitcoin requires internet connection that may limit all people around the world use it. in other hand, visual or paper money doesn't require internet connection.

[explosion]

Electronic money are now more a kind of investment, and physical money are more widely used for buying or selling

[leanhtuan]

Electronic money and convenience are certainly different, even the name of it has shown the difference. With physical money, we use it to buy things in the stores that we like but with virtual currency is not because it is not real money for us to use.
I think virtual currency appears to be a profitable opportunity for investors, I rarely use virtual currency to buy some needed stuffs, I usually use cash to do it.

[Kamote_1102]

physical money is tangible. you bring it anywhere. and when you have it, you can buy the things that you need instantly. it can be stored in a bank. you can trade it too. obviously, it is made out of paper and it can be destroyed or lost if you are careless. you can give it to anyone you want directly. electronic Money means it can be wired or transferred electronically. A good example is a bank-to-bank transaction. you can trade it for a real cash too. if you need to send some money to a relative from a distant place, you need to transfer it through a bank or some money remittance center. and instead of bringing cash in your pocket, you can use a credit or a debit card. it is good as cash too.however if the physical money can be destroyed or lost, the Electronic money can be hacked. these are the only difference I know about Physical and Electronic Money

[bapetdik]

There's a lot of distinct differences that could be drawn between the two.

1. Fiat can be created from thin air; cryptocurrencies has a set amount of coins to be mined/acquired.
2. Inflationary (fiat) vs Deflationary (cryptocurrency)
3. Region-restricted purchases (fiat); shopping with no borders (cryptocurrency)
4. Requires an intermediary to store money (fiat); you're your own bank (crypto)

These are some of the things that differ crypto from fiat. There's a lot more aside from those things but that's just what I thought off the top of my head.

I totally agree with "you are your own bank". Indeed this is the nature of crypto and this is what makes crypto very popular. Not covered by the bank and no interest or taxes.

[aeternus]

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.

I will not use Greece as an example of good economic policies, the Greek government basically defrauded everyone that invested in their bonds by lying to them and by faking the numbers in their books and that led to us to a great economic crisis, many people think that what happened in Greece did not affected anyone else but the Greeks but I know a couple that lost a significant amount of their retirement funds because of the Greek government.

[BarbieCasino]

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 is the fixed currency of a country. while the digital currency is more to the asset of a project so it may not be equated

Electronic money can not only be used as mode of payment or for buying different sort of things but the biggest advantage which you have of keeping crypto currency rather than simple paper money is that it can actually help you in better way in making more money as well. People are taking as mean of investing their money and they are in fact making a huge amount of money in return as well. The usage of paper money is decreasing as the market of crypto currencies in increasing with each passing day.

[ToTheMoon$]

In my country people dare to use electronic money, is actually the govermant who permanently insist on using it, even they are planning to create a digital currncy from our central bank.
Here people started to order via internet maybe since two to three years ago not to mention here prices are even as 3x higher than in the United States, there's no con on using e money unless
people don't know how to manage internet interfaces

[Best Dreams]

Digital currency or electronic money is a type of monetary that is available in an intangible form and free from government regulation. One good example is Bitcoin, which purpose is to be an alternative payment method that oppose the use of credit and debit cards. With Bitcoin, your transactions are anonymous, instantaneous and secure rather using a bank card (credit and debit). Even if it does not compete with Physical money, that exists through physical forms such as bills, coins, checks and bank notes. It poses a threat to physical currency due to its ever growing value and the way things are being technological these days. However, only a small percentage of the world population are aware of this so called electronic money that most of them are hesitant to adapt the existence of a digital economy.

I will prefer electronic money instead of physical money because bitcoin have given me a lot of thing to me which was a dream for me to buy I can do online trade here as well as I’m doing investment here a=I also learn a lot of things about bitcoin which increased my knowledge and it’s also very easy to carry its transitions are also very fast and its very safe and sound for investment and much more things are here that can change your life.

[cryptonomics.global]

"Electronic money" or cryptocurrency looks very promising as it provides anonymity and independence (not controlled by any government), it is quite risky though for the way societies are built right now. The same problem that we had with cash back in the days are now relevant for cryptomoney -- they are difficult to track, so difficult to enforce people to pay taxes from them. And even though everybody hate taxes they are basement for all governments and order they bring.

[didoubk]

we all agree that there is a huge difference between E-Money and physical Money
and our day electronic money is becoming so popular and different people start using E-money because it is more secure and easy to use despite there is know phisical
existence of this money .
physical money is based on diffrent things like economy of the country ,gold , ..
E-money is based on exchanges between users, t think so .

[marcuslong]

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. 

Well physical money is there the world begone other says prediction that bitcoin will replace it but to be honest there no chance to reply of this because some of people are know more done this so called bitcoin yet we still at the learnings of everything about it and not all people knew about it, The existance of bicoin proved that there no impossible thing might happens.

[mornabo]

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. 

Well physical money is there the world begone other says prediction that bitcoin will replace it but to be honest there no chance to reply of this because some of people are know more done this so called bitcoin yet we still at the learnings of everything about it and not all people knew about it, The existance of bicoin proved that there no impossible thing might happens.

because the physical money will disappear does not mean bitcoin will replace and become the main currency, I think it is too excessive expectations, I think fiat will have a new version of a currency to replace the physical money, so the bottom line physical money will be gone and will be replaced by digital money in the next few years

[brainape]

Digital currency or electronic money is a type of monetary that is available in an intangible form and free from government regulation. One good example is Bitcoin, which purpose is to be an alternative payment method that oppose the use of credit and debit cards. With Bitcoin, your transactions are anonymous, instantaneous and secure rather using a bank card (credit and debit). Even if it does not compete with Physical money, that exists through physical forms such as bills, coins, checks and bank notes. It poses a threat to physical currency due to its ever growing value and the way things are being technological these days. However, only a small percentage of the world population are aware of this so called electronic money that most of them are hesitant to adapt the existence of a digital economy.

I think physical money have doubles importance over the electronic money because the use of physical money is much secure and comfortable than others, but now I think they have equal importance because BTC make the difference negligible and make electronic money more important to the people.

[ladadadiweliketoparty]

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. 

Well fiat money is getting devalued everyday and electronic money can't be counterfeited and has the ability to gain value everyday. I will leave it at that because I think that is enough to know which one is best.

[Gennady12]

Electronic Money or which we call cryptocurrency are money which needs internet and electric to be able to be used, the thing is,  it is not yet known to many people and its forbidden to some countries. While Physical money or fiat money is already used as medium of exchange in every transactions and is also supported or backed by every governments.

[jatin729]

It is obvious that electronic money is better than fiat in terms of Security, faster transaction etc etc.
But there is not involvement of third party so that we can't control price of electronic money similar happen with bitcoin as price of bitcoin rising like beast.