Electronic Money vs. Physical Money

[CyberR.]

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 can never replace Physical Money, Electronic money is unstable because of the threat in the digital world like hacking.

Only Benefit of Electronic money over Physical Money is Convenience, But there are a lot many drawbacks like :

• Transaction Charges
• Security Issues
• People will find ways to hoard money in digital medium and will make much harder to track back transactions, Helping those involved in Black activities.

It is impossible that cash will become completely obsolete, but it will definitely become far less important in the future than it is today.

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[pallang]

Electronic money is different from physical money because electronic money is usually used when you have internet and when you are familiar in using it whereas the physical money is known to be the original money that is being used since the beginning and we are familiar using it.

[Tavarez]

my vote goes to electronic money..... because it is quicker, fees are smaller (not counting btc nowadays - but hope for smart correction soon), also there is no need to wait (waste time) in bank ques. Governments have full control of us through physical money while electronic money is more decentralized.

[siopaotsin]

Basically they are just both the same in concept in terms of transactions. physical money is used daily in small-scale transactions while in electronic money, it can range from small to large scale of transactions. if we'll put it in cryptocurrencies perspective, it'll be difficult because of the volatility.

[Pjoh ie]

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. 

many people now find it hard to trust bitcoin and still hesitate with bitcoin but i'm sure the bitcoin in the future will be better known and everyone will start switching to digital money

[bots1]

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. 

obviously the existence of paper money will be reduced because it is not very efficient, it is now time to switch to digital currencies such as bitcoin more efficiently without having to use paper and metal again.

[bittybits]

Isn't electronic money same as physical money when you put it in your atm which can be either a debit or credit card? It's becoming a misconception that electronic money the same as cryptocurrency. it's just that both "electronic money" and cryptocurrency are under the same category.

[Good tbc]

i will prefer electronic money because
electronic money is fast to used.
electronic money is easy to used .
electronic money can be access easily.
electronic money is secure to hold or to exchange anywhere.

I think Electonic money which is a digital currency is more preferred by me than Physical money. The electronic money are save and can not be assess except by the owner of such wallet. The physical money need to be carried to the bank especially when they are in millions.Electronic money  is not taxed, it is easy to be use for trading, for transactions, for investments, gambling, and others. The physical money have to be changed to other currencies before it can be used for most all transactions online.

[ToyotaFortuner]

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 with paper money is very different and paper money in the future should be reduced in circulation and already have to use a more efficient digital currency.

[bit.pawy]

Considering the advancement of technology, it will be possible that physical money will be used less than of electronic money but we can see that electronic money is just the alternate form of physical money. You can either convert your money to either physical or the electronic money.

[BabyBoss]

now world is developed very fast and i think no world need both physical money and electronic money while comparing both these world need electronic money more than physical money because working with electronic money is very fast, easy and more secure then physical money. So coming era world will be try to start electronic money everywhere.

Yes because as we can see many of us really get many benefits from crypto currencies especially bitcoin, bitcoin really helps us in our physical needs especially financial needs where we can see that it's really helpful for us. And also we know that cash is there to be use as of now digital coins is not yet exposed to all of us where some of the stores not yet accepted bitcoin as payments and it is not yet comfortable for them use it since bitcoin is only used through internets.

[armandoz]

the bitcoin they say is the future currency of the world if i'm not mistaken. one currency in the whole world. no need bank and no need to have a cast. if you have money in bitcoin or invest to bitcoin you can transact like a bank and you can buy, you pay by using your bitcoin account. money transfer from your account on bitcoin. any transaction by money you can use bitcoin. just have a cell phone they just read your bar code and after that you can pay or receive money. whatever you need. transfer you money to one agency like pawnshop if you need cash using coin cash. account.

[biboy]

the bitcoin they say is the future currency of the world if i'm not mistaken. one currency in the whole world. no need bank and no need to have a cast. if you have money in bitcoin or invest to bitcoin you can transact like a bank and you can buy, you pay by using your bitcoin account. money transfer from your account on bitcoin. any transaction by money you can use bitcoin. just have a cell phone they just read your bar code and after that you can pay or receive money. whatever you need. transfer you money to one agency like pawnshop if you need cash using coin cash. account.

For me it doesn't matter whether physical or electronic money like bitcoin, for as long they can both buy goods and services as well as can pay bills and can remit money so there is no difference aside from the fact that the electronic money really fluctuates and can increase in value depending on the users/investors.

[pauuui]

Aren't they the same? Electronic money and physical money. You receive money through banks which then you can withdraw through atms that gives you your money in physical form. I think it becomes a misconception that cryptocurrency is the electrical money.

[shata]

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, this is the difference and use of Physical money and electronic money or Bitcoin. Physical money is used in buying items and used in many transactions such as buying in malls, stores and shops. It is also used in investing in a bank. Bitcoin is used in business. It is a digital currency that is better to invest and trade. Bitcoin is just for business and investing, Physical money is for buying and doing many transactions.

[gigilsoup]

The very first thing came to my mind is that physical money can easilly be stolen unlike the electric money. That requires so much knowledge in computer to do so. And also, whenever you see cash in phisical wallet it is easier to spend it than it is being stored in electrical wallet or in the bank.

[Britheyettor]

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. 

both of them is good but like you say it is new technology always make confuse about the existence.
in the future all will use it more than paper one

[scorpion27]

I prefer bitcoin instead of cash because bitcoin provides a profit even if it is only kept in the wallet as the price keeps rising, while cash does not provide benefits like bitcoin

[Malaya]

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. 

Using either Electronic Money or Physical Money benefits us. Electronic money helps us operate an easier way of transacting any goods or stuff. While using physical money could be also of good use when there is no internet and there is no better way of using electronic device on it. Bitcoin and others can be of good use when there is an internet connectivity on the area whereas there is a bitcoin ATM to be used as well.

[Dmitry.Vastov]

Electronic money are those kind of money which we use digitally and physical money means is the real money which is used hand by hand. According to using purpose electronic money is lot easier than physical money. For buying online stuffs and bank transaction electronic money provide better and faster service than physical money. But those place where no Internet connection present or when Internet goes down then physical money will play role of saviour. You can use electronic money by using different smart phone application or you can also use Atm for Electronic money and in the case of real money Western Union like various way present.