Electronic Money vs. Physical Money

[obinine]

When I need to pick electronic cash and physical cash, I will pick both. Since physical cash is required when we are shopping in a place or nation where there is no exchange utilizing electronic cash, and when we will go to a nation that as of now utilizes electronic exchanges then we will utilize hardware. In any case, when we lean toward electronic cash we ought to be careful about programmers.

[JoshMart]

For me I find Electronic money, easy and safe to use than physical money, but from where I come from, crypto currencies are not yet widely accepted, thus we still use physical money to survive. Even though Cyprtos have a lot of thing to offer, I think it will take more time for people to really see it and use electronic money even just as much as the physical one, for our country at least.

[stayeduptolate]

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 know that electronic money is gaining popularity day by day and also it has many advantages and provides new facilities which were not there before. But still I prefer physical money over electronic money any day because firstly, physical money is way more popular than electronic money and it also has way more users than electronic money. Also most of the people don’t trust electronic mode of money whereas everyone trusts and accepts physical form of money.

[Mr.John19]

Both types of money need to exist right now, and there have a different to each other. in my view. We know that using the electronic money is very convenient and fast to use but electronic or digital money is not accessible everywhere unlike to physical or cash. There stores or restaurant hotel in this world were we need to pay cash. Electronic money which you have to find a place or a store where internet and accept it. Both are important, useful and suitable.

[Sled]

Both types of money need to exist right now, and there have a different to each other. in my view. We know that using the electronic money is very convenient and fast to use but electronic or digital money is not accessible everywhere unlike to physical or cash. There stores or restaurant hotel in this world were we need to pay cash. Electronic money which you have to find a place or a store where internet and accept it. Both are important, useful and suitable.

That is right but the time will come that we will not depend in physical money anymore because electronic money will become the key for our financial system to improve and have more progress in the future that we can have a lot of benefits in doing transaction and also in getting chances for us to make more money aside from other source of income that we have.

[ibuddy122505]

Electronic or digital money likely new born assets in this era, remain newbie until now. Here we all well wisher just believe that this has tons to go. Anyways, It's most risky deal with cryptocurrencies that's why ppl suggest don't put in more money than you can afford to lose. Very possibly could drop to near-zero at any time, whereas traditional paper money is still your safest bet.

[John Wallker]

Electronical money are the future of world payment system and I think no one wants to use our "physical" money anymore.

[MIZANUR5033]

Electronic money is called Cryptocurrency. Cryptocurrency is very much popular at this time but the problem is most of the people doesn’t know about this system and we can not use this system at all place. Physical money is better to use at all place but cryptocurrency is ahead of that because of the profit and facilities peoples get.

You can not earn a lot buy laying down your real money at place but you can get much security there and you can get a lot of benefits by using cryptocurrency but you will not get the security like real money. Different peoples have different types of mind and choice. You can only decide what you want. There are lots of advantage and disadvantage of both of these two system so you have to select the perfect one which will better for you.

[PIR]

Electronic money can be use through digital currency, any payment, purchase, transaction can be done through electronic while physical money can be withdrawn in a bank as per amount or per piece, you buy in the store, market, using your money.

[mezzaluna]

There are both advantages and disadvantages that both of this money can offer. Electronic money is where the money is kept in a electronic wallet that can be accessed thru a variety of Passwords, 2FA, Private Keys, Security Codes, Fingerprint Scanners, Voice Recognition and other things that can secure your own wallet. You can convert this electronic money into physical money but this will take time because that would take business days before they can process the cash out. Physical money is very useful because you can use it in your everyday life and this can sustain your everyday needs.

[sofikurban]

Digital money need for people daily life. Because physical money usage is not easy as digital.

[yamete kudasai]

Digital money need for people daily life. Because physical money usage is not easy as digital.

I prefer electronic money, digital money or currency like bitcoin to be specific. Because as you can see the value of it compared to physical money, although the value is fixed not like digital money but digital money has high price and also it can be used using you mobile devices or any other gadgets that can access these kinds of currencies. Digital money also is the way of fast transaction because of the intermet connection as I said.

[Cryptoproff]

There's a big difference between electronic money and physical money. But I believe that electronic money is much better than physical money. It's more useful.

[Weeko]

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. 

rather trivial question. Fiat money, unlike electronic ones, has a material carrier, while less convenient and less secure. Historically, Fiat is the first and therefore people are accustomed to this kind of money, but we are gradually moving away from this.

[Crazygreek]

Cash is much more trusted and easier to use by everyone. Digital money require a lot of skills that making them harder to use by old genration.

[Martinkuhn]

Physical money like cash is going out the way of dinosaurs. Look at China and india. I was in China recently and i was embarrassed cos I was using cash (physical money omg) while a old lady in front of me was using wechat pay to purchase her groceries. She must have been 60 years old and yet it seems so casual to be using digital money in a grocery store.

Developed countries like US, Europe are falling far behind as resistant to change is preventing mainstream adoption of digital money.

Physical money is expensive to print, waste lots of resources to print and manage .. we ought to move to digital money as soon as possible

[BarbusseH]

In some countries, in banks when accepting notes from other states, it is often said that your bill is damaged and take a commission for accepting this physical bill (about 5%). Of course you can take them to an ATM, but you still have to find it.

[ginika]

Electronic money has many advantages for us such as:
1. ease of shopping in minimarket
2. payment of public transport
3. toll payment
4. shopping online
5. the existence of special promos and discounts
Not only benefit us as users, it turns out that this physical money substitute facilitates government and profit for the country. The presence of this type of money is strongly supported by the government as a substitute for physical money. This kind of money is expected to help the government monitor and control the amount of money circulating in the community.

[mstfprcn]

The current currency that we have is the physical money which is accepted by all countries and is considered the official currency of each country. On the other hand, electronic money or the crypto currencies and technological currency which emerged lately which are used on online transaction.

[pinoyden]

The current currency that we have is the physical money which is accepted by all countries and is considered the official currency of each country. On the other hand, electronic money or the crypto currencies and technological currency which emerged lately which are used on online transaction.

wrong, we do only have different currencies aside from physical money . there were also cryptocurrency like bitcoins that act and work the same as fiats, the only difference is that cryptos are much more advance becauase they can also act as an asset. physical money is still the mainstream currency that we will use until the future because its obvious that physical money are much easier and all of the people can posibly used it no matter what is their state in life.