Electronic Money vs. Physical Money

[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 think both physical money and crypto have their own seperate advantages and neither of them can replace each other. Physical money is accepted everywhere and the government of the country support and regulate it. On the other hand, Bitcoin and altcoins are one the world's fastest growing investments and have tremendous potential to grow in future. Crypto yet has to travel a long tough road is it wants to replace fiat money.

[1715022928]

1715022928

[saqibmunir]

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. 

For me It's best to invest or have electronic money because it is convenient, when you have physical money it might get lost or stolen but in electronic money is hard to be hacked or steal by someone. Investing it to Bitcoin is a wise decision also because by having your money saved you get to have profit and income it is safe also.

Yeah exactly it has a lot of difference bitcoin is a decentralized currency which is not stable because its depending on the demand while physical money is a centralized because it came from the banks and the government can supplies how many money should be produce for the year. while btc the miners are the one who produced bitcoin for us.

[bitcoinblog]

More convenience with Electronic money , move digits from one account to another 

Physical need little care , if rain occurs ... or if forgot in shirt and gone in washing machine 

[zafmine]

one is electronic and the other is physical  I think electronic money bears something in common with share. and as I know, phy money is accepted widely while at some places, elec money is just regarded as property, not a trading means. and bank note is more stable I think. it's safer as its existence closely attached to the existence of a country. it's can go down in price at some time, but it can't be hacked or totally gone

[Nyeyzel]

For me, it is better if you have both! Both have disadvantages and advantage. Electronic money, you can just use it if you have internet connection and smartphone so its dependent on it. While physical money is not dependent you can use it even, you don’t have internet connection or smartphone. Even you are far away from the signal range. Both have a convenient way to use.

[Kittygalore]

I think in my opinion Electronic money will start to emerge these following years. One example already is Bitcoin which started 9 years ago. I think for me Physical money is just the product of the past and we should just move forward and evolve the things we do. That's why we have science and technologies to enhance and to move up as time passes. Sooner or later Bitcoin will be accepted around the world as a currency because it is the first Electronic money ever created.

[Glorypaasa]

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. 

We are used to buy our necessities with physical money and sometimes with cards. Some people doesn't know about Bitcoin because they are just simply using the physical money and they're contented to it. What I think is that in the future the Bitcoin will be used as a currency and the physical money will just be phased out. We are currently in the technological era where technologies are being innovated and emerging. This will be the future of paying method, the future of currency and other cryptos will also be the same as Bitcoin, also a type of currency.

[nakamura12]

Hi guys, I just want to know your views and opinion about the difference in 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 that we are using to buy necessity. I hope we could share and learn from each other. 

The difference with the two money about the digital money or electric money and physical or fiat money are these first to be mention. Digital or electric money can be used by all to those who had knowledge about it but the physical or fiat money can't be used by all because every country had their own currency and you need to convert first in order to use in specific currency. Digital or electric money is decentralized while physical is controlled by goverment.
When you discuss about money wether it's digital or not they are the same. Bitcoin and other coin is base on fiat money or physical but it's price depends on supply and demand even if 1 bitcoin cost 11k physical money for example and that price may go up or go down that's another difference of digital from physical money.

[hagiyatmaz]

Electronic money is more practical and works great if you run a business and you have to make transactions to providers, customers and so on. Also, it's great to have access online to your business accounts where you can control your money movements.However. For the average citizen (like me), I don't trust banks. Like i like to say; Money is only 100% under your control if it's in your pocket. I have all my money saved elsewhere and, only use my bank accounts when i want to buy something, i go to the bank and put the exact amount into my account.

[Xenoph0bia]

Electronic money is more practical and works great if you run a business and you have to make transactions to providers, customers and so on. Also, it's great to have access online to your business accounts where you can control your money movements.However. For the average citizen (like me), I don't trust banks. Like i like to say; Money is only 100% under your control if it's in your pocket. I have all my money saved elsewhere and, only use my bank accounts when i want to buy something, i go to the bank and put the exact amount into my account.

Electronic money requires internet connection while physical money can be used anywhere and anytime.Electronic money is not legalised in many nations and in some countries it is also banned but physical money is accepted all over the world and transactions are also done through the physical money only.Physical money can be used by an illiterate also but for using electronic money you need to have some basic knowledge about it.

[Lecam]

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. 

Cryptocurrency is too way different from fiat. Digital money requires internet for we can't have or access it without it. It is more convenient to use and is faster to use in some transactions like paying bills online. It is actually safer than bank because it is decentralized and more secure than fiat that we entrust in banks. Banks are actually to risky and unsafe for us these days.

[unneros]

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

To me, electronic money considered as a significant asset and it contains all of the money in it, there are many wealthy people created from Bitcoin, and I wish that soon there will be many wealthy people. More from Bitcoin, there are so many poor people in the world, these virtual coins help them to live a better life.

[ButtCrack]

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

To me, electronic money considered as a significant asset and it contains all of the money in it, there are many wealthy people created from Bitcoin, and I wish that soon there will be many wealthy people. More from Bitcoin, there are so many poor people in the world, these virtual coins help them to live a better life.

Honestly, Electronic money does not mean it is a concept for Bitcoin. The government just called Bitcoin with this name while they do not have enough knowledge about history growth of cryptocurrency. Why do we call Bitcoin is cryptocurrency? The government have to find answer for this issue first.

[noloco]

Differ on who controls the production of money and the distribution, you are already using electronic money all the time, in the end coins and notes are entered in computers at some time as a register in a database

[jinxing]

Bitcoin is digital or electronic money that we can keep as assets. Or we can use but we can first exchange to our country's currency after that we can buy daily needs. But bitcoin in my opinion easy to can but complicated use. While the physical money we can directly use it, but for me physical money is difficult to get it. Bitcoin and physical money have their respective advantages and disadvantages

[Farhan786]

In some countries the electronic money is still not recognized and supported, so obviously, physical meaning is more effective at this time. Both are good but I like Bitcoin to make it easy to use and do not worry about the risk of having so much money in your pocket.

[UzumakiSakuragi]

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 very useful in daily necessity as we all know that cryptocurrency still on his way on process when it comes to legalization of  transactions ,cryptocurrency is  digital money

[honestinvestor]

Electronic money is much more convenient than Fiat.
But when I travel, electronic money doesn't always help...Even vice versa. Fiat Walt percentages are much larger than electronic money. Of course, it depends on the level of education and the economy of a certain country.

[Focus Focus]

The electronic cash you allude to are the Digital forms of money which is presently similar to the new world request and projection for installment trade without bounds. The physical cash is terned as the fiats. The significant distinction in both is the way to go/vision; decentralization! An installment approach in which methods for installment isn't possessed by any nation or settled for a specific nation or people. It isn't intended to be unmistakable not traceable and this has likewise been made conceivable with the assistance of the blockchain innovation!

[Partoney]

Hardware cash and physical cash have both preferred standpoint and hindrance in the method for how and where it being use. Physical cash is the most easy to understand, it can be use by all ages or even the uneducated individual however as far as security the physical cash is calm low not at all like hardware cash that are scrambled with computerized key yet it can't be utilized by all levels in a general public what's more it truly needs web association in each exchange.