Will we ever live in a cashless society where cryptocurrencies thrive?

[trickyriky]

In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.

This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?

Naturally cash will be used as well as credit cards. Cryptocurrency will be something optional for the next several years at least. It is cool for trading mostly.

[yvesp110]

I don't think that we will live in a cashless society because not all people in a country can access and use bitcoin since it requires internet connection. And I think government of a country will not allow it since crypto currencies are decentralized, they cannot control it.

To be cashless society need a recognition from the government about the currency that being use. The disadvantages of without a cash is the need of internet to access on it and not all people do not aware about cryptocurrency around the world. Not all people are having access on it. It will be hard to be cashless because bitcoin has no stable value where you do not want to spend when the price drops.

Another point which I would like to make is that even with the fiat currency banking systems have developed a credit card system which gives you an opportunity to go cashless and with the cards only. The latest invention about thumb impression for payments on different places is also a very good step towards the cashless society. Crypto stays or not, we soon will be going cashless in near future.

[gordeevaar]

I do not think I will be alive to see such a system but my kids may be using. In developing countries, 70% population have not even heard about Bitcoins.

[trickyriky]

IMO
we live on the phase where the cashless is still being "adopt" . The price fluctuation still tolerable since there's people come and there's people go away

Right, we just start to adopt it. Meanwhile, I cannot imagine that in the nearest 15-20 years we will live in a cashless society.

[SaShiRaJaVu]

The golden period of wild crypto movement will be gone soon with the implementation of regulations and strict KYC procedure in exchanges,the future must be a cashless society and for that to happen it will take a very long time,the real question is will crypto currency thrive during that phase,it is very difficult to predict those things,but there will be certain changes ,if predicting things was that easy i would have being a billionaire.

[Granxis]

In fact, some of the world's population live without cash, many people do not even see the salary So the salary is paid automatically with basic payments such as rent, electricity, the internet. We live in an absolutely cashless society.

[charmedwitch08]

Why not want to live where fiat and crypto coexist making people life easier and better?!

Fiat for daily transaction like paying for transpo, buying something in the store or in the market etc... While crypto for paying utility bills, transferring money and payment for online shopping. Also we can use crypto instead of creditcard or payment gateway for credit card.

Fiat for daily living and cryptocurrency for all online transactions. Better and safer transaction online.

[StochasticOrder]

We essentially live in a cashless society already, most of the cash that is spent and circulated in done electronically and not physically. There isn't even enough physical currency to represent the total amount of transactions that occur. Cryptocurrencies are the next logical step in the progression of the industry. The main issue is avoiding the government's attempts to ban and control the crypto market as the central bankers panic about a new industry arising that they don't have direct control over. They are already seeing this as they can't just simply print more crypto or add 0's to the end of accounts like they do with regular fiat currencies.

[faceoff97]

In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.

This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?

When majority of the people get into bitcoin or any altcoin, its value will become more stable and its not going to be too volatile. We are seeing bitcoin dramatically changing its value because there were still few people who has the big volume of it. Its normal at this season to see sudden dropping and pumping, seeing how bitcoin gained popularity surely it will once again regain its high value.

Its toi early to see bitcoin being a primary form of payment, it might happen but it will take a lot of adjustment and adaptation.

[wildflower18]

I do not think I will be alive to see such a system but my kids may be using. In developing countries, 70% population have not even heard about Bitcoins.

That's true there are still some countries that some people doesnt know the use of cryptocurrencies. This time bitcoin striving hard its existince because of droping of the price. But, in the future I dont think we will see a cashless society. Although many users adopts this technology but we cannot ensure a cashless society will adopts by the whole citizen.

[jinxing]

Someday crypto money is definitely growing rapidly. With the support of increasingly sophisticated technology. All that will be easy pasilitas. And the future of everything that must be in search is instant. But if crypto money will replace fiat money in the future I think it is impossible because it is complicated for small transactions and the community would not agree.

[Sadlife]

Bitcoin doesn't need to replace fiat currency as payment for everything. It is just an alternative way means for payment. If an individual wants a faster and secured way to make transactions that doesn't want any third-party tracking him then bitcoin is right for the job or if that individual is just sick and tired with all the oppression, exploitation and control from our monetary system and just want to freely use his/her money then crypto currency will be there.

[qtypatuty]

A cashless society would be possible. However, a cashless society wherein cryptocurrencies thrive is less likely to happen. Cryptocurrencies are volatile due to supply and demand and if ever they will be used, the market will be disorganized.

[Karmakid]

I think it is not impossible to happen maybe in the future we are going to live in a cashless society,
I think once the government takes this crypto currency into their own maybe we would see a cashless society in the future,
But who knows there are online banks right now and maybe we could see it in the near future .

[owlman]

In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.

This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?

Of course, now it is hard to imagine. The prices for crypto-currencies vary greatly, especially during this period. But in the future I really would like to use my coins to pay for various goods and services, all the more so for this there will be all the amenities, ICO projects - this is proof.

[Xester]

In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.

This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?

Actually even bitcoin was not yet used, we are able to make cashless society happened.  We uses our credit or debit card to pay our groceries.  We can even pay our bills directly on our savings account.  And now that the cryptocurrency is the one in, it gives even more lot of opportunities to live in a cashless society.  It can be done on some part of the world but not the whole.

[mikan111]

I am confident that we will soon live in a cashless society, but I'm not sure which currencies will prevail. Cryptocurrencies or digital FIAT?

[gabmen]

In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.

This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?

Actually even bitcoin was not yet used, we are able to make cashless society happened.  We uses our credit or debit card to pay our groceries.  We can even pay our bills directly on our savings account.  And now that the cryptocurrency is the one in, it gives even more lot of opportunities to live in a cashless society.  It can be done on some part of the world but not the whole.

Well clearly, bankers are not welcoming this thought. Purchases using credit cards and now being restricted i think, to try and supress this revolution. Blockchain technology can really revolutionize how we do transactions and if given the chance everyone will benefit from it.

[di.ako.toh]

I dont think so that we will survive in a cashless society, because crytocurrency or digital currency can be obtain and use of all people who are aware of using technology as a tool. But how about the others or in a low level of community, whom are not capable of accessing in technolgy nowadays, so it is impossible for them to survive in a cashless society.

[Sled]

This is possible to think for the cryptocurrencies to have a big role in the financial system that we currently have in our world. We can live in a cashless society where the cryptocurrencies and the internet have its big roles that are keeping the world's economy well sustained for the next years and for sure in that era, the transactions are very fast, transparent and most important, secured.