Bitcoin will survive in "cashless society" ??

[hanadaya]

In my opinion in some developed countries Bitcoin is a legitimate payment instrument, and they don't have to use cash but digital money or credit cards, it's safer and more practical for payment. Bitcoin can survive in the community without using cash.

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[Kick]

Yes, definitely, it will survive and brings a big change in our financial system. Bitcoin can help in the transaction and monetary payments without the use of any cash. I hope we don't have to use many types or credit card or debit card, and we only need to carry one wallet which has bitcoin. So I believe bitcoin will be the best option in terms of using digital cash in making transactions.

[ukr2net]

Bitcoin can or not be accepted by majority of people in the near future. The reason Bitcoin will remain popular are worldwide investments in Bitcoin.

[Tduty]

Of course, bitcoin will survive in " Cashless Society" where people will use digital money like bitcoin. I strongly believe bitcoin is a good example of a cashless society. If it became into reality, there's no reason that bitcoin won't survive. So I believe that as soon as possible Bitcoin will be accepted all countries and it will survive in cashless society.

[mahibul49]

definately bitcoin will survive in cashless society bcz you can in england bitcoin is popular and all over the world people like bitcoin and bitcoin is virtual currency and virtual currency is future money.

[Anish02]

Yes, absolutely it will survive in cashless society. Nowadays Bitcoin has become so popular everywhere. And people are starting adopting it. Now many big companies are started to accepting Bitcoin as Way of payment. So it has the ability to survive in cashless society. People will easily make the use of it to purchase the things in upcoming days.

[cizatext]

The world financial system is moving towards cashless mode of transactions and that bitcoin/cryptocurrency as the only currency which does not have any physical value but exist digitally is the main target and means of real cashless, the cashless society will survive well with the use and adoption of cryptocurrency as the global currency.

[sinta23]

In my opinion in some developed countries Bitcoin is a legitimate payment instrument, and they don't have to use cash but digital money or credit cards, it's safer and more practical for payment. Bitcoin can survive in the community without using cash.

there is also evidence that other countries are using and approving bitcoin as a transaction tool, but this is not fully used for transactions, of course cash is still used, because it plays an important role.

[Burogh]

Bitcoin is like digital currency and store of value. Its more flexible than fiat money. We can use bitcoin in others country as long merchant accept it. But the obstacle is on government regulation, and if regulation issued by government i am believe bitcoin will lead in cashless society because beside used for currrency, it can use as store of value

[lazygin006]

Yes it will of course. Bitcoin is different to a normal form of digital payment. It is more secured and decentralized which means it will attract more people using it when it gets more mature. I think it will only get bigger and more popular as technologies develop.

[Layers318]

It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

The cashless society is yet to come where the paper money will be entirely out of the story. Bitcoin will spearhead this revolution by offering convenience, speed, security, user control, and low cost for transactions using Bitcoins as a payment method in stores, businesses, online and offline etc.

[Ekimzjames20]

It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

The cashless society is yet to come where the paper money will be entirely out of the story. Bitcoin will spearhead this revolution by offering convenience, speed, security, user control, and low cost for transactions using Bitcoins as a payment method in stores, businesses, online and offline etc.

Bitcoin is started to offered a cashless society in some other countries but not worldwide. I think it can survive soon, if all countries developed and with the upgrading technology.

[mashutka444]

Bitcoin will survive in a cashless society and will flourish. It will be used more in those countries where non-cash settlements are more developed.

[Yadstiker]

in some developed countries bitcoin does not use cash they only use a bank account number card, this is a more convenient and practical way for your financial security. and the community will be able to maintain the payment system by using it without cash

It's true and besides you can get enough benefits when you are using account number card which is you don't need to withdraw your funds if you needed to buy something it will happens if the store or market is available and will accept those kinds of a payment methods.

[btcnijuan]

The transaction technology is evolving also not just gadgets, people are innovating things to make life much easier and less hassle, using cashless payment you won't be afraid to get stolen because it is in your card or bitcoin wallet and are safely secured

[andriw]

The money stored in a bank in the form of a debit or credit card must have a physical money guarantee at the bank, and if it is said that money in a cashless society does not have a physical presence, it is wrong. even money issued and circulated in a country also has evidence of physical security in the form of gold worth the amount of money in circulation or known as the pseudo-gold system.

[Abram434]

Yes obviously ,As times change with advancement of technology it is important to understand the future of economics.This issue would be a critical point in the history of economics, due to the many forms of economics that uses money supply as a factor in models, equations, banking, and interest rates. The change would cause a ripple effect in the economy, which is why we as economists should understand the issues that come with a Cryptocurrency and cashless society.  Using the advantages and disadvantages of bitcoin to connect to the idea of a cashless society in modern times. Each disadvantage is given a solution which would allow for bitcoin to advance society towards a cashless future. Sweden is used as an example of a location which is deemed to be approximate cashless society. Insights from the Sweden model are applied to bitcoin to show how feasible bitcoin is to create a cashless society. Bitcoin is a viable option for a cashless society if and only if there are revisions to combat its disadvantages.

[rajsimran]

As more and more countries become "cashless society", Bitcoin will fail in next 5 years.

How you can say if more countries become cashless society bitcoin will fail in the next 5 years? would you please describe? I think bitcoin will take attention more people. Because of transfer fees, Can hide identification, As much customer want they make a transition (no limit). Maybe I can be wrong please explain me with your thoughts.

[Rosesie]

Yes, i agree with you. Foe me, bitcoin will always survive. In the development society nowadays, i believe that bitcoin will contribute to built a strong cashless society

[primer61]

Bitcoin will survive in cashless society, may be not replace fiat money entirely but coexist.

They have different properties and basic concept, such as anonymity and decentralization, that are the greatest advantages over fiat currency.