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Author Topic: Bitcoin will survive in "cashless society" ??  (Read 2965 times)
Sam San
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October 31, 2018, 09:14:46 PM
 #281

This is really a big problem and it takes time to change. If all payment methods are bitcoin, I think in places where the internet is inaccessible, we need to have traditional money. So, in order to be ready for this innovation, the government must facilitate and develop the country so that bitcoin payment methods are used everywhere. And this takes a lot of time to change it.
without the Internet and connection to private technological networks, it is impossible to conduct any transactions on any plastic cards in Fiat, so that cryptocurrencies too will not be able to live without the Internet.

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mensahkkofie
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October 31, 2018, 11:05:11 PM
 #282

I believe we are already in the cashless system in most parts of the world. Even in the developing world, you can easily transact business payments through cashless methods such as debit and credit cards. Bitcoin is really ready to compete in the world, where the cashless system is already implemented.
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October 31, 2018, 11:23:27 PM
 #283

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


Yeah that's is true all develop countries are using debit credit cashless transaction using credit cards to paybills or use it to buy goods in the markets.

To be honest this type of payment system isn't really secured because there are some issue about the card cloning, unlike if digital currency bitcoin is very safe to use for cashless payment system because only the user can touch the phone to pay bills.

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November 01, 2018, 12:24:30 AM
 #284

Bitcoin will not only survive the era of cashless society but might become one of the leading currency in that time. The number one cryptocurrency is created for online payment purposes with decentralized feature to help people in their currency transactions without using a third party. During the time of cashless society, people will have a choice of choosing a centralized virtual fiat and decentralized cryptocurrency where middlemen is no longer needed.

I think if more fiat currency become digital payment, bitcoin become one option. Once gold used as currency and when paper money come, gold become an asset. I think bitcoin will become an asset because bitcoin is a store of value too.

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