First77 (OP)
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February 28, 2018, 06:29:19 PM
Last edit: June 10, 2018, 10:39:52 AM by First77 |
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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"
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leath08
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February 28, 2018, 06:42:19 PM |
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Of course it will, Surely that was one of the reasons for creating Bitcoin. I'm not sure bitcoin will actually be used as a currency, i think its more a store of value. Some of the other coins will be used as currency.
Here in the uk we are behind the times at bit with crypto, i wish it could take off here more like the states.
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First77 (OP)
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February 28, 2018, 06:45:07 PM |
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As more and more countries become "cashless society", Bitcoin will fail in next 5 years.
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ramdav
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February 28, 2018, 06:46:39 PM |
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Bitcoin will survive, if the issues it has can be corrected it will be around for possibly a long time.
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damrianto
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February 28, 2018, 06:49:30 PM |
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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
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longwintershere
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“Revolutionizing Brokerage of Personal Data”
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February 28, 2018, 06:51:14 PM |
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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 also not have physical presence in "cashless society/countries"
bitcoin is cashless society. It's probably the beginning of it as even the banks and other instituions are adopting blockchain to use it for similar purposes. therefore bitcoin as future of money makes a lot of sense |
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pharaon
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February 28, 2018, 06:53:43 PM |
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As we see, Bitcoin already is very popular, and some shops accept him, as means of payment. So that in future, I consider, Bitcoin and technology of blockchaine will be all anymore inculcated in society.
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Basmic
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February 28, 2018, 06:56:10 PM |
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Bitcoin feels better in a non-cash economy. If the cash disappears then bitcoin will win the battle with Fiat. The scalability issue is not resolved now. As soon as this problem is solved at the global level, bitcoin will become an acceptable means of payment for trading. This will give a big boost to the popularity of bitcoin.
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First77 (OP)
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February 28, 2018, 06:57:52 PM |
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in some developed countries bitcoin does not use cash they only use a bank account number card,
and what are VISA and Mastercard debit and credit cards ?? A person in UK can buy water filter from USA using a debit/credit card. Money become digital and international after conversion rate. |
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pri3oner
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February 28, 2018, 06:59:14 PM |
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U shouldnt forget about that dirty money that are involved into crypto. Till the society has tis "kind" of business crypto is alive, I think.
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kueyen
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February 28, 2018, 06:59:55 PM |
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I don't see why it shouldn't survive. Sweden is perhaps the most cashless society that currently exists, and they are perfectly fine with using bitcoin. No cash means the difference between fiat and cryptocurrencies are reduced and there will be fewer roadblocks in the way of crypto adoption.
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DooMAD
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February 28, 2018, 07:05:34 PM |
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Bitcoin will thrive in a cashless society. Doing everything by credit/debit card means the banks can monitor every expenditure you make for the rest of your life. They can tell exactly where you are and which company you're transacting with every time you spend "your" money (except it technically isn't even yours in the eyes of the law, banks legally own the the money you deposit with them, you're just an unsecured creditor). Eventually, people are going to realise this and will see such surveillance as in intrusion on their privacy. And if more people realised the money they put in the bank doesn't actually belong to them anymore, less people would be using banks right now.
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senin
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February 28, 2018, 07:16:18 PM |
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Crypto currency is actually one of the types of non-cash money. Therefore, bitcoin will most easily be implemented in those countries in which cashless settlements are highly developed. However, despite the obvious progress in the transition to non-cash settlements, it seems to me that cash for many reasons will exist for a very long time. The Crypto currency will walk in the company in parallel with cash.
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First77 (OP)
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February 28, 2018, 08:18:43 PM |
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Crypto currency is actually one of the types of non-cash money. Therefore, bitcoin will most easily be implemented in those countries in which cashless settlements are highly developed. However, despite the obvious progress in the transition to non-cash settlements, it seems to me that cash for many reasons will exist for a very long time. The Crypto currency will walk in the company in parallel with cash.
All the talks of Bitcoin uses are failing. How can people ignore "cashless society". What new does Bitcoin have for the world economy ?? |
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stripykitteh
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February 28, 2018, 08:21:42 PM |
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As we see, Bitcoin already is very popular, and some shops accept him, as means of payment. So that in future, I consider, Bitcoin and technology of blockchaine will be all anymore inculcated in society.
You are talking about the whole technology of Blockchain correct? That is should be improving these coming years. |
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First77 (OP)
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March 01, 2018, 01:09:34 AM |
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You are talking about the whole technology of Blockchain correct? That is should be improving these coming years.
Now Bitcoin is just an asset lower than Silver. |
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kkukkugaga
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March 01, 2018, 01:19:23 AM |
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Yes it will just like how other countries use btc as term of payment. Cash is just something that government give value, and if more and more people trust btc, it could bring us to cashless society soon. It's just that today, only few believes in the power of btc and so does it's still not applicable to be used as payment and can't replace cash or physical money that we are using everyday.
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ghost07
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March 01, 2018, 01:29:16 AM |
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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 also not have physical presence in "cashless society/countries"
In cashless society bitcoin will use more because it is the famous currency that use as a payment online. It is also has lot of wallet to use to store our assets. But for me they only use bitcoin in 50% only because we have our traditional currency that use everyday. |
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SUDARMONO
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March 01, 2018, 01:37:09 AM |
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Perhaps in some areas may use a currency without physical money, but it will never happen in the entire hemisphere, all have its own obstacles, especially internet network services for the interior, it is difficult for the application of digital currency.
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boboking
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March 01, 2018, 01:45:25 AM |
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Yes it will. It has been years that countries are mostly using electronic money/debit card/ credit card.
The reason Bitcoin will survive is because of it's characteristic that make it attractive to people, decentralization and privacy.
Even if we are living in absolute zero paper money and everything is digital it is still controlled by a few people.
Also we all know the hassle in creating a bank account or even sending money using paypal or western union, specially if you are sending a large amount.
The real question should be if we are in a cashless society do we still need FIAT.
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