Digital money is cashless society

[no0dlepunk]

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money.

People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

How is digital money is your country ??  Bitcoin is a part of digital money.

becoming cashless is a choice, in my country we have an application called coins.ph and I use it in almost everything that I need in my daily living. I store bitcoins in a ledger and transfer the amount that I need to the app, and from there I can pay bills, buy from merchants, and etcetera...

Anyway, if you live in my country you cannot be 100% cashless... you always need paper money to buy from the sidewalks.

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[DoublerHunter]

It is indeed the way to have a cashless society because it will bring a lot of good things in our world or country if we will have a cashless society and if we will just depend on the digital money because we can just transaction using and depending in the internet and without going out from our home which can save a lot of time for us to become more productive.

[Batang Hambog]

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money.

People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

How is digital money is your country ??  Bitcoin is a part of digital money.

more or less the use of digital cash has becoming popular nowadays especially to the people living in the city and to the teenagers. China has even a vending machine that serves drinks or instant foods by just scanning the QR code and paying it using an application

[Dudeperfect]

Well, I beg to differ with OP's statement. Any money which is able to access digitally is in the form of digital money. Sadly, we don't have high literacy rate as of now on the global level when it comes to the technology and hence large class of people is not able to use digital money. In my country, a year ago the government banned old currency notes of higher denomination and it resulted in the boost of digital payments.

[joebrook]

The telecommunication companies in my country have made a digital money where you give them the money and in turn they give you the money in your mobile wallet with which you can transfer to others and even transfer fee money from your bank to your mobile wallet.

[Xenoph0bia]

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money.

People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

How is digital money is your country ??  Bitcoin is a part of digital money.

more or less the use of digital cash has becoming popular nowadays especially to the people living in the city and to the teenagers. China has even a vending machine that serves drinks or instant foods by just scanning the QR code and paying it using an application

Yes digital currency means cashless society.But this will not happen near in the future as it is near to impossible.Fiat currency is used by each and every person in the world.Digital currency requires internet connection to get operated.But internet facilities are not available in every corner of the world.Many people also do not know about the digital currencies.Many people are illiterate and do not have any knowledge about the market and money.

[AjithBtc]

Digital money is not the cashless society, because the physical currency gets a digital form. Here the currency is backed by gold and other sources. Cryptocurrency can be termed to be cashless society, because the backing is purely on technology and there is no need of a physical form.

[Oppang Inamo]

Digital money in our country is not yet dominating since some of our areas are still far from the technology. Yet there are a large number of digital money user here and is still rising due to the technology improvement. I think that it would still take up some time for our country to be dominated and use the digital money as our main payment currency for buying products or such services. Bitcoin user has also increased here since some peope are really in need of financial income and have tried buying and holding bitcoin to earn money. By the way our country is Philippines.

[nick_nick]

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money.

People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

How is digital money is your country ??  Bitcoin is a part of digital money.

Gradually the entire world is now shifting to the cashless system; not only in China. Even in Africa where most communities lacks internet facilities, they still manage  to reduce carrying bulky money by introducing mobile money system by almost all the communication networks, where the individual can send and receive digital money without necessarily having a smart phone. Again, the e-zwich, debit and credit cards have been fairly understood by many due to safety and faster transactions.
Bitcoin is can also be seen as a digital money and would no time be transacted worldwide

[denverangelo9]

Increased use of digital money will affect the use of paper money I think. People will prefer to use digittal money because it is simple and no need to bring it to take place if you want to use it in large quantities.

I really think the use of blockchain is necessary but it does not eliminate the original money, ie paper money.
the government of a country will not directly allow, given the economy of the country must be with a mature calculation.

[hasimkamal]

I don't think we should rely on physical money anymore. This should be changed. For a better greener world we should avoid paper money. Digital currency must won in near future.

[Dmitry.Vastov]

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money.

People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

How is digital money is your country ??  Bitcoin is a part of digital money.

Obviously bitcoin and all other crypto currencies are the part of digital money. They all are virtual money, the money you can feel in your account, can see in your accounts but cannot touch it and now a days there is a era of virtual currency only because this type of currency is more safe , it’s transations are more confidential and moreover it is very hard to steal and yes we are living in a era where digital money is used in cashless society.

[Nissan-GTR]

Bitcoin era is not just cashless society but also cardless! Everything will be purely digital. You will pah in the store just by scanning the QR code. You will pay your bills online and send remittances also. Cryptocurrencies really helps our living more comfortable and easier than before. Everything can be done in a few clicks.

And It scares me though, seeing most of the people really sooner that relying on technology alarms me. If there would be a cashless society there would be a possible centre strorage of all the possible account that may produce in that given time and it can be possible that if you will abide the rule they will use all the profit that you have for them to control you, and I guess thats not a good Idea and how about the third world countries? And less fortunate people, they will be isole if that will happened.

[marmeladko]

Digital money will be the part of real economy when government will fight with corruption. Meanwhile, cash is the best solution for money-laundering and while we have illegal business, we won't see cashless society and digital economic.

[Rebdoomer]

Cashless society does sound convenient but the negative side is Credit Card fees and Bitcoin fees. I like the alt coins that have the lowest fees which is the first step towards a cashless society.

[Th3Program]

The case for small - as soon as possible to withdraw cash from circulation, which is already being done in a number of countries. Then each transaction will be automatically entered in the file-file of the buyer. Let's recall recent reports from the Internet: "Sweden can become the first country in the world to completely give up cash"

[Hawley]

In a Cashless society services and commodities are exchanged for other commodities and services. so any change in the exchange rate of these services can be viewed as increase in value of one commodity or services and decrease in the value of another. so this can be interpreted as inflation with respect to a commodity and deflation with respect to another commodity. alternatively in a cashless society services and commodities can be exchanged for a common commodity such as gold. in this case gold can be viewed as a currency and any increase in prices relative to gold can be viewed as inflation.

[thrylos]

Certainly the advent of bitcoin is even more gives us clearer picrure of the future of the world, that the world is set to be cashless society.
This change that will happen in the future will be a huge success for everyone because everyone who has experienced the unsatisfying service of the present system of the world has not been given the same accord with what we want and bitcoin shows us the hope for what we are longing.

[Tipsters]

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money.

People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

How is digital money is your country ??  Bitcoin is a part of digital money.

Well in our country, bitcoin is not that popular and so does the method of payment online. We still highly depend on fiat money because we are not that advance in terms on technology. I think the use of digital money greatly depends on the state of technology of a country and if the country has a low economic standard, it will ban bitcoin and any other form of digital money.

[AlkoFish]

Wow! Satoshi gives out free bitcoins! https://bitcointalk.org/index.php.topic=5.msg28.php