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Sir Paijoe
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May 19, 2018, 03:52:32 PM |
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This is a fact that is happening, the presence of digital money actually make cashless society is increasing because they can not use digital money, this is government duty so that can advance them.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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careCentre
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May 19, 2018, 04:02:20 PM |
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The adaptation of the use of digital currency or electronic form of payment in my country has increased at a rate of 2% less than two years now. But the awareness of bitcoin is currently low in my country. It is just a few are into investing in bitcoin and other cryptocurrencies. With the electronic form of payment, we mostly use a system provided by the telecommunication companies in the country. The system is called the mobile money system... They manage the transaction process and set a limit at which people can transact services. There are a lot of limitations with the system. You can't make international transactions with this system.
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lotakasa
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May 21, 2018, 10:00:29 AM |
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Cash is a real money, and society can not excuse it, because it is an intermediary
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vivekyuvan
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May 21, 2018, 10:10:03 AM |
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What is money used for? It is a tool for trading with a standard set of pricing, so that it would be easier to measure the items being exchanged. Money is basically just printed these days. It can be printed anytime at whatever quantities that please the banks. However, commodities are actual goods. Commodities cannot just be printed as money. You can't print fish, cotton, or coffee. However there can be a surplus of a commodity, which causes prices of the commodity to go down, and a shortage which causes prices to rise. But as far as inflation goes, I would say there is none when it comes to commodities.
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chickenfacts
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May 21, 2018, 01:14:48 PM |
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No, it will take a long time to happen this because it's quite impossible for people to use digital money as the cashless society.
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nyerok
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May 21, 2018, 01:44:56 PM |
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yes of course digital currency is a very good digital currency and if china prohibits the circulation of bitcoin and prohibits the use of bitcoin it seems like a very good move to provide security and convenient transactions.
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tegarp90
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May 21, 2018, 02:10:08 PM |
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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.
I think digital money is domaninace in almost every country right now. People start leaving cash money, in my country there is an application which use QRcode to buy almost anything. The balance in the app, can be topped up by using mobile banking. So, people is start to leaving cash money. |
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ThunderCatSteve
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May 24, 2018, 10:50:26 AM |
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What is money used for? It is a tool for trading with a standard set of pricing, so that it would be easier to measure the items being exchanged. Money is basically just printed these days. It can be printed anytime at whatever quantities that please the banks. However, commodities are actual goods. Commodities cannot just be printed as money. You can't print fish, cotton, or coffee. However there can be a surplus of a commodity, which causes prices of the commodity to go down, and a shortage which causes prices to rise. But as far as inflation goes, I would say there is none when it comes to commodities.
Everything is going digitalized, and even the "numbers" that we have in our bank accounts does not represent anything rather than just number and those numbers can be converted in cash if we need but we can't get all our money in cash because of the limits that banks have to withdraw daily/monthly/weekly. Bitcoin is good because there is no limit if you have lots of money then you are lucky because you save bank fees a lot and the transaction time are faster especially comparing with weekends or holidays. |
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brightology
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May 24, 2018, 11:11:32 AM |
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We are New Era of cashless movement, which shows the improvement of Blockchain technology. Which is simply know that crypto currency has been taken place and more recommend for online payment, and more faster and confirm transaction, than others means of online payment
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manfredmann
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May 24, 2018, 11:17:09 AM |
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I agree with you that bitcoin is part of digital currency or money but it is not funtcioning as centralized system. As we all.know that bitcoin is decentralized and it has no stable value where it has volatility where we could take it as an advantagenin order for us to earn. In fact bitcoin is sometimes referred to as an investment. Just wonder why it became an investment and then take over and participate.
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DAVETUN
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Bitcoin is the currency of this age
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May 24, 2018, 11:31:04 AM |
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Bitcoin is sure enhancing the cashless policy advocated globally, if government embrace the Bitcoin currency this will ultimately increase the rate at which cash or fiat is been use as a means of transaction.
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Hairpin
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May 24, 2018, 11:49:19 AM |
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A cashless society will help pave the way toward living in a virtual world. Easy, convenient and seamless.
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elementus
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May 24, 2018, 11:53:26 AM |
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A cashless society will help pave the way toward living in a virtual world. Easy, convenient and seamless.
To be honest, we are already well into a cashless society. The majority of retail transactions are card/digital transactions in the most advanced markets. So the adoption of a blockchain based economy isn't really a stretch, as much as overcoming resistance and actually adopting a viable technological solution that works with the infrastructure in place (POS, and existing web shopping carts). |
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pinoyden
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May 24, 2018, 11:56:55 AM |
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A cashless society will help pave the way toward living in a virtual world. Easy, convenient and seamless.
Yes indeed. Being cashless is cool and innovative but i dont think all people can relate to it, i mean not all can use it because there were also poor country which composes of poor families that do not have access to computers and aside from that they do not also have a proper knowledge to understand and operate these cryptos. I guess cashless society is only possible to some countries that has a better way of living and of course countries that also accepts and legalize the use of cryptocurrency. |
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MahalQu2612
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May 24, 2018, 12:31:23 PM Merited by joromz1226 (2) |
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The world is slowly becoming digital through our technological advancements. People are recognizing the convenience digital currency provides and are slowly turning to it. With Bitcoin and cryptocurrency at play, digital currency can take a step further with the perks cryptocurrency has. We may be far off from becoming a cashless society right now but more and more people are taking side on the convenience of digital currency.
In our country, people are still widely using physical cash but more people especially the newer generation are more on using the digital currency.
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Cotton Candy
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May 24, 2018, 02:12:41 PM |
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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.
If that will be the era of rye digital money of course that is what will happen but that will be decades from now but they are starting because of the cryptocurrency. And the people are starting to cope up with the digital thing rather than cash. Nevause it is more convenient and they are handy. They are much safer for me. And yes the cash will extinct because before we have cash we have golds as our money and they are not used anymore and that is what will happen to cash. |
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First77 (OP)
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May 28, 2018, 05:17:45 AM |
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Past 8 months, I am paying all my bills online (via internet). It takes 15 minutes only
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rinkeshkashyap01
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May 28, 2018, 05:26:15 AM |
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Bitcoin era is not just cashless society but also cardless! Everything will be purely digital. Cryptocurrencies really helps our living more comfortable and easier than before. Everything can be done in a few clicks.,so therefore digital money is really cashless society because you don't have to work around with cash to make transactions. Digital money has become very beneficial since it improves one's discipline towards financial management , you can keep an eye and will see how much you've spent on something.
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Christian_k
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May 28, 2018, 08:08:51 AM |
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Cashless and digital transactions are now commonly practiced worldwide. Countries like Sweden and Belgium have taken steps away from the paper currency. Sweden is aiming to be the first country to go 100% cashless and 93% of Belgium's population pay through cards and phone applications. They even created a law to limit cash transactions.
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taksrkanah
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May 28, 2018, 09:26:54 AM |
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Yes, I think that's good. China is the largest digital currency exchange place, unfairly if people there do not participate in promoting digital money as a means of payment.
In addition, the government and central bank realize the importance of digital money as a means of payment for the future and would be better for bitcoin development if some Asian countries are also implementing the same thing as in China.
In my country, Banks still refuse bitcoin to be used as a means of payment but our state government does not really prohibit the use of bitcoin especially if it is only for online shopping.
In my country there are several places to eat, shops, restaurants, yoga places, and hotels that accept bitcoin, and there are bitcoin ATMs that can be used if you want to buy bitcoin in cash.
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