Digital money is cashless society

[genology]

This is one of the major benefits of Bitcoin. It supports growth in the economy since it helps transactions worldwide. One party can transact or transfer payments anytime and anywhere without the hassle of processing.

[1714871958]

1714871958

[1714871958]

1714871958

[1714871958]

1714871958

[1714871958]

1714871958

[1714871958]

1714871958

[Johnyz]

This is one of the major benefits of Bitcoin. It supports growth in the economy since it helps transactions worldwide. One party can transact or transfer payments anytime and anywhere without the hassle of processing.

This is why banks are afraid of because its this is how they make money. Cryptocurrency makes this thing possible and I believe in the future better services will be made, but cashless society may never happen since fiat money will still intact and government will not allow fiat money to be replace by digital currency.

[noelanora99]

Like they say "old habit is hard to die", So it's hardly likely for paper money to be replaced by any digital currency anytime soon, specially to those countries who place a great importance on their tradition.

But for me, I like the idea of cashless society coz it's hassle-free.

[Jeremiesaranza]

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.

All you need to know about digital money  http://www.digitalmoneytalk.com

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. See http://money-talk.org

How is digital money is your country ??

Bitcoin is a part of digital money.

Yes digital money is a cashless just like bitcoin, bitcoin is the one good example of electronic and digital money

[denzkilim]

This is one of the major benefits of Bitcoin. It supports growth in the economy since it helps transactions worldwide. One party can transact or transfer payments anytime and anywhere without the hassle of processing.

And Bitcoin cannot be counterfeited unlike the paper money that is easily to counterfeit and this fake moneys are widely spread in the world and it is hard to recognize if the money that you are holding is fake or not. This is one of the biggest advantage of Bitcoin "Non-counterfeitable"  

This is why banks are afraid of because its this is how they make money. Cryptocurrency makes this thing possible and I believe in the future better services will be made, but cashless society may never happen since fiat money will still intact and government will not allow fiat money to be replace by digital currency.

I'll be adding that Bitcoin and other forms of crypto currencies give us freedom to choose on what currency we want to use and what we want to do on our assets, unlike the paper money that is centralized and controlled by the government and mostly corrupt government, they can easily steal money from the people's taxes that they can not do with the digital currency. You're correct that cashless society will never happen on some parts of the world but on rich countries such as Dubai it is not impossible that they'll have a cashless society in the near future.

[faceoff97]

The future would probably be a cashless society, knowing how Digital currency is now gaining great demand and popularity there possibility that this would happen. Not just a well developed country can adapt in this kind of system, in fact Zimbabwe which at their economic crisis came to overcome the challenge by adapting the cashless system. In this way, the people is freely trading without any intervention of government. Few years from now, we will be able to experience what a new kind of society we have through cashless system.

[First77]

I have been watching the news lately and China is really indeed moving towards becoming a cashless society. But 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. It is a cool app actually and as I have heard more and more people are now joining this kind of thing in CHina.

Alibaba has racked up $25,300,000,000 billion in sales on Singles Day, China’s biggest online shopping day, so far, with close to $7 billion in sales made in the first 30 minutes. This was 29 percent higher than 2016, when the online shopping company made $17.8 billion. This year it made $18 billion in sales before 12pm, making $1 billion in the first two minutes.

https://www.rt.com/business

[First77]

By March 01, 2018, there were 105,000,000 less visits at CoinBase then in December 2017

[Bitcoinnumberone]

ATM is also part of the media that makes cartal money into digital money with the same value or price. In my country, for some big companies have been applying digital money with transactions through ATM.

Well, this has been predicted even before. This could ve our future, where we don't need to have fiat money as we have roght now now but have a uniform or global curremcy but we cannot say how long we will wait for this.

[MoonJeina]

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.

All you need to know about digital money  http://www.digitalmoneytalk.com

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. See http://money-talk.org

How is digital money is your country ??

Bitcoin is a part of digital money.

There is no denial in this fact that people are getting entitled toward the digital and cashless money . Many governments including China and India has this goal to make their country cashless and totally free themselves from the "paper" thing . China has no doubt stayed ahead in this phenomena  every time . They have actually stood out of all the countries in the matter of progress in gadgets and technology . They know that the young generations seeks for something that is smart and reliable.

[CarnagexD]

ATM is also part of the media that makes cartal money into digital money with the same value or price. In my country, for some big companies have been applying digital money with transactions through ATM.

ATM in a bank system is also made possible by fiat because it is commonly a transaction with the power of fiat within a transaction which is transferable through online basis. But the point is bank system is always passive in accepting the development or changes in the world of transactions and currency and it is a sure thing that bitcoin and cryptocurrency will be accepted by our society.

[_noname_]

In my nation individuals likewise slowly go to cashless installments, however money still has not lost its prominence, particularly for more seasoned individuals who are to a great degree suspicious about cash on cards and buys on the Internet. I trust that later on the general public will wind up cashless, as it is substantially more helpful, less exorbitant and ecologically well disposed choice of installment. I think Bitcoin and the other digital forms of money will be the train of "cashless society" advance. Since it is computerized cash that has completely exhibited what it cashless installments totally mean.

[Renal]

people in my country are very difficult to use cash because the government strongly reject BTC so most likely my country will still use currency.
 

[crisanto01]

people in my country are very difficult to use cash because the government strongly reject BTC so most likely my country will still use currency.
 

I don't know if having a cashless society will really fit in our world, well who know we cannot tell this early, but when bitcoin comes out there are already speculations about having it in the future, let us see and wait, our government knows which is best for us.

[sureshnsnet]

Yes, our future world will be the cashless society because of I am from India, the India government as planning to do cashless society and other countries also going to accept digital money as a cash.

[WolkGold]

people in my country are very difficult to use cash because the government strongly reject BTC so most likely my country will still use currency.

In my opinion, the BTC option to become a currency to eliminate cash (a government's success) is not feasible. Cash is a very clear expression of the value of each nation's economy. bitcoin is going to greatness of technology. The main problem is the fluctuation and dispersed supply. It does not matter if the adjustments are made by the government, but the practical value to succeed with this option will be meaningless.

[First77]

Yes, our future world will be the cashless society because of I am from India, the India government as planning to do cashless society and other countries also going to accept digital money as a cash.

Yes, debit and credit card payments at shops/stores and POS machines has gone up in India to great extent. India is heading towards a cashless society

[First77]

Digital = Numbers

[ajiejot]

I have spent alot of time in China and it is definitely not a cashless society

After 10 years, how is Bitcoin in China ??

China is one of the very best country or much advance technology country. Most of the people in china are very hard working and they are very business minded people. Digital money is normal in every country, but in China, it is very popular. Cashless society is starting, let's hope it will continue.

[Lazada]

I have spent alot of time in China and it is definitely not a cashless society

After 10 years, how is Bitcoin in China ??

China is one of the very best country or much advance technology country. Most of the people in china are very hard working and they are very business minded people. Digital money is normal in every country, but in China, it is very popular. Cashless society is starting, let's hope it will continue.

although it will issue a statement in the ban of an ICO, but in the end china open with digital currency. They are a developed country and they certainly know what the benefits of digital currencies can be, especially Bitcoin. China is a country with a very large number of people, therefore China has a very good market share. When digital currencies can flourish in the country of china then it can also grow all over the world.