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Author Topic: Digital Money = Cashless Society  (Read 3998 times)
Christian31
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May 26, 2018, 09:34:33 AM
 #441

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

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

People in my country are slowly adopting the online transaction because of its convenience. But paying through cash still exist because not all people have credit cards and not all establishments adopts with online payment. So physical money is still in demand. On the other hand, I haven't heard establishments who are already receiving Bitcoin. Probably this will happened sooner.
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ukloon
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May 26, 2018, 09:49:56 AM
 #442

It would certainly help to reduce counterfeit fraud but cash is always needed for local markets and unconnected places in the country. If there is a massive nationwide wifi service that can connect everyone then it is possible to go cashless, but it would require a lot of user training and many will resist

almersyn
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May 26, 2018, 09:52:53 AM
 #443

with our digital money eased for some things, especially for the means of payment that is not complicated and effectively taken anywhere without having to with the wallet pocketed. This is a very effective thing and if I think it is a convenience in payment and using it is not difficult
dongyi17
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May 26, 2018, 10:30:44 AM
 #444

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

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

digital money is now the thing in today's generation and everything now seems instant or easy, convenient, and is less fuss other than using fiat or card but now all country are using it, here in our country is not yet using it, but we are aware of it and our government hasn't accepted it yet and so for now we still using fiat as a medium of purchasing an in any transaction.

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May 26, 2018, 10:38:01 AM
 #445

With the proliferation of electronic and digital currencies, cash flows have ended, including the circulation of paper money and gold COINS.

Bitcoin is pushing us further into a cashless society until people stop using cash and everything is done and paid electronically.
noweightcoins
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May 26, 2018, 11:25:24 AM
 #446

Long time till we're going to become a cashless society. Lots of people from under developed countries still depend on cash and many are not even familiar of credit cards or electronic payments. We definitely are going there, but at least 50 years from now.
nightways
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May 26, 2018, 11:30:53 AM
 #447

Authorities around the world specially in Asia recognizing Bitcoin and expecting to finalized this year, they have attempted to rein in the global boom in trading Bitcoin and other cryptocurrency a form of digital money created and maintained by it's users. In China they start to banned initial coin offering and shut down local trading platforms, while the South Korea where speculation on cryptocurrencies is also life is working on plans to ban virtual coin exchange.
If gold can replace barter system and paper money can then replace gold, it is not impossible for crypto currencies to become the new medium of exchange. With the changing times, everything evolves. Nothing can remain same forever. Digital currencies are fast, secure, anonymous, easy to carry and more profitable due to which the number of people interested in here is increasing gradually. It won’t take long before crypt coins mainstream.
First77
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May 26, 2018, 11:32:27 AM
 #448

It would certainly help to reduce counterfeit fraud but cash is always needed for local markets and unconnected places in the country. If there is a massive nationwide wifi service that can connect everyone then it is possible to go cashless, but it would require a lot of user training and many will resist

You just need a debit or credit card and a bank account and Global positioning system (GPS) is the worldwide WiFi
Glorypaasa
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May 26, 2018, 12:57:04 PM
 #449

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??
Here in the Philippines has not totally adopt a cashless by using debit and credit card or any digital currency because there's a lot of people are fear to use this kind of technology but if they have a proper knowledge to use this kind of things for sure they will see the big benefits by using it.
alexsandria
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May 26, 2018, 01:42:30 PM
 #450

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??
Here in the Philippines has not totally adopt a cashless by using debit and credit card or any digital currency because there's a lot of people are fear to use this kind of technology but if they have a proper knowledge to use this kind of things for sure they will see the big benefits by using it.
Though a lot of cards such as debit and credit card, digital currencies and transactions working online provided by the present technologies fiat money have been part and is part up to now. I do not think our society would be fully label as cash less society.
Indra32
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May 26, 2018, 02:07:59 PM
 #451

I really believe that cryptocurrency is the future but right now, digital money isn't really taking over the whole world and I guess it is still a long process to have a cashless society because of cryptocurrency. It is not easy just to just wipe out all the cash in the society just because there is "Digital Money" trend. I think not every single person in the world will adapt digital money since there are still many people who doesn't support change in the world.
Gabash
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May 26, 2018, 02:34:25 PM
 #452

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??
...Cashless society have experienced the advantage of digital money or the electronic form of money as for online payment transactions. They realized that by using it it has a good impact for the users. Actually, my country started to adopt the cashless mode of payments.
usorin
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May 26, 2018, 02:38:06 PM
 #453

It is time to accept that in modern days there is no place for the chests full of money so obviously the only solution is digital money, easy to use and to trace.
fishball
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May 26, 2018, 06:40:44 PM
 #454

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

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

Digital money can really help the security of people. It can also reduce the rate of holdapers or snatchers. Transaction will be much faster and hassle free
Ryanpaul80
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May 26, 2018, 06:50:12 PM
 #455

Most of the time, people sit back to think of what means of transaction they should comply in terms of safety and security. Many people become very busy with work activities and find a little time in paying for bills and other things. Just last year, a friend of mine paid his bills of $30 using this digital transaction. After payment, he continued with the other task he was to accomplish hence helping to save time and ene
kipo
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May 26, 2018, 08:14:57 PM
 #456

I don't know for sure whether this formula is the correct one. As for me, the presence of digital currency provides us with many opportunities to earn money. As for me, it is the best innovation of the modern times
Bella Thorne
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May 27, 2018, 08:59:31 AM
 #457

In my state, its almost same as China but there are still many offline stores that collects cash from their customers. Here, there are many people who stops or opt-out from using the credit cards because according to them, it makes them spend more. You don't blame them though, everyone have their preference. I don't think the world may adapt or become a cashless society.

Yes I agree with this statement. Fiat money have been part of everyone's lives for so many years. I do not think it would be possible to fully label our society as "Cashless Society".

tazman
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May 27, 2018, 10:18:44 AM
 #458

I think digital money for example in the United States is more frequent but in my country and most people use cash. Of course there is digital money and some do use it but I would say in countries like mine cash is more frequent
cmacwiz
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May 27, 2018, 12:18:39 PM
Last edit: May 27, 2018, 04:38:18 PM by cmacwiz
 #459

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

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

Digital money can really help the security of people. It can also reduce the rate of holdapers or snatchers. Transaction will be much faster and hassle free
I think for a cashless society evryone needs to know about cryptocurrencues or digital money.Cash is used by every person in the world and it cannot be overtaken by any form of currency.Cash is being used from traditional time period and it is accepted internationally.Cash can be used anywhere and anytime unlike digital currency whuch requires an internet connection.Digital currency needs some basic knowledge about it but this is not the case with simple cash and can be used by anyone.

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Chachen19
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May 27, 2018, 01:27:31 PM
 #460

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.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??
Digital money will mean a cashless society if we only want to cash in. We can also convert our digital money into cash and we can use cash as we do. have used or designed modern digital currency trading machine.
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