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Author Topic: Digital Money = Cashless Society  (Read 4000 times)
BitProCoin
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May 29, 2018, 07:13:34 PM
 #481

That is true since we know that digital money/currency is in binary form, so we don't need the tangible ones to pay our everyday needs. But since bitcoin and alternate cryptos have the same weakness during offline, it's really hindering its purpose to have a cashless society that will be working good.
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May 29, 2018, 08:16:54 PM
 #482

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 ??

Equally stated, digital money = cashless society. As we are now in the present, digital world invades us, drastically. No cash? no worries. We pay bills, have our remittance, earn money in a digital way. This is how digits turn the world upside down.
I myself think that it will be a not-worrying society when everything will be dealt in digital form and the money we will use be in only digital form. In digital way of life we will not do any hard work for some smaller tasks and we will save much of our time like if we will transfer money to someone then we will transfer that at our home from our online bank accounts. We can pay bills from our home with that account and will not need to go outside of home to banks for paying that bill.
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May 29, 2018, 08:48:04 PM
 #483

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 is really good because there are a lot of people today who are working on the corporate world and they prefer to work on bounty campaigns ore trading in the market because it was more profitable, they also like to use digital currency since it has faster transactions more than using fiat.

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May 29, 2018, 08:52:12 PM
 #484

I don't think that it is possible to put the sign of equal relations between the digital money and the cashless society. We will become richer twice if accept crypto currency and we won't need cash at all but this will happen not soon

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May 29, 2018, 08:52:21 PM
 #485

 Digital money is doing good here in my country as more and more people are now starting to recognize it's importance as a currency and as an investment.The best part of digital money is crypto currencies and this crypto is going to change the world economy in to a cashless society soon.I assume cashless society is vulnerable in many ways. You do not have something to alternate if you ever go outside of the web range.
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May 29, 2018, 08:55:30 PM
 #486

Cashless society isn't better i think. I can't see anything good in digital money to change everything. Cryptocurrencies are good but not when government have control under it.
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May 29, 2018, 09:15:50 PM
 #487

Digital money in my country now only works for the b8g companies, not even all of them. Digital money of course means cashless society and that being the case right in my own country is still a future thing. It's not for the now, because we have a lot to do on that, that is concerning the people as a whole. Getting them interested in Bitcoin, teaching and encouraging them. Then there is the case of the government accepting as a currency. We still have a long way to go.

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May 29, 2018, 09:17:26 PM
 #488

Hard to know. Maybe both of them will exist in the future. There are still many people can not access the computer or technology which allow them to use the digital money

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May 29, 2018, 09:40:25 PM
 #489

Well I think we are going to be a cashless society soon because of the technology,
There are so many online shops nowadays and I think the next thing that would happen is the fast food chains are going to accept online payments too,
Then everything could be paid online.

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May 29, 2018, 09:52:47 PM
 #490

Cashless society isn't better i think. I can't see anything good in digital money to change everything. Cryptocurrencies are good but not when government have control under it.
Maybe not just digital currency that will be a populer, virtual currency like bitcoin too that I'm sure will have many users and popular in the future, because they also have the same flexibility and usage that is in use online, so I think when the era of technology starts, digital currency will dominate as well as for cryptocurrency

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May 29, 2018, 10:26:11 PM
 #491

I guess yes, cashless society sounds good since it is more convenient to pay through electronic transaction instead of carrying cash nowadays, however their still shops don't have access to it so they still prefare cash.

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May 29, 2018, 11:06:03 PM
 #492

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 ??
In my own personal opinion, cashless is really great for consumers because it will be more faster and convenient for the consumers in sending their payment through online instead of carrying cash in stores. But cash is still important because we still don't know if our money is safe in our online wallet because it may steal by hackers, so cash is still important.
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May 29, 2018, 11:45:16 PM
 #493

Apart from paypal and all other forms of digital money, mobile money services are also becoming common in some countries. The telecommunication giants in these countries offer digital money services to registered members via peer to peer systems. People are able to buy goods and receive service via their mobile phones without having to walk into banks. Incorporation of bitcoin into these kind of services would be such a great news for blockchain and cryptos. 
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May 30, 2018, 01:01:07 AM
 #494

We are almost in a digital money situation since we are usually using accounts to store our money and to gain money from it as well, although with that thing, we still need to use real cash since it is the real basis of currency in our countries. We cannot just changed the traditional way of transaction just because of a new type of transacting system.



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May 30, 2018, 01:08:54 AM
 #495

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 ??
In my prediction tomorrows digital world will be a cashless world. Now people are too much busy with their personal life. At present time it is so tuff to go bank and take cash money for spent. i think in all sector like, school, college, shopping, traveling, tourism all will accept cashless currency in near future. Just wait and see.
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May 30, 2018, 01:44:47 AM
 #496

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 ??
In my prediction tomorrows digital world will be a cashless world. Now people are too much busy with their personal life. At present time it is so tuff to go bank and take cash money for spent. i think in all sector like, school, college, shopping, traveling, tourism all will accept cashless currency in near future. Just wait and see.
[/quote
It can also happen here in bitcoin payments and transactions, with the use of this technology it makes life more easier ,because you are transacting through digits especially if you are well verse with high tech gadgets , like computers and mobile cellular phones.

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May 30, 2018, 04:25:36 PM
 #497

Bitcoin has the best potential to represent cashless society because it is peer to peer and was decentralized. We should have to move our financial transactions to online in other to benefits from technological development. Probably in the coming future if advancement also affects the smaller establishment then this would be a really great option when paying.
Now it is time to remove all our problem and using bitcoin or digital currency to buy goods and for the sake of shopping, long ago people were only agree to use paper money or fiat to buy things as there was no facility to have digital currency but now it is very easy to have a lot of bitcoin in your online wallet and no one will be even able to know about it, no robbing no snatching will happen now so I am happy for the replacement of fiat or cash money with bitcoin.
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May 30, 2018, 05:48:53 PM
 #498

Cash is always a problem in people. I do not think there are too many links with the crypto money. Yes, you deposit the money there, but this is usually the paradise people prefer to save. Even if they do not invest, it is not cash to spend.
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May 30, 2018, 06:51:59 PM
 #499

As I see, credit cards are getting more and more popular in Europe, but it will take a long time to exchange all the cash with some online paying. But I personaly would love to see cash dissapear.
Cash has several advantages over digital money, but in the modern world, cash has a very limited scope. For example, without digital money, you can not buy something in the online store, you can not transfer money to a friend in another city or even a country, you can not make donations. Bitcoin opens up new opportunities, simplifies remittances and makes payments. I often use money transfers to relatives in another country, but I encounter a number of difficulties and restrictions that Bitcoin does not have. When paper money appeared, people were still skeptical about the new kind of money and continued to pay with each other gold and goods.
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May 30, 2018, 06:58:43 PM
 #500

that was good living in the cashless society world, can doing many transaction just in one click and can be transfered in any place anytime and fast thing, that was a huge improvment for the economic after all
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