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Author Topic: Digital Money = Cashless Society  (Read 4000 times)
paisiifokin
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June 08, 2018, 02:16:43 AM
 #601

Such a thing is very hard to imagine in developing countries but it can be very helpful. This will be possible only when the government in those countries is ready for this.
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June 08, 2018, 03:09:12 AM
 #602

Cashless society is the thing that already is happening and growing by using digital money and cryptocurrencies we would transform a payment system
We are living in the cashless society as we are now paying and we are buying with digital money not with fiat money, now almost every country is switching to the digital system of payment, people can carry a lot of bitcoin in wallet without any risk, it is easy and time saving way of payment using digital currency, so for me the idea of cashless society is good for the better well developed society.
For the bitcoin environment certainly cashless already happened because you can shop anything with bitcoin in online without trouble. but our home environment is not necessarily cashless already applied. for example in my area are still very few people who use credit card / debitcard. let alone use bitcoin
nesty
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June 08, 2018, 03:24:40 AM
 #603

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 ??

Most probably cashless society will happen in the near future. Based on my experience it is very convenient to use debit and credit cards in shops, pay bills, and shopping online. And also it is more safer because we don't need to bring cash every time that we are going to shop in the malls and other establishments. Bringing cash sometimes can bring us to danger like robbery and the likes. Here in my country mostly people uses cash but more people now are open in using debit and credit cards and soon this country will adopt the use of the digital currencies.

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June 08, 2018, 09:55:53 AM
 #604

I highly doubt that digital currencies will be able to fully replace cash all over the world. They are quite different in terms of functions and operations plus the procedure of getting and installing new equipment for electronic money is way too expensive.

Handling cash is a headache. Currency notes get wet or torn. Coins are heavy and they fall from the pockets. Shops/Store owners have the real problem dealing with 5 to 10 kilos of coins everyday.
No doubt that handling cash is much difficult than handling some sort of crypt currency because cash can be lost at any time just because of the simple mistakes done by the person whereas, the case is totally difficult regarding cryptos because it is not in your pocket all the time, so you don’t have to worry about the loss. Access is the only thing in which currency has benefit over cryptos.
I agree with that because the cryptocurrencies are very safe to handle since even you lost your device or you accidentally uninstalled the wallet then you can still recover your cryptocurrency there by the back up passphrase that you have saved but in terms of cash, when you accidentally lost your wallet then there is only a small chance that you will get back your cash.
Digital money helps us to pay fee and other charges of stores or online stores within seconds. We do not have to pay them directly by hand and this damages the fait currency too and governments will need to make more and will use more amount of its manufacturing. We will get rid of wasting money if we adopt the Bitcoin, will save our money and will give us profit.
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June 08, 2018, 03:08:14 PM
 #605

 this is one of the most obvious things that we can know right now, that cash is already old and used system, and instead of it there must be something new.
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June 08, 2018, 03:15:17 PM
 #606

Digital money goes with the password we have if no cash can be traced by digital counterparts in those countries that accept it but they are two mutually parallel currencies
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June 08, 2018, 04:02:14 PM
Last edit: June 09, 2018, 11:00:17 AM by Tiger Junk
 #607

Well technically, digital money here our country will slowly adapt to the people here and not only by that and also cryptocurrencies.
We have a blockchain base wallet here that we can be received bitcoin and convert to fiat named is Coins.ph, this is also may use in paying bills, have a load in a mobile phone. Or other instead they went outside to send money in remittance to their loved one. Through this, a digital money that used the internet connection to process your request and it seems like bitcoin process.
Cashless right?

I do not think being a cashless society would be fully applicable in our country. Many people are still not into the digital money and still used in traditional fiat money. And i think cashless society will never happen because goverment will not support it.
Ann Impas
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June 08, 2018, 04:06:41 PM
 #608

In our country there are lot of online transactions like buying online, paying your bills online. It is very convenient and hassle free especially if you are a full time mom with small kids. You have no time to go to market or store. What you need you can buy it online using digital money, like buying load, etc

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cryptojaani
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June 08, 2018, 04:14:07 PM
 #609

Cashless society is the thing that already is happening and growing by using digital money and cryptocurrencies we would transform a payment system
We are living in the cashless society as we are now paying and we are buying with digital money not with fiat money, now almost every country is switching to the digital system of payment, people can carry a lot of bitcoin in wallet without any risk, it is easy and time saving way of payment using digital currency, so for me the idea of cashless society is good for the better well developed society.
I think the existence of digital money today is a necessity for transactions or other activities but that will not completely eliminate fiat money in general. because I think there are many things to do in cash means that not everyone understands a transaction activity that is only done with digital money, especially in countries that do not have high economic expectations. I think people in poor countries may not accept the existence of digital money as a means of payment because of the lack of knowledge about digital money.
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June 08, 2018, 04:34:35 PM
 #610

more digital money in the world community because it is very easy to use. but if people without cash or fiat currency lost due to switch to digital currency, I think it will be very difficult. in addition to the matter of time, because today the digital currency has not been received in all countries, also in terms of its use is difficult. because not everyone understands the use of crypto coins. in the cause of ability or because the economy of the country does not support.
valisa
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June 08, 2018, 04:58:28 PM
 #611

in my country the use of digital money is still very low, most people in my country mostly use cash to make purchases but now my country government supports the use of digital money but not bitcoin, I hope bitcoin can be used in my country for purchase transaction replace the cash
Epimetheus
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June 08, 2018, 05:10:27 PM
 #612

Well technically, digital money here our country will slowly adapt to the people here and not only by that and also cryptocurrencies.
We have a blockchain base wallet here that we can be received bitcoin and convert to fiat named is Coins.ph, this is also may use in paying bills, have a load in a mobile phone. Or other instead they went outside to send money in remittance to their loved one. Through this, a digital money that used the internet connection to process your request and it seems like bitcoin process.
Cashless right?

Cashless society means you can buy or shop anything or pay for something without the help of physical currency. Bitcoin is a digital currency and it help the cashless society by all its innovative advantage and innovative software. Bitcoin help the cashless society by  its money transaction facility. Bitcoin provide its user an secure and uninterrupted money transaction facility with low transaction cost. Because of this both online merchants and buyer choose Bitcoin for their shopping. Bitcoin also help people to book flight and train tickets, help to pay monthly rents, Emis etc.  Smiley
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June 08, 2018, 05:45:07 PM
 #613

Now the whole world is moving in the direction of non-cash money. The bitcoin in this matter is the ideal unit. In some cities, entire trading centers have already been built, in which only the crypto currency is accepted. Many, of course, do not yet fully understand that the crypto currency is exactly what will change our world.

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privedvelosiped
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June 08, 2018, 05:53:40 PM
 #614

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 ??

I read your message carefully and understood one thing, you know China well, its economy and its law. Personally, I know Germany well. So in our country, there is no cash at all. People have already forgotten to hold a trifle or paper money in their hands. Everywhere and everyone uses credit cards. On the one hand, it is good that there is no Fiat money, it will be easier for people to switch to cryptocurrency, because their principle is the same with non-cash payment.
ronafurw
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June 09, 2018, 11:18:53 AM
 #615

Cashless society is the thing that already is happening and growing by using digital money and cryptocurrencies we would transform a payment system
We are living in the cashless society as we are now paying and we are buying with digital money not with fiat money, now almost every country is switching to the digital system of payment, people can carry a lot of bitcoin in wallet without any risk, it is easy and time saving way of payment using digital currency, so for me the idea of cashless society is good for the better well developed society.
For the bitcoin environment certainly cashless already happened because you can shop anything with bitcoin in online without trouble. but our home environment is not necessarily cashless already applied. for example in my area are still very few people who use credit card / debitcard. let alone use bitcoin
We do not need any cash if it is less benefited for us and will directly attract towards more valuable currency which works more for us and brings easiness for us so we will directly adopt it. In the modern world almost all people are productive minds and they want to get maximum outputs of any business so here in the case of Bitcoin vs fiat people choose the valuable one.
Kita Kita
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June 09, 2018, 12:27:20 PM
 #616

this is one of the most obvious things that we can know right now, that cash is already old and used system, and instead of it there must be something new.
I am sure that not all people in this world will support cashless society because cash or fiat money is very important all over the world and  people will surely choose to used cash rather than to used digital money.

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June 10, 2018, 06:11:13 AM
 #617

well for me its not a bad idea to use a digital money.you can buy anything in anyways  because of Digital money even if you have no cash or paper money.but then again not all people wanted to use digital money.
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June 10, 2018, 06:32:28 AM
 #618

Digital currency is the in thing now. Many countries are opting for cashless. This means that the use of fiat currency which is fraught with theft. The use of credit and debit cards is the first step in digitalization. With the  gradual introduction of bitcoin and altcoins, total digitalization is the future economy.
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June 10, 2018, 12:53:46 PM
 #619

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 doesn't mean cashlesh society, we can have digital money without affecting the fiat money, a lot of people still uses cash as means of transaction
Bitcoinbitcoin0909
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June 10, 2018, 01:00:31 PM
 #620

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 ??
Time will come where everyone will be using digital money as technology innovates and rises more and more each day. Bitcoin and other crypto's are gaining much popularity in our country that's why there's a big possibility that everyone will be using it sooner or later. We should keep up with this change so we can make the most of it.

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