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Author Topic: Digital Money = Cashless Society  (Read 3998 times)
Cinemo
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June 25, 2018, 05:12:21 PM
 #701

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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.

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.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??
The real problem is when I think it will be a new cryptocurrency is very important nowadays cause we have been able. I support cryptocurrency not capitalism cause of really good. Cause I support cryptocurrency and it is the only way for us. I support cryptocurrency and technology. I support cryptocurrency.
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June 25, 2018, 05:35:46 PM
 #702

well but not all of the people across the world can feeling the same way because not all of they country are giving much infrastrtucture for doing cashless society, but i think that was a good for the economic with very fast transaction

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First77
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June 25, 2018, 10:57:35 PM
 #703

"Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way,"

Erganadine2728
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June 26, 2018, 04:13:02 AM
 #704

Maybe someday you can become a substitute for bitcoin paper bills, because of the simpel and not bother to carry it and the storage is very safe.
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June 26, 2018, 10:01:40 PM
 #705

Crypto and paper money (Local Currency) must be equally present unless all residents of a country have fully understood digital technology. Crypto will not break the fiat. Crypto comes to simplify and speed up transactions. Not to be an enemy.
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June 26, 2018, 11:39:48 PM
 #706

Digital money a.k.a Bitcoin and other cryptocurrency would certainly help the financial industry to grow, the idea of cashless policy is very ideal for security reasons, when citizens don't move with cash, it makes funds transferred fast via Bitcoin and secure.
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June 27, 2018, 12:34:01 AM
 #707

I think in my country it would be hard for some people to use a digital money mostly for those old people who don't know how to use it and they still choose to use a fiat. But for me a new generation of my country, I prefer to use a digital money for the fast transaction for payment and security of my self and money to the bad people.
reinielle26
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June 27, 2018, 04:50:58 AM
Last edit: June 28, 2018, 05:15:41 AM by reinielle26
 #708

According to PayPal Asia research report, my country is well on its way to be a cashless nation. 25% of its consumers were surveyed and points out that traditional (physical credit card, bank transfer / internet banking, cheque etc.) and new payment methods are now their primary options. As a matter of fact, one third of consumer respondents in the country have already started cashless-transactions. For them,digital money is convenient to use and it has lower transaction fees. And I think so too, you can easily send money through it. That is the reason why people prefers and adopts digital money.
http://adobomagazine.com/philippine-news/philippines-must-adopt-digital-payments-fully-realize-its-cashless-journey-paypal
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June 27, 2018, 08:50:31 AM
 #709

70% to 80% less cash in the world economy will also be very good.
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June 27, 2018, 09:19:29 AM
 #710

Cash money is already an old and used system of payment,  because it is non secure in case of stealing, it is not that durable physically, in all the terms, digital money is better.
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June 27, 2018, 09:35:54 AM
 #711

There will always be cash and no such thing as a cashless society. 
Its just too old fashioned and people and businesses are too used to paper to force them to use digital money.
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June 27, 2018, 09:50:16 AM
 #712

The cashless society has emerged in the first place in some countries that are tightly regulated by the financial system. This is a very ironic thing. but in countries such as Japan and Switzerland that have a very developed financial industry do not have a cashless society.
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June 27, 2018, 11:01:12 AM
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I think digital money is just as an alternative to payment, fiat will never disappear in society
There are possibility that fiat money maybe obsolete because the technology keep on advancing and people most daily activities payment were done using the post terminal payment, card and TT.
Technology makes us able to pay any where in the world within seconds and especially the Bitcoin technology. For transaction it is not difficult to use your wallet, this time Bitcoin is responsive source which is helping us in easy and fast transaction.

Once the people get knowledge about the technology then we do not need cash. If a person is not aware of the use of the technology so it is not difficult to learn about its use because it is in our benefit and we are to learn about it.
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June 28, 2018, 11:53:35 AM
 #714

i live in Indonesia, and still using cash al the time, but lately the government try to make this country cashless, i can see it from how i pay the highway i use the electronic card, well cashless system still growing in my country and i hope that this system can grow optimally in my country to make everything in payment more simple, easy and safe
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June 28, 2018, 12:31:46 PM
 #715

I think digital money is just as an alternative to payment, fiat will never disappear in society
There are possibility that fiat money maybe obsolete because the technology keep on advancing and people most daily activities payment were done using the post terminal payment, card and TT.
Technology makes us able to pay any where in the world within seconds and especially the Bitcoin technology. For transaction it is not difficult to use your wallet, this time Bitcoin is responsive source which is helping us in easy and fast transaction.

Once the people get knowledge about the technology then we do not need cash. If a person is not aware of the use of the technology so it is not difficult to learn about its use because it is in our benefit and we are to learn about it.

Why would you want a cashless society?
I enjoy my privacy and don't need to have all my transactions and everything I buy or sell recorded on a blockchain.
A cashless society would be a wet dream for some governments, eliminates all financial privacy in an instance.
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June 28, 2018, 12:34:08 PM
 #716

Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"

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.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

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

I am a strong Bitcoin's advocate, but I also believe using cash money is the only way to spend and receive money without being traced. So it would not be a good thing if cash will disappear.

First77
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June 28, 2018, 11:34:43 PM
 #717

I am a strong Bitcoin's advocate, but I also believe using cash money is the only way to spend and receive money without being traced. So it would not be a good thing if cash will disappear.

I read that shops/stores sell Bitcoin immediately after they get the payment because of fear of price change.
Rage
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June 28, 2018, 11:38:28 PM
 #718

People in here who are always trying to create and be part of a cashless society are the first ones who are always losing money. IT IS NOT going to happen in less than 10 years people!

Jamescur
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June 28, 2018, 11:46:38 PM
 #719

The cryptocurrency has no mobile payment speed in price fluctuations, transaction costs and transfer time! This is the main reason why cryptocurrency payments are not popular in China!
China's cashless society uses mobile payments, which are mainly done by Alipay and WeChat payment! They don't use credit cards and digital cryptocurrencies!
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June 28, 2018, 11:59:21 PM
 #720

many countries are trying to attain cashless society in the form of digital of their fiat currencies but cryptocurrencies play vital role in such move and blockchain is very essential

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