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Author Topic: Digital Money = Cashless Society  (Read 3998 times)
Gumpfire
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July 04, 2018, 03:23:04 PM
 #761

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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 ??
In ny own opinion, digital money is being mostly used nowadays because it is very convenient and it has a very fast transaction. Everywhere in our country people are using digital money or cashless because they don't need to fall in line to pay their bills our buy their items. That is why i think bitcoin has a big possibility that it will be approved by the government because bitcoin is also a digital money.


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mahilchii
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July 04, 2018, 04:10:40 PM
 #762

My country is digitalized almost 5 years back and every where it is digitalized but my country is not yet approved or banned Bitcoin or any crypto as of now. I'm just waiting for any news from my country in the media and I will be happy if they announce crypto currency as a part of digital money or cashless society.

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July 04, 2018, 05:32:58 PM
 #763

I think that all around the world, the use of so called, digital money is increasing by the minute. All the e-commerce website show that. Only the undeveloped countries still have a lot of its trading made in cash. This countries are located in the Balkans, Africa and some poor Asian regions.
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July 04, 2018, 06:01:57 PM
 #764

With the existence of digital money does facilitate us in making purchases or transactions of any kind. However, most of the use of digital money will replace paper money and will make it difficult for some areas or places that do not serve digital money usage transactions in a less developed country.



I think somehow, there are people who became way basic pay as they are used. or possible, the people that have not been introduced a new payment method. we can wait a few more years and the world will be the public without cash. money digital now used in all parts of the world. this is very comfortable in the sense that you don't need to bring a bag of money just to purchase goods very expensive. only swipe or scan only, has been paid. new era we needed to have a new innovations to progress and for that to be a mixture of the world of high-Tech at this time. our world forward, as well as the application and products.
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July 05, 2018, 12:22:54 PM
 #765

Online payment made the world easier.Now we no need to go to stop to purchase,we can get from the home.
This is possible by the acceptance of online transcations. Now bitcoin is accepted as a one of the payment.People are now earning money from the Internet now

Good point of view, but digital money never = cashless society. Digital money has greatly evolved. It is real to buy some product into the internet using bitcoin or another crypto.
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July 05, 2018, 12:29:16 PM
 #766

What distinguishes is the bitcoin or crypto no country is willing to be responsible for the rise and fall of the price of crypto. crypto is considered very risky for use in transactions.
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July 05, 2018, 02:42:49 PM
 #767

Good point of view, but digital money never = cashless society. Digital money has greatly evolved. It is real to buy some product into the internet using bitcoin or another crypto.

Bitcoin has achieved its goal of decentralization and peer to peer payments.
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July 05, 2018, 02:47:36 PM
 #768

To make cashless society is no easy, only educated people can understand this digital currency. We are not only talking here the developed countries. In our country is also common by using debit or credit card but my country not cashless, here use cash also. But here people are not to be educated ,cause my Government banned digital currency.
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July 05, 2018, 03:48:21 PM
 #769

What distinguishes is the bitcoin or crypto no country is willing to be responsible for the rise and fall of the price of crypto. crypto is considered very risky for use in transactions.
How can you think so .. to use in terms of transactions I think is not a problem and not at risk .. precisely with crypto everything can be done easily and safely.
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July 05, 2018, 04:02:03 PM
 #770

There will be no such thing as a cashless society in terms of 10-30 years in my oppinion, the world is not ready for such a thing, if one way or another we have a cashless society the cash will not fade away since there are some nasty people with power on this planet which will not allow this to happen, if we step over the governments and banks and if we make them bankrupt we have a chance for a cashless society (if you mean cryptocurrencies by that) but it wont happen easy and will take alot of fighting and all the worst things on this planet, altough we will never have a cashless world I think it is possible that digital money will work with paper money at the same time.

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July 05, 2018, 05:28:01 PM
 #771

Most of my embezzlement I make a card, I'm used to paying only to her, when you can already not pay in cash.
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July 05, 2018, 05:42:41 PM
 #772

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 ??

What digital currency does is that it helps to eliminate cash in the society but no matter how hard it tries, it cannot completely eradicate the use of cash.
This is especially true in countries where there is a high percentage of illiteracy among the citizens. Most of the citizens cannot even operate the computer not to talk of making transactions on it. Other countries with fair percentage of literacy do not have access to the Internet which makes impossible for digital money to be earned and digital transactions to be made.

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July 05, 2018, 07:40:06 PM
 #773

Mostly countries that are progreessive will be the first , to aquire and use this digital currency ,if this countries are accepting cryptos and became legit , then the people who are holders of bitcoin can simpley used their coin in payments of good and services, especiallyvto the highly urbanized cities , then their is no need to bring cash fiat money , we transact to digital process, so this could be called a cashless society by tbe used of bitcoin and cryptocurrency

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July 05, 2018, 08:02:35 PM
 #774

Switzerland is obviously heading for cashless society. They're developing a new token Saga with low volatility and without an opportunity to speculate. It means it will only be appropriate for payments. However, it'll not be anonymous
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July 06, 2018, 02:52:40 AM
 #775

The Pentium Pro also had two separate chips inside so this doubled the amount of solid gold wire bonding that is usually found in a single chip CPU. Gold refining yields of the Pentium Pro have been reported to be as high as around one gram per CPU.

www.chipsetc.com/gold-value-in-computer-chips.html

1 gram gold = $40   Wink
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July 06, 2018, 03:00:18 AM
 #776

If digital money is put into circulation, replacing cash may be difficult, as using electronic money is often difficult for some people, and they are always afraid of the high risk. Not to mention the cost of government to meet the consumer demand of the people.
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July 06, 2018, 12:09:24 PM
 #777

I travel quite often and I want to tell you that I have met many European countries that use more non-cash payment than cash. When I paid in cash, the sellers looked at me very surprised. Sometimes they couldn't even give me a change because they didn't have any change cash. They asked, and you don't have a map. On the one hand it is a good market trend, but on the other hand it can be a problem for cash.
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July 06, 2018, 09:13:00 PM
 #778

Cashless policy is being advocated globally,Bitcoin and other altcoins are the real answer to the policy, overtime digital currency will take over the world and spending fiat will be for individual in developing areas.

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July 06, 2018, 09:57:53 PM
Last edit: July 07, 2018, 11:12:34 PM by Noctis Connor
 #779

I travel quite often and I want to tell you that I have met many European countries that use more non-cash payment than cash. When I paid in cash, the sellers looked at me very surprised. Sometimes they couldn't even give me a change because they didn't have any change cash. They asked, and you don't have a map. On the one hand it is a good market trend, but on the other hand it can be a problem for cash.

Yes, some countries especially when you travel in other nations, some of them are not accepting cash or it is rare for them to receive that, they usually used digital money to buy their basic needs and its like a cashless society, If the world accept this kind of method, It will be easier for us and for all the people o pay their bills by means of digital money without any cash out.
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July 06, 2018, 10:57:20 PM
 #780

I highly agree that the digital money means that the society will be cashless because digital money will make the physical money disappear because digital money will not have an inflation because there will be no printing the government will just make more supply if the supply is already lacking and they can decrease the supply in order to stop inflation.

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