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Author Topic: Digital Money = Cashless Society  (Read 4310 times)
Poortorich2018
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June 01, 2018, 12:16:41 PM
 #521

In my country in the Philippines also has Credit Card/ Atm and Etc. for using of payment, we use also 7/11 station, bayad center thru computer, but we still use Money cash in over the contry for daily living. but I believe in the future the Philippines will also use the digital things/Criptu for all the transuction that will be going to do. its a big helpful for all the country mostly on my country in the Philippines for eassy  to work to do and faster to do.wherever you are and  whatever you do. the greater things will come in our generation.
MoreMoneyHunt
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June 01, 2018, 12:44:26 PM
 #522

That is the future of money - cashless. This is a revolutionary movement that is inevitable and Blockchain will lead this. Blockchain offers much benefits in terms of speed, low fees, and security. In my country, the government is neutral about cryptocurrency and the people are gradually tapping the concept.

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mia khalifa
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June 01, 2018, 01:22:36 PM
 #523

in my country digital currency is entering a period of introduction which means there are still many who do not know digital currency and still many who do not use digital currency, they are still accustomed to using paper currency.
fight-T
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June 01, 2018, 01:45:57 PM
 #524

This sounds professional. But now my country still enjoys using cash, some bitcoin currency concepts are a bit strange to the people. So I hope in the near future bitcoin will be widely available, so that everyone can grasp and invest to make a profit.

alfs75
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June 01, 2018, 01:47:51 PM
 #525

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 ??

actualy this is a good sign that cryptocurrency continue to moving forward,by making the world of cashless society and maybe this happen in china is the first time to introduce all over the words that being a digital technological society or  means of cardless could be possible to implemented for the help of economic growth,and maybe soon this will be implemented all over the world especially if bitcoin become regulated.

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Red Fish
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June 01, 2018, 01:57:24 PM
 #526

Bitcoin can not be used in shops, because cashier will not wait 20 - 30 minutes untill full confirmation. Shops need very fast digital cash transfer in 15 - 20 sec. So Bitcoin is not enough fast, even altcoins can not be transfered in 15 - 20 sec.  Wink
nightxglow
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June 01, 2018, 02:28:18 PM
 #527

Well of course if a country already support digital money, and almost everyone in the country use digital money, they would be cashless society, since they won't even need paper money to transact anymore.
But sadly, it doesn't happen in my country. My country still depend on paper money much. It's hard to find place where we can use card or digital money. Most place only accept paper money as payment. And moreover, my government banned bitcoin as a payment method, so there won't be a time that i will use bitcoin to pay something, unless they delete the regulation about bitcoin banning. But i think bitcoin is not suitable to transact? Since i heard that it took long time to confirm or whatever? Not really sure since i never use one before.

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Pendularin
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June 01, 2018, 05:18:16 PM
 #528

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 think it will not happened because some street vendors doesn't know about the technologies On bitcoin. About transactioning the payments through the system ,we all know that some people still believe on the paper money because of the historical and well known all over the world. Instead of cashless society I think paper money still  exist but it will reduce because of digital money.
cizatext
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June 01, 2018, 05:28:21 PM
 #529

My country as a third world country is still coming to reality of the cashless economy but we have some level of progress in that direction due to the fact that the number of educated people are in the increase and at that so many people are now optioning in to online payment method which bitcoin as a digital currency is one of them making buy and selling across borders easy and fast.
kwusu
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June 01, 2018, 05:51:38 PM
 #530

Most of the countries in the world are moving away from the cash system to cashless system. I see this move as a good one because it will help the economy grow in various ways
PlusOne88
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June 01, 2018, 06:23:50 PM
 #531

We know bitcoin is popular in the internet. Many people had used it. But on the other hand if we will look at the entire community of people only a few had so much interest on it. Still too many have not yet been informed about the benefits of using it. This is what happens in my country. Being cashless is yet way too far to be realized. One factor limiting the use of digital money is internet connectivity. Many of the stores here are just small and could not afford paying it.

AntonGrishko
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June 01, 2018, 06:28:03 PM
 #532

To have a society without cash we need a lot of external impacts, most of the world today are all using facial expressions, but each country has a distinct currency, I think If Bitcoin were to make international money, there would be a lot of things to be done quickly.
micheal34
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June 01, 2018, 06:37:23 PM
 #533

This is kind of society i hope for one day, it think that kind of society is approaching fiat will not be in existence i think crime will be reduced to minimum.
bettyjcrouch
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June 01, 2018, 06:42:25 PM
 #534

Bitcoin is the newest and most innovative electronic money. Bitcoin is our future
First77 (OP)
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June 02, 2018, 12:15:30 PM
 #535

Most of the countries in the world are moving away from the cash system to cashless system. I see this move as a good one because it will help the economy grow in various ways

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LovelyFLOWER
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June 02, 2018, 12:53:29 PM
 #536

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 currency is soon in the future to use for a quick transactions of all electronics payments and others do that we will live in a cashless society. That everything is under control of the electronics. So that everything is under control. This will be implemented if the UN agree on this case.
Sand King
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June 02, 2018, 01:28:35 PM
 #537

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 ??



You can call bitcoin a digital money and here in my country I don't think we have establishments which accepts bitcoin but all establishments here accepts debit or credit cards. I don't know if it's a good thing but i know someday that there will be

Camorra Dev
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June 04, 2018, 09:20:35 AM
 #538

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.
First77 (OP)
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June 04, 2018, 09:41:18 AM
 #539

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.
Panpan66L
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June 04, 2018, 10:18:48 AM
 #540

I would say that in some point in developing countries the Society is almost cashless already, with those credit cards, phones and etc.
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