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Author Topic: Digital Money = Cashless Society  (Read 4003 times)
Indra32
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June 22, 2018, 06:24:44 PM
 #661

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




I think Cryptocurrency users in our country are starting to increase as it gets a lot of attention because a lot of people get a lot out of it.
Bitcoin can also be considered as a digital currency because it can be used in transactions and other services. In our country few use credit cards, debit cards and cryptocurrency because few can afford it.
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June 22, 2018, 06:53:31 PM
 #662

well in our age you can really just bring your phone and scan the qr code to buy and sell goods a very convenient way of trading good paired with the advancement of technology all thanks to satoshi nakamoto who invented bitcoin which triggers the invention of altcoins the improve versions of bitcoin which have a more complex usage of blockchain.
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June 22, 2018, 07:15:01 PM
 #663

Sweden has been steadily moving towards a completely cashless society for years. Today, less than a fifth of all cash transactions in stores use cash, half what it was five years ago. The country bans the use of banknotes and COINS on buses, and many tourist attractions accept only non-cash transactions.

The law allows stores to refuse cash. So many stores now have signs that say "no cash". Life can be difficult for those who are unwilling or unable to accept these changes.



I think This is the future of my existence. And that's inevitable
Society without money. because it describes the state of the economy in which the financial transactions are not made with money in the form of physical banknotes or coins, but through the transfer of digital information (usually electronic representations of money) between parties who transact.
Harley29
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June 22, 2018, 08:37:56 PM
 #664

It sounds so cool that people are using cashless methods to pay in China. It will take some time but most of countries will take this route only in future.

No, traditional money will be always used. I do not think that the cryptocurrency can replace it ever. Bitcoins and altcoins will coexist with fiat, and it will be a norm.
Well I think bitcoin has all the guts to make fiat or the traditional currency disappear as we can see now people are using bitcoin more than digital currency so have patience soon the bitcoin will be global currency all over the world and in every market and every shopping mall people will prefer buying goods using bitcoin only, as it is more easy, more reliable than fiat or paper money.
First77
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June 23, 2018, 12:52:41 AM
 #665

Cashless society means no ATM machines. There are 100,000 to 200,000 ATM machines in a big country/economy like China
Sled
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June 23, 2018, 01:55:40 AM
 #666

Cashless society means no ATM machines. There are 100,000 to 200,000 ATM machines in a big country/economy like China
If we are going to cashless society then the ATMs will not be there anymore and that would be a huge loss for the banks because they will not be using those ATMs anymore because for sure the one that will be leading in terms of cashless society are the cryptocurrencies and i think it would be awesome.
jaocoincrypto18
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June 23, 2018, 02:08:14 AM
 #667

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.

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

I think any nations that adapted the digital technology and the internet could also do any kind of digital transactions thru credit cards, atm and crpto currencies if available. Unless if the certain nation is unfortunately behind of the technology that will link to digital transactions therefore become a cashless society would be impossible to them like in Somalia and any other nations that less civilize.

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June 23, 2018, 02:24:03 AM
 #668

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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.

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

Digital money in my country is same as what your stated here, aside from fiat money we have also paying bills using debit or credit card and also we have electronic payment transfer, digital payment method here in the Philippines was operated several months ago. but for making money cashless method with your own processing is not yet operated, that's what I want to use bitcoin because anytime I decide to make payment transfer or make an investment in front of my computer I did it in easy way.
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June 23, 2018, 05:36:20 AM
 #669

According to sya is now no longer safe if we are out with a lot of cash now and that is the reason why people always prefer to use credit cards, and now bitcoin as well. That's why I hope that the shopping center in my country also receives bitcoin or cryptocurrency as payment. I think digital money has been used all over the world. Although not all citizens in a particular country use digital money as payment
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June 23, 2018, 07:34:05 PM
 #670

digital money is future we may see the world to be digitalized and virtual currencies will be the main options for net citizens and fiat currency believers
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June 23, 2018, 07:41:19 PM
 #671

If there are many establishment , industries and companies accept payments of bitcoin, and the entire highly urbanized areas in the country will receive payments of bitcoin then it will turn out to be a cashless society you are living.

Cashless society is actually good for different consumers because there are a lot of people who wants faster transactions, the only problem is that, not every people in the community can earn cryptocurrency.

Dimon888
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June 23, 2018, 07:44:21 PM
 #672

Cash will continue to exist for a long time in our world, the volume of transactions with them will decline annually. Developed countries will exclude cash payments, they will also be the first to switch to electronic money.
Marcsymon
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June 23, 2018, 07:57:16 PM
 #673

Cash will continue to exist for a long time in our world, the volume of transactions with them will decline annually. Developed countries will exclude cash payments, they will also be the first to switch to electronic money.

This is a good moves that all transaction will be done electronically. Because it is more safer to individual by being theft, robbery or any crimes involves money physically. So it means digital currency will be good for cashless society which is more secure and safer transactions.
xsaints128
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June 23, 2018, 08:17:26 PM
 #674

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.

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

Digital money is the same worldwide. It's just money transferred through the internet or electronically without the involvement and usage of cash. The world is rapidly moving towards digital money with increased instance of usage of debit/credit cards,etc. And as we all know Bitcoin being another digital money will gain more and more prominence in the near future.

Btcepoy11
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June 24, 2018, 06:03:31 AM
 #675

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.

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

Digital money is the same worldwide. It's just money transferred through the internet or electronically without the involvement and usage of cash. The world is rapidly moving towards digital money with increased instance of usage of debit/credit cards,etc. And as we all know Bitcoin being another digital money will gain more and more prominence in the near future.
It's good to use a digital money there is no hassle and it is easy to use. We are now in modern-day we seek for different things and different ways to make our life easier. Having a cashless society like using bitcoin will make our life easier.
Dextroboy
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June 24, 2018, 07:34:30 AM
 #676

I think digital money is just as an alternative to payment, fiat will never disappear in society

Meowth05
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June 24, 2018, 10:49:43 AM
 #677

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.

Bitcoin is a part of digital money. How is digital money is your country ??
In my country, many people here are now using cashless or digital money to pay all of their bills because it is very convenient that they don't need to fall in line to pay their bills. It is true that bitcoin is a part of digital money that is why many people began to be interested to used bitcoin.
posi
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June 24, 2018, 07:46:13 PM
 #678

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.

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Oto3
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June 24, 2018, 07:53:49 PM
 #679

Most of the folks prefer it the old way. Buy something with real money. They do not want to do it electronically because they fear that they might be hacked. but for people who work online, of course, they can only accept their payments through online transactions.
Ascredo
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June 24, 2018, 08:17:15 PM
 #680

I think maybe in the future cashless society as of now is not the proper time but with the new technology wich bitcoin can play a major role in digital transactions hope we can be a cashless society.
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