Imagine a cashless society

[andreijoaquin]

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Philippines only online wallet (coins.ph) already introduce shopping, paying bills and fund transfer with the use of bitcoin just like what people wanted it to be, and now they even starting to have a partnership with transportation group like MRT/LRT with the launched of "beep". With this feature travelers can now used their card loaded with coins.ph to travel without cash back-and-forth. I think a cashless society is really happening now, we are just stepping on future and that is the digital economy.

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[samputin]

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Well, I think what is possible for now is "less cash" rather than "cashless" because the bond between the paper money and human is still hard to break. Besides, there are still companies, establishments, institutions, and people that do not widely accept bitcoin and other cryptocurrencies. There are still some of us that prefer something they can see, they can hold, and they can take control of. However, it wouldn't be so long 'til we can achieve that society where all transactions can be done digitally.

[RamonBTC]

In my country living in, a cashless living is possible. It’s more of your choice, we can pay everything by just sitting in our room or using cards if we go shopping. Scan and pay is now a trend in our place of residence and that is advantageous to us in such way that lines will be shorten and much efficiently done without money change.

This cashless transaction is available in almost all country, but it remain as our choice if we do the same or do what comfortable to you.

[Moiyah]

Sometimes, I imagined it that way. No more hassle in buying stuffs. But so far, I know for a fact that it is also dangerous. It is still involves money, it's just that we can use our cellphones to transact. I agree that it is more convenient in so many ways. However, how can banks and governments handle that situation?

[Biso]

To be able to reach that at a world wide level, we should think of all the under developed and poor countries that do not have access to internet and education. We cannot achieve this goal by leaving them out of the equation. There will always be economical transactions between countries, travelers etc... If we do not have the same strong base, we will not be able to do it

[blitz18]

To be able to reach that at a world wide level, we should think of all the under developed and poor countries that do not have access to internet and education. We cannot achieve this goal by leaving them out of the equation. There will always be economical transactions between countries, travelers etc... If we do not have the same strong base, we will not be able to do it

Cashless society is good and it means the state is already developed. But as the usual case not all state can easily adopt or undergo this to be cashless society. Yes just like the poor countries it is hard for them to have this kind of transactions however, it is good but not for others.

[Fuhre]

honestly, IMO things like this may not happen in the future.
No, not a bit of people who think of this sort of thing, it is technological progress in the modern world, but anyway we can not forget traditional money or cash, sir. we need to know, before the existence of digital money like now, cash has been there before, so it will never happen, cash and digital will complement each other in the future in my opinion.

[Tyrantt]

honestly, IMO things like this may not happen in the future.
No, not a bit of people who think of this sort of thing, it is technological progress in the modern world, but anyway we can not forget traditional money or cash, sir. we need to know, before the existence of digital money like now, cash has been there before, so it will never happen, cash and digital will complement each other in the future in my opinion.

but it actually will. How much money can save the elimination of paper money and coins? There would be no need to print money from time to time and therefore spend more money. Also, what was there before cash that got replaced?

Paper money will be replaced, it's just a matter of time.

[crazymelons12]

It is good since you only need internet connection. The problem is what if someone hacked your cellphones or accounts on the net? Or the transactions you entered on a computer  that had been infected by a worm causes all transactions to be very slow and you are last in line of about some 30 persons going to the counter for payment. How will customers react on this? There are advantages as we knew to be veru good, while some are also disadvantages that people don't want to hear about. Maybe we need more development on this.

[cryptOMnia]

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

We cant wait for it to be honest. The cost of production and distribution of cash costs a nation around 1.5% of their gdp per year.

[yunzau]

Yes it has happened where now people just carry smart phones and atm cards in their wallets. because all the affairs can be completed on the phone and when to go shopping does not need cash to buy expensive items.

[0t3p0t]

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

For me yes, this could happen in the future but I am not sure if every country will adopt or use Bitcoin as signle currency since some other countries prefer to create their own cryptocurrency. The only problem of this cashless society is the use of crypto by lawless elements since it is decentralized and hard to track and also volatility since an economy needs a stable form of currency and assets like fiat money and gold. You said it right about the advantages of a cashless society and that is how it works in our convenience. Some other countries are I think has already been in this track and some others too are making some steps to try it in the near future.

[mOgliE]

I hope it could happen but I think it won't.

The issue is that using the same money everywhere on the planet would mean that all governments have found some kind of agreement. And they don't even manage to make agreement about the environment! And even when they sign something, they don't stick to their promises...

So yes, bitcoin would be a great worldwide currency. But I think it won't happen...

[ismelda_ita]

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

of course, I am sure future payments are the future for the cryptocurrency. now there are already some companies and stores that accept bitcoin as their transaction tool.

[passwordnow]

Do you guys think this could happen in the future of bitcoin?

You mentioned all those transactions that are actually happening already so we don't have to think about this in the future because we are already making it possible. I'm enjoying paying bills online with bitcoin and it totally helps to save a lot of time, effort and money including the fare since I don't have my own car yet. We are already the future and things that are securing right now such as transactions will be continuous. So to those that are still in doubt of bitcoin, they'll regret for the upcoming years if they don't have it right now.

[Coffee135]

Do you guys think this could happen in the future of bitcoin?

You mentioned all those transactions that are actually happening already so we don't have to think about this in the future because we are already making it possible. I'm enjoying paying bills online with bitcoin and it totally helps to save a lot of time, effort and money including the fare since I don't have my own car yet. We are already the future and things that are securing right now such as transactions will be continuous. So to those that are still in doubt of bitcoin, they'll regret for the upcoming years if they don't have it right now.

Tell me how do you pay the fare with bitcoins? Even now, when the transaction price has dropped to a minimum, it is not profitable. All users change bitcoins to Fiat and only then use a credit card for payment. It should take a long time for bitcoin payment to become a reality.

[Qungis]

This is possible if the European Union decides to use bitcoin on a par with the Euro. Agree, they will not smoke as much weed to do it.

[TheClownSong]

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

I am believe thats already happened in advance country. With advance internet infrastructure, government can implemented digital currency. Twitter CEO recently said that bitcoin can be single currency on digital world. If internet connection around the world getting better than now, I am believe that prediction become happen

[Sidiq SP]

I can say yes, because all in this modern era is very likely to happen something like that, and in some countries have begun dw develop towards it, such as for example in japan country that makes bitcoin as a valid payment instrument, go from it , I am increasingly convinced that more advanced technology will be prepared for every bitcoin user convenience, and I believe in that

[alyssa85]

Sweden is the closest thing we have to a cashless society and they are starting to worry about the consequences:

http://www.bbc.co.uk/news/business-43645676

Sweden is winning the race towards becoming the world's first completely cashless society, but there are growing concerns it's causing problems for the elderly and other vulnerable groups.

It's got to the stage there were most bank branches refuse to let you withdraw cash. I think that's scary.