Imagine a cashless society

[Beabtc11]

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?

In my own opinion, I think it is possible for that kind of transaction in the future. We will use bitcoin online in all our transaction. It is safe to use bitcoin in every transaction.

[1714611985]

1714611985

[InvestICO2L]

Cashless society can be one of the biggest innovation. Bitcoin is like a virtual money, we can use bitcoin for our daily lives if bitcoin will be legal. Legalization of bitcoin is one of the hardest part, giving the bitcoin is legal. We need to have bitcoin also be secured. A lot of illegal way which bitcoin can do. A lot of hackers, scams, and other ways for stealing bitcoin can be one of the obstacle to be legalized the bitcoins.

There is no doubt that bitcoin is one which can be hacked. Because we all know that we can only use bitcoin when it’s connected to the internet, besides internet is one of the most common place that provides the chance for scammers, hackers and the like to steal bitcoin in anytime. Cashless is the basic mean to take change in daily life of every country. Bitcoin is much more likely to be an extra currency which is legalized in most parts of the world.

[BitcoinMarketer39]

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?

Cashless society is really good depending on the country, if most of the governments are corrupted and stealing peoples money then they can easily be traced, so i think that bitcoins will also erase corruption if it will become the nations only currency.

[Sum24]

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?

Cashless society is really good because in this way, people can have faster transactions and since bitcoins price is volatile then we can expect that the value of our coin will increase even more and products will be a lot cheaper.

For me it is very good thing because we are not getting that much benefit with our cash or the fiat currency as much as we can get from bitcoin or the digital currency, so I want something new as faith has become old fashioned currency now and it is modern age so we should use bitcoin because coming age is going to be age of crypto currency, because it is very easy to use, volatility of bitcoin will earn profit for you so in short crypto currency can do everything for us it can give us more than our expectation so it is time to change our society and move to the modern cashless society.

[Valer4ik]

crypto-currencies will lead to "diversification of the financial landscape". This will improve the balance between "centralized and decentralized service providers and a financial ecosystem that will be more effective and potentially more reliable in countering threats

[karik1987]

Understanding the risks that threaten financial stability due to crypto assets is very important if we want to see the difference between real threats and unfounded fears. That's why we need an impartial regulatory agenda - one that protects against risks, but no innovation on the throat

[thecoder2017]

I cant imagine living in a cashless society because people are not.familiar with crypto currency so i think this will not happen in the future fiat money or paper money will still exists.

[stellgod]

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.

I think it is good and bad as well because cashless means that all your money has taken by some body and you have only a card or a digital wallet which is totally in the controls of some other hands. But on the other side there are lots of benefits of cashless society easy use and no fear of losing and looting is the main.

And I think that is the reason why this cashless society might happen in the far future since the technology are still not that developed to support a lot of people that will be having a transaction all day all night long. A lot of congestion and other problems will surely happen. But I guess with developed crypto currencies in our time, I guess that will be happening more quickly.

Cashless society means to educate all the people of the world. Till that time it is not possible that we will even enjoy cashless society, because most of the people in third world do not know about internet and for digital currency internet is mandatory. How they can use digital currency? So I think that it is just a dream which will never come to reality.

[Cepot]

the advancement of modern times without cash can be used by anyone who uses a credit card or just by using a smart phone only, it seems bitcoin will also replace the money in gital worldwide, shop more easily across the country, ...

[Barbut]

I don`t need to imagine cashless society, we are already with one foot in it. I don`t remember when I used cash last time, its all in credit cards. Cash that I have is usually for some little things, for everything more then 10$ I use credit cards. Even in this moment I don`t think I have more then 5-10$ in my wallet, its just for some little things, but for everything more then that I have visa`s, if I`m buying something big I have some credit cards. I don`t use cash like before, and using cash in everyday needs is minimal, every year I use less and less cash and have at least one more bank card.

[dubidooh]

How about those small business like those cigarette vendor's and others, can they avail that machine with surely high cost? Im from Philippines and I cant vision a cashless society in this country maybe in other rich country this could easily happen but for PH now it is too impossible.

The idea of a cashless society is great and will surely provide convenience to many, but I truly agree with what you said. There are a lot of factors that would have to be considered before implementing this change. Even a rich country for sure would have a hard time transitioning with this kind of society.

[crwth]

With technology upgrading almost as fast as our eyes can blink, there is indeed a possibility that we'd have this kind of convenience. Although, I think it might take a lot of time to adapt especially to those whom are less fortunate. I don't think everyone has a high-tech phone, I know of us do but let's also think about the elderly, do you really think they'd be able to use this? They can be taught but like I said, it's going to consume time and patience. Nonetheless, I don't want to sound so pessimistic. If you ask me, I'd definitely agree to this! For Bitcoin, there is actually no doubt this could happen. More and more people discover Bitcoin each day, plus it's moving up to different scales. I can't wait for this ""future"" to happen!

[Memminger]

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?

If you've heard about "Nas Daily" I have been following his page for a while now. He featured a country that doesn't use cash or the paper money. The pay through phone and digital way. From the looks of it, it's easier because less hassle and you don't have to cary thick stash around. All you have to do is bring your phone and you can shop wherever you want.

[trako]

this is a little difficult. because the necessary infrastructure does not exist all over the world. maybe 50 years later. credit cards are still not used in many places. cash is still a very important place in trade.

[sheenshane]

this is a little difficult. because the necessary infrastructure does not exist all over the world. maybe 50 years later. credit cards are still not used in many places. cash is still a very important place in trade.

That was near here in my country mate, as of now we can pay bills, we can buy a mobile load and easy cash out money through our mobile phone by using apps wallet for those who engaging cryptocurrencies. But speaking of eliminating fiat and replace digital money well I guess it takes more time before we can be used that. Probably that will happen because nowadays people level up in modern technology used.

[anakkampung17]

Imagine it's like going back to the stone age but it can come in an age of technological development. I think if without cash it would be difficult to make transactions to middle and low-income people living in remote areas. And it will be profitable for those upper circles who already understand the development of technology. But in the near term, money will no longer work because the world is rapidly undergoing technological change even better.

[shaikhimoqc]

The digital cryptographic currency is not just a paperless currency, but a direct change in the way money is supplied and managed.

The traditional currency is controlled by the government and issued by the bank! Digital encryption currency to decentralize, by each investor collective control!

Digital cryptography has a huge advantage over traditional paper money.

[veejay2716]

It so nice if this would happen in the future, no need to bring bag, just open your mobile and use the apps of your fone and then by using your wallet apps you can pay bills, pay your credit card, loans, etc., No hassle.

[stayeduptolate]

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?

Yes it’s true that cashless society sounds very fascinating and interesting but in reality it’s not possible at this time because firstly a cashless society requires a very good electricity connection and still there are many countries in the world where electricity is not available so cashless society is Not possible there then a cashless society requires a very good internet connection and still there are many countries in the world where internet is not available so cashless society is not there too.

[julzcoinbit]

this is a little difficult. because the necessary infrastructure does not exist all over the world. maybe 50 years later. credit cards are still not used in many places. cash is still a very important place in trade.

That was near here in my country mate, as of now we can pay bills, we can buy a mobile load and easy cash out money through our mobile phone by using apps wallet for those who engaging cryptocurrencies. But speaking of eliminating fiat and replace digital money well I guess it takes more time before we can be used that. Probably that will happen because nowadays people level up in modern technology used.

Same thing here in our country  mate. We can now pay our bills, buy load, send money & etc by using a wallet app. It's an advantage for those people whose into modern technology. People were slowly adopting the cashless society. But I strongly  believe that it can never eliminate fiat. Fiat is being controlled by the Government,  and for sure the Government  will never allow that to happen. Also, there are a lot of people  who will still prefer to use fiat rather than those digital currency, especially  those people who has no idea of how the digital currency  works.