Do you need cash for everyday use?

[usorin]

We are working on Golden Currency project ( https://goldencurrency.money ), where we issue money that is available both in crypto and in cash form. We find the possibility to use crypto money in cash form as one of advantages. We expect that almost everybody anyway uses cash and in such a case the lack of such opportunity limits the potential use of currency. That's why we started the poll to prove it. Would be glad for your votes and comments regarding your view on such an option.

I have the habit to use cash only where is no P.O.S. available and the transaction value is around q0-15$

[Tylev]

Of course, we will always need cash. This is the simplest and still the most common type of payment instrument. Non-cash money gradually increases the volume of its use, but cash still remains the main type of payment instrument. Non-cash payments are convenient to use for large purchases, and for everyday small purchases it is most convenient to use cash. Cryptocurrency will not be able to significantly affect the ratio in the use of cash and non-cash money.

[Sithara007]

We always need cash money and we can't make all payment transaction using e currency bitcoin or altcoin because many country still not allowed for using bitcoin and altcoin as payment transaction right now.

Hmm.. that is true. Here in India, although Bitcoin is not banned, it is illegal to use it as a mode of payment. I guess the situation is the same across the vast majority of the nations. Also, Bitcoin is more suitable for making online payments and purchases, rather than the offline payments (such as super-markets and coffee shops).

[Altero]

Of course, we will always need cash. This is the simplest and still the most common type of payment instrument. Non-cash money gradually increases the volume of its use, but cash still remains the main type of payment instrument. Non-cash payments are convenient to use for large purchases, and for everyday small purchases it is most convenient to use cash. Cryptocurrency will not be able to significantly affect the ratio in the use of cash and non-cash money.

We are comfortably be using cash by now since crypto aren't be accepted in many establishments and also we can't process payment if we don't have an internet connections. If we only could used it through offline status,  it possibly there is a sharing of numbers who are using digit currencies.
So there is no reason why we should have to eliminate fiat currency since they are still have a big role into our daily transactions

[Mila52]

I’m not sure that your project will gain many followers. At the first need to create a developed chain of shops and service centers where people can pay with cryptocurrency. For example, in my country fiat will be the main payment instrument for a long time

[Malsetid]

We always need cash money and we can't make all payment transaction using e currency bitcoin or altcoin because many country still not allowed for using bitcoin and altcoin as payment transaction right now.

Hmm.. that is true. Here in India, although Bitcoin is not banned, it is illegal to use it as a mode of payment. I guess the situation is the same across the vast majority of the nations. Also, Bitcoin is more suitable for making online payments and purchases, rather than the offline payments (such as super-markets and coffee shops).

It may work for some people but majority is just as you said. Certain daily transactions and purchases can't be made through crypto or even credit or debit cards. They'd have to be made in cash because small time vendors don't have alternative ways other than cash. I've tried running around just with my credit card and i had a very hard time seriously.

[futureofeth]

In our daily life, we always need cash for the needs, it is must without cash it is impossible to buy some things in our local area due to because they won't use any debits card or credits for the payment solutions. So cash is always needed to sort some kind of things easily, with the recent blockchain implements the payment system has been changing but there are some countries who are using cash payment for their daily needs.

[sgenuine]

We always need cash money and we can't make all payment transaction using e currency bitcoin or altcoin because many country still not allowed for using bitcoin and altcoin as payment transaction right now.

Cash is needed every day. I live far from the large supermarkets, and small shops do not take credit cards and (certainly!) cryptocurrencies. Therefore, I always have currency with me.

[jjjfff]

There was a blackout in my out-of-city region due to a thunderstorm recently.

That's when you realize cash is still very much needed.

A computer crash, malware, botnet, whatever disruption could stop the whole world if cash is abolished.

Also privacy, freedoms and other philosophical reasons to not abolish cash.

[Sum24]

We are working on Golden Currency project ( https://goldencurrency.money ), where we issue money that is available both in crypto and in cash form. We find the possibility to use crypto money in cash form as one of advantages. We expect that almost everybody anyway uses cash and in such a case the lack of such opportunity limits the potential use of currency. That's why we started the poll to prove it. Would be glad for your votes and comments regarding your view on such an option.

I have the habit to use cash only where is no P.O.S. available and the transaction value is around q0-15$

Yes now cash being use only at the places where there is no facility of the crypto currency but those places where crypto currency is acceptable I think people don’t like to use cash and they prefer using crypto. Whenever I enter the market I see so many people ask about online payment as it saves our time and it gives us chance to earn and enjoy at the same time, we can pay with crypto being at home, I really don’t want to use cash now.

[bhabygrim]

Right now yes I do need it because not every store accepts online payment so I still need some cash.
But I hope someday I could go out and have some fun with just my phone so I wouldn't need to bring some cash .
Right now there are lot's of apps that we could use to pay online but not every merchant would accept it .

[Doell]

without cash I'm powerless to go out because there is in big cities use other digital cards ,cash is still popular in my country everywhere so requires fiat for living needs I have to take it even though my pocket is full of gadgets and cards but I must to slip money for parking or eat and so on

[Sirait]

every day I use 90% cash, the rest I use 10% digital money for online transportation through Go-Pay. actually, every day using cash is very complicated, digital money is very easy and efficient my activities.
in the next 10 years, I'm pretty sure that cash isn't needed anymore, and humans will use digital money and cryptocurrencies.

[ASHLIUSZ]

without cash I'm powerless to go out because there is in big cities use other digital cards ,cash is still popular in my country everywhere so requires fiat for living needs I have to take it even though my pocket is full of gadgets and cards but I must to slip money for parking or eat and so on

Though I'm in the town I've restricted myself spending cash. Most of the time I prefer using cards, it limits my spending and if I've cash I don't know how it all got spend. Over the past few months my cash usage has decreased much compared to the usage of cards and other forms of wire transfer.

[Incodium Coin]

A thousand and one cards and online payment platforms, the fastest internet connectivity rate in the world, yet cash is still a necessity. Yes, there are shops that don't accept cash at all -NO Brand Shops-, but the reality is that sellers sometimes dread the processing fee, the VAT attached to card and receipt payments. So, it's either you pay $10 cash or $13 with a card. And given this choice, most consumers will prefer to save $3 by using cash.

[BennyK]

Purchasing goods and services with cryptocurrency is more convenient because it offers security, speed, low transaction costs, owner control over transactions etc yet not all the shops and companies have cryptocurrency integrated into their payment systems. This is why cash is needed to buy items in stores where cryptocurrency is not accepted.

[3x2]

I often try to use less cash and more online transaction in my work place. sadly i can only use debit/credit cards as online transaction as my workplace has no concept of crypto currencies. Online transactions give me loyalty points which i can spend in entertainment

[Aldrinx00]

Yes i do need cash and used it in my everyday life because crypto merchants here in my place are not yet acceptable, i think it will need many years before mass adoption commence on cryptocurrency.

[logicgate]

In our daily life, we always need cash for the needs, it is must without cash it is impossible to buy some things in our local area due to because they won't use any debits card or credits for the payment solutions. So cash is always needed to sort some kind of things easily, with the recent blockchain implements the payment system has been changing but there are some countries who are using cash payment for their daily needs.

 I know at some places people will have to use cash only but most of the places are now accepting crypto currency, cash is not an old investment that people use in case of not having internet access, but most of time people have accepted the value of the crypto currency we are in era of digitals so for this age it is very important to have some digital currency accesses.

[lutfi-hasan]

In our daily life, we always need cash for the needs, it is must without cash it is impossible to buy some things in our local area due to because they won't use any debits card or credits for the payment solutions. So cash is always needed to sort some kind of things easily, with the recent blockchain implements the payment system has been changing but there are some countries who are using cash payment for their daily needs.

 I know at some places people will have to use cash only but most of the places are now accepting crypto currency, cash is not an old investment that people use in case of not having internet access, but most of time people have accepted the value of the crypto currency we are in era of digitals so for this age it is very important to have some digital currency accesses.

Yes indeed what you say is true, but there are still many countries or cities that have not accepted Bitcoin as a medium of exchange, I realize that Crypto development is very difficult in my country, because the government has not dared to legalize Crypto. But the regulation will change over time, I'm sure