Do you need cash for everyday use?

[mornabo]

In our contemporary world, cash is needed every day to patronize goods and services for our survival. Cryptocurrencies and other forms of digital currencies are still emerging because they are yet to hit the mainstream adoption - not everyone across the globe is acquainted with the use of digital currency.

Agree with you, I think even digital currency like crypto or fiat still can't dominate, because the current era hasn't changed,
people still haven't educated about digital platforms, for the next decade we still need cash, but for the next decade, we dont know yet

[Karmakid]

We are still in the process of evolving because of the technology and we should not rush things because all of the great things take time before they are fully implemented. To answer the question of this thread, yes I still need cash for everyday use because some of the places that I go are not still accepting cryptocurrencies or any cashless payment method, so it is still a must for me to bring cold cash everyday.

[Sithara007]

In my country I can see more and more people accepting digital payments, be it the mobile wallet payments or credit cards. Can't say that I am very happy at this. The problem with digital fiat payments is that the government can track us and our spending and I am not very comfortable with that. And also, the shift to digital fiat payments don't have anything positive for the crypto adoption.

[maianh09]

There are now many online cash payment platforms developed by central banks. Banks can solve most of the customers' needs: online payment and cash replacement. Your development team needs to be able to offer advantages to attract users and be aware that many areas do not accept Crypto.

[Zooplus]

There are now many online cash payment platforms developed by central banks. Banks can solve most of the customers' needs: online payment and cash replacement. Your development team needs to be able to offer advantages to attract users and be aware that many areas do not accept Crypto.

The problem with that platform is that it's expensive and not fast.
Crypto answers that weakness and it's more transparent since we are using a decentralized system which is clearly transparent.

[aioc]

cryptocurrency is not yet reached mainstream here in our country, I can only use cryptocurrency to pay my electricity and internet connection, and I'm using cash a lot to all my offline transactions, I know that one-day Cryptocurrency will be used by a lot of stores and shops in the future but right now fiat is my priority to use.

[bettercrypto]

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.

Well, it depends upon the perspective of the person in money. In my case, I do not need it because in reality, I can't eat the money. It may be a worth full thing in this world but it may not be usable all the time. Yes, money has the power to control people and in fact, it can be used to buy things that you want. However, if we abuse the use of money, it may harm ourselves specially, when it comes in our own behavior.

[syamster]

There are now many online cash payment platforms developed by central banks. Banks can solve most of the customers' needs: online payment and cash replacement. Your development team needs to be able to offer advantages to attract users and be aware that many areas do not accept Crypto.

The problem with that platform is that it's expensive and not fast.
Crypto answers that weakness and it's more transparent since we are using a decentralized system which is clearly transparent.

Well you are right to some extent but you need to visit the recent price of the market which is quite low, we can afford it easily, having bitcoin needs to be transparent because if you will have it in your wallet to store for long term it will use private key, you should not share it so there will be no problem for storing, it will increase making profit.

[fasdorcas]

Its a 20-80 allocations where 20% is actual cash on my wallet and the other at the bank, I just need cash for a small purchases, otherwise online payments will do.
But for security  reasons, money should be deposited to any financial institutions with attach insurance just in case these financial institutions will go to bankruptcy.

Lol, if 20% of what you have can fit in your wallet, then that means you don’t really have much. I go around with cash and the cash in my wallet is just about less than 1% or so of what is in my bank account. I also have bitcoin but I have never made use of bitcoin is buying anything online. Only thing I have done with bitcoin is sending it to someone and trading it online and nothing else. Lots of things I do I always need cash for it, so cash is very important to me.

If you ask me, I will say I need cash more than I need bitcoin. The only reason I’m into bitcoin is because I want to make money and that’s it, whenever I stop to benefit from it, I might as well quit making use of it. Where I live you will never see anyone talking about cryptocurrency, not to talk of making use of it. Whenever I want to buy something I need I make use of cash in buying them, and if It’s in a supermarket, I can make use of their POS to make payment, and some even accept mobile transfer.

[Sithara007]

Yeah man, i really need cash for every day to day work. I find crypto as a investment but it gets harder for me to spend it in my country though there is no regulation on it here. The thing is that very few people are aware of crypto here and most deny accepting it fearing that what it will give return if the market collapse.

It is still very difficult to make direct payments using crypto-currency. The most viable method is to get a pre-paid debit card, which can be loaded with Bitcoins. There are several of them available, and the charges and transaction fees can very depending on the issuing bank. These cards are accepted wherever credit cards are allowed.

[lijian2019]

In daily life almost no cash payment, the large amount is paid by mobile bank, small amount of consumption is paid by Alipay or WeChat, feeling very convenient.

[1BTC EQUALS 1CAR]

As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

[Sanitough]

As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

I don't if that will happen, at least I can admit that I don't see the future, bitcoin could fail or succeed, but me I'm betting on the success of it.
I just hope that time will come the government can fully regulate crypto that will satisfy users as that's the only way it will gain massive adoption.
Too early now, at this early stage it's good to take advantage to invest and take a percent of the total supply, who knows it gives fortune to us.

[meliodas]

As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

I don't if that will happen, at least I can admit that I don't see the future, bitcoin could fail or succeed, but me I'm betting on the success of it.
I just hope that time will come the government can fully regulate crypto that will satisfy users as that's the only way it will gain massive adoption.
Too early now, at this early stage it's good to take advantage to invest and take a percent of the total supply, who knows it gives fortune to us.

Bitcoin will succeed in the future because of the technology behind it. I saw a picture in the internet that shows that a lot of big companies are exploring the wonders of blockchain technology and if that is true then it means that we should not worry about the future of bitcoin because the big companies are now getting into bitcoin to support it.

[Ezenwanyi]

I am yet to see a market place that accepts cryptocurrency in exchange for the purchase of goods and services.
So making cash available for users who one way or the other wants to purchase with their Digital assets direct is a welcomed development.
I think it would encourage user participation.

[Findingnemo]

I need cash to survive my daily life,even in the digital form of fiat money is not enough just hard cash needed for most of my daily payments and for monthly expenses like rents,dues and much more through bank transactions.

[TheCoinGrabber]

I would say we still use cash pretty often since many establishments only accept that or credit. We do spend a lot via credit card though. Our monthly groceries are paid for entirely on credit. We don't get charged interest anyway so the only thing we need to worry about is having to pay on time and paying the annual membership fee.

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.

Crypto in cash form means you accumulate your funds in crypto and then just have them converted to fiat if that's what the loaner needs right?

[Netnox]

One of the reasons why I use physical cash is due to its anonymity. Even Bitcoins are not as anonymous as banknotes and coins. Once you transfer the physical cash, it is impossible for the authorities to track them back to you. So whenever I need to make some anonymous purchases, I use physical cash instead of paypal or credit card.

[TianaStam]

Why there is no any balanced choice to vote?
I use both, cash and payment by card all the time. You see, there is no any big or small supermarket near to my house, so I pay with cash in those small shop that we have near by, they do not work with cards still. But when I go to town I pay by card in the most of cases. This way seems much easier to me and I would like to move on that totally.

[mornabo]

As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

I don't if that will happen, at least I can admit that I don't see the future, bitcoin could fail or succeed, but me I'm betting on the success of it.
I just hope that time will come the government can fully regulate crypto that will satisfy users as that's the only way it will gain massive adoption.
Too early now, at this early stage it's good to take advantage to invest and take a percent of the total supply, who knows it gives fortune to us.

We dont use cash in the future, that doesn't mean we will use cryptocurrency in the future right. I am also sure that cash will be obsolete because even now many people have left cash for payment. but of course the government will definitely launch digital payment, and that will close the possibility for crypto to become the mainchoice for payment in the future