Topic: Bitcoin will survive in "cashless society" ?? - page 3. (Read 3018 times)
I think with blockchain and crypto payments is what we gravitate towards, cashless societies, where Bitcoin and Altcoins as such will take up the payment methods in the future.
Bitcoin will survive in cashless society, may be not replace fiat money entirely but coexist.
They have different properties and basic concept, such as anonymity and decentralization, that are the greatest advantages over fiat currency.
They have different properties and basic concept, such as anonymity and decentralization, that are the greatest advantages over fiat currency.
The society will be not cashless. Bitcoin will sure survive but it will be used with the traditional money. People need fiat and usual banks as well. The cryptocurrencies will become more popular a bit later.
I think that btc has a great potential and it will survive. I am not sure for how long but hope that this will happen with btc. I like its benefits and consider it the best choice ever taking into account the blockchain system it is based on
Bitcoin will continue to survive under any conditions, especially in "Cashless Society" it could even be that Bitcoin and other cryptocurrencies will be used by the public in the future, because I see the development of cryptocurrencies getting faster and more consistent.
Non-cash payments is great!This is the first step on the way of cryptocurrency promotion.That's how it all started.And it needs to be supported further.Soon everything will come to the point that cash will simply not be needed.Well, maybe not so soon as we would like)But the time goes very quickly.And the era without cash will be in our century.
It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..
USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..
Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"
USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..
Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"
Maybe cashless society is possible in China or US but not in the Philippines yet. But even though thats the case, there are people and stores who are already accepting bitcoin as a payment. Since bitcoin and other crypto are digital , I am 100% sure that it will survive in a cashless society. Maybe in the future our credit cards will contain bitcoin instead of dollar or what.
Bitcoin will surely survive in this world of cashless society , even the bank technology of making payment online via credit or debit card is a form digital payment system , today the bank have it token which is visible and tangible for online transaction like wise bitcoin their their are authentication develop on the blockchain to make use of token for financial transaction . this era many banks are exploring the technology behind bitcoin , in my own opinion Bitcoin is tailor to a world of cashless society
Most likely, Bitcoin will be one of those cryptocurrencies who will lead the cashless settlement, when bank cards will go to the background.
I think that BTC has good chances to be a pillar of cashless society and surely it will survive in such conditions, it came to replace fiat money.
bitcoin in the future will use it and many trading platforms will receive payments using bitcoin so that it will lead to a reduction in banknotes or fiat currency, but there will still be those that use fiat currencies and digital currencies like bitcoin this might just be one of the solutions for the safest, most convenient and fastest payment.
If bitcoin is supported by almost everybody including banks,convenience store,merchants,malls and etc..then it will survive in cashless society.Online transactions makes our daily jobs much more easier and quicke[Suspicious link removed]agine using only our smartphones to pay bills,purchase items and more with your digital money in your wallet including bitcoin and your regular currency.
Bitcoin will not only survive the era of cashless society but might become one of the leading currency in that time. The number one cryptocurrency is created for online payment purposes with decentralized feature to help people in their currency transactions without using a third party. During the time of cashless society, people will have a choice of choosing a centralized virtual fiat and decentralized cryptocurrency where middlemen is no longer needed.
As more and more countries become "cashless society", Bitcoin will fail in next 5 years.
How you can say if more countries become cashless society bitcoin will fail in the next 5 years? would you please describe? I think bitcoin will take attention more people. Because of transfer fees, Can hide identification, As much customer want they make a transition (no limit). Maybe I can be wrong please explain me with your thoughts.
Bitcoin will survive in cashless society, may be not replace fiat money entirely but coexist.
They have different properties and basic concept, such as anonymity and decentralization, that are the greatest advantages over fiat currency.
They have different properties and basic concept, such as anonymity and decentralization, that are the greatest advantages over fiat currency.
Yes, i agree with you. Foe me, bitcoin will always survive. In the development society nowadays, i believe that bitcoin will contribute to built a strong cashless society
As more and more countries become "cashless society", Bitcoin will fail in next 5 years.
How you can say if more countries become cashless society bitcoin will fail in the next 5 years? would you please describe? I think bitcoin will take attention more people. Because of transfer fees, Can hide identification, As much customer want they make a transition (no limit). Maybe I can be wrong please explain me with your thoughts.
Yes obviously ,As times change with advancement of technology it is important to understand the future of economics.This issue would be a critical point in the history of economics, due to the many forms of economics that uses money supply as a factor in models, equations, banking, and interest rates. The change would cause a ripple effect in the economy, which is why we as economists should understand the issues that come with a Cryptocurrency and cashless society. Using the advantages and disadvantages of bitcoin to connect to the idea of a cashless society in modern times. Each disadvantage is given a solution which would allow for bitcoin to advance society towards a cashless future. Sweden is used as an example of a location which is deemed to be approximate cashless society. Insights from the Sweden model are applied to bitcoin to show how feasible bitcoin is to create a cashless society. Bitcoin is a viable option for a cashless society if and only if there are revisions to combat its disadvantages.
The money stored in a bank in the form of a debit or credit card must have a physical money guarantee at the bank, and if it is said that money in a cashless society does not have a physical presence, it is wrong. even money issued and circulated in a country also has evidence of physical security in the form of gold worth the amount of money in circulation or known as the pseudo-gold system.
The transaction technology is evolving also not just gadgets, people are innovating things to make life much easier and less hassle, using cashless payment you won't be afraid to get stolen because it is in your card or bitcoin wallet and are safely secured
in some developed countries bitcoin does not use cash they only use a bank account number card, this is a more convenient and practical way for your financial security. and the community will be able to maintain the payment system by using it without cash
It's true and besides you can get enough benefits when you are using account number card which is you don't need to withdraw your funds if you needed to buy something it will happens if the store or market is available and will accept those kinds of a payment methods. Jump to: