Topic: Cashless Economy: Is Society ready for transformation? - page 4. (Read 20772 times)
The idea is good but this time they are suffering from the very bad economic condition. so they should solve poverty and jobless problem
this idea is nice,there i lot of advantages like safe from pollution, safe from germ spread,safe from crowd, but this is not possible at every place, like in some villages there is no trend to use bank or any digital transection. so this idea is just suited for urban area
I think this is an example of an excellent state strategy. However, it is also important to understand that where the state is, there is not always freedom (even if we are talking about cryptocurrency). It seems to me ideal - when the state simply creates conditions for people to which people can act on their own and be truly free.
You correctly noticed the essence of the issue and its price. If we move to a cashless society, this will simultaneously mean total state control over the finances of citizens. Cash gives us complete freedom in their use. Cryptocurrency is controlled in part through exchanges and exchangers. A cashless society will be fully controlled by the authorities. Why do people want to hang this financial collar? Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
I think this makes sense for populous countries like India and China. Although there is a higher proportion of the poor population, I think that blockchain and crypto technology will create more opportunities to get richer for the poor. because of those densely populated countries, wealth will not be enough to make everyone rich but for the crypto market is immense. They have more jobs in this market and can make more money. The cashless integration is a smart decision.Lets discuss!!
Going cashless is a good idea because it cares about the environment, no more paper and coins but theres a downside of going cashless and turn to cashless is electricity. As long as there a city that is having a hard time producing electricity this will remain a dream. Producing electricity is getting more expensive nowadays thats why power producers are turning to renewable energy however, you are hurting the environment with that.
True, there a lot of resources used to make paper money and coins. Also there would be a labor savings with going digital at least physical labor would be reduced.
Going cashless is a good idea because it cares about the environment, no more paper and coins but theres a downside of going cashless and turn to cashless is electricity. As long as there a city that is having a hard time producing electricity this will remain a dream. Producing electricity is getting more expensive nowadays thats why power producers are turning to renewable energy however, you are hurting the environment with that.
True, there a lot of resources used to make paper money and coins. Also there would be a labor savings with going digital at least physical labor would be reduced.
Going cashless is a good idea because it cares about the environment, no more paper and coins but theres a downside of going cashless and turn to cashless is electricity. As long as there a city that is having a hard time producing electricity this will remain a dream. Producing electricity is getting more expensive nowadays thats why power producers are turning to renewable energy however, you are hurting the environment with that.
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
Lets discuss!!
Easily. The new working generation now has grown up with computers their whole lives. As more and more people in the "pre computer" era retire the more we are going to be cashless. There are already countless cashless versions out there....with crypto being the best solution
I feel like we are not exactly ready for now. Sure we are technologically ready, if we could do an overhaul of changes in the world we live in, technology exists enough to make the world a cashless society, not just in crypto sense but basically credit cards and debit cards, we are already living basically digitally when paying for stuff however there is still plenty of places that uses cash and thats why we can't become %100 cashless. However over time the world will go more and more digital and adoption for cashless stuff will become more and more and we will live in a cashless soceity for sure, its inevitable for something like that to happen, no way on earth we won't be cashless in few decades.
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
Those were just political traps to rule the country. Digital transformation becomes more effective when the same happens from the people. What effort the government has taken for the same, nothing. If the government insist on making people educated providing the best and quality education through the governance and then making such digital transformation will be good to the country.Lets discuss!!
Those government knows what is good and benefitial to the citizen but most of them just make propagander of it just to cajole the people. Of course everyone here knows achieving that is possible with crypto currency. It may only take a long time depending on their present development on digital world.
How long it will take will still depend on the response of the citizen on steady process the whole world can achieve it.
I think this is an example of an excellent state strategy. However, it is also important to understand that where the state is, there is not always freedom (even if we are talking about cryptocurrency). It seems to me ideal - when the state simply creates conditions for people to which people can act on their own and be truly free.
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
I think this makes sense for populous countries like India and China. Although there is a higher proportion of the poor population, I think that blockchain and crypto technology will create more opportunities to get richer for the poor. because of those densely populated countries, wealth will not be enough to make everyone rich but for the crypto market is immense. They have more jobs in this market and can make more money. The cashless integration is a smart decision.Lets discuss!!
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
I think this makes sense for populous countries like India and China. Although there is a higher proportion of the poor population, I think that blockchain and crypto technology will create more opportunities to get richer for the poor. because of those densely populated countries, wealth will not be enough to make everyone rich but for the crypto market is immense. They have more jobs in this market and can make more money. The cashless integration is a smart decision. Lets discuss!!
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
Those were just political traps to rule the country. Digital transformation becomes more effective when the same happens from the people. What effort the government has taken for the same, nothing. If the government insist on making people educated providing the best and quality education through the governance and then making such digital transformation will be good to the country.Lets discuss!!
Those government knows what is good and benefitial to the citizen but most of them just make propagander of it just to cajole the people. Of course everyone here knows achieving that is possible with crypto currency. It may only take a long time depending on their present development on digital world.
How long it will take will still depend on the response of the citizen on steady process the whole world can achieve it.
I believe that we are still far from an economic system in which there will be no cash equivalent, but now we can trust our future systems with unconditional basic income.
Now, it seems to me, the most important thing is to save mankind from the constant struggle for survival, and to set it more difficult and interesting tasks. For example, the fight against diseases such as cancer.
Now, it seems to me, the most important thing is to save mankind from the constant struggle for survival, and to set it more difficult and interesting tasks. For example, the fight against diseases such as cancer.
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
Those were just political traps to rule the country. Digital transformation becomes more effective when the same happens from the people. What effort the government has taken for the same, nothing. If the government insist on making people educated providing the best and quality education through the governance and then making such digital transformation will be good to the country.Lets discuss!!
Those government knows what is good and benefitial to the citizen but most of them just make propagander of it just to cajole the people. Of course everyone here knows achieving that is possible with crypto currency. It may only take a long time depending on their present development on digital world.
How long it will take will still depend on the response of the citizen on steady process the whole world can achieve it.
Absolutely not, during demonetisation usage of ewallet increased but it has drastically decreased now. Major ewallet such as paytm are providing various offer and services to users but we still have cash dominant society . Reasons behind this is our black economy so we are still not prepared for it. I think govt should or a separate private should start a campaign to attract consumer to digital space then only we can step forward to cashless transformation.
Many governments are being unrealistic about the cashless economy that they are trying to push on their population, there are countries that are very rich and have a very good distribution of their wealth that can in fact move to a cashless economy but in a country like India in which there are so many poor people that do not have access to electricity, do they really expect that people are going to use digital options instead of cash or something physical to exchange their goods? It doesn't really makes a lot of sense.
Same thing happened in my country, Indonesia.
Centralized digital wallet is a thing here.
We have more than 10 digital wallet for cashless payment here right now.
The popular one is gopay, by gojek. It’s became popular because it used to pay service by gojek
Gojek has many service, like ride-hailing, food delivery, courier delivery service, and many more. Basicly they provide what your daily needs.
They also give us discount and cashback. It effectively boost the adoption of their service and digital wallet.
Back again with the question, is society ready for transformation?
I think it depends on the transition. If the society feel they are being forced to do it, they will not ready.
But if you can make the society change their habits to cashless because of the benefits and easiness, they will enjoy it.
Centralized digital wallet is a thing here.
We have more than 10 digital wallet for cashless payment here right now.
The popular one is gopay, by gojek. It’s became popular because it used to pay service by gojek
Gojek has many service, like ride-hailing, food delivery, courier delivery service, and many more. Basicly they provide what your daily needs.
They also give us discount and cashback. It effectively boost the adoption of their service and digital wallet.
Back again with the question, is society ready for transformation?
I think it depends on the transition. If the society feel they are being forced to do it, they will not ready.
But if you can make the society change their habits to cashless because of the benefits and easiness, they will enjoy it.
I don't think we'll ever turn to non-cash payment forms. Nonetheless, not in the foreseeable future. The percentage of using non-cash payment forms will increase, but there will be no disappearance of state cash. They will always be in demand, because in reality they are very easy, and are not dependent on any hardware, there can be no technological glitches, we are not dependent on anything, there is no control of the transaction. Sometimes cash is really useful
It's already happening. In most developed countries they tend to choose cashless, digital transactions that are much more convenient than going door-to-door. It's already in action. Society is more than ready to take on a cashless or more precise, a fiat-less world. Now the problem is, I don't think bitcoin or cryptocurrencies are ready just yet to face the public. That's why we're stuck with cashless transactions still primarily based in cash. Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
Having a paperless transaction would definitely change the practices of our traditional ways which will surely make an impact to the old generation. India is a country that is well known for having an advance technology and it is much expected that they would be one of the first country to regulate the use of digital currency all over their territory. For other countries, I think that is so far from happening yet considering the legalization of different country within their regions. Lets discuss!!
Jump to: