Topic: Cashless Economy: Is Society ready for transformation? - page 8. (Read 20742 times)
Reading the OP's statement contradicts the current status of bitcoin in India. If they want to have a cashless society, then integration of cryptocurrencies is one of the steps that they can look at. However, they are drafting laws to ban the usage of bitcoin in their country. So are they really ready for cashless society or are they not willing to accept the fact that cryptocurrencies are on the rise and they just have to regulate the usage but not to the point of banning it?
I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
This is more common in developed countries, and even in northern european countries it has been started for a long time, and it would completely eliminate paper money for several years.Only countries that are far more advance and the state of their economy is somewhat stable would be the main candidate for experimenting cashless society.
But as far as developing nation, it's still hard for them to implement this, as they are still relying on the old and traditional way of barter or trading.
Sad but true. Still many love or depend from using cash, even if cashless comes to be in full speed, still there are set of rules that must be made by government to insure that go smoothly. Small shops cannot accept plastic as payment, also some countries have rules about for what it can be used. Seen little strange situation they didnt give some person to buy cigarettes for credit/debit card payment only cash, they say this is house policy. Still some rules must be set for everything.
I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
This is more common in developed countries, and even in northern european countries it has been started for a long time, and it would completely eliminate paper money for several years.Only countries that are far more advance and the state of their economy is somewhat stable would be the main candidate for experimenting cashless society.
But as far as developing nation, it's still hard for them to implement this, as they are still relying on the old and traditional way of barter or trading.
I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
This is more common in developed countries, and even in northern european countries it has been started for a long time, and it would completely eliminate paper money for several years.Only countries that are far more advance and the state of their economy is somewhat stable would be the main candidate for experimenting cashless society.
But as far as developing nation, it's still hard for them to implement this, as they are still relying on the old and traditional way of barter or trading.
Cant say about other parts of the worlds but my Continent Europe has maximum cashless transactions. from marble stores to vegetables all you can buy electronically and pay electronically. We happen to withdraw physical cash may be once a month just to pay transport fees in villages.
In some parts of Ukrain you can even buy stuffs with bitcoins and litecoins, but these types of shops are available in limit.
In some parts of Ukrain you can even buy stuffs with bitcoins and litecoins, but these types of shops are available in limit.
I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
This is more common in developed countries, and even in northern european countries it has been started for a long time, and it would completely eliminate paper money for several years.
A cashless economy is the most adopting feature in most of the countries after the Venezuela downtrend of the economy many citizens realised it is the digital economy that is more secure so they are turning up in for cryptocurrency
I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
Those who are not accepting the reality of the crypto that money has become an optional choice for us, cash is less in use now but crypto is much more with time,. We are living now in digital era and for crypto currency is gradually reducing the value of cash, if we want to make good earning for our life better move with time and accept the reality now we are in cashless era.Slowly yes. Especially the new generation who seem to be eager for new technology and would accept it with a whole heart. At this point there are still the majority of the population that grew up with the current system. The next generation may be more comfortable with using other alternatives.
I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
Those who are not accepting the reality of the crypto that money has become an optional choice for us, cash is less in use now but crypto is much more with time,. We are living now in digital era and for crypto currency is gradually reducing the value of cash, if we want to make good earning for our life better move with time and accept the reality now we are in cashless era.I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
For developed countries, maybe the use of bitcoin is not a problem because the internet and education of its people have met the requirements, but this is very different when looking at conditions in developing countries or poor countries.For now it is not possible to apply evenly in poor countries because the obstacles are too much. Still have to use fiat money for daily transactions. If you are forced to use bitcoin there will be many obstacles.
I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
The India government is taking the right steps in the right directions by making the society into a cashless society and into virtual currency and a financial system that try to do away with the old traditional method of transactions, am hoping that other countries will adopt the cashless system also.
A money-free system is good, but people still need some sort of criteria of values for equal exchange. the transition to cryptocurrency will not solve these issues, except that it will be complete and there will be nothing left in the country except cryptocurrency, but this is not possible.
The financial transformation of a country certainly takes a long time and must be supported by infrastructure and people's understanding of the new thing. I think there are still many people who have not been able to reach crypto because of their social and economic status. The comfortable habit of using paper money or fiat in fulfilling daily needs will be very difficult to eliminate.
The India government is taking the right steps in the right directions by making the society into a cashless society and into virtual currency and a financial system that try to do away with the old traditional method of transactions, am hoping that other countries will adopt the cashless system also.
A money-free system is good, but people still need some sort of criteria of values for equal exchange. the transition to cryptocurrency will not solve these issues, except that it will be complete and there will be nothing left in the country except cryptocurrency, but this is not possible.
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!!
maybe in India it's ready to use digital money but for some countries it's not ready to do it, there are many regions that don't know digital money because there are many reasons such as living in remote villages that have not been touched by electricity and the internet so maybe only a few countries are ready for the transformation of digital money. Lets discuss!!
if in my opinion the person is not ready to make a transaction not using paper currency because not everyone wants to change transformations in life every day. because the paper money has become part of their lives
Most probably it happens in those remote areas where there is absence of internet and their capabilities. If there is no probably with that, it for sure they are using it by then. Though fiat is still the majority currency we used but knowing that we are heading for more crypto user in the future. This is process and it takes time before if finally be transformed into crypto. Changing banknotes or fiat with crypto to carry out daily transactions in the community will be very difficult, especially for those who live in rural areas whose infrastructure does not support crypto presence. So, paper money will still exist even though crypto is growing rapidly now.
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!!
You make the topic must be accompanied by a source, because your topic does not add other words to discuss,Lets discuss!!
This is a danger to yourself if caught copy / paste, it is strictly prohibited at the Bitcointalk Forum.
You take from this source: http://cashlessindia.gov.in/
The India government is taking the right steps in the right directions by making the society into a cashless society and into virtual currency and a financial system that try to do away with the old traditional method of transactions, am hoping that other countries will adopt the cashless system also.
You can watch some of it on Youtube and you will be amazed on how they are adapting that cashless system especially in China. I saw them pay using their smartphones for their gas, food and any basic needs of a consumer. I really see that convenience of doing that and I know that sooner the whole world will adapt it.
Without a doubt it is convenient, I'm not going to argue that but are you willing to sacrifice your freedom just to save a few seconds here and there? Because at that point the only thing that will save us from a total tyranny from the governments will be bitcoin and other cryptocurrencies that will allow us to make transactions that cannot be linked directly to our identity, our privacy is under attack from all fronts and yet people do not see it and a cashless society will be one of the worse things that could happen for those that care about their privacy. 
You can watch some of it on Youtube and you will be amazed on how they are adapting that cashless system especially in China. I saw them pay using their smartphones for their gas, food and any basic needs of a consumer. I really see that convenience of doing that and I know that sooner the whole world will adapt it.
It is not in china alone, even in my country. Everyone is gradually used to using phones for transfers; banks have even made it easier by providing codes that can make us use even phones that are not smartphones to make transfers so this makes it easier to pay for anything using a phone. I think the world is ready for cashless society because of it is really convenient and makes transaction faster. There are no much challenges with it and even though there are any, it would easily be conquered. Jump to: