Topic: Cashless society - page 2. (Read 36284 times)

It is not a reality in this day and age even in developed countries to have a cashless society as there are many hurdles to overcome the basic problems to become one,we might need a long time to see the world adapt to a cashless society,with the rise in technology i think we could see that in twenty years time.

If modern society does not have funds then its future will be wrecked, what if people have digital currency then the long term will occur nicely, so the commencing is needed to access with common free web, when it is held.

Exactly. Many people are becoming accustomed to technology these days, and it should only be a matter of time before they get used to digital currencies. Using cryptocurrencies or any other form of money, is way better than carrying with physical cash or even plastic cards, in my opinion. Transactions settle instantly and without borders across the internet anywhere in the world. What's best is that it's possible to implement the use of digital currencies in implants or small devices that are easy to carry with anywhere.

Once this comes into effect, we would experience a cashless society where you could pay with either your smartphone, tablet or even implants in any part of your body. As such the benefits of cryptocurrencies or digital currencies are hard to ignore in the future. It would take some time to implement such a system, but as generations pass, they'll experience a cashless society where people could transact freely and securely without middleman, and possibly without banks. With AI and Blockchain technology, everything could be a transaction and operate autonomously in the mainstream world.

Imagine, going to the bank without bank tellers, but instead an AI which takes care of deposits/withdrawals, and more. You would just use your implant or device to make a deposit/withdrawal without the need for human intervention. The same applies to grocery stores, and even fast food restaurants. Eliminating cashiers and putting computerized systems powered by Blockchain and AI would be the future of a cashless society. Just my opinion

I think our society is not cashless. Because in the present age no one wants to lend anything to anyone. Everyone wants to do cash trading. But if the government allows it to build a cashless society it may be.

I believe that the economy in the future will be a lot more better and people will live a wealthy life if only other governments will just do the same just like how japan is reacting today regarding to cryptocurrency.

In some places most everyday transaction are already cashless (eg. Singapore), but I think there will always be the longing for cash as it has not only the inherent value, but also the emotional value of holding and having it. Outlawing it as many people fear is nothing I see happening in the future.

If we see at this time it looks not possible but maybe in future when world adopts cryptocurrency then maybe something happens like this. But at this time not looks possible.

I will not consider that income will totally be changed with cryptocurrencies in long term simply since crypto don't function offline. Crypto is largely for the educated course who know how to use Net and cannot be utilised by every person so i will not believe cashless society is achievable.

If the society does not have cash, it may be more difficult to pay for goods and services. I think liquidity is very high liquidity they are suitable for small payments in the country than BTC.

I am still not seeing and even imagining it that someday, I will just be walking down the street that all people are not already into using cash because of digital currency because we are already dominated and dependent into using digital currency for our everyday life needs. Although I am already into Bitcoin, still I prefer to use cash because there can be so many problems that can be associated in using just digital currency alone. Since it was already digital, we got nothing to be assured of holding because admit it or not, getting into digital world totally associates risks.

In some countries the society already became almost cashless, in my for exampe you can hardly, but move and do things without having cash money with you in a pocket.

I think we can not just use cryptocurrency for transaction. Because each person have different ways to do that, maybe some need fiat money and beside that some of them need cryptocurrency, and this happen determined by where they live, villagers usually prefer fiat money because it is more suitable for them, meanwhile urban society usually choose cryptocurrency because it has provided in their place.

As my state of mind now i actually seeing the society cashless and doing good to our community imagine there are no more cash that will be used and also imagine the crime that can be reduced by that. Cashless community can fasten the peoples work and also the people's paying in something.

You can already see it in East Asia, especially China where they just use apps to pay for everything. Which might explain the bad rap they're giving cryptos there. It would look like what we currently are used to, except that we no longer need to carry cash around. Might increase online purchase though.

Whether the cryptos would outright replace fiat, I'd be more conservative and expect that they'll instead coexist with the digital versions of fiat.

Cashless society is too ideal. But the idea is quite promising since it would lessen the time of any transaction. But it is too far to be adopted.

The Bitcoin network is able to process more transactions every second than today. This condition, however, is not fully prepared to handle the transaction amount of credit card networks. Development is being done to overcome the existing limitations and everything needed for it in the future. Since its inception, every aspect of the Bitcoin network is proceeding to grow in terms of maturity, optimization and specialization and this condition is expected to continue in the next few years.

At my opinion cashless society should stay in project nowadays. Our world isn't ready to stop using paper money, there are too many ways to hack the system...

Even with the next generation, I do not think that this society will have no cash because we can see a convenience and suitable for all ages, this is something that technology can not replace, adults can use modern technology very easily but children are not possible. I have never seen a child using a bank card or other payment system, mostly used cash, they have no consciousness about money, if they own a card or any other payment method, they will be very wasteful, and when the cash still has a positive effect in this society, it will not disappear

when we are talking about cashless society we always assume that it is a solution for all of our problem and create a better future, this kind of utopian's dream to tell the truth, there are a lot of benefit from cashless society that we predict such as privatisation of financial system, less of government minding our business and also less taxes etc, but it doesn't mean that cashless society have no negative effects, it is true it could reduce the crimes of cash money but what about the archaic problem of humanity? the rich and the poor, cashless society is just death penalty for the poor.

Now a lot of payments in supermarkets and not only is carried out by means of Bank cards. Therefore, cash is gradually replaced by cards.