Topic: Cashless society - page 22. (Read 36284 times)

Yeah. It will be something convenient, and it would save a lot of costs (not to mention that digital money is environment friendly). If all the people around the world get used to cashless payments, then governments would've started rolling in digital currencies at a faster rate than what it is right now. All that is needed is the proper education, to introduce as much people as possible into cashless payment methods such as cryptocurrencies, to pave the way towards a cashless society in the future.

With this system, you can store any amount of "digital money" into your device without having to carry bulky stacks of banknotes all around you. With cashless payments, you get security, convenience, and portability allowing you to travel to different places in the world and access your money easily.

I hope that with the advent of DAOs, DACs, smart contracts, and digital fiat currencies in the mainstream world, we could achieve a cashless society that would greatly improve the economy of the world.



True. The transparency of the blockchain allows any external entity to verify the authenticity of the transactions, the balances associated with an address, and more. This kind of system could prove useful for governments in establishing a cashless society as it gives them the power to track over any transaction occurred within their blockchain. It will greatly reduce criminal activity such as money laundering, as every single transaction made on the digital fiat currency's ledger would be visible and trackable by the government.

Because of this reason, I believe that a cashless society is bound to happen soon. It has already been introducing itself with the advent of cryptocurrencies, and it will slowly transform our world as it integrates itself into central banks and governments alike. Just my opinion

Yes, I used to think that if a social day does not have cash then what will happen, Cash is known to people around the world as a common currency to trade popularly, but now money Virtual is the trend of the new age. and Bitcoin is the strongest

A cashless society is a long long process we should have the electronics for the credit card, cheques and etc.  In every society the government should be well planned on how to impose for cashless society.

Cashless society may happen when the reign of a society is corrupt. Be able to do the appraisal. People experience excessive hardship and Super hungry. Be difficult for youth the next genaration because they shoot so much poverty.

Yes of course. I already wondered hwhat will going to happen on our economy id there's no cash. Well, negatively speaking, there are some who thinks that we might not survive. Yes it's true, definitely true. But, positively speaking, come to think of it, when time comes that there will be no cash, we might attain our desired unity. Yes, because of unity, we will be able to survive. By sahring good, to one another, good for free that could make another products that we can also see in our present time. You don't to worry. Let's just work as one, and believe me, there'd be no chaos at all.

This is an exaggeration even in first world countries, people cannot spend 1000 dollars a day, only a few people like doctors and businessman can earn that amount of money, every one else is earning way less than that and there are many people surviving with that amount of money for a full month so before thinking that everyone in the first world is rich stop and think because that is not the case.

I do not believe Bitcoin can be spent directly, even if the debit card and Bitcoin payment systems are developed, it will not be used as a payment method due to Bitcoin's transfer fee, and it takes at least 15 minutes to get at least 3 confirms.

I think people without paper money will greatly affect people from small people in the presence of digital currency, but people should be able to accept it because it must follow the times. then people should understand the change because they understand the previous thing about the currency from barter, coins, banknotes, plastic money or debit cards. Therefore people should receive or understand digital money in the future.

China's alipay has been advertising all over the world, and many countries have supported alipay in many countries. Mobile payments are everywhere in China, and you can see small booths with qr code mobile payments! I hope that bitcoin will be legalized in China sooner, so that mobile payment will have more choices, and the cashless society will become a reality!

It could be a great thing that will happen if everyone could accept these changes but it is not possible right now because our current technology is not that yet advanced and some people doesn't really know how to use computers, so it will be down to a huge debate.

I think I also agree with that if the government acpet that deal with no more cash to use but for now I always use a cash to buy things here because here in my country doesn't have yet a bitcoin shops.

First digital currency is not just bitcoin or cryptocurrency dude. I think digital currency is easily controlled because the government will be easy to monitor the transactions made by their community and besides that I agree with you that every country must have lower class society and they will not understand with technology? how can cashless be implemented throughout the community if many people do not understand about technology?

A cashless society describes by tushar Raghav an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital information (usually an electronic representation of money) between the transacting parties.Cashless societies have existed, based on barter and other methods of exchange, and cashless transactions have also become possible using digital currencies such as bitcoin. However this article discusses and focuses on the term "cashless society" in the sense of a move towards, and implications of, a society where cash is replaced by its digital equivalent - in other words, legal tender (money) exists, is recorded, and is exchanged only in electronic digital form.

It can be possible if there are no good/samart government to handle our country nice

We are in the process of converting to a cashless society. We already have ATM cards which we can use shopping is one example.

I think this can happen in the future specially now that bitcoin is gaining much popularity and reputation which may lead it on becoming the world currency in the future. I cashless society will surely be different but all of us will surely adopt on this big change. It may cause convenience to us but it can still cause detrimental outcomes for many. We don't know yet but let us hope that when that time comes, everything will be fine.

This  can be possible but not in the near future and the government cannot be sidelined that easily one way or the other they might look for a way to manipulate the digital fiat currency

By this time..cashless society will be exist in the future and it think it will bloom.because of our new technologies in term of digital currencies..all transaction will be in the block chain and all will be hastle.and people are much looking forward about it.

I have a relative that lives on China and also flies back to our home land and what's happening there, the development of cashless society there is already implemented. It's like a phone to phone transactions and there's no need to bring up cash anymore and that proves that what you are saying is true. And in the next few years, microchip / rfid transactions are going to be the next trend.

With the development of future science and technology to a certain extent, and the currency is accepted by more and more governments, the popularity of cashless fair slowly, credit card payment in the United States, China's small letter, pay treasure to pay is very popular, also go the next research direction is the movement of the currency of payment!