Topic: Cashless society - page 23. (Read 36273 times)
Digital currency really accelerate the development of no cash, in China, due to various quick mobile payment, mobile payment development soon, go out with no cash, with a mobile phone can completely meet the requirements of payment. The hope is that digital currency will be legal in China, so mobile payment will be more convenient!
I think we are already headed to becoming a cashless society, though it is gonna be a long road to be fully cashless. One of the best examples of a cashless society is China, where WeChat Pay and also AliPay is used almost everywhere in the country.This goes to show that government support can truly fasten a process such as cashlessness. Also hope Bitcoin and other cryptos will be used alongside fiat on a larger scale.
In the world of economic cashless represents paying with credit or debit card, with cheque or electronic methods rather than the use of cash. So with this statement we could say that we are in pretty much cashless world. If we count into this all the cryptos we could say that more then 50% if not more are being done cashless and there for we are in cashless society.
That is true, but at the moment we still have cash and can use it just as easily as the other methods (assuming you're in person). At some point though that may not be the case, and that's what I'm worried about.I think that the traditional currency will be used for a long time. There are countries that have difficult access to the Internet, which means they can not use digital currencies. Even paying by credit card is difficult.
Adopters of crypto coins and currencies claim that the fiat paper money will be replaced by crypto soon, yet this is not likely to happen within the periof of 5-10 years from now on.
This would take much more time than we can think.
In the world of economic cashless represents paying with credit or debit card, with cheque or electronic methods rather than the use of cash. So with this statement we could say that we are in pretty much cashless world. If we count into this all the cryptos we could say that more then 50% if not more are being done cashless and there for we are in cashless society.
That is true, but at the moment we still have cash and can use it just as easily as the other methods (assuming you're in person). At some point though that may not be the case, and that's what I'm worried about.I think that the traditional currency will be used for a long time. There are countries that have difficult access to the Internet, which means they can not use digital currencies. Even paying by credit card is difficult.
People without cash give out sugarless coffee, people have no cash can not buy anything unless the community understands digital money, but if people do not have cash the public can only make barter payments, but if they understand the digital money they can make a payment through digital type of money.
In the world of economic cashless represents paying with credit or debit card, with cheque or electronic methods rather than the use of cash. So with this statement we could say that we are in pretty much cashless world. If we count into this all the cryptos we could say that more then 50% if not more are being done cashless and there for we are in cashless society.
That is true, but at the moment we still have cash and can use it just as easily as the other methods (assuming you're in person). At some point though that may not be the case, and that's what I'm worried about.I think that the traditional currency will be used for a long time. There are countries that have difficult access to the Internet, which means they can not use digital currencies. Even paying by credit card is difficult.
People without money .. I will be sad because I can not do anything .. Money is everything without money I do not know what we can have later ..
May the journey of the times can provide facilities that make money for us all. I now really need money, for my everyday needs I have learned a lot about something that can make money well without disturbing others ..
I have experience how to get digital currency that I can use for my purposes. Therefore I always expect the future that will come we are easy to get something our needs.
May the journey of the times can provide facilities that make money for us all. I now really need money, for my everyday needs I have learned a lot about something that can make money well without disturbing others ..
I have experience how to get digital currency that I can use for my purposes. Therefore I always expect the future that will come we are easy to get something our needs.
Have you ever wondered how would the world's economy be like in the future as a cashless society?
Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.
If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.
Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.
Nevertheless, I would like to know your opinion about this.
In my opinion, in the next 10 years, the society will not use cash, because now there are many places have replaced cash in electronic money, in my country even on the taxi was paid. by electronic transactionsPerhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.
If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.
Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.
Nevertheless, I would like to know your opinion about this.
it is possible, but it will be hard. Countries with advance technology can afford to make it a reality but in poor countries where most people can't even afford to buy gadgets and don't have any access in internet, it will be impossible for them to make it happen, especially that there are lots of corrupt government in these country where they don't want their transactions to be tracked.
It is true in first world countries there is a big possibility for them to provide a cashless society because they have the right amount of technology for it and their poverty rate is low unlike in third world countries where in their technology isn't always updated because they can't afford it. They also has a high rate of poverty where it it will be hard for them to have a cashless society.This will happen ,when the price of bitcoin reaches 100k$.Bitcoin crossed many peak.A month ago the price of bitcoin is reached 19,000$ peak.This is just an beginning to see the value of 20k$.If the bitcoin replace the dollar,I am dam sure that we can see the cashless society in very short period.
it is possible, but it will be hard. Countries with advance technology can afford to make it a reality but in poor countries where most people can't even afford to buy gadgets and don't have any access in internet, it will be impossible for them to make it happen, especially that there are lots of corrupt government in these country where they don't want their transactions to be tracked.
It is true in first world countries there is a big possibility for them to provide a cashless society because they have the right amount of technology for it and their poverty rate is low unlike in third world countries where in their technology isn't always updated because they can't afford it. They also has a high rate of poverty where it it will be hard for them to have a cashless society.I think this is a sad thing. The current economic gap between countries is very high, in developed countries ordinary people spend $ 1000 per day while in developing countries people spend no more than $ 10 per day.
But even if it is a "developed country" or the first world country doesn't mean that there are no poor people there and not all of these ordinary people really spend $1000 per day which I think is an exaggeration. I am living in a third world country and I don't mind doing so, I don't really dream to live in a first world country I just want to follow a simple life and live my life.
I think this gap will not be a problem since card will be the first one to be used and not digital currencies. Digital currencies has a lot of improvements or developments to be done and I think it will still take a lot of years.
it is possible, but it will be hard. Countries with advance technology can afford to make it a reality but in poor countries where most people can't even afford to buy gadgets and don't have any access in internet, it will be impossible for them to make it happen, especially that there are lots of corrupt government in these country where they don't want their transactions to be tracked.
It is true in first world countries there is a big possibility for them to provide a cashless society because they have the right amount of technology for it and their poverty rate is low unlike in third world countries where in their technology isn't always updated because they can't afford it. They also has a high rate of poverty where it it will be hard for them to have a cashless society. I agree if the digital money system can not be manipulated. My concern is oversupply because the demand for digital money is so cheap.
I guess one thing about digital currencies is, it is decentralized and the way I see it, it will be hard to control digital currencies except if they have sufficient technology for it. In a certain country there will always be the low class society on which they can't afford to have the technologies we need to fully implement a cashless society. 
Cash = money , Less = few, to Cashless , meaning the virtual currency won't be eradicate at all. It is a sort of converting virtual to digitalize currency. Im hoping for this to come true since its possible to have that kind of environment where we will be leaving our houses , going to mall with just our smartphones.
If that would be the case, the world should have only one currency for the people to avoid miscaculations and not to confuse with prices. Its very feasible to have a cashless, but some might think that virtual money will be gone, of course not. By this we can escape from corruption on the government and be more futuristic, i always want that scenario.
It's never gonna happen, there will always have to be some sort of physical money as long as there is crime and black markets. People will create and start using their own cash if state doesn't provide any. Back in the 90s you could pay a taxi ride with Marlboro cigarettes in Eastern Europe. Maybe cigarettes come back in use 
, and they're appreciating in value just like cryptos (most of cigarettes are much more expensive today relative to average salary than they were 20 or 50 years ago)
, and they're appreciating in value just like cryptos (most of cigarettes are much more expensive today relative to average salary than they were 20 or 50 years ago)
it is possible, but it will be hard. Countries with advance technology can afford to make it a reality but in poor countries where most people can't even afford to buy gadgets and don't have any access in internet, it will be impossible for them to make it happen, especially that there are lots of corrupt government in these country where they don't want their transactions to be tracked.
Well, a cashless society is surely possible today, and in some country is a reality: is Swedish, for exemple, in a lot of shop cash is not accepted, you can only pay with credit card.
But this is the opposite of cryptophylosophy, as it means absolute control and centralization.
About a cashless society with crytocurrency... we'll see, there are still a lot of problems to solve
But this is the opposite of cryptophylosophy, as it means absolute control and centralization.
About a cashless society with crytocurrency... we'll see, there are still a lot of problems to solve
I almost do not use cash in my everyday life. But I think that the usual money will never disappear. Like gold, they were always and there are more reliable than crypto-currencies. Cashless society it's like an utopia despite the fact that crypto-currencies are very popular nowadays and will become more popular in the future.
The idea of cashless society is that we will have something else to value, although this idea is great in theory it is hard to implement in practice. Thing is that in my opinion this can be talked at the level when "robots" take like everyday jobs which should not happen in the next 20years or even more. Some jobs simply will have to be around. We are far from the great AI that can do crazy stuff, we are getting closer yes specially with the development of recent machine learning but we are still far. Above all in my mind it is something that I can't imagine cashless society although it will be interesting if we even get there within my lifetime.
You can look at it like what people wanted to do with Socialism in some way - it is still far from that but it could as easily fail to be established as a norm.
Have you ever wondered how would the world's economy be like in the future as a cashless society?
Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.
If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.
Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.
Nevertheless, I would like to know your opinion about this.
Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.
If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.
Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.
Nevertheless, I would like to know your opinion about this.
My opinion about this ,that its great idea! but this only a scope of imagination in the happen in the future and i appreciatte this kind of horizon future dreams.if this things happen will i am the one being part of benefited this kind of future technolgy in the world of cryptocurrency.this things only happen if bitcoin first will legallize by the government ,because this is the first move and so other things will follow,when we create this kind of bitcoin legacy in the world of cryptocurrency.
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