Cashless society - page 36. | Bitcointalksearch.org

portotoi

full member

Activity: 280

Merit: 101

Blockchain with a Purpose

Quote from: Abiky on June 14, 2017, 11:41:23 AM

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. Wink

If in the future is a cashless society then it will be a great thing that will happen. Imagine that in every transactions has a record then all illegal transaction can be monitored and be identified and that helps the crime prevention and crime solution in this world.

yusupjatigumilar

full member

Activity: 644

Merit: 100

Along with the advancement of time and payment technology in cash is now starting to decrease a lot of people have turned to payments based on electronic money technology more practical and safe, but this is not fully can be done optimally in my country there are only some methods of payment that must use the money electronics such as toll booths to speed up transactions and reduce congestion when queuing in tolls, in addition to electronic money can reduce the state budget in printing money and can be used for the construction of other facilities.

Awes0musMaximus

newbie

Activity: 3

Merit: 0

So as to do this, we must finish povery very first then alter the education about cash and finances. Not only that, we have to force technology-illiterate individuals for doing things. As dreamy as it is, it can't finish well

helen28

full member

Activity: 453

Merit: 100

Quote from: azguard on November 11, 2017, 06:25:43 AM

Quote from: gotya1 on November 10, 2017, 10:55:52 AM

Quote from: azguard on November 10, 2017, 07:49:38 AM

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.

Yes we always have cash, cuz we have stores that are still not accepting above mentioned payment methods. But if we look globaly we are more in cashless payment then real cash payment. Some research indicated that people buy more on credit card then on any other payment method, and we from time to time exchange bitcoin to real cash.

And it is a good thing for all of us our life has become more easier nowadays that we have some alternative to cash as use for payment etc. So it is not surprising anyway if we will have bitcoin as our future currency as we can see we are adapting cashless nowadays and it has been very helpful in our daily life and business.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Quote from: gotya1 on November 10, 2017, 10:55:52 AM

Quote from: azguard on November 10, 2017, 07:49:38 AM

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.

Yes we always have cash, cuz we have stores that are still not accepting above mentioned payment methods. But if we look globaly we are more in cashless payment then real cash payment. Some research indicated that people buy more on credit card then on any other payment method, and we from time to time exchange bitcoin to real cash.

mylyn2327

member

Activity: 294

Merit: 12

Cashless society sounds so good but i think it will run many years before it happens. It possible but i dont think everyone will not fully understand about it yet and also some people are afraid, like having cards because they think it will cause them harm. Especially nowadays there's alot of people who are into scam and doing bad against weak people. But Looking on its bright side it is hassle free, like how i use now i dont need to carry big amount of money to buy expensive thing, just using my card, i dont need to trouble myself. 😃😃😃

RenegadeMind

copper member

Activity: 1380

Merit: 504

THINK IT, BUILD IT, PLAY IT! --- XAYA

Bitcoin is cash.

You either have it, or you don't.

Altas

full member

Activity: 366

Merit: 100

Cashless society is possible, but for the same each and every people in a country needs to be educated. Because at present there are people who doesn't have any understanding as well haven't used a card. At this moment thinking of cashless society is something a tedious task.

nagatraju

hero member

Activity: 672

Merit: 500

I think this would take lots of years and considerations by politics and bankers. This would be a new paradigm for everyone, so it has to be studied before moving to a cashless society. And with digital currency you get all the risks you have with the digital world.

Pasaway2701

full member

Activity: 479

Merit: 105

Quote from: resty on November 10, 2017, 04:16:18 AM

Quote from: Abiky on June 14, 2017, 11:41:23 AM

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. Wink

cashless is really much comfortable for individual but for the ability of many people for doing this is just minimal this time. Hoping for the next twenty years all country would be pursuing to make an effort to do the digitized transaction for all time.

Cashless might be comfortable to use. No one notice how much you carry everywhere because it can only access only being a cashless society is hard. There are some location that do not have any internet access. What if there get a breakdown in the internet, people cannot leave without money. There are many advantages and disadvantages of being cashless society.

gotya1

newbie

Activity: 44

Merit: 0

Quote from: azguard on November 10, 2017, 07:49:38 AM

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.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: resty on November 10, 2017, 04:16:18 AM

Quote from: Abiky on June 14, 2017, 11:41:23 AM

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. Wink

cashless is really much comfortable for individual but for the ability of many people for doing this is just minimal this time. Hoping for the next twenty years all country would be pursuing to make an effort to do the digitized transaction for all time.

Next twenty years will be enough for the countries to adjust their financial or payment system because i believe that in the future, cashless society will bring a lot of benefits to the people like ease of paying bills or purchasing things without bringing bags of money or thick wallet because you can go all out by just having smartphone in your pocket.

hannahB4

member

Activity: 532

Merit: 13

Seriously, this is where the economy is going to but when this is achievable I can't say. The advantages of having a cashless society is more than its disadvantages. For instance reducing theft and criminal acts.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

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.

resty

full member

Activity: 501

Merit: 147

Quote from: Abiky on June 14, 2017, 11:41:23 AM

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. Wink

cashless is really much comfortable for individual but for the ability of many people for doing this is just minimal this time. Hoping for the next twenty years all country would be pursuing to make an effort to do the digitized transaction for all time.

elash

member

Activity: 116

Merit: 10

Quote from: Abiky on June 14, 2017, 11:41:23 AM

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. Wink

If our society is cashless there is no banks, lenders, investors and etc. and the growth of economy is unidentifiable because if the society is cashless therw is no circulation of money in one nation. Maybe if the society is cashless the society is in barter system which is exchanging the object to object and food to food or gold, silver and bronze to the anything they want as an exchange of it. This is our history when there is no cash this system is what they used.

Fretcy

full member

Activity: 395

Merit: 100

The increased use of digital currencies around the world and mass adoption of bitcoins and other crypto currencies will bring the world to a cashless society which is for the betterment of the people and the world as a whole, cashless society will help to curtail robbery, identity theft caused from credit and debit cards, one of the biggest advantage of digital currency is duplication of digital currency is not possible unlike fiat currencies. Every day new user's are entering the bitcoin market which is one of the reasons for the booming of bitcoin price, mass adoption of the bitcoin and crypto currency technology will help people to travel all over the world with one digital currency without having to worry of taking huge amounts of money on hand. Now a days most of the central banking systems are adopting this blockchain technology which will bring more digital fiat currency to the world which is easy to use worldwide.

Pakboy

full member

Activity: 195

Merit: 100

"Proof-of-Asset Protocol"

Quote from: Abiky on June 14, 2017, 11:41:23 AM

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. Wink

It is really hard to predict to what will happen in the future. The cryptocurrency is becoming more popular nowadays. Many people around the world are now adapting bitcoin. Cashless society may happen soon.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: btctube on November 09, 2017, 01:23:14 PM

A platform has to be developed first and my crystal balls tells be its usually the mobile apps that will help the adoption to make all these possible. almost 90% of the people world wide have phones and its going to be easy to reach out if phones are used for crypto products.

agree considering nowadays almost everybody has a cellphone / a smartphone exactly, the developer should take it as an opportunity to looking for an extra ordinary idea make it as a media to grow the ecosystem and introduce the e-money (bitcoin) in easy way.

wonder why it has lack of interest? people still has a lot of doubts in bitcoin. and only time could answer about it.

Genemind

sr. member

Activity: 1596

Merit: 335

Quote from: Abiky on June 14, 2017, 11:41:23 AM

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. Wink

The people have been using cash for centuries. Now, that we have really advanced technology, perhaps it would be much better to eliminate cash in our system and use online currency for a change. This will also bring convenience for us.

Topic: Cashless society - page 36. (Read 36273 times)