Topic: Cashless society - page 38. (Read 36284 times)
I think it's too early to say that the society will completely give up cash, because many in poor countries don't know how to use electronic money yet and even afraid of them.
Cashless culture is really a great idea so that the particular government authorities could take control of their economy and citizens money transactions.But actually,it seems impractical to apply for atleast now.Many are illiterate all over the world.They're found in all nations.They have no understanding of digital transactions.Nor there is a bank account,nor there is a charge card or bank card.All they know is only the paper cash that they could hold within their hands physically.In indian,recently the federal government tried to ban quality value notes and using this method,it tried to turn individuals to cashless dealings.But individuals even endured with out paper cash,but majority of individuals didn't change to cashless dealings.It was a big failing in india.Other countries aren't any much more different from india.So,it might be not practical to try to produce a cashless culture.
Blockchain technologies are a break through revolution for digital money, yes
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.
A cashless society is possible because of bitcoin. We have to accept the fact that we can already pay anything with the use of internet. So, due to the fact that internet is another world we can definitely generate a policy that involves bitcoin as payment.
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.
Cashless society does have it's perks, but in the long run cash money will always be more preferred. Take a real paper map and GPS as an example, if there's no network you can still rely on the paper map or in this context money. Digital currency is very useful, but only if the access is to everyone. 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.
Cashless society sounds good but will never be a reality, how else will governments suppress their people. 
It is also good but I think a big adjustment for us since we are all used to have cash in our pocket. I think if we will have a cashless society it would be going to be hard time for those who doesn't have an internet connection since bitcoin and other alt coins needs to have an internet connection before we use it. Maybe it is also not a good idea for everybody in the world since in our country, internet connection has a slow connection and we cannot access free internet connection outside.
Nothing is impossible indeed. We are now high-tech and modernized, because of technology innovation we can create system to make things easier, faster and more convenient. So cashless society can happen in the future, it will be replaced totally by ATM cards and digital currencies.
I think there will always be a use for currency pretty much, but i can see paper money going away in the near future, just like paper itself for the most part. Everything, almost everything, will be digital and done on computers.
I don’t think so that it will ever going to happen. There will always remain so many amongst us who will not be having any kind of awareness about digital money. Moreover, this paper money is being used across the globe since centuries and there is no way that we can experience a cashless society. In addition to this, paper money will remain at its very own place no matter what the circumstances are.Right. It would be nice though to see a future where cash isn't rrally required. The convenience of most transactions, the ease and the quickness. But i doubt that it's ever going to happen. Even with all of cash's flaws, it's still very important and there are situations where you won't be able to use digital
It will happen in the future, there will be a day when people will not use paper money again and using a card or a QR code on their phone or something else for their transaction. The problem is it will takes time for "3rd world country" to apply cashless society in their country.
I think there will always be a use for currency pretty much, but i can see paper money going away in the near future, just like paper itself for the most part. Everything, almost everything, will be digital and done on computers.
I don’t think so that it will ever going to happen. There will always remain so many amongst us who will not be having any kind of awareness about digital money. Moreover, this paper money is being used across the globe since centuries and there is no way that we can experience a cashless society. In addition to this, paper money will remain at its very own place no matter what the circumstances are.Right. It would be nice though to see a future where cash isn't rrally required. The convenience of most transactions, the ease and the quickness. But i doubt that it's ever going to happen. Even with all of cash's flaws, it's still very important and there are situations where you won't be able to use digital
I think there will always be a use for currency pretty much, but i can see paper money going away in the near future, just like paper itself for the most part. Everything, almost everything, will be digital and done on computers.
I don’t think so that it will ever going to happen. There will always remain so many amongst us who will not be having any kind of awareness about digital money. Moreover, this paper money is being used across the globe since centuries and there is no way that we can experience a cashless society. In addition to this, paper money will remain at its very own place no matter what the circumstances are. 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.
A cashless society is possible because of bitcoin. We have to accept the fact that we can already pay anything with the use of internet. So, due to the fact that internet is another world we can definitely generate a policy that involves bitcoin as payment.
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.
Well, we cannot deny the fact that there is a time when all our paper money will replace with digital currency. Everything will adapt to the needs and changes in our society so do our currency; but in this situation, we must consider some possible problems that we can encounter. We need a faster internet, there are some countries that has slow internet and this can be a serious issue that is very important to solve as soon as possible.
A cashless society is possible because of bitcoin. We have to accept the fact that we can already pay anything with the use of internet. So, due to the fact that internet is another world we can definitely generate a policy that involves bitcoin as payment.
A cashless society is possible even without bitcoin.
I'm getting tired of mentioning that we already have a live example in Sweden where less than 2% of all transactions are made in cash.
Great point and topic. I think that it could be possible to reach such a state. However, I think there should be a lot of advancements first technology-wise. Also, before people to fully embrace such future, governments or other institutions that would carry such digital currencies would have to provide for a near perfect safeguard for people to be convinced to transition from using cash to e-currencies. It will surely be transformative if that happens; however, the aspect of criminality would always find a way to take advantage of people. Hackers and online swindlers may proliferate since money is basically stored only in digital banks or wallets. I don't want to be negative but there will always be people, who would try to push their luck and use any means to have it easy. Having said, I think the possibility of cash and digital currency to co-exist is much more possible that a total cashless means of dealing.
As I said before.
The western countries have everything that is needed for a cashless society.
And all those fears of hackers have proven to be a myth, there was no growth in hacking but instead there was a huge drop in robberies especially wallets.
Nobody is going to try stealing you credit card when with a simple call you can block it.
Besides there is no point stealing one as in Sweden you can't get cash from it in most location, and going to a store and showing your face with a stolen cc is not a bright idea.
I think there will always be a use for currency pretty much, but i can see paper money going away in the near future, just like paper itself for the most part. Everything, almost everything, will be digital and done on computers.
Tons of research (look in Google scholar by searching the word “pain of payment”) has shown that people behave sensibly when parting with cash. However, while paying with card, this pain is reduced since the notional amount of money is transferred and not actual currency. In such situation, people tend to overspend and can get into hellla debt very quickly. This is the primary reason all debt counselling services recommend using cash only methods.
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.
If we exist the cashless society now maybe there are some criminals activities that can avoid like using mobile phones by digital currency no paper money in our pocket just our mobile phone.As we encourage others for digital currency I think it can avoid corruption and other dirty hands from the government if we implement this.But for some reason we need an internet connection in everywhere we go to use the digital currency worldwide. 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.
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.
Great point and topic. I think that it could be possible to reach such a state. However, I think there should be a lot of advancements first technology-wise. Also, before people to fully embrace such future, governments or other institutions that would carry such digital currencies would have to provide for a near perfect safeguard for people to be convinced to transition from using cash to e-currencies. It will surely be transformative if that happens; however, the aspect of criminality would always find a way to take advantage of people. Hackers and online swindlers may proliferate since money is basically stored only in digital banks or wallets. I don't want to be negative but there will always be people, who would try to push their luck and use any means to have it easy. Having said, I think the possibility of cash and digital currency to co-exist is much more possible that a total cashless means of dealing.
Cashless society is definitely where the world is heading right now because of the amount of technology that we have today, so it was just a matter of time before digital currencies took over.
I think there will always be a use for currency pretty much, but i can see paper money going away in the near future, just like paper itself for the most part. Everything, almost everything, will be digital and done on computers.
I agree with you, lots of people will still depend on paper money especially for those people can't afford to buy a device that can store their money with the form of digital currency but like what you said there's still a possibilities that it will happen. Almost everyone have already access in today's technology and inventors are always come up with different idea that can sustained the needs of our society. I think if cashless society will happened lots of things will change especially on transaction of money all over the world with out the used of separate currency. You are right about that. Many people depend on today's technology and it is not impossible that all transactions in the future will be done online. The transactions are fast and more convenient in that way but still bitcoin is not known by other people and we should consider that.
Digital world and currencies is getting popular now but not all people will be interested and not all people are able to adapt in modern ways.
I think there will always be a use for currency pretty much, but i can see paper money going away in the near future, just like paper itself for the most part. Everything, almost everything, will be digital and done on computers.
I agree with you, lots of people will still depend on paper money especially for those people can't afford to buy a device that can store their money with the form of digital currency but like what you said there's still a possibilities that it will happen. Almost everyone have already access in today's technology and inventors are always come up with different idea that can sustained the needs of our society. I think if cashless society will happened lots of things will change especially on transaction of money all over the world with out the used of separate currency. Jump to: