Topic: Cashless society - page 54. (Read 36273 times)
I think cashles society is not yet possible even in the next 20 years because the government are really supporting the fiat money or traditional money and the volume of transactions that we are using and its been supported by the government, I think the government will not let cryptocurrency become the volume of transactions that easy.
Just think that not everybody has the money to buy a mobile device and having the internet when they couldn't even afford to buy the food they need to eat everyday. It is only possible in a city where most of their citizens are filthy rich.
In my own speculation, cashless society extracted based on vast ideas of people governs by the expansion of technologies and continue's flow of innovations. The existence of bitcoins boost the significant of having a cashless society in the future, One good reason is a tendency of making our life runs much easier and it is more effecient in processing transactions compared to paper currency..
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.
The possibility of the cashless society that you are saying is 30%. I think the 30% is very small possibility because I think in the future many people will still prefer fiat than digital currency. 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.
I think some cashless societies may exist but I do not think the whole world is going to be able to make that transition, we are in the 21 century and half of the population of the world do not have access to water so it is difficult for me to believe that we could do all of our transactions online when things like that still are happening around the world.
I am also positive that there would be a cashless society in the future but then it would not be implemented worldwide cause there are still places in the world that have not even transitioned yet to information age because they even lack the basic necessities. It would be hard to implement something that not everyone can participate on cause they lack the basic tools to do it. Maybe for us who are already in it and have access to it can easily say that its possible but there are still so many who are not aware of it and when you pitch to them something about being cashless in the future, they would think otherwise.
I think cryptos would co-exist with fiat money since there are so many things that should be done to implement the cashless society. It's co-existing now and it would continue for decades cause technology is so slow especially on developing countries.
With all the advancements of the wirldcand technology I'm convinced we are going to have a cashless society somehow one day but as to the kind of technology and which era it will happen nobody can tell .
Yes maybe not in our lifetime but sure will be in cashless society in future. Technology progress very fast now with each passing day we have some new innovation in any field that can bring cashless society to be reality not just talks or concept at any point.
I'm sure fiat will still exist in the future. Not every people in this world has the money to buy a cellphone and they will buy food instead.
You can never expect to see a society having digital currency only. Both paper money and crypto currency has their own places. Yes, this might be possible that usage of paper money become less. But you cannot say that there will be no more existence of paper money.I consider there will not be a great deal alter to what we are seeing in modern economic system. Crypto currencies nevertheless will be traded on higher rates than the current one. But implementing them in true planet (other than digital) would be hard. In straightforward words and phrases, fiat will even now lead the planet although crypto's still be traded on the virtual info centre.
Such cards has been out for some years now, and I think Xapo Was The first to release, based on my understanding. Yes they make things easy, but I don’t think I’m going to be using them. I’m better off with selling to my favorite exchanger, than use those cards, because they cost a lot. I'm sure fiat will still exist in the future. Not every people in this world has the money to buy a cellphone and they will buy food instead.
You can never expect to see a society having digital currency only. Both paper money and crypto currency has their own places. Yes, this might be possible that usage of paper money become less. But you cannot say that there will be no more existence of paper money.
A cashless society would be far more efficient, both economically and logistically, and it's certainly the direction we're moving in.
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.
It's already become a reality. Sweden is nearly 100% cashless. Stores are aloud to legally deny it, most banks don't carry it, and ATM's have disappeared like phone booths.
I'm sure fiat will still exist in the future. Not every people in this world has the money to buy a cellphone and they will buy food instead.
You can never expect to see a society having digital currency only. Both paper money and crypto currency has their own places. Yes, this might be possible that usage of paper money become less. But you cannot say that there will be no more existence of paper money.
I consider there will not be a great deal alter to what we are seeing in modern economic system. Crypto currencies nevertheless will be traded on higher rates than the current one. But implementing them in true planet (other than digital) would be hard. In straightforward words and phrases, fiat will even now lead the planet although crypto's still be traded on the virtual info centre.
Cashless society? I think it is impossible to achieve there are a lot of consideration to make it happen even cryptocurrencies are actively used in digital world. If you notice not all establishment/business are open to cryptocurrencies transaction. Some societies have no idea what is bitcoin and it uses. For me cashless society is impossible to make it happen.
Not really impossible but it will take a whole lot to make this a reality. Some.countries perhaps can support a society without cash entirely but there will be setbacks that would have to be hurdled at the start. It may take a hundred years if we're all even alive by then to seriously think about removing physical money transactions
There are already Bitcoin cards. There are companies like BitPay where you deposit Bitcoin and you can get a VISA card to make purchases automatically with Bitcoin from your account. It is amazing.
Cashless society? I think it is impossible to achieve there are a lot of consideration to make it happen even cryptocurrencies are actively used in digital world. If you notice not all establishment/business are open to cryptocurrencies transaction. Some societies have no idea what is bitcoin and it uses. For me cashless society is impossible to make it happen.
Not really impossible but it will take a whole lot to make this a reality. Some.countries perhaps can support a society without cash entirely but there will be setbacks that would have to be hurdled at the start. It may take a hundred years if we're all even alive by then to seriously think about removing physical money transactions
Cashless society? I think it is impossible to achieve there are a lot of consideration to make it happen even cryptocurrencies are actively used in digital world. If you notice not all establishment/business are open to cryptocurrencies transaction. Some societies have no idea what is bitcoin and it uses. For me cashless society is impossible to make it happen.
Not really impossible but it will take a whole lot to make this a reality. Some.countries perhaps can support a society without cash entirely but there will be setbacks that would have to be hurdled at the start. It may take a hundred years if we're all even alive by then to seriously think about removing physical money transactions
Cashless society? I think it is impossible to achieve there are a lot of consideration to make it happen even cryptocurrencies are actively used in digital world. If you notice not all establishment/business are open to cryptocurrencies transaction. Some societies have no idea what is bitcoin and it uses. For me cashless society is impossible to make it happen.
In spite of the fact that it has almost no inherent value and was initially worth pennies on the dollar, there is real enthusiasm for its fundamental blockchain innovation because of its decentralized and pseudonymous nature.
Current social orders depend completely on enormous go-betweens, for example, banks, to build up confide in their economies. Generally speaking, they have made a decent showing with regards to satisfying their capacity. Notwithstanding, there are issues that come from old plans of action conflicting with new innovation. Innate to the old model is centralization, which is clasping under its own particular weight.
Current social orders depend completely on enormous go-betweens, for example, banks, to build up confide in their economies. Generally speaking, they have made a decent showing with regards to satisfying their capacity. Notwithstanding, there are issues that come from old plans of action conflicting with new innovation. Innate to the old model is centralization, which is clasping under its own particular weight.
That picture screams so loud fake Photoshop I had to turn my volume down.
Also that clip is probably staged.
But there are real examples of of how a cashless society is affecting the lifee of poeple who rely on change.
This was four years ago:
http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
http://www.zerohedge.com/news/2017-05-16/sweden-inches-closer-cashless-society-churches-and-homeless-now-accept-plastic
Also that clip is probably staged.
But there are real examples of of how a cashless society is affecting the lifee of poeple who rely on change.
This was four years ago:
http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
http://www.zerohedge.com/news/2017-05-16/sweden-inches-closer-cashless-society-churches-and-homeless-now-accept-plastic
I'm sure fiat will still exist in the future. Not every people in this world has the money to buy a cellphone and they will buy food instead.
Yes, fiat will exist for sure but over the time we will head towards a cashless society and it might take a few decades from now. At any given point, not everyone will use digital modes of payment but the number of users using digital form would be a majority.
Here are some examples:
* Beggar with swiping machine.
* Another one.
I am sure some beggars will accept Bitcoin too within next 5 years.
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