Cashless society - page 8. | Bitcointalksearch.org

Abiky

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Quote from: Leonia-Ridinger on March 13, 2018, 09:07:12 AM

I very rarely use cash, just paying everything by card. That's also cashless

and yes, if you disregard the decentralization and democratization of money dream, countries can create private blockchains that issue cryptocurrency and make it fully identifiable (as opposed to anonymous). That could certainly work, and be nice in terms of usage, but it's not the dream I am hoping to come true

also it would make it easier for countries as they wouldn't need to print cash at all. Also there would probably be less fraud, but at the cost of the cost of privacy I guess.

Exactly. Existing solutions such as credit/debit cards, and smartphone payments with Android Pay or Apple Pay, are all cashless. Nowadays, with the recent surge in technology, we could slowly experience a transition from old fiat money to digital fiat money. It would change many things that we've never thought possible and will make our lives more convenient. Countries would be hesitant to implement their own blockchain solutions for greater transparency and reduction of fraud from their issued currencies. The benefits of having a digital currency are too hard to ignore for any central bank or government to let it pass by.

Quote from: Ramtapsbtc on March 13, 2018, 09:58:30 AM

Agree with you point that a cashless society would reduce criminal activity specially in the third world countries. I think we are gearing towards that system, the cashless system as we can see the use of credit cards for doing the groceries as an example.

For instance, Venezuela has announced the "Petro" cryptocurrency. On the other hand, Marshall Islands (look for it on Bitcoin Magazine) have announced that they will issue their own sovereign cryptocurrency. All of this, is showing us that someday in the future, we won't use physical fiat, but instead, digital fiat currencies operating on private ledgers. It's only a matter of time before, people become educated about using them, and gain better access to the internet for a cashless society to become a reality in our world. Wink

grabpopcorn536

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Quote from: MostHigh on June 14, 2017, 12:01:37 PM

Abiky i believe a paper currency less society is possible but not in the recent future. First of all this will require universal free internet access which will not be possible until probably thirty years time that is even if the developed world is ready to make sacrifice to help the less endowed get to that le

It is easy to understand that when the society does not have cash when people now know and use virtual currency, I think that the development of virtual coins is apparent and robust, in the very future. Payment can be killed and not used anymore. People all over the world will use digital money.

crocozino

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Hm, establishing of a cashless society can be possible to happen in the distant future, I guess. But I'm sure not now, because people still tend to use fiat or real money rather than using Bitcoin or any other type of cryptocurrencies that has come from blockchain. Also a lot of other people, who has power in this world usually have TONS of money, and they used to multiply that money. I doubt that they would say, no problem, we will throw our money away, we do not need it any more. this ain't gonna happen. never...

victorscrown

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Time will come that cashless society will be implemented by the government. there are already known personality that has microchips in his arm so when this person is in the mall for shopping no cash on her bag but instead by using his arm where microchips is planted everything is paid. No need to bring cash on bag.

huanzhong644306

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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

With the development of today's society, bank CARDS, credit CARDS, alipay, and WeChat payment have been popularized in our lives. The era of cashless society is getting closer. However, mobile payment has caused many security risks due to social media embezzlement, SMS Trojan links, and fraudulent verification code. At the same time, digital money will add to the cashless society, and the cashless community has added a security.

One of the advantages of using digital currency to pay for traditional payments is low cost. So that's why digital money has a place in the cashless society. Digital money will play a very important role in international transfers, especially around the world. Using BCH to pay for each transaction is very low, only a few cents or less, which not only brings convenience to the rich, but also provides opportunities for the poor. So BCH has become an ideal currency for many businesses and businesses.

With the advent of cashless society, BCH will surpass bitcoin as the leader of the digital currency industry, giving its own power to a cashless society.

Tiernadi

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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

I don't see anything impossible in idea of cashless society. Maybe the global shift towards Visa is the first step on this arduous journey.

BETnaBET

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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

Maybe we will live in a cashless society if bitcoin will recover up and go back to the highest price of last December. Maybe all over the world will fast decide to live is in a cashless society because it is more good for all of us. Electronic processing is much more easier. That we will live in a high technology for the convenience of all people. And its more majotity if we live in cashless society.

Ramtapsbtc

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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

Agree with you point that a cashless society would reduce criminal activity specially in the third world countries. I think we are gearing towards that system, the cashless system as we can see the use of credit cards for doing the groceries as an example.

Leonia-Ridinger

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I very rarely use cash, just paying everything by card. That's also cashless

and yes, if you disregard the decentralization and democratization of money dream, countries can create private blockchains that issue cryptocurrency and make it fully identifiable (as opposed to anonymous). That could certainly work, and be nice in terms of usage, but it's not the dream I am hoping to come true

also it would make it easier for countries as they wouldn't need to print cash at all. Also there would probably be less fraud, but at the cost of the cost of privacy I guess.

Epimetheus

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Quote from: mariyawisman on March 13, 2018, 06:51:43 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

It's true someday we will use digital currency, i really don't know how it would work. The big deal is that people that live in poverty may suffer this big change.

I think this can happen later in the future but not now.Cryptocurrencies should to be known to every person for a cashless society.People depend on fiat currency for their day to day uses and transactions.Cryptocurrencies are not legalised in many nations.Only a few percentage of people know about the cryptocurrencies and their advantages.But their users are increasing day by day.People want change so it will not be difficult to bring a cashless society.

Dux2K

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Look from this side how many of you use credit and debit cards in every day purchases. With so little stores that dont offer this king of service and not in all places in the world. Believe that this is just another step for this to be complete i rarely now use cash in every day purchase, mostly use plastic for this except in some bit cases then I use cash.

So we are in some way in cashless society from some angle and we will evolve in this direction so that we can use less paper money for this.

mariyawisman

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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's true someday we will use digital currency, i really don't know how it would work. The big deal is that people that live in poverty may suffer this big change.

Paulina85

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Quote from: bigbangmother on March 09, 2018, 03:06:13 PM

This is a good idea, a cashless society means less hassle more convenience to all of us. But I do think that this will not happen yet soon. Cry

Indeed I'm an advocate of cashless Society. I'll be glad to see all government adopting that policy

Coleth

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Cashless will indeed happen in the future.That will be the time when digital money will be known to people. And that is also a plan for the elites where chips will be implanted to peoples hands ir forehead that is written in the Bible in the book of Revelation. And its good thing there are crypto currencies now which will become an option to people so that not all will not be forced to the plan of chipping when cash will be gone. And by that time i think internet will be accessible anywhere for faster transactions anytime.

Paulina85

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Cashless Society is possible and it's fundamental to avoid money laundering

zngit

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In my opinion this is not impossible to happen. The world today is full of gadgets and new discovered of technologies that every one who knows gadgets wants it. Most specially those who are educated persons. Cashless will take place when technologies dominate the mindset of the people. We always look for new so it will be possible as soon as possible in my perception.

vanslyien

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Its nice to visualize a cashless society in the future. Its like travelling or shopping without a cash or fiat on hand. No falling in line when making a payment, no waiting.. easy, and fast transactions. Hope the government would allow this to happen and will cosider how these crypto world can make our lives easy.

markj113

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Im sure you all will enjoy your wonderful cashless society until the next round of bank bail outs.

Except next time your fucked as there will be no bank runs as there is no cash to withdraw and no way out, and dont think you can just transfer all your fiat into bitcoin as there will transfer limits imposed before you can do anything about it.

A cashless society is a government/bankers wet dream and most of you seem to stupid to realise it.

Abiky

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Quote from: GideonGono on March 10, 2018, 02:43:12 PM

Well cashless society I think it would be great it will a lot easier to transact their transact here , you know i think it though I imgine it and seen on my dreams. And it's a lot safer though because it can reduce the crime of it. And I think it is better to have an cashless society.

With a cashless society, crimes would be reduced to a minimum for sure. But they can never be prevented as criminals could use anonymous digital payments (like Monero) for their needs. Despite this, a cashless society brings many benefits that would be hard to ignore for any government nowadays. Higher efficiency in transactions, environmental protection, and reduction of fraud and corruption is all possible with a cashless society.

This is not possible with physical fiat where it damages our environment, it's less efficient, and cannot be sent easily and safely across the world at inexpensive rates. Since cashless payments provides the government's ability to track every transaction made on a ledger, it will be the perfect tool for them in the future.

Nevertheless, the world is heading towards that direction (although slowly), and we should be prepared to embrace it. Just my thoughts Grin

GideonGono

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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

Well cashless society I think it would be great it will a lot easier to transact their transact here , you know i think it though I imgine it and seen on my dreams. And it's a lot safer though because it can reduce the crime of it. And I think it is better to have an cashless society.

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