Digital Money = Cashless Society - page 16.

Camorra Dev

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Quote from: Ibrahim 2020 on June 30, 2018, 05:31:08 AM

Online payment made the world easier.Now we no need to go to stop to purchase,we can get from the home.
This is possible by the acceptance of online transcations. Now bitcoin is accepted as a one of the payment.People are now earning money from the Internet now

Good point of view, but digital money never = cashless society. Digital money has greatly evolved. It is real to buy some product into the internet using bitcoin or another crypto.

Gila uang

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Quote from: pantheraio on June 16, 2018, 10:22:23 AM

With the existence of digital money does facilitate us in making purchases or transactions of any kind. However, most of the use of digital money will replace paper money and will make it difficult for some areas or places that do not serve digital money usage transactions in a less developed country.

I think somehow, there are people who became way basic pay as they are used. or possible, the people that have not been introduced a new payment method. we can wait a few more years and the world will be the public without cash. money digital now used in all parts of the world. this is very comfortable in the sense that you don't need to bring a bag of money just to purchase goods very expensive. only swipe or scan only, has been paid. new era we needed to have a new innovations to progress and for that to be a mixture of the world of high-Tech at this time. our world forward, as well as the application and products.

korkyqq

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I think that all around the world, the use of so called, digital money is increasing by the minute. All the e-commerce website show that. Only the undeveloped countries still have a lot of its trading made in cash. This countries are located in the Balkans, Africa and some poor Asian regions.

mahilchii

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My country is digitalized almost 5 years back and every where it is digitalized but my country is not yet approved or banned Bitcoin or any crypto as of now. I'm just waiting for any news from my country in the media and I will be happy if they announce crypto currency as a part of digital money or cashless society.

Gumpfire

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Quote from: First77 on March 25, 2018, 12:27:41 PM

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It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??

In ny own opinion, digital money is being mostly used nowadays because it is very convenient and it has a very fast transaction. Everywhere in our country people are using digital money or cashless because they don't need to fall in line to pay their bills our buy their items. That is why i think bitcoin has a big possibility that it will be approved by the government because bitcoin is also a digital money.

bhabygrim

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Best Bitcoin Casino www.coinsaga.com

Well I think we are really moving forward to being a cashless society there are so many things that we could pay online or with our card almost everything could be paid online now ,
So for me we could really say that we are now beginning to be a cashless society but people are not yet ready to leave the paper money or Fiat .

First77

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There is $10 to $100 worth of Gold in each computer processor (intel, qualcomm etc..). Gold runs the technology world.

Quote from: r1s2g3 on June 01, 2018, 06:38:13 PM

Gold is not getting used in laptop and computers only but also in smartphones and TVs . The gold used in these devices is not recoverable and it make around 10% of the total demand of gold. There is still too much scope in the expansion of the smartphone industry so this demand will go up and remember this amount of gold is lost (deflation). There are other industry uses of gold (like medicine, aerospace etc.) but they do not make a significant portion.

darewaller

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Quote from: First77 on June 30, 2018, 05:20:44 AM

Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way.

This makes me often think about the Venezuelan money crisis when the inflation was a hyper inflation and the cost of printing money was far more than the face values of the money. Besides, the inflation was more than 13000% in the economy.

As a result, the people stopped accepting the money and started paying for goods and services by using mobile money. This reduced the amount of cash in the society and thereby making it possible to push the economy towards a cashless society.

anntlevel

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Quote from: First77 on June 30, 2018, 05:20:44 AM

Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way.

It does not make sense if we have a lot of cash and we can buy only few things but it is wonderful if we use less money and get many things. So, digital money is high life usage while the fiat money has no high life usage near a person. Therefore we would love to use digital money having high potential to buy things which is in our benefit and if we have this then we do not need cash.

Husecomang

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Quote from: First77 on June 30, 2018, 05:20:44 AM

Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way.

Thats what blockchain is but we need a currency which operates on Blockchain technology and the answer is bitcoin. The only hindress of bitcoin being used and becoming the cashless society is the Government and other powerful bodies who do not what that fiat is being overcome by the decentralized bitcoin on which authorities has no control.

eup

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No, cryptocurrency is not equal to a cashless society. There is currently an example of a cashless society, that is China, but we can see that China does not use cryptocurrencies. They have formed a kind of cooperation and consensus between banks and enterprises. In other words, they digitized cash.

millionaireshs

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Quote from: First77 on March 25, 2018, 12:27:41 PM

Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??

In my country here in the Philippines cashless payment is usually used for a Good Class of Living Standard because 50% above of the population value of the Low Class of Living is not availed for this kind of payment method. we are very thankful that bitcoin is coming to our life cashless payment in behalf of bitcoin is applicable now even if we are a poor person.

andika2018

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Quote from: ucingucingan on July 01, 2018, 02:41:05 AM

Today's financial transactions have begun to use digital, this is very profitable when compared to cash, the use of digital currency is more practical and episien where transactions can be done anywhere and anytime, and more environmentally friendly because of the lack of money printing using basic materials paper

Technology made it easier. With technology we can make transaction faster and cheaper. I am believe cashless society will happen in near time because we are living on digital world. Its much easier using digital money rather than using paper money, digital money is more safe and more faster if we using it for transaction

Maddinson100

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Quote from: lucyhahaha on June 25, 2018, 11:50:17 AM

For me, it can happen, but the percentage on digital money equal to a cashless society is very meager. We all know that there is only a few establishments that are accepting bitcoin comparing to that establishment and companies that are accepting bitcoin as payment. Also, the acceptance of bitcoin is still meager even it is accessible and expensive. Maybe in the future, digital money is equal to cashless society if bitcoin and another cryptocurrency become legal and the acceptance grow.

If I say, we do not need cash if we are having a better a choice and this is important in many other ways. If the Bitcoin is available for fast transactions with lesser transaction fee and as a source of investment with huge profit then why are we worrying about cash? This digital world will benefit us the most and that is what we need to meet with all our benefits so again it has importance in our lives.

First77

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Quote from: goyal.dkg on June 30, 2018, 06:51:58 PM

what other options they do have ? because whatever you buys from them has a purchase cost which is paid by seller in fiat , so if he hold crypto and price goes down then it will a big risk for him . you can say he can hold it . but holding is like investing for him . he cant hold it otherwise for new stock he will have no new money . only solution is everyone start accepting crypto globally .

Let's say Bitcoin holder buys a laptop for 0.01 bitcoin and the price goes up by 20%, the Bitcoin holder loses 20% profit. There is no logic for Bitcoin payments.

In fact, gold and silver are better for payments at shops/stores because bullion never changes more than 3% in one day.

ucingucingan

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Today's financial transactions have begun to use digital, this is very profitable when compared to cash, the use of digital currency is more practical and episien where transactions can be done anywhere and anytime, and more environmentally friendly because of the lack of money printing using basic materials paper

Kris34

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Non-cash society is already close. In one country the chip is already implanted for payment, it will soon be possible to pay them everywhere.

Sled

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Bitcoin- in bullish time

Quote from: goyal.dkg on June 30, 2018, 06:54:11 PM

Quote from: Niya on June 28, 2018, 08:34:08 AM

Quote from: First77 on March 25, 2018, 12:27:41 PM

Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??

I am a strong Bitcoin's advocate, but I also believe using cash money is the only way to spend and receive money without being traced. So it would not be a good thing if cash will disappear.

Cash will not disappear in future too , it is the mode of digital currency which will change and will be more secure . and for untraceable transactions you can use privacy coins . also who knows which ether/bitcoin address is ours or not .

In the future, for me, the transaction with privacy coins will be forbidden because it is more prone to be used as a gateway of doing illegal since they are untraceable and the authorities like the police will have a hard time to locate or to find out who is the suspect and that is why i think we will have a traceable type of digital currency in the future.

goyal.dkg

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Quote from: Niya on June 28, 2018, 08:34:08 AM

Quote from: First77 on March 25, 2018, 12:27:41 PM

Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??

I am a strong Bitcoin's advocate, but I also believe using cash money is the only way to spend and receive money without being traced. So it would not be a good thing if cash will disappear.

Cash will not disappear in future too , it is the mode of digital currency which will change and will be more secure . and for untraceable transactions you can use privacy coins . also who knows which ether/bitcoin address is ours or not .

goyal.dkg

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Quote from: First77 on June 28, 2018, 07:34:43 PM

Quote from: Niya on June 28, 2018, 08:34:08 AM

I am a strong Bitcoin's advocate, but I also believe using cash money is the only way to spend and receive money without being traced. So it would not be a good thing if cash will disappear.

I read that shops/stores sell Bitcoin immediately after they get the payment because of fear of price change.

what other options they do have ? because whatever you buys from them has a purchase cost which is paid by seller in fiat , so if he hold crypto and price goes down then it will a big risk for him . you can say he can hold it . but holding is like investing for him . he cant hold it otherwise for new stock he will have no new money . only solution is everyone start accepting crypto globally .

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