Digital Money = Cashless Society - page 18.

Ethreyes

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www.daxico.com

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 ??

Yeah it will be a normal things in the future that soon we will used crypto currency as a payment for the things we buy... A lots of country will soon perform it in their own country... You know if it happen all over the world itwill be very easy for us and also the world we live will be very accessible to everyone... But before it happen we should teach it also to everyone... We should inform other about it for them to know and to recognize it uses in the future..

kirito1614

full member

Activity: 336

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I think cashless society is defenseless from multiple points of view. You don't have anything to exchange in the event that you ever go outside of the web extend. On the off chance that you've at any point voyaged you know that it is so natural to get into a blind side where your telephone doesn't work. What's more, in such detect your web won't work as well. They won't have card terminals and you won't have the capacity to purchase fuel for your machine or a jug of water. It's too soon to endeavor to live in a cashless society.

gerald246kru

member

Activity: 294

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Bitcoin may be broadly considered part of digital money. However, it is a world different from the digital money that you mentioned in that they are not cryptocurrencies. Many people are much comfortable in being cash less than using cash because it is more convenient that they don't have to fall in line just to buy the things that they want and to pay bills though online

think3214

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Activity: 238

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Digital money is now being used in every part of the world. Its very convenient in a sense that you dont need to bring a bag of money just to purchase a very expensive things. Digital money like PayPal and internet banking is still used by many people. but for bitcoin cannot be used at all. Our government and financial authorities prohibit the use of bitcoins to transact

xxlouisxx

member

Activity: 210

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I guess that country really evolve in short period of time when it comes to currency, maybe mosy of the people their was middle class up to higher class in which they are all capable to acqyire cashless society. The bulk of the population lives in the countryside, away from civilization, where the car will always travel along local roads. Tell them about the advantages of debit and credit cards

automaticmoney

member

Activity: 420

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many countries are trying to attain cashless society in the form of digital of their fiat currencies but cryptocurrencies play vital role in such move and blockchain is very essential

Jamescur

newbie

Activity: 98

Merit: 0

The cryptocurrency has no mobile payment speed in price fluctuations, transaction costs and transfer time! This is the main reason why cryptocurrency payments are not popular in China!
China's cashless society uses mobile payments, which are mainly done by Alipay and WeChat payment! They don't use credit cards and digital cryptocurrencies！

Rage

member

Activity: 124

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People in here who are always trying to create and be part of a cashless society are the first ones who are always losing money. IT IS NOT going to happen in less than 10 years people!

First77

member

Activity: 266

Merit: 32

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.

Niya

hero member

Activity: 811

Merit: 512

Enhalo Mining

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.

drm

legendary

Activity: 1176

Merit: 1005

Quote from: redsun114 on June 27, 2018, 07:01:12 AM

Quote from: posi on June 24, 2018, 03:46:13 PM

Quote from: Dextroboy on June 24, 2018, 03:34:30 AM

I think digital money is just as an alternative to payment, fiat will never disappear in society

There are possibility that fiat money maybe obsolete because the technology keep on advancing and people most daily activities payment were done using the post terminal payment, card and TT.

Technology makes us able to pay any where in the world within seconds and especially the Bitcoin technology. For transaction it is not difficult to use your wallet, this time Bitcoin is responsive source which is helping us in easy and fast transaction.

Once the people get knowledge about the technology then we do not need cash. If a person is not aware of the use of the technology so it is not difficult to learn about its use because it is in our benefit and we are to learn about it.

Why would you want a cashless society?
I enjoy my privacy and don't need to have all my transactions and everything I buy or sell recorded on a blockchain.
A cashless society would be a wet dream for some governments, eliminates all financial privacy in an instance.

toolucky98

full member

Activity: 490

Merit: 100

i live in Indonesia, and still using cash al the time, but lately the government try to make this country cashless, i can see it from how i pay the highway i use the electronic card, well cashless system still growing in my country and i hope that this system can grow optimally in my country to make everything in payment more simple, easy and safe

redsun114

hero member

Activity: 2674

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: posi on June 24, 2018, 03:46:13 PM

Quote from: Dextroboy on June 24, 2018, 03:34:30 AM

I think digital money is just as an alternative to payment, fiat will never disappear in society

There are possibility that fiat money maybe obsolete because the technology keep on advancing and people most daily activities payment were done using the post terminal payment, card and TT.

Technology makes us able to pay any where in the world within seconds and especially the Bitcoin technology. For transaction it is not difficult to use your wallet, this time Bitcoin is responsive source which is helping us in easy and fast transaction.

Once the people get knowledge about the technology then we do not need cash. If a person is not aware of the use of the technology so it is not difficult to learn about its use because it is in our benefit and we are to learn about it.

sushizhe

newbie

Activity: 21

Merit: 0

The cashless society has emerged in the first place in some countries that are tightly regulated by the financial system. This is a very ironic thing. but in countries such as Japan and Switzerland that have a very developed financial industry do not have a cashless society.

glider101

jr. member

Activity: 125

Merit: 7

There will always be cash and no such thing as a cashless society.
Its just too old fashioned and people and businesses are too used to paper to force them to use digital money.

Camorra Dev

full member

Activity: 294

Merit: 100

Cash money is already an old and used system of payment, because it is non secure in case of stealing, it is not that durable physically, in all the terms, digital money is better.

First77

member

Activity: 266

Merit: 32

70% to 80% less cash in the world economy will also be very good.

reinielle26

member

Activity: 199

Merit: 10

According to PayPal Asia research report, my country is well on its way to be a cashless nation. 25% of its consumers were surveyed and points out that traditional (physical credit card, bank transfer / internet banking, cheque etc.) and new payment methods are now their primary options. As a matter of fact, one third of consumer respondents in the country have already started cashless-transactions. For them,digital money is convenient to use and it has lower transaction fees. And I think so too, you can easily send money through it. That is the reason why people prefers and adopts digital money.
http://adobomagazine.com/philippine-news/philippines-must-adopt-digital-payments-fully-realize-its-cashless-journey-paypal

roomboy85

newbie

Activity: 151

Merit: 0

I think in my country it would be hard for some people to use a digital money mostly for those old people who don't know how to use it and they still choose to use a fiat. But for me a new generation of my country, I prefer to use a digital money for the fast transaction for payment and security of my self and money to the bad people.

peter_coin

newbie

Activity: 92

Merit: 0

Digital money a.k.a Bitcoin and other cryptocurrency would certainly help the financial industry to grow, the idea of cashless policy is very ideal for security reasons, when citizens don't move with cash, it makes funds transferred fast via Bitcoin and secure.

Topic: Digital Money = Cashless Society - page 18. (Read 4289 times)