Digital Money = Cashless Society - page 20.

iMark

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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

Of course fiat will never disappear, only version of fiat will be renewed from paper money will become digital currency, this is a natural
thing change happened effect of a change of era dude, you don't need to worry, fiat will continue to survive but cash will disappear

Daboy_Lyle

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Casheless Society

Due to the improvements of Hi-technology the payment methods are also being effected by the modernity of everything. Paying with physical or fiat money is not usually used by cryptocurrency users. Paying using phone is being developed by the society. Almost 50% shops in the world accepts crypto as a payment method because some of the owners of shop or managers are traders on crypto. That's why digital currency is being accepted by the society.

That's my idea on Cashless Society, what's yours?

Camilacat

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In the country where I am from is also practically without money, since hyperinflation is so high that you would literally need a wheelbarrow of cash to make a purchase, that's why debit cards and transfers are so common, we only use cash to pay for the bus rides.

DevilSlayer

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The cashless society will only occur if all of the citizens of the most countries are aware to what is bitcoin. They will only patronize cryptocurrency if they know a lot of information about cryptocurrency.

jaysabi

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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.

Physical fiat money, I could see since most advanced economies have been moving in that direction for years, ever since paper checks started acting as an analog for cash. Credit cards soon started eating up market share, and that pace continues to accelerate now that everything is digital. Physical fiat will be replaced by digital fiat, but I don't see digital fiat being replaced by something else.

Ascredo

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I think maybe in the future cashless society as of now is not the proper time but with the new technology wich bitcoin can play a major role in digital transactions hope we can be a cashless society.

Oto3

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Most of the folks prefer it the old way. Buy something with real money. They do not want to do it electronically because they fear that they might be hacked. but for people who work online, of course, they can only accept their payments through online transactions.

posi

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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.

Meowth05

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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.

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

In my country, many people here are now using cashless or digital money to pay all of their bills because it is very convenient that they don't need to fall in line to pay their bills. It is true that bitcoin is a part of digital money that is why many people began to be interested to used bitcoin.

Dextroboy

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

Btcepoy11

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Quote from: xsaints128 on June 23, 2018, 04:17:26 PM

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.

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

Digital money is the same worldwide. It's just money transferred through the internet or electronically without the involvement and usage of cash. The world is rapidly moving towards digital money with increased instance of usage of debit/credit cards,etc. And as we all know Bitcoin being another digital money will gain more and more prominence in the near future.

It's good to use a digital money there is no hassle and it is easy to use. We are now in modern-day we seek for different things and different ways to make our life easier. Having a cashless society like using bitcoin will make our life easier.

xsaints128

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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.

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

Digital money is the same worldwide. It's just money transferred through the internet or electronically without the involvement and usage of cash. The world is rapidly moving towards digital money with increased instance of usage of debit/credit cards,etc. And as we all know Bitcoin being another digital money will gain more and more prominence in the near future.

Marcsymon

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Quote from: Dimon888 on June 23, 2018, 03:44:21 PM

Cash will continue to exist for a long time in our world, the volume of transactions with them will decline annually. Developed countries will exclude cash payments, they will also be the first to switch to electronic money.

This is a good moves that all transaction will be done electronically. Because it is more safer to individual by being theft, robbery or any crimes involves money physically. So it means digital currency will be good for cashless society which is more secure and safer transactions.

Dimon888

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Cash will continue to exist for a long time in our world, the volume of transactions with them will decline annually. Developed countries will exclude cash payments, they will also be the first to switch to electronic money.

rainezerr401

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Quote from: Eigig on June 19, 2018, 07:02:44 AM

If there are many establishment , industries and companies accept payments of bitcoin, and the entire highly urbanized areas in the country will receive payments of bitcoin then it will turn out to be a cashless society you are living.

Cashless society is actually good for different consumers because there are a lot of people who wants faster transactions, the only problem is that, not every people in the community can earn cryptocurrency.

weeklyeth

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digital money is future we may see the world to be digitalized and virtual currencies will be the main options for net citizens and fiat currency believers

pelipurlara

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According to sya is now no longer safe if we are out with a lot of cash now and that is the reason why people always prefer to use credit cards, and now bitcoin as well. That's why I hope that the shopping center in my country also receives bitcoin or cryptocurrency as payment. I think digital money has been used all over the world. Although not all citizens in a particular country use digital money as payment

cherryfer

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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.

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

Digital money in my country is same as what your stated here, aside from fiat money we have also paying bills using debit or credit card and also we have electronic payment transfer, digital payment method here in the Philippines was operated several months ago. but for making money cashless method with your own processing is not yet operated, that's what I want to use bitcoin because anytime I decide to make payment transfer or make an investment in front of my computer I did it in easy way.

jaocoincrypto18

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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.

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

I think any nations that adapted the digital technology and the internet could also do any kind of digital transactions thru credit cards, atm and crpto currencies if available. Unless if the certain nation is unfortunately behind of the technology that will link to digital transactions therefore become a cashless society would be impossible to them like in Somalia and any other nations that less civilize.

Sled

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Quote from: First77 on June 22, 2018, 08:52:41 PM

Cashless society means no ATM machines. There are 100,000 to 200,000 ATM machines in a big country/economy like China

If we are going to cashless society then the ATMs will not be there anymore and that would be a huge loss for the banks because they will not be using those ATMs anymore because for sure the one that will be leading in terms of cashless society are the cryptocurrencies and i think it would be awesome.

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