Topic: Digital Money = Cashless Society - page 21. (Read 4311 times)
Cashless society means no ATM machines. There are 100,000 to 200,000 ATM machines in a big country/economy like China
It sounds so cool that people are using cashless methods to pay in China. It will take some time but most of countries will take this route only in future.
No, traditional money will be always used. I do not think that the cryptocurrency can replace it ever. Bitcoins and altcoins will coexist with fiat, and it will be a norm.
Sweden has been steadily moving towards a completely cashless society for years. Today, less than a fifth of all cash transactions in stores use cash, half what it was five years ago. The country bans the use of banknotes and COINS on buses, and many tourist attractions accept only non-cash transactions.
The law allows stores to refuse cash. So many stores now have signs that say "no cash". Life can be difficult for those who are unwilling or unable to accept these changes.
The law allows stores to refuse cash. So many stores now have signs that say "no cash". Life can be difficult for those who are unwilling or unable to accept these changes.
I think This is the future of my existence. And that's inevitable
Society without money. because it describes the state of the economy in which the financial transactions are not made with money in the form of physical banknotes or coins, but through the transfer of digital information (usually electronic representations of money) between parties who transact.
well in our age you can really just bring your phone and scan the qr code to buy and sell goods a very convenient way of trading good paired with the advancement of technology all thanks to satoshi nakamoto who invented bitcoin which triggers the invention of altcoins the improve versions of bitcoin which have a more complex usage of blockchain.
that was good living in the cashless society world, can doing many transaction just in one click and can be transfered in any place anytime and fast thing, that was a huge improvment for the economic after all
I think Cryptocurrency users in our country are starting to increase as it gets a lot of attention because a lot of people get a lot out of it.
Bitcoin can also be considered as a digital currency because it can be used in transactions and other services. In our country few use credit cards, debit cards and cryptocurrency because few can afford it.
Yes, it is very convenient and cool.In my country, cryptocurrencies are not yet so common.But every day there is some news that are associated with cryptocurrency.Most likely, soon it will be legal and everyone will use it.
I think so that it will be some sense and will be very good for the community as well as bad in some expects but in the case of others it is an advantages for them because they can see a cashless society. We all know to have a money is the easy way to go to transactions. But to have a digital money is the easiest way than the other. Not a headache but can totally change a life style of a human being. We must be thankful that their is that helps us to be stable in life.
Unfortunately, in my country with a crypto currency, not everything is clear, but this summer new laws will be enacted. I very much look forward to when it will be clear.
Switzerland is obviously heading for cashless society. They're developing a new token Saga with low volatility and without an opportunity to speculate. It means it will only be appropriate for payments. However, it'll not be anonymous
Yes, if cryptocurrency will be used as digital money, It should be not be anonymous and also it should be a centralized coin, so that to be more transparent of the every transaction made , and these are the answer all speculation about BTC and ETH, and also these makes the bitcoin and altcoin very popular in the market.
It sounds so cool that people are using cashless methods to pay in China. It will take some time but most of countries will take this route only in future.
No, traditional money will be always used. I do not think that the cryptocurrency can replace it ever. Bitcoins and altcoins will coexist with fiat, and it will be a norm.
Yes, it is very convenient and cool.In my country, cryptocurrencies are not yet so common.But every day there is some news that are associated with cryptocurrency.Most likely, soon it will be legal and everyone will use it.
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.
Digital money definetely eliminates the paper money involved in the system. But would it make the system completely cashless is the main question. Well, it can definetely bring in a "less cash" drive than the cashless one. Offcourse achieving a cashless society is the bigger goal but we need to wait for that for a while. For now, less-cash society is whats being offered with the advent of digital money, and the whole digitization process alltogether.
Offcourse the cryotocurrency will add to this in a good and substantial way as it is based completely on digital money, created and existant over the cloud. This if regularised in a more advanced and accepting way, will definetely pave ways for cash-less economy and will eliminate problems assiciated with paper money like theft, laundering, corruption, etc.
Offcourse the cryotocurrency will add to this in a good and substantial way as it is based completely on digital money, created and existant over the cloud. This if regularised in a more advanced and accepting way, will definetely pave ways for cash-less economy and will eliminate problems assiciated with paper money like theft, laundering, corruption, etc.
Despite of the all the popularity, convenience and existence of digital money I don’t think cashless society could be completely implemented. It couldn’t fully replace fiat money as of now. Not everyone are used to technology and some may not have it or aren’t comfortable in doing transaction through it.
Digital, non-cash money is also, to some extent, under the control of the financial regulator. If you make money on the Internet and use digital money, it is very convenient to display them on a plastic card in order to pay in the store and make purchases. Here comes the nuance - at the legislative level of a particular country there may be restrictions on the transfer limit, the withdrawal of cash, without providing supporting documents. Legalizing money is sometimes problematic.
Rats/mice destroyed all the cash/money in ATM machine
Decimated! 'Surgical Strike' by mice on SBI ATM, whopping Rs 12 lakhs destroyed
Every note was destroyed to the core. It was nothing less than a 'surgical strike'! In a nearly unprecedented and shocking incident, notes worth over Rs. 12 lakh were found shredded apart into pieces, allegedly by mice, in an ATM in Tinsukia district of Assam. The ATM (DFBK - 000196116) which belongs to the State Bank of India (SBI) is located in Laipuli area was kept closed from May 20, 2018, due to technical issues.
A group of repairmen visited the ATM on June 11, when they found heaps of shredded Rs 500 and Rs 2,000 rupee notes. Indian Express has reported that the bank officials have confirmed, notes worth Rs 12,38,000 have been destroyed by mice inside the ATM machine.
https://www.msn.com/en-in/news
The smell of food and drinks from the currency notes must have attracted rats/mice in the ATM machine
Decimated! 'Surgical Strike' by mice on SBI ATM, whopping Rs 12 lakhs destroyed
Every note was destroyed to the core. It was nothing less than a 'surgical strike'! In a nearly unprecedented and shocking incident, notes worth over Rs. 12 lakh were found shredded apart into pieces, allegedly by mice, in an ATM in Tinsukia district of Assam. The ATM (DFBK - 000196116) which belongs to the State Bank of India (SBI) is located in Laipuli area was kept closed from May 20, 2018, due to technical issues.
A group of repairmen visited the ATM on June 11, when they found heaps of shredded Rs 500 and Rs 2,000 rupee notes. Indian Express has reported that the bank officials have confirmed, notes worth Rs 12,38,000 have been destroyed by mice inside the ATM machine.
https://www.msn.com/en-in/news
The smell of food and drinks from the currency notes must have attracted rats/mice in the ATM machine
I hope not so far ,people use digital currency instead of fiat currency.day by day user of digital currency are increasing.bitcoin is a part of digital currency and its popularity are so much.I hope all over the world people use electronic currency in future.
I’d really want to say that people of my country are going to be cashless society but the reality is different. I use cash very rarely but I think the majority of people still uses it even though usually you can pay with credit card almost everywhere.
On top of that, a cashless society is hard to attain if bitcoin and cryptocurrencies can not be used when you are offline. How can you pay for your bills in the restaurant, or even your cup of tea if you can't transact in the blockchain because of the situation that you can't access the internet? No internet means no transaction in the blockchain will be processed.
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 ??
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 ??
More or less yes of course and I am excited for that to happen because of course I wanted to experience a cashless society and I hope before my life come to an ends I will be able to have a chance to be a part of it to use it. I knoe that would be nice because I can get to different countries ajd buy different kind of foods or everything by not using any cash by not bringing any of that thing or even Credit cards all we need it a devuce that we always have on our hands and that is our smart phone
We considered cryptocurrency as digital currency no more paper money it's a cashless society and this will happen if the world will legalized and accept bitcoin as a currency all transactions and payment of bills including shopping are done through internet.
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 ??
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 its nice to have a cashless society but i dont think china has a cashless society as of the moment. Because i observed that china has still a cash involvement in their processes.
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 ??
That was quite obvious that the existence of digital money duly inhibits that counter part of it which is cashless society. Currently, in the country where do I belong, we are open into the usage of digital money because we are now have been using the same feature other countries around the globe have already been using. But, the totality of implementation to use digital money instead of real currency, we cannot still do secure because people are still not that knowledgeable enough to adapt cryptocurrency in terms of digital usage that is why people still prefer in out country use regular currency rather than digital one.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 agree with you sir there are countries that dont know more about the crypto or digital money even the uses of this. Bitcoin is good in my country but there are places here that`s not enough connection to make transact in online store and this is one of the big problem when using digital money as payment . Maybe in the future i can use digital money everywhere i am.
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