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Topic: Digital Money = Cashless Society - page 22. (Read 4289 times)

member
Activity: 308
Merit: 17
June 16, 2018, 09:38:44 PM
digital money does not mean people's lives without money. I think we still use the money just a different system that is to conduct transaction activities or any activities related to finance would be easier with a digital system in applied. besides the speed that is done with the digital system in making transactions would be faster. so although physically the financial system digital can not form real but it does not mean in the life of society do not use money.
full member
Activity: 1344
Merit: 103
June 16, 2018, 08:48:47 PM
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.
I think it is not really easy to adapt the crypto currency specially it is really new to us and some other people around really didn't have enoughf knowledge about this thing, so then we cannot deny the fact that if we use digital currency there will maybe a negative effect that may occur. But i believe that digital money will exist soon. I think it is now slowly becoming more popular and maybe someday we can all make use of it.

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.
sr. member
Activity: 1148
Merit: 300
June 16, 2018, 08:22:33 PM
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.
I think it is not really easy to adapt the crypto currency specially it is really new to us and some other people around really didn't have enoughf knowledge about this thing, so then we cannot deny the fact that if we use digital currency there will maybe a negative effect that may occur. But i believe that digital money will exist soon. I think it is now slowly becoming more popular and maybe someday we can all make use of it.
sr. member
Activity: 910
Merit: 261
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June 16, 2018, 07:38:06 PM
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.
full member
Activity: 378
Merit: 100
June 16, 2018, 07:30:21 PM
well for me its not a bad idea to use a digital money.you can buy anything in anyways  because of Digital money even if you have no cash or paper money.but then again not all people wanted to use digital money.
It is really true that  not all people in this world wants to used digital money in the future because how can able to used our digital money when we dont have internet and right now a lot of people is still wants to used cash because it  is more easy to used.
newbie
Activity: 8
Merit: 0
June 16, 2018, 03:37:29 PM
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.
full member
Activity: 420
Merit: 100
June 16, 2018, 02:52:45 PM
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.
legendary
Activity: 2044
Merit: 1115
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June 16, 2018, 01:25:44 PM
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 can really help the security of people. It can also reduce the rate of holdapers or snatchers. Transaction will be much faster and hassle free
I think for a cashless society evryone needs to know about cryptocurrencues or digital money.Cash is used by every person in the world and it cannot be overtaken by any form of currency.Cash is being used from traditional time period and it is accepted internationally.Cash can be used anywhere and anytime unlike digital currency whuch requires an internet connection.Digital currency needs some basic knowledge about it but this is not the case with simple cash and can be used by anyone.

In the US, most transaction use cash but are already using digital cash. The proportion of transaction using physical cash to digital cash is dropping over time, and it started back when checks started being used, which are just an analog of cash. It used to be that cash was physically moved between banks on a regular basis on account of checks being used at merchants, but now this is done electronically. In any event, cash can be the dominant currency and digital can be the dominant method of transfer, and these two things are entirely compatible with each other, and in fact are already the norm.
member
Activity: 434
Merit: 13
June 16, 2018, 11:34:48 AM
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 ??
it is difficult to ensure that digital money exists in every country. because every country already has legislation that has ensured that their money is legitimate money from the government in their country. if you make online payment like paypal. they use their form of payment using real money. which are transferred online. I hope every country can use digital money used in paypal or other payment.
member
Activity: 168
Merit: 12
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.
newbie
Activity: 126
Merit: 0
June 16, 2018, 10:04:10 AM
Cashless society refers to a society that replaces cash payments with electronic payment methods, and makes “non-cash” payment methods such as credit card payment, mobile payment, or cryptocurrency payment become mainstream payment methods.
The payment method of cryptocurrency is just one of payment methods. The rapid development of the mobile payment market will provide more application scenarios for cryptocurrencies!
newbie
Activity: 134
Merit: 0
June 16, 2018, 09:37:32 AM
digital money here in our country is also common by using debit or credit card or sometimes through internet or online bank, ofcourse this way of buying or spending money is very convient nowadays, but still not all community is familiar with it, so they still prefer using the paper money.
member
Activity: 266
Merit: 32
June 16, 2018, 09:10:02 AM
The people who are using virtual currencies are continuing to increase. It is really possible that our society will become cashless society in the near future. I know that many more people will attract to virtual currencies like bitcoins.

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"
brand new
Activity: 0
Merit: 0
June 13, 2018, 06:12:45 PM
As for me digital money is the future. But current systems are not sustain digital currency systems. [Suspicious link removed]munity must see in the future blockchain systems which can provide billions transactions like Kelvin Blockchain. Kelvin Blockchain project itself is flexible to implementing cryptographic algorithms which will make it one of the safest blockchains ever existed with 10+ signature available from the start. This project does not rely on any particular signature algorithm and due to the multi-client use - on some single consensus. In case of any problems, it is possible to quickly locate the threat and prevent it’s distribution throughout the system.If you want to understand this issue, then this is a good example of a far-reaching idea.
hero member
Activity: 784
Merit: 500
June 13, 2018, 10:47:21 PM
What digital money brings to society and how people can use this for their own advantages?
Digital money is form of money revolution. I always believe that cashless communities can solve the problems which created by cash money. Inflation is real problem and unfortunately cryptocurrencies cant solve this problem even wth new technology..
full member
Activity: 378
Merit: 100
June 13, 2018, 10:23:20 PM
A society cannot be called completely cashless society even if it is mostly using digital money. We cannot still deny the fact that we need the paper money to regulate the economy of our country and to identify us that the currency we are using is belongs to that society. It is very normal nowadays all over the world to use cashless mode of transactions but it wouldn't determine the society to be as cashless.
member
Activity: 199
Merit: 10
June 13, 2018, 05:24:12 PM
Digital money will not = Cashless Society, because if to count people living on the earth and divide to the people using digital money it is near 0.3-0.2%, maybe in about 20 years it can be.
full member
Activity: 336
Merit: 100
June 12, 2018, 11:52:27 AM
It can be reality in a few years, even faster. to buy something is the market with crypto will be easy than for cash, but this must be all over the world
full member
Activity: 294
Merit: 100
June 11, 2018, 04:18:39 AM
 in America I believe in France, most people are already experiencing that, when you can live your regular daily life without any cash in your wallet
jr. member
Activity: 182
Merit: 4
June 10, 2018, 07:20:05 PM
well for me its not a bad idea to use a digital money.you can buy anything in anyways  because of Digital money even if you have no cash or paper money.but then again not all people wanted to use digital money.
The people who don't want to use digital money are sometimes not privy to information regarding how such systems work. Some may even think it is fraud and their money can get lost on digital systems. It will take sometime to teach people how to use most of these digital systems.
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