Those who lives in a progressive country can attain this cashless society. But there are still third world countries that have areas that doesn't have access to 24 hour electricity. This being said cashless society maybe only be dream for them until they have access to electricity. Here in my country, there are even areas where electricity is rotation, meaning one city have electricity, then another will not have in the next 4 hours.
Topic: Digital Money = Cashless Society - page 26. (Read 4289 times)
Digital money is really taking a revolutionary role in the economy of our nation; as more persons are turning into the cryptocurrency world, especially the youths. The modes of payment mostly are now done via bank transfers and you shop easily with your debit cards too. It has really aided in smooth business transactions in all.
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.
We know what will be the next innovation for us. We can see a lot of new technology, we know what will be in our future. We see a lot of changes in our own technology. For now, we cannot predict the future, but we can see what will be the next technology or what will be better for our own daily living.
I highly doubt that digital currencies will be able to fully replace cash all over the world. They are quite different in terms of functions and operations plus the procedure of getting and installing new equipment for electronic money is way too expensive.
Handling cash is a headache. Currency notes get wet or torn. Coins are heavy and they fall from the pockets. Shops/Store owners have the real problem dealing with 5 to 10 kilos of coins everyday.
I highly doubt that digital currencies will be able to fully replace cash all over the world. They are quite different in terms of functions and operations plus the procedure of getting and installing new equipment for electronic money is way too expensive.
Handling cash is a headache. Currency notes get wet or torn. Coins are heavy and they fall from the pockets. Shops/Store owners have the real problem dealing with 5 to 10 kilos of coins everyday.
To my mind, the process of resigning from cash is happening now and will be finished for the next generation becaus at that point nobody will use cash at all.
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.
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
With digital money, we do not need to use cash as our currency, but we only need to transact via the internet or through a digital money exchange station as the European countries are using them. Multiple machines to deal bitcoin 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 ??
The thought of paying something via technology is really amazing. By just thinking about it I can visualize the less hassle feeling whenever you want to buy things without involving physical money. Digital currency or money is a good thing and invention that ever made because it let you pay wherever you are and does not required a cash that you need to bring. In my country, digital money is use by some but not that super trendy maybe because most of us use cash always.
in my country is a little behind the digital money for some is still something strange that they have not understood especially for those who live in the village but for those who live in the city or the central government they start using digital money as their lifestyle, maybe that's the impact of less uneven development area because in my country there are still many areas left in the mastery of new technology, flat money is still king in my country
A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital information (usually an electronic representation of money) between the transacting parties.
Digital money already exist in terms of using credit card and debit card and also the existing of crypto currency and one main crypto currency use in mode of payment is bitcoin. The thing that we really need to tackle about this thread is by being cashless society of one country in terms of using digital currency and by removing the fiat money in one economy of one country. So I think more and more years the whole world will be use digital currency by the advancement of technology.
It is indeed true that digital money means cashless society and we are soon to be that kind of society because there is a lot of interest from the people all over the world and when the government get interested to the cryptocurrencies also then it will be the best day for us because we will finally use the cryptocurrencies to pay things and to all of the things we want.
To make cashless society is no easy, only educated people can understand this digital currency. We are not only talking here the developed countries. In our country is also common by using debit or credit card but my country not cashless, here use cash also. But here people are not to be educated ,cause my Government banned digital currency.
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 ??
In our country, seems we also have the same situation of using debit and credit card. But not the majority just like China. It is so sad to hear that majority of the population here in our country does not have bank accounts to render using debit and crediy card.
Cryptocurrency, specific in bitcoin aims to transfer or remit money anywhere in the world without any banking institution or third party involvement, this means, it is the start of its purpose. Because we cannot deny the fact that bitcoin and other alternative coins, will be sooner be used for our daily living just like debit and credit cards.
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 ??
In our country, seems we also have the same situation of using debit and credit card. But not the majority just like China. It is so sad to hear that majority of the population here in our country does not have bank accounts to render using debit and crediy card.
Cryptocurrency, specific in bitcoin aims to transfer or remit money anywhere in the world without any banking institution or third party involvement, this means, it is the start of its purpose. Because we cannot deny the fact that bitcoin and other alternative coins, will be sooner be used for our daily living just like debit and credit cards.
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 we're getting ready for a cashless society because all is going to a high technology because we can have payments through electronic payments and soon maybe we can have payments through bitcoin and bitcoin will be our currency to all over the world.
on my country , most of people still use real money / pyshic money , cz here still have many traditional store and they cant give paymment access with debit , just people with mid-high have used that debit card
Digital money can be a solution to avoid bringing cash when shopping and paying different establishments. There are countries now who are merely in the stage of cashless society. And I think that can reduce criminality (robbery) at the same time it is more convenient for us to do transactions.
If we were talking about cryptocurrencies, this could be a small problem. People would have to store BTC on their smartphones which could be stolen by thieves on the street. It's too difficult to solve this problem easily. There are so many things which affect it that it's impossible to solve it with only one small change.
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