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Topic: Digital Money = Cashless Society - page 31. (Read 4311 times)

full member
Activity: 798
Merit: 100
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May 27, 2018, 10:09:32 AM
Along with the development of technology now a lot of innovations appear to facilitate the business in terms of finance so nowadays it seems the use of digital money is increasingly used in various sectors because it is faster and easier to use so it can support online business.
Cash payments begin to be left to be replaced with easy digital payments
newbie
Activity: 50
Merit: 0
May 27, 2018, 10:04:31 AM
Yes i think in my country was occured the same way that online shopping is now more excited beacuse there are many discount and simple to get things no need to give the seller real paper money. But in a few things there are still some offline store that couldn't accepet digital money payment.
full member
Activity: 630
Merit: 103
May 27, 2018, 10:03:52 AM
Having a cashless society would be very hard in our country. Our country is slowly developing to adapt in modern technologies and not everyone is knowledgeable about Cryptocurrencies, Digital Money or even Technology. They do not know Blockchain technology and only a few have interest in this kind of technology. I guess Bitcoin played a big role to introduce Cryptocurrency because it is a way to earn more allowance or even cash.
newbie
Activity: 142
Merit: 0
May 27, 2018, 09:59:52 AM
In my country there is the same in some way like online shopping, offline store that receive a debit or credit card payment, I get the things I want without giving the seller the paper money, I think it is same.
member
Activity: 210
Merit: 10
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May 27, 2018, 09:36:00 AM
Bitcoin by payment method exactly gives out what you have described. It seems to me that this development by inclined layers is very simple and convenient to use. The only thing they have, different, it gives that bitcoin to visit depends on the gold reserve.
full member
Activity: 401
Merit: 100
May 27, 2018, 09:22:44 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 ??


Digital cash doesn't mean cashless society but a eassier transaction for currencies circulating an institution. It will just be a great help and not a treat for the extinction of fiat money
newbie
Activity: 126
Merit: 0
May 27, 2018, 08:27:31 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 ??
Digital money will mean a cashless society if we only want to cash in. We can also convert our digital money into cash and we can use cash as we do. have used or designed modern digital currency trading machine.
sr. member
Activity: 704
Merit: 270
May 27, 2018, 07:18:39 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 ??

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.
member
Activity: 185
Merit: 10
May 27, 2018, 05:18:44 AM
I think digital money for example in the United States is more frequent but in my country and most people use cash. Of course there is digital money and some do use it but I would say in countries like mine cash is more frequent
full member
Activity: 378
Merit: 100
May 27, 2018, 03:59:31 AM
In my state, its almost same as China but there are still many offline stores that collects cash from their customers. Here, there are many people who stops or opt-out from using the credit cards because according to them, it makes them spend more. You don't blame them though, everyone have their preference. I don't think the world may adapt or become a cashless society.

Yes I agree with this statement. Fiat money have been part of everyone's lives for so many years. I do not think it would be possible to fully label our society as "Cashless Society".
member
Activity: 294
Merit: 10
May 26, 2018, 03:14:57 PM
I don't know for sure whether this formula is the correct one. As for me, the presence of digital currency provides us with many opportunities to earn money. As for me, it is the best innovation of the modern times
newbie
Activity: 294
Merit: 0
May 26, 2018, 01:50:12 PM
Most of the time, people sit back to think of what means of transaction they should comply in terms of safety and security. Many people become very busy with work activities and find a little time in paying for bills and other things. Just last year, a friend of mine paid his bills of $30 using this digital transaction. After payment, he continued with the other task he was to accomplish hence helping to save time and ene
member
Activity: 336
Merit: 10
May 26, 2018, 01:40:44 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
hero member
Activity: 1134
Merit: 500
May 26, 2018, 09:38:06 AM
It is time to accept that in modern days there is no place for the chests full of money so obviously the only solution is digital money, easy to use and to trace.
newbie
Activity: 138
Merit: 0
May 26, 2018, 09:34:25 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 ??
...Cashless society have experienced the advantage of digital money or the electronic form of money as for online payment transactions. They realized that by using it it has a good impact for the users. Actually, my country started to adopt the cashless mode of payments.
newbie
Activity: 182
Merit: 0
May 26, 2018, 09:07:59 AM
I really believe that cryptocurrency is the future but right now, digital money isn't really taking over the whole world and I guess it is still a long process to have a cashless society because of cryptocurrency. It is not easy just to just wipe out all the cash in the society just because there is "Digital Money" trend. I think not every single person in the world will adapt digital money since there are still many people who doesn't support change in the world.
sr. member
Activity: 896
Merit: 268
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May 26, 2018, 08:42:30 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 ??
Here in the Philippines has not totally adopt a cashless by using debit and credit card or any digital currency because there's a lot of people are fear to use this kind of technology but if they have a proper knowledge to use this kind of things for sure they will see the big benefits by using it.
Though a lot of cards such as debit and credit card, digital currencies and transactions working online provided by the present technologies fiat money have been part and is part up to now. I do not think our society would be fully label as cash less society.
full member
Activity: 420
Merit: 100
May 26, 2018, 07:57:04 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 ??
Here in the Philippines has not totally adopt a cashless by using debit and credit card or any digital currency because there's a lot of people are fear to use this kind of technology but if they have a proper knowledge to use this kind of things for sure they will see the big benefits by using it.
member
Activity: 266
Merit: 32
May 26, 2018, 06:32:27 AM
It would certainly help to reduce counterfeit fraud but cash is always needed for local markets and unconnected places in the country. If there is a massive nationwide wifi service that can connect everyone then it is possible to go cashless, but it would require a lot of user training and many will resist

You just need a debit or credit card and a bank account and Global positioning system (GPS) is the worldwide WiFi
full member
Activity: 434
Merit: 102
May 26, 2018, 06:30:53 AM
Authorities around the world specially in Asia recognizing Bitcoin and expecting to finalized this year, they have attempted to rein in the global boom in trading Bitcoin and other cryptocurrency a form of digital money created and maintained by it's users. In China they start to banned initial coin offering and shut down local trading platforms, while the South Korea where speculation on cryptocurrencies is also life is working on plans to ban virtual coin exchange.
If gold can replace barter system and paper money can then replace gold, it is not impossible for crypto currencies to become the new medium of exchange. With the changing times, everything evolves. Nothing can remain same forever. Digital currencies are fast, secure, anonymous, easy to carry and more profitable due to which the number of people interested in here is increasing gradually. It won’t take long before crypt coins mainstream.
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