Yes, indeed. We at developing countries are already almost cashless society, we pay all things with cards and smartphones after all.
Many people are much comfortable in being cash less than using cash because it is more convenient that they don't have to fall in line just to buy the things that they want and to pay bills though online. Cashless society makes transactions more faster or do not take a lot of time, but there are still people who are still more comfortable in using cash because they do not trust cashless and thinking that they might be hack. 
Topic: Digital Money = Cashless Society - page 37. (Read 4311 times)
Yes, indeed. We at developing countries are already almost cashless society, we pay all things with cards and smartphones after all.
Today $90 was transfered to my bank account in 1 minute after I made the withdrawal. I am working for an American company as a online worker (data checking, data entry, audio and video checking etc..). I am in Asia.
It must be acknowledged that the current economic problems are getting more complicated, the progress in the financial system seems to have not been able to help the poor, let alone the trend of digital money usage so it is feared to create new problems.
SamsungPay, AmazonPay, ApplePay, WeChat payments in China. Paypal got removed by Ebay.
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 ??
Bitcoin may be broadly considered part of digital money. However, it is a world different from the digital money that you mentioned in that they are not cryptocurrencies. When you mentioned debit cards, paypal, alipay, bankwire transfers, online payments, etc, you were basically referring to fiat money. Fiat money developed into a cashless form of money with these methods but then they are still fiat money and are still very well under the sanction of the banks.
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 energy. To me, digital transaction has been good. Do you enjoy using it?
The development of cash society has reached its peak. With the surge of electronic money and digital money, cash flow has come to an end, including the circulation of paper money and metal COINS. Every people especially in northern Europe and China electronic currency, digital currency, Internet finance, science and technology in the developed countries, such as financial region of the people will obviously feel less cash in the pocket, function more and more small, use frequency more and more low.
I will always be an advocate of Digital Money for a Cashless Society. It's basically a less stressful and efficient means of transactions. The world is rapidly growing towards the use of digital money. many countries around the world has come to accept the digital money revoluion lke China, Sweden, UK, France, Russia etc
Yes, I believe that we will face the fully cashless society already in the next 5-7 years worldwide! Because cash is already too old system.
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 ??
Many people are now good in paying their bills and buying things through online because it is much easier and more faster that you do not need to make a line to this things. That is why i think that bitcoin has a potential to be used by many people because it is also a digital money that can be also used to pay through 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 for a third world country like our country. Digital money and cashless society. Will not be fair to everybody. Because of high number of poor people. Not everybody can use digital money.
Yes, a digital money will drives to be a cashless society like buying goods that using electronics money such as debit card, credit card and other card that use to purchase and its only a swipe in transaction by the use of card, I think our future will be going to that as the world is keep advancing its technology.
Well, in my country digital currency or crypto currency cannot be used as a means of payment for goods and services and the only way out for us to make use of our money earn through crypto currency is to convert it to our local currency and we do the convertion by selling our crypto currency for our local currency via local Bitcoin exchange or Remitano.
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 ??
Well here no one is even interested that much in having digital money.
They are just ignoring the fact of digital money but what I believe is that it will be slowly slowly implemented in countries soon and will end te FIAT.
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 ??
Equally stated, digital money = cashless society. As we are now in the present, digital world invades us, drastically. No cash? no worries. We pay bills, have our remittance, earn money in a digital way. This is how digits turn the world upside down.
Now after the inception of bitcoins back in 2009 the world is moving to digitalized world as bitcoins makes all the payment of products and services online and digitally making the transactions secure and safer. Digital currency helps to improve the living standard of the users as well as the economic standard of the world as it helps in uplifting the economic conditions of the world. Digital currency helps to act as a bridge between different countries by connecting all the countries through the bitcoin network.
Nobody needs Bitcoin to have a digital economy with digital cash. Cash and digital cash are fungible and completely interchangeable already. You swap one for the other every time you interact with an ATM, either putting money in or taking it out. Cash and digital cash don't compete with each other, they function interchangeably. There's nothing really to back up transactions being safer on the Bitcoin network compared to the MasterCard network (for example). The only real difference is that Bitcoin transactions can't really be reversed by one party, which is a significantly overvalued attribute considering the number of transactions this would be a benefit to is immeasurable compared to the number of transactions effected without controversy.
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. 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.
I think for a third world country like our country. Digital money and cashless society. Will not be fair to everybody. Because of high number of poor people. Not everybody can use digital money.
Many leading countries are in this near cashless society already. Most people I know when they go out end up sending each other money on the cash app (which now allows you to buy btc on...) or venmo to split the tab. Currently, I've been watching this project that is pre-ico this month and they are aiming to bring the masses into crypto with their arbitrage exchange. What do you think? https://bitcointalksearch.org/topic/ann-meet-the-people-making-crypto-mainstream-3085831
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.
Jump to: