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Topic: Digital Money = Cashless Society - page 38. (Read 4311 times)

full member
Activity: 257
Merit: 100
May 13, 2018, 07:34:00 AM
We can't actually say that digital money will be leading to cashless society well for me it is just the help of the technology to fasten the transactions of payments and to fasten the work of people less hassle. Cashless is very hard to achieve there are so many problem i  guess.
member
Activity: 72
Merit: 41
May 13, 2018, 06:43:47 AM
I do not think that digital money will completely replace cash. Of course, digital money is becoming more and more popular. But there will always be people who will use ordinary money. In some situations, this is much more convenient. It seems to me that a cashless society is a utopia.
full member
Activity: 392
Merit: 100
May 13, 2018, 06:15:13 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 ??

I am waiting for that thing to happen and I am one of the person who will fully support that system change and I am sure that the society will be much more convenient with that thing happening and the raw materials.will be much be saved than ever there are a lot more things to make with that materials rather than to use to make some cash. And time having a global transactions will be very convenient if that happen because with a single tap you can send money all around the world in an instant
member
Activity: 350
Merit: 10
May 13, 2018, 06:03:00 AM
I personally only for the replacement of cash digital, for example, I use the whole only in those places where it is impossible to pay by bank card. Why do I need fiat money?
sr. member
Activity: 434
Merit: 250
Free Crypto in Stake.com Telegram t.me/StakeCasino
May 12, 2018, 06:35:29 PM
in my country the use of new non-cash transactions is starting to take place because there are still many things to be prepared to get there, from the posotive side I agree with it, because it will be more efficient and reduce the state budget to make money, there is only the transfer of numbers from one account to another and it is more environmentally friendly because it does not use money printing materials such as trees and metals
Same as my country, people buy some sort of monetary tokens and then use it make purchases by using it on their phone and it has really picked up steam if more companies those kind of services. If more and more people accept this as a means of payment, then we are gradually make the society cashless.
I agree however there is still lot to consider if the country wanted a full cash less payment number one is the internet , internet is a prerequisite if they wanted a fully digital payment , sad to say here in our country internet services in not yet fully implemented there is still wide number of location who dont have access to this. Digital payment in our country is okay and you could but lot of stuffs using digital money however what I am trying to say is it is limited and there still more work to be done if they want a cashless society.
sr. member
Activity: 868
Merit: 266
May 12, 2018, 06:17:10 PM
in my country the use of new non-cash transactions is starting to take place because there are still many things to be prepared to get there, from the posotive side I agree with it, because it will be more efficient and reduce the state budget to make money, there is only the transfer of numbers from one account to another and it is more environmentally friendly because it does not use money printing materials such as trees and metals
Same as my country, people buy some sort of monetary tokens and then use it make purchases by using it on their phone and it has really picked up steam if more companies those kind of services. If more and more people accept this as a means of payment, then we are gradually make the society cashless.
full member
Activity: 644
Merit: 100
May 12, 2018, 06:11:46 PM
in my country the use of new non-cash transactions is starting to take place because there are still many things to be prepared to get there, from the posotive side I agree with it, because it will be more efficient and reduce the state budget to make money, there is only the transfer of numbers from one account to another and it is more environmentally friendly because it does not use money printing materials such as trees and metals
full member
Activity: 236
Merit: 100
Presale is live!
May 12, 2018, 02:11:49 PM
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.
member
Activity: 226
Merit: 10
May 12, 2018, 12:54:24 PM
I have few creditcards and my costumers are paying sometimes me for my service on them...I pay others things - cash not involved too
full member
Activity: 336
Merit: 154
May 10, 2018, 10:18:12 PM
New center of globalization China. If technology is improving and progressing, it must be a reason. Why use a primitive tool like paper money in such a society? Everything is sequentially digitized. It's in a cashless society.
member
Activity: 266
Merit: 32
May 10, 2018, 08:31:34 PM
"I'm sure that in 20 years there will either be very large transaction volume or no volume -- Satoshi Nakamoto (Bitcoin inventor/founder)

As per satoshi, it will take 10 years more to know the fate of Bitcoin. By that time all the countries will be cashless society (use of debit cards and credit cards and bank-wire transfers).

Bitcoin will be far behind in digital payments.
member
Activity: 315
Merit: 15
May 10, 2018, 12:50:28 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 ??
Here in our country, bitcoin is currently the most used digital currency but some other digital currency is being raised like Gcash which is under a certain mobile network in the country. I see it is a threat to bitcoin knowing that Gcash is legal within the country while bitcoin is not yet. We should still believe thay bitcoin will stay on the top and get used by the most of the citizens within a certain country.
member
Activity: 515
Merit: 12
May 10, 2018, 12:47:37 PM
In my country the digital money are almost in-existent, they are not so popular, there are a lot of people who simply likes to count their money with their fingers. a cashless society is a clean society with cheap money and with low risk to get mugged.
full member
Activity: 528
Merit: 100
May 10, 2018, 11:40:52 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 ??
Our society is becoming cashless society because many people are continuing to adapt virtual currencies. I am sure that bitcoin will have a great role to change our current economic system.
member
Activity: 266
Merit: 32
May 10, 2018, 11:35:21 AM
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.

Cashless society is possible only when everybody in the country has a bank account.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
May 10, 2018, 08:32:47 AM
online shopping is already running in different countries, there is the possibility of all digital payments,
sometimes paper money will be replaced with digital money.

Well its happening already for several years starting from digital money like in the case if credit cards and the like.With the discovery of blockchain technology ,transaction becomes decetralized  and transaparent. Cryptocurrency helps a lot the in virtual currency to a new level.

Yeah that's right we're slowly getting there now. The companies and establishements that accept bitcoin, ether and other crypto coins are growing along with person to person transactions so we may be seeing a glimpse of how the future would be
sr. member
Activity: 496
Merit: 254
May 09, 2018, 06:16:25 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 ??

China is aware in bitcoin rather than other country. Well,the government is favor in using digital money, I think its because of the innovation in the technology they allowed their citizen to give it a try the crypto.
China has a big and strong economy and they plan for the future. That’s why they make big decisions about bitcoin and other cryptocurrency. They are using cards for purchasing and paying their bills. Almost all countries are doing the same. Our money is taken by the banks and now many people do not have cash money in his pocket. He uses his credit and debit cards.
hero member
Activity: 1414
Merit: 505
Backed.Finance
May 09, 2018, 01:06:43 AM
online shopping is already running in different countries, there is the possibility of all digital payments,
sometimes paper money will be replaced with digital money.

Well its happening already for several years starting from digital money like in the case if credit cards and the like.With the discovery of blockchain technology ,transaction becomes decetralized  and transaparent. Cryptocurrency helps a lot the in virtual currency to a new level.
member
Activity: 294
Merit: 11
May 09, 2018, 12:32:57 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 ??

Cash less is good so that our money are safe from bad people but of course we still need physical cash if in case the systems are down and stores that don't have the machine for credit or debit card and I think to applies to retailers.

Moreover, Bitcoin can be used in our country to pay monthly bills thru online such as water, electricty, insurance, telephone and many more that has no hassle and worry free. Most specially, Bitcoin is good to use for trading in digital currency so that we can earn income for as long as the price is inreasing.
newbie
Activity: 154
Merit: 0
May 08, 2018, 07:56:30 PM
f the society does not use cash it will be difficult for the elderly or the backward farmers because they will not know how to use the card, digital currency can use cash by converting ey. Paper will have many ways of converting digital money into paper money for cash
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