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.
Topic: Digital Money = Cashless Society - page 39. (Read 4311 times)
Digital money evolved to make the transactions easier with a perfect database that can be retrieved whenever required, with an universal accessibility. This makes the system more efficient than the traditional system, but the risk associated with it is much high. When years pass people start to accept as they got adopted to card usage from the currency usage.
Digital money is an easy and seamless way to do transactions. Wonder how far the governments will regulate it 
That digital money is best choice for now to pay for goods online, bitcoin is appearing as best source of income at the same time way of payment, a lot of countries has announced bitcoin as legal currency and I want to see our society as cashless society because digital currency is the best source of payment for everything that today we pay with cash. It’s safer, easier, and reliable way to pay for goods we need in life.
If we join bitcoin and othet cryptocurrency in the gigital world , then we can feel that in bitcoin your money is put in the digital way because you can feel ,your money and at the same time when you make payments and transactions to establishments you do not have to bring cash within your pocket, and this would turn out to be a cashless society.
I once wanted to pay with paper money in a barber shop, and they just couldn't provide me the change because almost no customer uses cash to pay, and thus they had not much in their cash desk.
You just told everybody here about the best advantage of digital money or cashless society, that is "no headache of change"
They think so but in the case of others it is an advantages for them because they can see a cashless society. We all know to have a money is the easy way to go to transactions. But to have a digital money is the easiest way than the other. Not a headache but can totally change a life style of a human being. We must be thankful that their is bitcoin that helps us to be stable in life.
That is true since we know that digital money/currency is in binary form, so we don't need the tangible ones to pay our everyday needs. But since bitcoin and alternate cryptos have the same weakness during offline, it's really hindering its purpose to have a cashless society that will be working good.
I am already do not use cash in my daily life, at least I am using minimum cash due to credit card.
crypto currencies are the digital money and bitcoin is the king in the digital world which makes the transactions all over the world very easy with low transaction charges by a simple click and internet connection with a sender and receiver wallets for the transaction to take place. Identity theft and criminal activities like pick pocketing can be avoided by the extent of bitcoins and block chain technology. The wider adoption and acceptance of bitcoins and digital money makes travelling easy as there is need to worry of changing currencies to the visiting fiat currency as bitcoins can be used in the country. Digital currencies can help build a better society and good country by stopping corruption and manipulation of banks through the bitcoin and block chain technology as there is clarity, security in each and every bitcoin transactions all over the world.
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 ??
Digital money is already being used in our country. It provides us easier transactions and it is also more convenient for us to use. However, there are still lots of people who don't have enough idea about crypto so it will still take to long to have it as our currency here.
Yes you are right there, because if we plan to pursue digital money people will tend to use their digital wallets, more like a blockchain thing since people would grasp onto their e-wallets, one great thing here is that people will be instantly buying all the things they need, one disadvantage here is that we are prone of getting robbed bt hackers, wishing in the future that security will be tight in order for our safety.
Having Digital money and a cashless society has both disadvantages. When it comes to digital money there are hackers that we still need to take care of. In a cashless society we will have a hard time to manage our wealth because we still need digital or technology or a gadget to monitor our money
In the next few decades, there will be more people using digital money. In fact, many big cities in China have already realized a cash free society. You only need a smartphone to open your mobile APP and be free to pay, which is very convenient.
yes you are right now some countries have reduced the use of paper money so that digital currency like bitcoin in the future is very important and very useful not only that digital currency like bitcoin this can affect economic conditions in this world.
Yeah digital money is very popular nowadays but before we come to that cashless society, We need first to have a good internet connection all over the world. Because it is needed to verify first before we can make a transaction. Second is the assurance that there will no be power interruptions. Since all digital currency needs electricity to exist. Internet security also is needed to avoid hackers and scammers. We need to tackle some issues first before we achieve a cashless society. But one thing is for sure we will have both cash and digital currency in our world that will make it still go around.
Considering the fact that using digital currency as the main currency for paying goods and services, then that's what already we call as cashless society. But what's disrupting it to make it to reality is the drawback that these digital money has. How can we ever pay our the food that we eat in the restaurant if the establishment went offline before you ever asked for the bill?
Digital money is an easy and seamless way to do transactions. Wonder how far the governments will regulate it
In cashless society, US Dollar, Euro, UK Pound, Chinese Yuan, Japanese Yen etc.. are digital money/numbers.
Digital money is an easy and seamless way to do transactions. Wonder how far the governments will regulate it
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 ??
Digital currency is just the same as credit cards however, there are still countries who cannot handle the growth of cryptocurrency like there are more investors of bitcoins more than placing their money on banks and with that cause, the funds of government are slowing down.
I think I should get "merits" for this thread. Click on the top right side "+ merits"
It has long been time to go to this, on the street is already the 21st century, the era of digital technology, fiat money has long been time to replace the non-cash 
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.
I agree. The fact that digital money is becoming more and more popular does not mean that ordinary cash will simply disappear. In some situations, we prefer to use cash. I think that these are different types of money, and therefore the digital money will not be able to completely replace the cash.
Jump to: