Digital Money = Cashless Society - page 43.

First77

member

Activity: 266

Merit: 32

Quote from: BitcoinMarketer39 on April 24, 2018, 04:12:25 PM

Cashless society is really a good idea but the only problem is the countries that is not capable of handling a huge number because not every country is rich enough to have bitcoins running in their area.

It is said China is a cashless society and there is very little bitcoin in China. Debit cards and credit cards can make a country cashless society

exalterego

newbie

Activity: 99

Merit: 0

Electronic money are now in all more or less wealthy countries with a steady banking system.
I can remember those days when I didn't even have a credit card, and now these PIN-pads are everywhere, and I can buy, say, a high-end vehicle without even leaving my home.
Ha-ha, I'm waiting for those days when bitcoin's behaviour on the market normalizes and I will be able to buy a bottle of beer using BTC Roll Eyes

renggileh

newbie

Activity: 280

Merit: 0

although the existence of digital money today is a necessity for transactions or other activities but that will not completely eliminate fiat money in general. because I think there are many things to do in cash means that not everyone understands a transaction activity that is only done with digital money, especially in countries that do not have high economic expectations. I think people in poor countries may not accept the existence of digital money as a means of payment because of the lack of knowledge about digital money. I think to eliminate the culture by using cash this of course requires a process that is not easy.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: inanilujimi on April 24, 2018, 08:47:35 PM

Quote from: Hazaki on April 24, 2018, 05:24:46 PM

Quote from: First77 on March 25, 2018, 11:27:41 AM

Bitcoin is a part of digital money. How is digital money is your country ??

Digital money in my country ain't deployed at all unfortunately , and until these past couple years , citizens here didn't have the right to own any foreign currencies or the right to process a digital card (visa/master card .. ) or an E-money account (Paypal/skryll .. ) .
And even now that we do it's only limited to 1k euros / year , which is really nothing at all .
And we still don't have access to Paypal also , the other day i was deploying the Paypal API for my University web site project , and when i wanted to process payment with a Paypal account created in my country , payments couldn't be processed and automatically rejected ..
As for bitcoin ,roughly 5% of my country's citizens know about it , and even those who does have a very vague understanding and knowledge about what is it or what technology is backing it up ..
And this is certainly the case of any developing country ..

not all developing countries as you mentioned above.
my country uses digital money for various transactions such as buying an item in a shopping center.
which is a problem they just do not receive payment with bitcoin but with other digital money they can accept it. it is caused because the value of bitcoin price is very unstable different from other digital money that exist in my country.
but I hope one day bitcoin will be received just like any other digital money.

Agree. Most of the online stores are still didnt implement bitcoin to a part of their service because they only think about the volatility of it. However not all cryptos are volatile because there were also other coins that may seem stable, like for example etherium and other alts such as litecoin or dash. if these merchants do only use these coins, i think itll be no problem for them and for us to adjust for the price. but in terms of bitcoin in my country , there were now many shops and stores that accepts bitcoin here in our country but of course cash is still the most mainstream currency that oftenly been used here.

inanilujimi

sr. member

Activity: 1876

Merit: 259

Quote from: Hazaki on April 24, 2018, 05:24:46 PM

Quote from: First77 on March 25, 2018, 11:27:41 AM

Bitcoin is a part of digital money. How is digital money is your country ??

Digital money in my country ain't deployed at all unfortunately , and until these past couple years , citizens here didn't have the right to own any foreign currencies or the right to process a digital card (visa/master card .. ) or an E-money account (Paypal/skryll .. ) .
And even now that we do it's only limited to 1k euros / year , which is really nothing at all .
And we still don't have access to Paypal also , the other day i was deploying the Paypal API for my University web site project , and when i wanted to process payment with a Paypal account created in my country , payments couldn't be processed and automatically rejected ..
As for bitcoin ,roughly 5% of my country's citizens know about it , and even those who does have a very vague understanding and knowledge about what is it or what technology is backing it up ..
And this is certainly the case of any developing country ..

not all developing countries as you mentioned above.
my country uses digital money for various transactions such as buying an item in a shopping center.
which is a problem they just do not receive payment with bitcoin but with other digital money they can accept it. it is caused because the value of bitcoin price is very unstable different from other digital money that exist in my country.
but I hope one day bitcoin will be received just like any other digital money.

sampalokmix

full member

Activity: 315

Merit: 100

Investing in the future development of blockchain

Quote from: Dragon5 on March 25, 2018, 01:19:08 PM

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

I guess that country really evolve in short period of time when it comes to currency, maybe mosy of the people their was middle class up to higher class in which they are all capable to acqyire cashless society and I highly believe that they were all aware with Bitcoin and how this currency can possibly change the world, I think thats great but how about to the place where in most of the people was less fortunate? Do cashless society will be applied and succeed? Of course no.

Hazaki

full member

Activity: 406

Merit: 156

Quote from: First77 on March 25, 2018, 11:27:41 AM

Bitcoin is a part of digital money. How is digital money is your country ??

Digital money in my country ain't deployed at all unfortunately , and until these past couple years , citizens here didn't have the right to own any foreign currencies or the right to process a digital card (visa/master card .. ) or an E-money account (Paypal/skryll .. ) .
And even now that we do it's only limited to 1k euros / year , which is really nothing at all .
And we still don't have access to Paypal also , the other day i was deploying the Paypal API for my University web site project , and when i wanted to process payment with a Paypal account created in my country , payments couldn't be processed and automatically rejected ..
As for bitcoin ,roughly 5% of my country's citizens know about it , and even those who does have a very vague understanding and knowledge about what is it or what technology is backing it up ..
And this is certainly the case of any developing country ..

BitcoinMarketer39

full member

Activity: 392

Merit: 100

ADABsSsSsSsSSSsS

Quote from: First77 on March 25, 2018, 11:27:41 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 is really a good idea but the only problem is the countries that is not capable of handling a huge number because not every country is rich enough to have bitcoins running in their area.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: Daimon88 on April 18, 2018, 05:40:45 AM

I think paper money will never come to an end, and if so it will take a long time because many people do not trust in digital currency. The reason is that it is not safe. I mean that one has no control over his digital wallet. If tomorrow the internet stop to any reason all the wallet will be closed and then nobody can claim his money. That’s why most people do not want to invest in digital currency.

It depends, in some countries people almost have gotten rid of their cash and they use mostly digital currencies, but there are some other countries in which cash is still used widely as a form of exchanging value, even if I like bitcoin and I think it brings a lot of advantages I still do not like the idea of having a world that only works with cryptocurrencies, that is why I also like some traditional currencies like gold and silver, but I do not like fiat at all because it is a way to deceive people and steal wealth from them without them realizing it.

sheldonnnn

sr. member

Activity: 420

Merit: 266

I do not think that digital money can replace ordinary fiat and cash. They simply have different functions. I do not think that the cash will ever disappear completely. I also do not think that there will ever be a completely cashless society. We can only use cash less.

sakokinak

full member

Activity: 518

Merit: 101

Quote from: First77 on March 25, 2018, 11:27:41 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 ??

Even if the society will start using cryptocurrency more often, it will never get rid of cash and fiat money. There are too many small merchants and private sellers that use the only paper money, and elderly people also do not understand crypto.

mintevacuateT

newbie

Activity: 12

Merit: 0

Think once if we do so, we need enormous planning, its not matter of then and there. it needs huge far vision and legal acts

thrushzodiac8

newbie

Activity: 58

Merit: 0

Remember a thing, humans make techs and so they may have fault. depending much on those may cause you to compensate the loss

darewaller

hero member

Activity: 2926

Merit: 640

Quote from: nightfury on April 21, 2018, 05:02:49 PM

That is very possible in the future if only those countries who are not banning the cryptocurencies will perhaps and finally embrace the technology for good. Only then we can see not only a cashless society but a cashless world.

An innovative society will be a seed of change for rest of the world. Even crypto banned country people also may make cashless society when they do prefer P2P mode of transactions. This would will definitely adopt cryptos as there is no other better technology is avaible to them as of now.

Quote from: ToddDiaz on April 17, 2018, 03:25:29 PM

Bitcoin is pushing us further into a cashless society and it will not be much longer until people are no longer using cash and everything is being done and paid for electronically.

I like the word pushing us further. It is not like the cashless society is not already in place in most countries, and it is apparent that you can easily make transactions locally without having to carry cash around these days. The ushering in of the digital currencies will even make this faster as we get to see more people adopting digital currencies as it helps in making transactions easily, not just locally but globally without stress.

Quote from: ToddDiaz on April 17, 2018, 03:25:29 PM

A cashless society is inevitable and the days of fiat are numbered.

World always move toward betterment the progress may be slow but it will happen for sure. Fiats may exist in a cashless society but as a collectible:P

nightfury

full member

Activity: 392

Merit: 100

That is very possible in the future if only those countries who are not banning the cryptocurencies will perhaps and finally embrace the technology for good. Only then we can see not only a cashless society but a cashless world.

Topaz72

member

Activity: 322

Merit: 10

Quote from: Rizky Aditya on April 19, 2018, 01:32:01 AM

Quote from: Sadlife on April 17, 2018, 08:43:25 PM

Our country isn't ready for a cashless society because there are still many people who suffers poverty who can't afford internet and device or gadgets that can access the internet. Instead they buy it for they're daily necessities like food, clothing and bills.

The same case is in my country because there are no credit cards with all the people, because the banks do not issue credit cards to its holders. They can only issue debit cards. The other reason is that many people still do not know what is bitcoin and digital currency and that’s why they don’t invest their money in cryptocurrency. It will take more time to enjoy cashless society.

Well I don’t think there is any country who is not aware of bitcoin as I know bitcoin is very famous and well developed currency now and almost every country is supposed to legalize it some have done this job and some are waiting for this technology to be improves a little more in their place, I want to see bitcoin as currency of the country and I want to use bitcoin instead of cash because I can see bitcoin is easy to sue and bitcoin has more profit than the cash, I really wane breath in a cashless society.

Brangos99

member

Activity: 186

Merit: 10

I think people without money are good, but it will never happen in my country, in my country prefer to use cash instead of digital money. In my country few know about digital money, let alone government in my country prohibit the use of digital money as a legitimate payment transaction, so digital currency in my country can only be used by people who only know about digital money.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Having a cashless society i think it would really help the people for my opinion though , it will reduce not just corruption but the hassle , and it would be easier , and also sooner or later this would happen on the near future. As you can see now its just only the beginning. And well the purpose or one of the concept of bitcoin is this to be a cashless society , digital money.

LastJedi

full member

Activity: 182

Merit: 122

China is a cashless society yet because of them being able to move money in this way of not having a trace of where the money is coming from. They were able to put money from the illicit drug trafficking trade into other things like overseas property, casinos and shell corporations to hide where these funds actually came from.
Then the collaboration from the government and the law enforcement agency combined and Fintrac was born.
To combat against money laundering in this cashless society. Embarrassed

Bitcoin2009

member

Activity: 1050

Merit: 10

This is a phenomenon that can not be abandoned, when everyone is very enthusiastic and get a lot of profit it is still a lot of people who are difficult to earn income, this is certainly because of education because they do not understand with the internet.

Topic: Digital Money = Cashless Society - page 43. (Read 4311 times)