Digital Money = Cashless Society - page 50.

pecson134

sr. member

Activity: 630

Merit: 250

★Bitvest.io★ Play Plinko or Invest!

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 ??

Efficiency and faster transaction wise, these kind of payment method would be the best choice. But this can't be adopted by all establishment yet especially on third world country just like mine since there are still stores that only accepts cash/money when paying on their goods which is possibly the small franchises. Probably in the coming future if advancement also affects the smaller establishment then this would be a really great option when paying.

Bitcoinjheta

full member

Activity: 798

Merit: 104

Quote from: omonuyak on March 28, 2018, 01:52:21 AM

Digital money is really established it foots on the economic of my country and many financial activities has gone to online. Bitcoin has the best potential to represent cashless society because it is peer to peer and was decentralized. We should have to move our financial transactions to online in other to benefits from technological development.

Digital transactions are very common nowadays due to the innovations in technology. Bitcoin for example is now very famous worldwide in fact many are getting crazy over it here in our country. Its financial benefits are impressively huge that many opt to drop their regular job.However, inspite of these benefits it is still too hard to implement a cashless society since our economy depends on physical money and other cash equivalents.

omonuyak

sr. member

Activity: 882

Merit: 269

Digital money is really established it foots on the economic of my country and many financial activities has gone to online. Bitcoin has the best potential to represent cashless society because it is peer to peer and was decentralized. We should have to move our financial transactions to online in other to benefits from technological development.

Intersan

hero member

Activity: 641

Merit: 505

Quote from: hisuka on March 27, 2018, 08:27:35 PM

Quote from: Lexurdania on March 27, 2018, 07:29:25 PM

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 ??

Its now become more popular using digital money in many country. Its because the advance of technology. In my country, not many people using digital money, and digital money not in many merchant but I am believe in the future, its will be standart for payment

Glad to hear this kind of situation in other country a cashless society. Here in my country digital currency is started to be well known. But, not in the sense to be adopted by all to use as payment in the store. Our Government has no plans to adopt this digital currency because people still prefer the onhand or paper money. As this paper money is still very vital in the economy and to all citizens.

Just like in your country, bitcoin is becoming more popular in mine. People are getting interested because of the huge income that we can get from it. People Like to adapt the change but not the government, they think that it is harmful to the economy. Banks are getring worried that they will be of no use if digital currencies continue to dominate. Fiats are still widely used in paying for daily expenses and because people are used to that, it will be hard to implement bitcoin payment in exchange for that.

congresowoman

full member

Activity: 448

Merit: 103

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 ??

it is slowly becoming acceptable in our country. With the current trends in digital money. More and more commercial establishments are now adapting these kind of digital technology, big corporations like big malls here accepts cashless transactions via an app that releases digital money.

hisuka

sr. member

Activity: 882

Merit: 251

Quote from: Lexurdania on March 27, 2018, 07:29:25 PM

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 ??

Its now become more popular using digital money in many country. Its because the advance of technology. In my country, not many people using digital money, and digital money not in many merchant but I am believe in the future, its will be standart for payment

Glad to hear this kind of situation in other country a cashless society. Here in my country digital currency is started to be well known. But, not in the sense to be adopted by all to use as payment in the store. Our Government has no plans to adopt this digital currency because people still prefer the onhand or paper money. As this paper money is still very vital in the economy and to all citizens.

Lexurdania

member

Activity: 840

Merit: 10

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 ??

Its now become more popular using digital money in many country. Its because the advance of technology. In my country, not many people using digital money, and digital money not in many merchant but I am believe in the future, its will be standart for payment

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

In my country most people still pay with cash for their daily payments and only a few of them are using credit/debit cards but in last years I saw that more and more people are starting to use credit cards so we are obviously progressing. Credit cards are not heavily promoted on thethe internet and on TV and in short time we are not going to use cash anymore because it is a lot easier to just carry a card in your pocket and use it to pay for absolutely everything you want. I dont know what to say about bitcoin in this equation because thing are a bit complicated here. People are using credit card because they are very easy to use but why would they use bitcoin instead of normal money since you still get the same thing but with bitcoin is harder to pay and expensively because of the taxes.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Quote from: First77 on March 27, 2018, 10:32:07 AM

Alibaba gets $25,000,000,000 sales on China’s biggest online shopping day. Looks like China is a cashless society

Love the sarcasm

Quote from: NorihiroName on March 27, 2018, 06:00:28 AM

I think that it is a good tendency(on one hand), that world is becoming cashless; fiat money is incredibly hard to control and track.

You're forgetting that not all cryptos are trackable.
Fiat money on your bank account is incredibly easy to track. I know we're talking about cash, but cash also has an issuer and a number that can help identify the origin of the bills. Many bank robbers got caught because the authorities knew the SN of the notes that were stolen.
And why would you as the citizen want your money to be tracked? I like my privacy and don't want some clerks snooping around my private property.

Harley29

full member

Activity: 490

Merit: 100

Quote from: NorihiroName on March 27, 2018, 06:00:28 AM

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 ??

I think that it is a good tendency(on one hand), that world is becoming cashless; fiat money is incredibly hard to control and track.

Yeah now it is very hard to stop bitcoin to get the command and money will be harder to become use globally in future, why? Because 90% of populations use bitcoin to pay for every kinds of things, it give us money and it makes us easy to pay for everything we needs in life, now people are making transactions with help of bitcoin as it is fast and convenient in past people were have to send money as easy paisa, money order and this way of sending money was risky but now they use bitcoin which has 0% chance of mistake, so everything is gradually getting digital now and fiat money is gonna get lost soon, digital money is much better than paper money so cashless society is gonna be the next time.

First77

member

Activity: 266

Merit: 32

Alibaba gets $25,000,000,000 sales on China’s biggest online shopping day. Looks like China is a cashless society

matuson

sr. member

Activity: 420

Merit: 255

There is a big difference between e-currencies and crypto currencies. OP drew attention to the fact that both types of these currencies are non-cash. But it's just a resemblance. Non-cash Fiat is regulated by the state and at any time you may lose access to it. Cryptocurrencies are yours forever. No one can deny you access to your wallet. You will agree with me this is a significant distinction.

HiringYou

sr. member

Activity: 574

Merit: 256

Digital money is a great step towards a cashless society.Mostly every country nowadays is aiming to be cashless and for this governments are providing different ways.Debit cards and credit cards are now common.Many different apps are nowadays used for paying bills online. Nowadays almost every bill can be paid online whether it is a phone bill, electricity bill etc.This is just to reduce the usage of cash. Bitcoin is one of the finest digital currency of present era but still it is not legal in many countries.If in future it is declared as legal currency then it can also be good approach towards a cashless society.

NorihiroName

full member

Activity: 420

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 ??

I think that it is a good tendency(on one hand), that world is becoming cashless; fiat money is incredibly hard to control and track.

CaptainKid

sr. member

Activity: 756

Merit: 250

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 ??

I also think that it is very convenient, and in the future digital money and currencies, such as bitcoyne, can drive out Fiat. All this is happening, and all new and new projects offer new innovative ideas related to the payment of currencies in everyday life, with the help of new payment cards.

Alalex

member

Activity: 280

Merit: 12

Loading

Very good thinking sir, it is the result of the progress of the future tecnelogi very .

I still live somewhere away from the kerain, there I live with all the people there who are far from the state bank due to the slow progress of the country.

After me moved and worked out of town, I was offered to go shopping by my new friend while going on vacation together.

Half of the way I saw when entering a freeway, my friend took a payment card to enter the freeway.

I still do not know the usefulness of the card, and I see clearly that my friend has successfully made a digital payment transaction with the card to enter the highway.

So I know the use of the card is as a digital payment tool to enter the freeway. It's almost the same I used to be very like a person living in big city.

Everybody buys something and they pay no money, but with a debit card to make a payment transaction.

someone who pays their purchases with a credit / debit card.

Good jia cripto money can also be used like a debit card used as a means of payment.

satecream

full member

Activity: 322

Merit: 102

in my country it still need development into that
just a few people are using debit card or else in cahsless society
i think thats really great to doing like that, because can cover up people from robbery and can caused getting shot or killed in by the suspect of crime
and thats very helpful in high crime country

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Honestly, most developed countries have the largest portion of their finacial transactions as cashless. Both by sheer volume of money transfered ofc but more recently also in terms of numbers of transactions. This isn't something beneficial for crypto as long as the economy is running in FIAT because people show that they are trusthing the banking system more, giving leniency to banks to loan out even bigger percentages and this way creating more (non-physical) debt based money.

Iyeman

sr. member

Activity: 1183

Merit: 251

Quote from: MMA on March 27, 2018, 04:04:26 AM

Quote from: n0ne on March 26, 2018, 03:00:54 PM

Digital money is the base for the existence of cashless society, because for the growing population the traditional system it is impossible to fulfill the needs of the people. At this time we're not able to readily accept the change, over the years little by little things will change making everything digitized.

Slowly and gradually we are moving toward such society, although it will take a lot of time but we have to accept that fact, because even in current time people are not carrying money with them but using ebanking, i think that n future people will mostly start using bitcoin for buying and selling things they will never feel the need to use cash and carry it with them.

It seems that in the future we'll have various option for payment through digital currencies, whether every country make their own virtual currency or not, today we're already starting to digitalize everything, for example fintech that's universal is apple pay, and google pay.
It's also things that could drive us to cashless society for more efficiency, and the best thing is that it's eco friendly.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: n0ne on March 26, 2018, 03:00:54 PM

Digital money is the base for the existence of cashless society, because for the growing population the traditional system it is impossible to fulfill the needs of the people. At this time we're not able to readily accept the change, over the years little by little things will change making everything digitized.

Slowly and gradually we are moving toward such society, although it will take a lot of time but we have to accept that fact, because even in current time people are not carrying money with them but using ebanking, i think that n future people will mostly start using bitcoin for buying and selling things they will never feel the need to use cash and carry it with them.

Topic: Digital Money = Cashless Society - page 50. (Read 4311 times)