Digital money/currency is the new technology when it comes to the world's financial sector. Nowadays you don't need to hold physical cash to transact, funds are best transacted online and are also fater online.
You check into any mall/supermarket, even without holding physical cash, once you have a debit card or mobile applications on your phone you transact easily. I think it is safer and it cubs unnecessary spending of money.
Topic: Digital Money = Cashless Society - page 7. (Read 4311 times)
Bitcoin is a part of digital money. How is digital money is your country ??
In all other aspects bitcoin looks more like an asset which if thoroughly stored and cared for until it reaches the highest price ever.
Most people nowadays are more comfortable in using cashless or online payment instead using cash or real money. Some countries that are legal to use bitcoin all using bitcoin such as shopping, transportation, eating, roads etc. Cashless society makes transactions more faster or do not take a lot of time. So we need Cashless Society.
When the world is fully digitalized, digital money will be a need. so I think bitcoin will be a reality in the digital society. so you imagine how much will be one bitcoin by that time? that will be huge.
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.
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.
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.
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.
Bitcoin is a part of digital money. How is digital money is your country ??
In my country, credit cards are used quite often. When I come to the store with cash, they can't give me change... I get that a lot of times. Bitcoin may soon change all digital money.
I think that digital money are on trend right now and many people are getting fan of this popular matter. However, not all people are using it nor aware of it. Thus, digital money will not make the society absolutely cashless. Digital money may be a great idea as it provides convinience, physical safety, more possibilities and opportunities when it come to financial matters. However, I do not see yet digital money as all of the people's choice and mode of financial transaction. Simply because some people would still prefer physical money as few people are still traditional. We may all use digital money for a cashless society, but time will always cpne that we will go back to what we have used to and what we are using now.
It would happened and conceivable soon yet at the same time it relies upon the nation actualizing and directing advanced cash, for example, bitcoin. In my perspective cash charges still exists in light of the fact that not all knows bitcoin or any computerized monetary standards so I get it simply a question of time teaching them.
Now Bitcoin is just a digital asset after expedia.com removed bitcoin as payment option.
If the world actually wants to maintain the cashless policy, then they should adopt digital or cryptocurrency.
It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.
Bitcoin is a part of digital money. How is digital money is your country ??
Bying goods and services via Internet is becomimg even more popular in my country. Unlike yet 10 years ago now you can order and pay for virtually everything using your credit card or any other widespread payment services. Bitcoin and crypro in general is still not massively adopted, but I think it's just a matter of time.Bitcoin is a part of digital money. How is digital money is your country ??
That's actually a worldwide trend and I can't name any more or less developed country that does not encourage digital payments.
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.
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.
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.
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.
Bitcoin is a part of digital money. How is digital money is your country ??
Here in the Philippines cashless money was operated in 19th century like what you said debit card and also paper tseque money, payment transfer through digital method was operated since year 2000. But this is not enough to make the people become comfortable i hope bitcoin is continuously moving around the world and serve to all the people without hassle no third party involve cashless payment for transaction is actually the best for all of us.
Such a thing is very hard to imagine in developing countries but it can be very helpful. This will be possible only when the government in those countries is ready for this.
cashless society become more realy with cryptocurrency coming out, people keep dreaming about this and i do heard this idea since i was a child and yet it still not happening. But i do think we need to takes a lot of time to make it real and i think crypto would be good option to help us to make it real. 
I would very much like to see the world as in films where people have chips and can pay for them. But probably not in our reality.
Well maybe it can happen in the future, we may never know what's gonna happen that time. But for the coming years I think this is still impossible to have a cashless society.
When this cryptocurrency will be in a full blast run in any part of the world especially if it will be legit then this crypto as digital money, can create an easier life which is a cashless society wherein transactions are made digitally.
Such a thing is very hard to imagine in developing countries but it can be very helpful. This will be possible only when the government in those countries is ready for this.
I think developing countries that adapts bitcoin/cryptos will be the number one aiming for this idea because they already know the potential capabilities/powers of bitcoin and cryptocurrencies. But those countries who banned bitcoin/cryptos will surely be out from this topic. But even if cryptos are legal around the world, my only question is can we really use bitcoin all the time even if there is no internet connection?
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.
Mastercard slogan: There are somethings money cannot buy, for everything else there is Mastercard
Digital money indeed will lead to cashless society in the future. In our country credit cards and debit cards are used a lot and i believe cryptocurrency is now being introduced to many. Later on, in the future many are into digital already.
Yes cryptocurrency has been already introduced to everyone and there are a lot of countries that are recognizing bitcoins as a very good source of income so maybe in the future, people will prefer digital currency and we are going to live a cashless society.
Many authors of topics on the internet long time ago were already thinking about this, that unavoidable that cash system of paper the money would be replaced and evolved into something other.
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.
We'll likely have a mostly cashless society, but that doesn't mean anything for Bitcoin. Digital cash denominated in US dollars will rule the US economy, as it currently does, and Bitcoin will not meaningfully penetrate into day-to-day commerce or business transactions. Compared to digital cash, Bitcoin is clunky, slow, and needlessly complicated. Centralization is not nearly the problem Bitcoin proponents want to make it out to be. Everyone hates PayPal, but PayPal works exceedingly well and Bitcoin really can't touch it because most people want a centralized authority they can trust manning transactions in case the other party commits fraud or acts illegally. A trustworthy central authority (the payment middleman, like PayPal, MC, Visa, etc.) is far superior to a decentralized system where payments can't be reversed in cases of fraud.
The centralization of Bitcoin may seem at first like a threat to its existence, but it's probably the only way to effectively accomplish the things that you mention. Bitcoin doesn't really have the ability to be widely used as a currency at this stage like you said, but it has features of anonymity and tax evasion that will continue to attract people to use it. I can't exactly see it being widely used for day to day transactions, however.
Cash will still reign I think because it is what makes things get done. You can get better prices, faster service, more favorable conditions with most vendors if you pay in cash. Digital money is still clumsy as well in my opinion.
So before you know it you may one day wake up in a cashless world. It will not be better and probably it will not be easier either, and VISA will know details of what you had for breakfast and what courses your kids took.
Visa doesn't get details of what you buy, only where you buy it. The inventory of what merchants sell to consumers is not part of the data that is critical to running the payment platform.
There are certain companies that are poised to do very well as cash continues to die. PayPal, Square, Visa, MasterCard especially. All of these facilitate digital payments or deal with digital cash, and as physical cash becomes less and less common, these centralized platforms have outgrown the general market and are poised to continue doing so. Bitcoin isn't really an improvement among any one of them, it's far easier and reassuring using one of these services because people have faith that if something goes wrong, there's someone there to fix it. If something goes wrong with a crypto transaction, you're out of luck.
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