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Topic: Digital money is cashless society - page 10. (Read 2909 times)

newbie
Activity: 84
Merit: 0
May 28, 2018, 08:22:50 AM
Many people are still using cash in paying bills or in transactions but still I can see that many people are using the convenient way.We can use this like a credit card and it is widely used here in our country.We just need to top up then you can use that money for online payments.Not all stores adopt digital currency as their payment.I hope it will happen soon because they will help to prevent the theft to steal our money.
hero member
Activity: 1016
Merit: 502
May 28, 2018, 08:17:22 AM
In Russia at the moment the most common cashless system is SberBank. I get paid for it and do not even withdraw money from an ATM, pay on the Internet and in stores.
hero member
Activity: 1008
Merit: 501
May 28, 2018, 07:51:16 AM
I think the world is becoming a cashless society little by little there are lots of company that are accepting online payments nowadays,
It would only be a matter of time when we become to be a cashless society we are now moving forward and technology is blooming faster.
Yeah you're right now more and more companies and third parties are making vendors for digital currency. it proves that the world is getting more sophisticated. and yeah we little by little start using digital currency or virtual money to shop. proven the more often we shop in online
full member
Activity: 378
Merit: 103
May 28, 2018, 07:48:53 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.

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




in my country bitcoin users quite a lot, but only limited places to invest, because the government still restrict its use as a medium of exchange. so people still use paper money and credit cards for everyday transactions. but the government does not forbid to get or invest in bitcoin, so most people get bitcoin just to exchange with fiat to use.
newbie
Activity: 93
Merit: 0
May 28, 2018, 07:19:32 AM
Society is already becoming cashless, but I've heard that some nations just hate credit cards and other digital ways of storing money.

Here in our country, people are into credit cards and debit cards for everyday transactions. Our society here is becoming cashless but in case of bitcoins which is not only cashless but also cardless where you just need your smartphone for your transactions is less on our country. Bitcoins are just starting to develop here in our country so sooner we're going to be not only cashless but also cardless.
newbie
Activity: 112
Merit: 0
May 28, 2018, 07:01:41 AM
well, sad to say, in my place it's not developed much. we prefer cash.
newbie
Activity: 70
Merit: 0
May 28, 2018, 05:31:01 AM
Society is already becoming cashless, but I've heard that some nations just hate credit cards and other digital ways of storing money.
member
Activity: 308
Merit: 15
May 28, 2018, 05:22:34 AM
Yes it is a cashless society when you have credit card, atm card that could be use also in transactions by swiping the atm card into the swipe reading machine when doing a shopping on most of the supermarkets or groceries stores. However, this digital money are being back by real money which already being deposited in the bank. So even if it is digital being used yet the fiat money is there being stored in a safer place of that bank.
member
Activity: 308
Merit: 17
May 28, 2018, 05:30:50 AM
for now in my country bitcoin can not be used to conduct transaction activities because it is not allowed by the government to conduct transaction activities because there is already a fiat currency used as a valid transaction tool. but on the other hand the government in my country does not prohibit for its citizens who want to do an investment activity on bitcoin.
full member
Activity: 302
Merit: 120
May 28, 2018, 05:22:24 AM
I really like digital money. all payments can be made easily without difficulty and I hope bitcoin will be the most popular digital currency of the future.
member
Activity: 266
Merit: 32
May 28, 2018, 05:19:49 AM
Even china cant be cashless society because no country can only use online payment because wether we like it or not offline payments will always exist and physical money will be in use.even how hightech the country still fiats will be needed

The best advantage of using debit cards or credit cards for payments is that 'there is no headache of change". The exact amount is taken from your card.
hero member
Activity: 1078
Merit: 514
May 28, 2018, 05:13:34 AM
Developed countries are cashless already for several years, all of those credit/debit cards and checks and now it appeared Apple pay and other analogous of cashless payments. Few people actually use cash nowadays.
full member
Activity: 380
Merit: 100
May 28, 2018, 04:39:47 AM
I think that a 100% cashless society is near to impossible. It will be very difficult as many individual don't even have bank account or don't even have internet connection on certain places. But yes, china is growing so fast that electronic money is very suited to their requirement.
jr. member
Activity: 308
Merit: 1
May 28, 2018, 04:36:58 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.

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





Bitcoin wasn't fully adopted here in my country. However, there are banks and money exchange services that accept Bitcoin as payment for a lot of things such as for paying electrical and water bills. Aside from that, Bitcoin's been used for transaction and for money transfer.
hero member
Activity: 2772
Merit: 541
Campaign Management?"Hhampuz" is the Man
May 28, 2018, 04:34:30 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.

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



Even china cant be cashless society because no country can only use online payment because wether we like it or not offline payments will always exist and physical money will be in use.even how hightech the country still fiats will be needed
sr. member
Activity: 700
Merit: 254
May 28, 2018, 04:33:19 AM
I think the world is becoming a cashless society little by little there are lots of company that are accepting online payments nowadays,
It would only be a matter of time when we become to be a cashless society we are now moving forward and technology is blooming faster.
newbie
Activity: 88
Merit: 0
May 28, 2018, 04:26:54 AM
Yes, I think that's good. China is the largest digital currency exchange place, unfairly if people there do not participate in promoting digital money as a means of payment.
In addition, the government and central bank realize the importance of digital money as a means of payment for the future and would be better for bitcoin development if some Asian countries are also implementing the same thing as in China.
In my country, Banks still refuse bitcoin to be used as a means of payment but our state government does not really prohibit the use of bitcoin especially if it is only for online shopping.
In my country there are several places to eat, shops, restaurants, yoga places, and hotels that accept bitcoin, and there are bitcoin ATMs that can be used if you want to buy bitcoin in cash.
newbie
Activity: 70
Merit: 0
May 28, 2018, 03:08:51 AM
Cashless and digital transactions are now commonly practiced worldwide. Countries like Sweden and Belgium have taken steps away from the paper currency. Sweden is aiming to be the first country to go 100% cashless and 93% of Belgium's population pay through cards and phone applications. They even created a law to limit cash transactions.
newbie
Activity: 232
Merit: 0
May 28, 2018, 12:26:15 AM
Bitcoin era is not just cashless society but also cardless! Everything will be purely digital. Cryptocurrencies really helps our living more comfortable and easier than before. Everything can be done in a few clicks.,so therefore digital money is really cashless society because you don't have to work around with cash to make transactions. Digital money has become very beneficial since it improves one's discipline towards financial management , you can keep an eye and will see how much you've spent on something.
member
Activity: 266
Merit: 32
May 28, 2018, 12:17:45 AM
Past 8 months, I am paying all my bills online (via internet). It takes 15 minutes only
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