Digital money is cashless society - page 11.

Cotton Candy

full member

Activity: 392

Merit: 100

Quote from: First77 on March 22, 2018, 03:43:51 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.

If that will be the era of rye digital money of course that is what will happen but that will be decades from now but they are starting because of the cryptocurrency. And the people are starting to cope up with the digital thing rather than cash. Nevause it is more convenient and they are handy. They are much safer for me. And yes the cash will extinct because before we have cash we have golds as our money and they are not used anymore and that is what will happen to cash.

MahalQu2612

member

Activity: 179

Merit: 10

The world is slowly becoming digital through our technological advancements. People are recognizing the convenience digital currency provides and are slowly turning to it. With Bitcoin and cryptocurrency at play, digital currency can take a step further with the perks cryptocurrency has. We may be far off from becoming a cashless society right now but more and more people are taking side on the convenience of digital currency.

In our country, people are still widely using physical cash but more people especially the newer generation are more on using the digital currency.

pinoyden

full member

Activity: 756

Merit: 102

Quote from: Hairpin on May 24, 2018, 06:49:19 AM

A cashless society will help pave the way toward living in a virtual world. Easy, convenient and seamless.

Yes indeed. Being cashless is cool and innovative but i dont think all people can relate to it, i mean not all can use it because there were also poor country which composes of poor families that do not have access to computers and aside from that they do not also have a proper knowledge to understand and operate these cryptos.

I guess cashless society is only possible to some countries that has a better way of living and of course countries that also accepts and legalize the use of cryptocurrency.

elementus

newbie

Activity: 10

Merit: 0

Quote from: Hairpin on May 24, 2018, 06:49:19 AM

A cashless society will help pave the way toward living in a virtual world. Easy, convenient and seamless.

To be honest, we are already well into a cashless society. The majority of retail transactions are card/digital transactions in the most advanced markets. So the adoption of a blockchain based economy isn't really a stretch, as much as overcoming resistance and actually adopting a viable technological solution that works with the infrastructure in place (POS, and existing web shopping carts).

Hairpin

newbie

Activity: 28

Merit: 3

A cashless society will help pave the way toward living in a virtual world. Easy, convenient and seamless.

DAVETUN

full member

Activity: 728

Merit: 101

Bitcoin is the currency of this age

Bitcoin is sure enhancing the cashless policy advocated globally, if government embrace the Bitcoin currency this will ultimately increase the rate at which cash or fiat is been use as a means of transaction.

manfredmann

member

Activity: 518

Merit: 21

I agree with you that bitcoin is part of digital currency or money but it is not funtcioning as centralized system. As we all.know that bitcoin is decentralized and it has no stable value where it has volatility where we could take it as an advantagenin order for us to earn. In fact bitcoin is sometimes referred to as an investment. Just wonder why it became an investment and then take over and participate.

brightology

jr. member

Activity: 209

Merit: 1

We are New Era of cashless movement, which shows the improvement of Blockchain technology. Which is simply know that crypto currency has been taken place and more recommend for online payment, and more faster and confirm transaction, than others means of online payment

ThunderCatSteve

hero member

Activity: 770

Merit: 505

Quote from: vivekyuvan on May 21, 2018, 05:10:03 AM

What is money used for? It is a tool for trading with a standard set of pricing, so that it would be easier to measure the items being exchanged. Money is basically just printed these days. It can be printed anytime at whatever quantities that please the banks. However, commodities are actual goods. Commodities cannot just be printed as money. You can't print fish, cotton, or coffee. However there can be a surplus of a commodity, which causes prices of the commodity to go down, and a shortage which causes prices to rise. But as far as inflation goes, I would say there is none when it comes to commodities.

Everything is going digitalized, and even the "numbers" that we have in our bank accounts does not represent anything rather than just number and those numbers can be converted in cash if we need but we can't get all our money in cash because of the limits that banks have to withdraw daily/monthly/weekly.
Bitcoin is good because there is no limit if you have lots of money then you are lucky because you save bank fees a lot and the transaction time are faster especially comparing with weekends or holidays.

tegarp90

full member

Activity: 546

Merit: 100

Quote from: First77 on March 22, 2018, 03:43:51 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.

I think digital money is domaninace in almost every country right now.
People start leaving cash money, in my country there is an application which use QRcode to buy almost anything.
The balance in the app, can be topped up by using mobile banking.
So, people is start to leaving cash money.

nyerok

member

Activity: 279

Merit: 12

yes of course digital currency is a very good digital currency and if china prohibits the circulation of bitcoin and prohibits the use of bitcoin it seems like a very good move to provide security and convenient transactions.

chickenfacts

member

Activity: 355

Merit: 10

No, it will take a long time to happen this because it's quite impossible for people to use digital money as the cashless society.

vivekyuvan

newbie

Activity: 32

Merit: 0

What is money used for? It is a tool for trading with a standard set of pricing, so that it would be easier to measure the items being exchanged. Money is basically just printed these days. It can be printed anytime at whatever quantities that please the banks. However, commodities are actual goods. Commodities cannot just be printed as money. You can't print fish, cotton, or coffee. However there can be a surplus of a commodity, which causes prices of the commodity to go down, and a shortage which causes prices to rise. But as far as inflation goes, I would say there is none when it comes to commodities.

lotakasa

newbie

Activity: 84

Merit: 0

Cash is a real money, and society can not excuse it, because it is an intermediary

careCentre

newbie

Activity: 149

Merit: 0

The adaptation of the use of digital currency or electronic form of payment in my country has increased at a rate of 2% less than two years now. But the awareness of bitcoin is currently low in my country. It is just a few are into investing in bitcoin and other cryptocurrencies. With the electronic form of payment, we mostly use a system provided by the telecommunication companies in the country. The system is called the mobile money system... They manage the transaction process and set a limit at which people can transact services. There are a lot of limitations with the system. You can't make international transactions with this system.

Sir Paijoe

sr. member

Activity: 574

Merit: 251

This is a fact that is happening, the presence of digital money actually make cashless society is increasing because they can not use digital money, this is government duty so that can advance them.

AlkoFish

newbie

Activity: 36

Merit: 0

Wow! Satoshi gives out free bitcoins! https://bitcointalk.org/index.php.topic=5.msg28.php

Tipsters

sr. member

Activity: 630

Merit: 251

Quote from: First77 on March 22, 2018, 03:43:51 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.

Well in our country, bitcoin is not that popular and so does the method of payment online. We still highly depend on fiat money because we are not that advance in terms on technology. I think the use of digital money greatly depends on the state of technology of a country and if the country has a low economic standard, it will ban bitcoin and any other form of digital money.

thrylos

newbie

Activity: 146

Merit: 0

Certainly the advent of bitcoin is even more gives us clearer picrure of the future of the world, that the world is set to be cashless society.
This change that will happen in the future will be a huge success for everyone because everyone who has experienced the unsatisfying service of the present system of the world has not been given the same accord with what we want and bitcoin shows us the hope for what we are longing.

Hawley

newbie

Activity: 61

Merit: 0

In a Cashless society services and commodities are exchanged for other commodities and services. so any change in the exchange rate of these services can be viewed as increase in value of one commodity or services and decrease in the value of another. so this can be interpreted as inflation with respect to a commodity and deflation with respect to another commodity. alternatively in a cashless society services and commodities can be exchanged for a common commodity such as gold. in this case gold can be viewed as a currency and any increase in prices relative to gold can be viewed as inflation.

Topic: Digital money is cashless society - page 11. (Read 2883 times)