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Topic: Digital money is cashless society - page 12. (Read 2883 times)

full member
Activity: 240
Merit: 100
May 18, 2018, 11:31:05 AM
The case for small - as soon as possible to withdraw cash from circulation, which is already being done in a number of countries. Then each transaction will be automatically entered in the file-file of the buyer. Let's recall recent reports from the Internet: "Sweden can become the first country in the world to completely give up cash"
jr. member
Activity: 100
Merit: 2
Buy Bitcoin
May 18, 2018, 11:24:02 AM
Cashless society does sound convenient but the negative side is Credit Card fees and Bitcoin fees. I like the alt coins that have the lowest fees which is the first step towards a cashless society.
full member
Activity: 210
Merit: 100
May 18, 2018, 11:17:31 AM
Digital money will be the part of real economy when government will fight with corruption. Meanwhile, cash is the best solution for money-laundering and while we have illegal business, we won't see cashless society and digital economic.
full member
Activity: 339
Merit: 102
The Exchange for EOS Community
May 18, 2018, 11:12:58 AM
Bitcoin era is not just cashless society but also cardless! Everything will be purely digital. You will pah in the store just by scanning the QR code. You will pay your bills online and send remittances also. Cryptocurrencies really helps our living more comfortable and easier than before. Everything can be done in a few clicks.

And It scares me though, seeing most of the people really sooner that relying on technology alarms me. If there would be a cashless society there would be a possible centre strorage of all the possible account that may produce in that given time and it can be possible that if you will abide the rule they will use all the profit that you have for them to control you, and I guess thats not a good Idea and how about the third world countries? And less fortunate people, they will be isole if that will happened.
hero member
Activity: 840
Merit: 520
May 18, 2018, 11:06:48 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.



Obviously bitcoin and all other crypto currencies are the part of digital money. They all are virtual money, the money you can feel in your account, can see in your accounts but cannot touch it and now a days there is a era of virtual currency only because this type of currency is more safe , it’s transations are more confidential and moreover it is very hard to steal and yes we are living in a era where digital money is used in cashless society.
newbie
Activity: 126
Merit: 0
May 15, 2018, 04:12:25 PM
I don't think we should rely on physical money anymore. This should be changed. For a better greener world we should avoid paper money. Digital currency must won in near future.
newbie
Activity: 133
Merit: 0
May 15, 2018, 03:43:08 PM
Increased use of digital money will affect the use of paper money I think. People will prefer to use digittal money because it is simple and no need to bring it to take place if you want to use it in large quantities.

I really think the use of blockchain is necessary but it does not eliminate the original money, ie paper money.
the government of a country will not directly allow, given the economy of the country must be with a mature calculation.
full member
Activity: 350
Merit: 100
May 15, 2018, 03:12:09 PM
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.



Gradually the entire world is now shifting to the cashless system; not only in China. Even in Africa where most communities lacks internet facilities, they still manage  to reduce carrying bulky money by introducing mobile money system by almost all the communication networks, where the individual can send and receive digital money without necessarily having a smart phone. Again, the e-zwich, debit and credit cards have been fairly understood by many due to safety and faster transactions.
Bitcoin is can also be seen as a digital money and would no time be transacted worldwide
full member
Activity: 290
Merit: 100
May 15, 2018, 03:04:00 PM
Digital money in our country is not yet dominating since some of our areas are still far from the technology. Yet there are a large number of digital money user here and is still rising due to the technology improvement. I think that it would still take up some time for our country to be dominated and use the digital money as our main payment currency for buying products or such services. Bitcoin user has also increased here since some peope are really in need of financial income and have tried buying and holding bitcoin to earn money. By the way our country is Philippines.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
May 15, 2018, 03:01:31 PM
Digital money is not the cashless society, because the physical currency gets a digital form. Here the currency is backed by gold and other sources. Cryptocurrency can be termed to be cashless society, because the backing is purely on technology and there is no need of a physical form.
hero member
Activity: 966
Merit: 501
May 15, 2018, 02:52:23 PM
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.



more or less the use of digital cash has becoming popular nowadays especially to the people living in the city and to the teenagers. China has even a vending machine that serves drinks or instant foods by just scanning the QR code and paying it using an application
Yes digital currency means cashless society.But this will not happen near in the future as it is near to impossible.Fiat currency is used by each and every person in the world.Digital currency requires internet connection to get operated.But internet facilities are not available in every corner of the world.Many people also do not know about the digital currencies.Many people are illiterate and do not have any knowledge about the market and money.
sr. member
Activity: 644
Merit: 259
CryptoTalk.Org - Get Paid for every Post!
May 15, 2018, 11:49:35 AM
The telecommunication companies in my country have made a digital money where you give them the money and in turn they give you the money in your mobile wallet with which you can transfer to others and even transfer fee money from your bank to your mobile wallet.
hero member
Activity: 1190
Merit: 534
May 15, 2018, 11:44:11 AM
Well, I beg to differ with OP's statement. Any money which is able to access digitally is in the form of digital money. Sadly, we don't have high literacy rate as of now on the global level when it comes to the technology and hence large class of people is not able to use digital money. In my country, a year ago the government banned old currency notes of higher denomination and it resulted in the boost of digital payments.
full member
Activity: 223
Merit: 100
May 15, 2018, 08:28:26 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.



more or less the use of digital cash has becoming popular nowadays especially to the people living in the city and to the teenagers. China has even a vending machine that serves drinks or instant foods by just scanning the QR code and paying it using an application
hero member
Activity: 2590
Merit: 644
May 15, 2018, 08:25:29 AM
It is indeed the way to have a cashless society because it will bring a lot of good things in our world or country if we will have a cashless society and if we will just depend on the digital money because we can just transaction using and depending in the internet and without going out from our home which can save a lot of time for us to become more productive.
sr. member
Activity: 490
Merit: 258
May 15, 2018, 05:12:21 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.



becoming cashless is a choice, in my country we have an application called coins.ph and I use it in almost everything that I need in my daily living. I store bitcoins in a ledger and transfer the amount that I need to the app, and from there I can pay bills, buy from merchants, and etcetera...

Anyway, if you live in my country you cannot be 100% cashless... you always need paper money to buy from the sidewalks.
newbie
Activity: 173
Merit: 0
May 15, 2018, 04:13:51 AM
Increased use of digital money will affect the use of paper money I think. People will prefer to use digittal money because it is simple and no need to bring it to take place if you want to use it in large quantities.
jr. member
Activity: 294
Merit: 1
May 15, 2018, 03:31:13 AM
#99
Yes,  digital money has brough a level of cashless economy to some society. This cashless society has reduced the rate of crimes, make transactions as easy as drinking water.
newbie
Activity: 126
Merit: 0
May 15, 2018, 03:21:18 AM
#98
Yes, we are moving forward to cashless society, we paid through swiping cards or through mobile express. Bitcoin is a digital currency, when we fully shift to bitcoin, it will be purely digital transactions even cards will become obsolete. We can pay through scanning QR codes or through any gadgets that is connected to internet.
jr. member
Activity: 238
Merit: 1
https://i.imgur.com/iwknjIj.png
May 15, 2018, 02:34:21 AM
#97
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.




Digital money in our country is cool, it is accepted here because we have local digital wallet that can easily convert btc/ eth to our local fiat currency. Due to that wallet, i can say that it is acceptable in our country despite of the previous news of bitcoin scams here. Still ok and safe.
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