Digital money is cashless society - page 2.

Blackamoh

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Quote from: JoseJoseJose on June 06, 2018, 06:36:24 PM

Here in Philippines, we have some digital wallet such as coins.ph, gcash, and paymaya. Theres a lot of advantage if you have digital money. But of course, you cant buy goods if you dont have cash. There are more products and services that use cash than digital currency.

I think your money will always be safe in a digital wallet so you can go out, buy goods and even pay for transportation without the amount of cash in your wallet, also faster to transact using digital money than fiat.
When everyone will use digital money in the future, it will be very different from what we have now, there will be less crime

supandi wiharja

full member

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Earn crypto for being contacted

I think even though China already uses digital money as a transaction tool, but still the money is still the country's currency and not everyone in China don't because there are still many people's who use cash. This is like in any country including in my country. Indeed bitcoin also includes digital money, but still many countries have not used it as a transaction tool but must be sold first so that it can be used as a legitimate transaction tool.

yogeshkale

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Yes digital money is cashless society when if digital money limited like bitcoin but all banks are used digital transaction but they are printing unlimited money so it is not cashless society.

mabell943

sr. member

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Probably in our country some of the stores are accepting digital money you only need is to scan the QR code or send money via app to buy and sell products and service. Very easy to shop and to choose what to buy on, no hassle on going on malls and stores. Probably this industry will surpass the value of the money or cash in every country. If that will happen probably that was the great tribulation, lol.

Choyor

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The transition from cash to digital currency is still far away even though the process is beginning to be felt, nowadays people still depend on cash to meet their needs, even though in some percent the need for transactions has already used debit and credit cards.

Dongquensiar

newbie

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The people like the traditional forms and prefers physical jobs. Nevertheless, i see that the elites are gradually adopting these electronic and digital systems.

omali

newbie

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In my country,bitcoin awareness has quite grown over the past 2 years. But people still deal with cash, and bank system. I am yet to see a supermarket (even the online ones) in my country that accepts bitcoin/other cryptocurrency as payment option.

salita23

newbie

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Same as the other country men. But we can cash out money if we want. Our earnings from bitcoin is very important because we can use it every where. Bitcoin nowadays is so famous in evey country.

winstonchurchillwar

jr. member

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In my country it is not forbidden to accept bitcoins for payment and besides, the state does not take taxes for it !

monga789

jr. member

Activity: 97

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Too volatile and mainly because it's decentralised so government has little control

Sandijoee

member

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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.

In my country I still don't use bitcoin or digital money, but there are already a few of my countries without cash. Use of debit and credit cards in the store. But the majority still use cash.

Salvo Mazzanti

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Hope you are not lost

Marcel666

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The Premier Digital Asset Management Ecosystem

The whole world is shifting towards a cashless society. And cryptocurrency and the blockchain technology, would facilitate and improve transactions and interactions among individuals and businesses.

maskeffec

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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.

In my country, people who use non-cash are only a small part, Bitcoin in my country is still a minority and people are still comfortable using fiat money for daily transactions. We all know that Bitcoin is also a currency, but for now I still find it difficult to use it as a transaction tool. Need to wait when bitcoin is legalized throughout the world, we hope this will happen.

Salvo Mazzanti

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Neera Gallo

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When your belief in the bitcoin market is big enough, the bitcoin price decreases, it's your chance to buy more.

galambo

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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.

In few more years, i am sure that the world will completely turn digital and the cash transactions can anyhow reduce a lot and digital transactions can take their place.

Even in my country most if the developed cities have turned digital and does accept digital payments. However cash transactions will not completely vanish as they are the traditional means of payment.

Digital transactions gives us the ease and hastle free transactions to send money to the payee. Even that goes much quick and without any issues. Digital payments are much preferred now and mostly everyone is going for it.

Also the governments for some countries are trying their best to make their countries cash free and take a step ahead into digital payments. Hope that soon the globe turns digital so that they could also accept bitcoins and all other cryptos.

Impulseboy

jr. member

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I would have to say that a cashless society makes it easier for all of us because we do not have to carry cash or worry about withdrawing money from the bank or ATM. We can simply pay through our debit and credit cards. This is why bitcoin and other digital currencies should continue to rise. I think that it will make all of our lives easier, however, I am not sure if fiat will really be eliminated for good. What do you think?

isllander

newbie

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It seems to me that the sooner the country goes over to crypto-currencies. The more developed it is to accelerate. New technologies introducing into real life make it up-to-date and fair.

riyarana1123

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I think with the help of digital money which is also known as electronic money the community is not just become cashless(without the use of coins and notes) but also become card less(no credit or debit cards).And because of this type of money the people who hold black money are getting decrease as every thing has a records that how much a person spend and is it according to his income or not and if not the income tax can take that person to their office.

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