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Topic: Digital money is cashless society - page 5. (Read 2883 times)

newbie
Activity: 8
Merit: 0
August 03, 2018, 04:58:02 AM
Well for me it is better to spend money through bitcoin because it is cashless and it is easy to be paid like a credit card that you dont have to bring money more for your paying. And it is also safe for the thieves because you did not bring money that can catch the attention of the thief. I hope this would apply in my country.
newbie
Activity: 47
Merit: 0
August 03, 2018, 03:39:20 AM
people find it more difficult to switch to a cashless society, since many still do not know how credit and debit cards are used, what to speak of bitcoins and crypto-currencies in general ... therefore, the transition of society to cashlessness is still difficult to implement.
newbie
Activity: 84
Merit: 0
August 02, 2018, 09:17:38 PM
Yes, digital currency is cashless in description, in the sense that you dont hold the cash.
BUT, prdominantly, cashless society implies to those currencies that are cash based and are regulated. just to ensure reduced cost and handling of the cash.
sr. member
Activity: 1484
Merit: 253
August 02, 2018, 04:44:25 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.
You're correct mate. Well, implementing a cashless society is so hard even our how high our technology it is. As we all know that our society getting more involved on different innovation, I don't think it could be easy to have a cashless society since each of us have different perceptions and thoughts especially money is involved. Also, the internet connections does not much so developed since there is some part of our society have not yet fully develop as we all know a cashless transactions need it via online transactions.
newbie
Activity: 12
Merit: 0
June 12, 2018, 11:21:55 AM
In our digital money was getting popular, but not yet legalized by the bank indonesia
newbie
Activity: 107
Merit: 0
June 12, 2018, 10:31:33 AM
Bitcoin cannot be counterfeited unlike the paper money that is easily to counterfeit and this fake moneys are widely spread in the world.  Few years from now, we will be able to experience what a new kind of society we have through cashless system.
full member
Activity: 364
Merit: 100
June 12, 2018, 04:26:22 AM
yea, it is a part of gitian money, you can exchange it for real money in some special places or buy bitcoin in the cash machine
newbie
Activity: 107
Merit: 0
June 11, 2018, 10:19:43 AM
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.
newbie
Activity: 32
Merit: 0
June 11, 2018, 09:47:54 AM
Don't know if you came across any 100% crypto society, i didn't yet. This would be a great driving force to bitcoin development, if you cold earn and spend in this currency.
newbie
Activity: 42
Merit: 0
June 11, 2018, 08:01:39 AM
third world countries are no where near being cashless but other countries like the united stated will be there in no time
newbie
Activity: 111
Merit: 0
June 08, 2018, 10:59:29 AM
This is not entirely true. Even if the society completely adapts digital money, there will still be a need for cash, or fiat money.
newbie
Activity: 41
Merit: 0
June 08, 2018, 09:06:05 AM
That seems reasonable but only suitable for developed countries, currently on my nwocs land has not done this.
jr. member
Activity: 138
Merit: 4
Varanida : Fair & Transparent Digital Ecosystem
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.
sr. member
Activity: 532
Merit: 255
June 06, 2018, 06:31:55 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.

China is one of the countries that prioritize the application of technology in various sectors, both education, trade and financial transactions. With the technology, at least they can save more money to rebuild their finances, especially in terms of transportation costs because every item they buy usually delivered to the home of the buyer.

However, the skrill, perfectmoney, alipay, and paypal, still have weaknesses, because their transactions, can not be done inside the house, they still need ATM machines or Counters to make transactions. Of course this is much different from what bitcoin has to offer, because bitcoin transactions can be done anywhere, even just with smartphones.
jr. member
Activity: 182
Merit: 1
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
June 06, 2018, 03:06:07 PM
Digital money in my country now is picking up. Transfer of money home n abroad, not leaving the comfort of your home and payment of bills. It's quite picking up a good pace so as the people of the country. The issue here is the network, that is the internet that makes it work, sometimes transfers get to hang in the air and the banks will tell you they can't trade or help you. Aside from that it getting better. Bitcoin will do the same and better too if all necessary utilities are functioning.
copper member
Activity: 280
Merit: 0
June 06, 2018, 12:48:07 PM
Yes, with digital money we can create a cashless society. But even today 70% people use cash. Because they do not have any specific information about digital currency. They do not know how to use digital currency. But in the future we will become a cashless society.
full member
Activity: 560
Merit: 107
June 06, 2018, 10:19:27 AM
For me, in this era that has a technological world that is the future or money to become digital money like bitcoin and another cryptocurrency to become a cashless society. We all know that most of the people now are using a smartphone, and new technology that making our lives comfortable and its time to upgrade our money into a next level, creating a digital currency that making our transaction more accessible and faster it is a great way. Also, we know that this technology is changing too fast, so it is great to accept digital money even we need to upgrade almost everything regarding payment system but imagine that bitcoin and other cryptocurrency is legal and acceptable to all state, I guess that is much easier and cooler than the old one. Smiley
newbie
Activity: 140
Merit: 0
June 06, 2018, 09:52:21 AM
Computerized cash is unquestionably a shape cashless society,because when you need to make buys you either pay through an advanced currency,credit card or through a Web cash transfer,so along these lines computerized cash is extremely cashless society since you don't need to work around with money to make exchanges.
jr. member
Activity: 202
Merit: 1
June 06, 2018, 09:49:20 AM
that's right. because digital money is the money of modern times. to make it easier to melagukan transactions wherever we are. such as for transactions abroad without us having to redeem in advance with the country's money .
full member
Activity: 361
Merit: 106
June 06, 2018, 09:46:25 AM
This is really a way to have a cashless society, because it will give a positive in our world if we have a cashless society, and if we simply depend on digital money, because we can simply use transactions and, depending on the Internet and not leaving our home, which can save a lot of time, so that we become more productive and less dependent on the state

Most of the people who own a bank account have debit/credit card and thats why most of the people are dependent on the card thats the reason most of the people often use cash. Almost all of the establishment are accepting credit or debit card through their payment.

buy something on mall and make a transaction online this cashless money that is why when this currency are been made of people that are used cashless they also love this kind of digital currency and many more people also have to used this also.
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