Digital money is cashless society - page 7.

Erlinda Santiago

full member

Activity: 266

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.

no its not cashless money as far as i know you will get cash from digital money by just joining some bounty campaigns so dont underestimate it

upinros

jr. member

Activity: 178

Merit: 1

In your country people are also gradually turning to payments without cash, but cash still has not lost its popularity, especially for older people who are very skeptical about money on cards and purchases on the Internet. ATMs are also part of the media that makes currency into digital money with the same value or price. In my country, for some big companies have applied digital money with transactions through ATM.

Ntaa

copper member

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Yeah. . I admit China is a developing country in technology.
if in my country can not like china, Because my country still can not receive digital money and still using conventional money for payment.

boty

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★Bitvest.io★ Play Plinko or Invest!

yes you are right, better people do not use too much cash because I see with the amount of cash will actually make the community more dangerous and prone to theft, whereas if it is digital and has a point of interconnected dots it will be difficult to steal.

indayburakday012

newbie

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Merit: 0

Yes it is indeed happening already in china lead by the famous and one of the richest people in the world Mr. Jack Ma the founder of Alibaba group and company. Actually Philippines is being offered also with these system that will use digital money to ease and give the comfort on doing transactions. Well this could be a very good form of system that will give some time for the developing countries to showcase the potential to improve.

Fear

full member

Activity: 364

Merit: 100

time and technologies grows up) in my country a few years ago was very difficult to work with crypto, but now it is simple, like to earn dollar in freelance

Jamalkm74

jr. member

Activity: 58

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Worlds Simplest Cryptocurrency Wallet

Yeah I agree with you....Bitcoin is bad effect is society, when bitcoin legal every county then real money is no value, that really big problem

nikki4

full member

Activity: 496

Merit: 100

There was loads of digital wallets even for banks, e-commerce wallets too which was legally authorizing by the governments. More digital currency wallets are even available however we need to choose the secured wallet which is encrypted and authenticated to safeguard our funds.

FosterEgan

newbie

Activity: 149

Merit: 0

Quote from: brunetteJessica on March 22, 2018, 04:10:04 AM

Now we can use your bitcoin online on www.wecamgirls.com, best way to spend them!

Yes you are right is not only crypto currencies that are the digital currency, when the economy of a country has advance to some level they traditional currency can also be operated as digital money e.g credit card has always been there before the invention of cryptocurrency.

ACVinegar

member

Activity: 196

Merit: 20

Digital society was also less risky compared to having a lot of physical money. It's because only hacker and other intruders our enemy's not like if they have a lot of physical money that they need to protect our cash even into the holdapers and other evil things that made by the people. For me digital money is make our lives easy compared to having a lot of physical money.

Yarsk

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Activity: 448

Merit: 122

Yes you are right is not only crypto currencies that are the digital currency, when the economy of a country has advance to some level they traditional currency can also be operated as digital money e.g credit card has always been there before the invention of cryptocurrency.

HelenS

newbie

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It is much more convenient to use digital money rather than cash.

Zainal-baguz

jr. member

Activity: 175

Merit: 1

really even us when ordering goods or so forth. if paying by using bitcoin is more practical and easy when compared with fiat money. It's just that in my country there are still many people who do not know bitcoin .

KrisAlex18

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Activity: 742

Merit: 160

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.

We will all come to that point wherein no one will be using any physical money anymore since technology is innovating day by day which will help us soon get a better life and a more convenient one. For now, we should pay attention on having bitcoin's price go to recovery so that everyone else will benefit now and for the future.

gandame

hero member

Activity: 924

Merit: 505

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.

Bitcoin in our country is easy to cash out like we use a local wallet then we use it for transferring money on remittances or any bank. And that local wallet we can use it also to pay anykind of bill.

Sumo

hero member

Activity: 1098

Merit: 500

Every day in my country there are more and more terminals for cashless payments, although they can be found absolutely not everywhere. But there is a positive trend, it is pleasing. This means there is a chance for the development of bitcoin.

Pyr3x

full member

Activity: 602

Merit: 100

In my country it is certainly developed, but to a small extent. Therefore, bitcoin is developing quite slowly, but I hope that my country's progress will not pass by.

Bohxz M4p4gm4h4l25

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Activity: 339

Merit: 120

Quote from: rajkr on March 22, 2018, 04:34:02 AM

My country is moving towards cashless society. But government has not allowed BTC as legal tender while people are shifting towards it .So may be in coming years people start to use it for becoming cashless society.

Same in oir country, and I think our governments think the same. Cashless society in our country doesn't seem so easy to implement due to the fact that the percentage of people who doesn't know and possesses any gadgets in our country were still big in numbers and I guess it will be hard for them to adjust if this will be implemented, awareness is the key as well as the better education.

darklus123

hero member

Activity: 1246

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That is what i like about chinese. Most of them are completely geeks and is embracing technology like japan. Tho i think that they are not yet a complete cashless society.

Cashless society can happen really soon but i think this would start on a 3rd world developing countries.

Zaibraid

member

Activity: 420

Merit: 10

In my country, Indonesia, still prohibits transactions with bitcoin. In my country also tend to pay in cash using fiat money. There can be no store that receives payments with bitcoin in my country because it can be revoked by the government business permit. Even paying with a normal credit or debit card is taxable enough to strangle some stores. I've been shopping for everyday needs using my debit card but I have to pay taxes that I think are pretty high. It is still difficult in my country to transact online.

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