Topic: Do you need cash for everyday use? (Read 2988 times)
I am living in a small town, where hardly anyone is aware of cryptocurrency. But one encouraging thing I have noticed recently. Ever since the demonetization happened in 2016, a lot many of the roadside vendors have started accepting digital payment options such as PayTM and Mobikwik. Hopefully, at least some of them will experiment with cryptocurrency in the future.
Yes, everyday i am using cash to buy foods, fares and necessities for daily usage in our household. It's the best and easiest way to purchase in our country because we are not fully adopted crypto currency unlike other countries.
Same here in our country. Though cryptocurrency are now slowly being known here and some merchants are accepting cryptos for their services and products, those primary needs are, somehow, only available using fiat. So to answer the question, yes. I still need cash for everyday use. It will take a long time before I won't totally need cash but I'm looking forward to that time.
Now.Yes, I use cash a lot. why? in my country cash is more reliable and easy to use because all establishment here prefer to use it than virtual and non cash payment. virtual and like crypto payments here are usually unknown or not all people have knowledge what is it, so in this year up to 2024, i guess i mostly use cash.
Yes, everyday i am using cash to buy foods, fares and necessities for daily usage in our household. It's the best and easiest way to purchase in our country because we are not fully adopted crypto currency unlike other countries.
With all different ways of payment cash is still one of the oldest ones in use. Still good part of payment is done with cash most people think its safe and many like this, credit card are next in line and mobile devices are to follow in this. Still with all technological improvement we are into everyday cash payment some stores dont use it.
- In my country half the population have moved to cashless transaction. They prefer using
cards or the mobile payment services similar to PayPal. - 25% of the population have never used cards for their transactions till date. This entire
50% most of the time prefer direct cash usage on everyday needs. - The technologies have grown supporting the transaction in terms of fiat happen within
seconds, but some corner of the world people continue using fiat. - Usage of cash will continue forever unlike the innovation taking place relative to
technology and other forms of growth. - Cash will always serve to be the primary spending asset, while the digital
payments and other forms serve as alternate to cash.
so, for now, we still need it for purposes that do not require far enough transactions. but people have started to get used to using digital transactions.
Of course, cash or fiat is needed in everyday life because it is now the primary means of exchanging or purchasing items and services. Cryptocurrency is now largely used on online basis hence the fiat is more needed when it comes to offline purchases in some stores, businesses, companies etc which do not accept or know about cryptocurrency.
I think cash will be in use for a very long time. The planet is not developing evenly, and in large cities there are always many foreigners who come to work.
I often use them when I tip, or buy jokes.
I think so, although in some countries digital currencies such as credit cards, online wallets, cryptocurrency, and other online payments are increasingly popular. but there are some classes of people who do not know about it, like you said many foreigners, many poor people, and etc. who do not know about it, and for the process of understanding it takes a very long time, I use occasional cash and digital currency in some a place like a mall. I often use them when I tip, or buy jokes.
I think cash will be in use for a very long time. The planet is not developing evenly, and in large cities there are always many foreigners who come to work.
I often use them when I tip, or buy jokes.
I often use them when I tip, or buy jokes.
I think we still need cash for everyday use because virtual currency or cryptocurrency is not yet legalized by the government in every country, even a lot of people nowadays knows about it. There are still more people who uses fiat or cash more than virtual or non cash payments.
- In my country half the population have moved to cashless transaction. They prefer using
cards or the mobile payment services similar to PayPal. - 25% of the population have never used cards for their transactions till date. This entire
50% most of the time prefer direct cash usage on everyday needs. - The technologies have grown supporting the transaction in terms of fiat happen within
seconds, but some corner of the world people continue using fiat. - Usage of cash will continue forever unlike the innovation taking place relative to
technology and other forms of growth. - Cash will always serve to be the primary spending asset, while the digital
payments and other forms serve as alternate to cash.
Uptill 2017 it was impossible to go to a small grocery store , an auto-rickshaw driver or even a local vendor and pay in the form of e-money. But now many companies have grown in my country and made it easy to be cashless. One of them has even tied up with the government.
Cash is important but not convenient we all know that and we can see a future where Cryptocurrencies are the form of payment everywhere is not that far.
Cash is important but not convenient we all know that and we can see a future where Cryptocurrencies are the form of payment everywhere is not that far.
Yes, I prefer cash than digital money because, in my daily routine, cash is the most usable one. Here in our country, the use of online transaction is very rare unless you've wanted to buy something in an online stores like lazada or shopee. But if the world adopts this method, I will probably change my way of transaction.
In fact, I use significantly larger amounts of funds with the help of online purchases and online payments on my accounts. When I rest, it takes me some money and it is during this period that I have to pay in cash. Apparently if there will be a specific infrastructure for the use of cryptocurrencies, then the situation should change dramatically.
Most of stores now use less cash, however there are still ones that use cash only. I dont mind paying in not cash but i need to have some cash all the time still in bakery you can't use plastic they prefer cash 
i presonally need cash. because it is hard for me to understand how much i spent when i use debit card or credit cards. so i prefer to withdraw money from atm and pay by cash everytime. ofcourse it is not the simple way but cash is more traditional and under my control
DO YOU NEED CASH FOR EVERYDAY USE? YES I AM A BUSINESS WOMAN I CANNOT DO WITHOUT CASH, I DO TRASACTION WITH CASH EVERYDAY.
If you are business woman you should use digital money, it is more easy to use for fast and huge transaction, in this era everything is almost dependent on digital system so does payment and buying goods, in my place people have left using cash now because cash is optional and crypto currency is better than using cash, it saves time and saves us from extra cutting while paying. 
In my country where technology is not that high, we use cash for everyday use. Many people on our country does not yet adopt on using Cards, Online Wallets, etc.. We really use cash as the main medium of transactions.
most developing countries experience the same hegemony, however, for now many private parties have developed online stores, at least starting from one of the conventional tv media.My country also prioritizes cash(so do i), but 10% of people can make sure they are familiar with online transactions, they make payment via smartphone scanners in several shopping centers and transportation media, Crypto payments only need to wait for government regulations.
on the other hand of course the people must submit to the prevailing government policies, so that with the absence of the legalization of cryptocurrency, making cash still dominates for daily needs
right, that is very important, because legalizing each crypto usage is very important. people will certainly not use prohibited things, and most countries forbid using crypto as an exchange tool because it can be a competitor for fiat from a country. because of this, cash is still highly prioritized.even if the cryptocurrency can be legalized by each country, it will not be possible for the government to be able to change payments in full using cryptocurrency. however, cash will still be needed by the wider community so that it cannot be completely replaced by modern technology
In my country where technology is not that high, we use cash for everyday use. Many people on our country does not yet adopt on using Cards, Online Wallets, etc.. We really use cash as the main medium of transactions.
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