Topic: Do you need cash for everyday use? - page 11. (Read 2960 times)
In my city I don't really carry cash. I use cards most of the time. But cryptocurrencies are not so famous here as well. Also, for small vendors, I still need to use cash but that is rare a case. I believe if government of my country recognizes cryptos, we people here will adapt enthusiastically to the change.
Really surprised when I see the result of the poll. 60% of the people here using cash?! In 2019, if you live in a city, you don't need to use those old papers and metals. Am I wrong?
I think that we will always need cash, regardless of the degree of development of non-cash forms of payment, including cryptocurrency. In our life there will always be situations where it will always be more convenient to pay in cash than with other types of means of payment. All other types of payments require special technical means, and sometimes being in certain places. Non-cash forms of payment are convenient only for transactions with large amounts.
I mainly use cash and my bank card, although I only earn crypto and BTC for a living, which I get converted to fiat. I am in the process though of trying to get a crypto/bitcoin debit card, that is my next step to becoming almost cashless. So for now, yes I use a lot of cash as opposed to crypto because I need to convert my crypto first, but in the future, I want to be using a bitcoin'/crypto debit card as well. I want to be able to have more options, moving into the digital age. NICE little poll you got going and I will check out your project later in the day when time allows. 
Here in my country, we really need cash for everyday use but even though there are merchants that are accepting cashless payments, it is still not enough for us to go cashless because the majority of the stores are still preferring cash instead of cashless payment but i think in the future, with the influence of bitcoin and other cashless payment options, it will make us cashless.
Its a 20-80 allocations where 20% is actual cash on my wallet and the other at the bank, I just need cash for a small purchases, otherwise online payments will do.
But for security reasons, money should be deposited to any financial institutions with attach insurance just in case these financial institutions will go to bankruptcy.
But for security reasons, money should be deposited to any financial institutions with attach insurance just in case these financial institutions will go to bankruptcy.
If you want to be safe in case of some financial crisis better buy some crypto-currencies or gold. When we had financial crisis in 2008 almost all institutions suffered
from that, but not gold, soon after we got Bitcoin.
Next financial crisis will be interesting for us crypto-holders. I think that next financial crisis will speed up crypto-adoption, that will also boost prices of crypto-currencies.
I think most of us are using cash less and less. I believe that soon we will not use cash at all!
Its a 20-80 allocations where 20% is actual cash on my wallet and the other at the bank, I just need cash for a small purchases, otherwise online payments will do.
But for security reasons, money should be deposited to any financial institutions with attach insurance just in case these financial institutions will go to bankruptcy.
But for security reasons, money should be deposited to any financial institutions with attach insurance just in case these financial institutions will go to bankruptcy.
We still need fiat to fulfill our daily needs, especially to pay for school children and their allowances. So every day it saves fiat to fulfill it. In society, we cannot escape from fiat because most still use fiat as a transaction every day. If crypto is used for savings in the future so this is not too worrying about finance.
Lol, who goes around without cash in their pocket? Okay, unless you plan to make use of mobile banking, PayPal, and stuff like that, but not every stores you go to are going to accept such payment. Just like where I'm living, you will hardly see stores where debit cards, PayPal and other mobile transactions are accepted. Most stores will always tell you to make payment in cash, except bigger stores, that's where you can make payment with your debits cards as they accept POS. If you want to buy without cash, you can use online stores and order for what you want and have it delivered to you.
Today there was an interesting article in the BBC World. Can be accessed here:
http://www.bbc.com/capital/story/20190416-why-the-swiss-still-love-cash
If you go through this article, then you will understand why physical cash will remain as an integral part of our daily routine for the near future. A lot of countries have tried to encourage people to use digital cash. High-denomination banknotes are being recalled. But even after all this, physical cash remains very popular all around the world.
http://www.bbc.com/capital/story/20190416-why-the-swiss-still-love-cash
If you go through this article, then you will understand why physical cash will remain as an integral part of our daily routine for the near future. A lot of countries have tried to encourage people to use digital cash. High-denomination banknotes are being recalled. But even after all this, physical cash remains very popular all around the world.
Yeah i still use cash in my everyday routine well it is because my Country is not yet that advance when it comes to transactions.
Actually, same happened with me.My country has banned bitcoin already and so no market or shop are using bitcoin or crypto currency as a payment method.I wish I could use cryptp instead of cash Because I think using crypto will be more secure for me and I Won't lose my hard earned money by any kind of thief or something.So, i really want my country starts using bitcoin or crypto rather than fiat.
We are working on Golden Currency project ( https://goldencurrency.money ), where we issue money that is available both in crypto and in cash form. We find the possibility to use crypto money in cash form as one of advantages. We expect that almost everybody anyway uses cash and in such a case the lack of such opportunity limits the potential use of currency. That's why we started the poll to prove it. Would be glad for your votes and comments regarding your view on such an option.
Your project is very similar to Xaurum https://bitcointalksearch.org/topic/ann-xaurum-exchangable-for-gold-973489g-9999-lbma-since-2015-xaur-3110765 where the value is backed by Gold, I don't know what is the intention of the poll when it is too obvious that people are still using cash and will still use cash, we haven,t established a city where the population is using Cryptocurrency.
Yeah i still use cash in my everyday routine well it is because my Country is not yet that advance when it comes to transactions.
Of course, I use money every day. But as soon as my government legitimize bitcoin, then I will use it with pleasure. It seems to me that this will be so soon.
I think it will run slowly. Even though Bitcoin is legalized in your country but Bitcoin takes a long time to be used as a payment tool in the community because there are still many people who don't understand it. So, cash will always be needed to meet daily needs. 
Actually, I can't use crypto in my country.Because It's already banned and anyone using bitcoin will be sent to jail.So, I had to convert crypto to fiat first and then only I can use it.I heard in some Countries bitcoin is available for payment or shopping but in my country we can't take advantage of that.
If Bitcoin is banned in your country, then how are you going to convert your coins to cash? There is no 100% anonymous method for doing this, unless you trust someone to exchange physical cash for Bitcoin (and even that method is extremely risky).
It is possible to survive without cash nowadays, as even in the third world nations credit cards and mobile wallets are getting very popular. However, the lack of anonymity is one of the issues when you go for these modes of payment.
You know, still, most people ( and this is simply statistics) live in the villages, far from banks and large supermarkets. They cannot use credit cards and cryptocurrency. They use cash only.
The answer is very clear. Most people use cash or.fiat money during transaction. Besides, there is no hassle in it for fiat money has a stablized market and not that highly volatile compared to cryptocurrency. If your project wishes to apply using your crypto basis then that would take sometim besides cryptoxcurency is not widely adapted to most of the countries around the world. There are still issues needed to solve from the conflict of the government in its regulation to all system that includes cryptocurrency.
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Cash is universal and therefore is so popular, I myself use it in about 50% of payment cases, which is quite often by my standards.
Aside the popularity of fiat currency and the government legality of it the world still need fiat currency for everyday activities but the inclusion of crypto currency may be added to make it all better cause the purpose of crypto is financial freedom and the correction of the mistake made by the institutions. This is why the Greece failed when they want to ignore fiat and make all their activities base on the internet.
certainly because the cash has become my daily need for payment instruments. and until when I will use the currency even though there is a new currency that is easy to use in the form of digital
Of course, I use money every day. But as soon as my government legitimize bitcoin, then I will use it with pleasure. It seems to me that this will be so soon.
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