Pages:
Author

Topic: Do you need cash for everyday use? - page 16. (Read 2990 times)

full member
Activity: 296
Merit: 100
April 01, 2019, 01:34:39 PM
Obviously we need the cash since most of the places don't have option to pay with crypto currencies,but I would like to spend the crypto currencies and hope those days are not too far.
The cashless payment doesn't mean the cryptocurrency alone, it also includes the common payments through cards and other form of using e-wallets for everyday use. Some part of the world has begun to go almost on cashless payments, but even now there exist countries and people who haven't used anything other than cash. Possibly cryptocurrency as payment will take time to reach all levels of people.
full member
Activity: 1498
Merit: 146
April 01, 2019, 01:23:54 PM
Obviously we need the cash since most of the places don't have option to pay with crypto currencies,but I would like to spend the crypto currencies and hope those days are not too far.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
April 01, 2019, 11:32:14 AM
Yes, I use cash most of the time. Not for shopping but for eating out and buying the odd drink in shops. There are still plenty of places around me that don't take cards.

Instead of cash being 'banned' there'll come a time where most businesses will reject it because of the unwanted hassle. I'll be intrigued to see what the cash heavy businesses do in that scenario.
Even now most of the businesses have got digital payment acceptance as well direct cash acceptance. When this goes as most businesses just accepting cards the usage of cash will decrease, but such scenario won't prevail as there will be some number of people who at any instance won't go using digital payments.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
April 01, 2019, 10:15:13 AM
Yes, I use cash most of the time. Not for shopping but for eating out and buying the odd drink in shops. There are still plenty of places around me that don't take cards.

Instead of cash being 'banned' there'll come a time where most businesses will reject it because of the unwanted hassle. I'll be intrigued to see what the cash heavy businesses do in that scenario.
hero member
Activity: 1778
Merit: 746
April 01, 2019, 09:26:16 AM
Yes in my place i need it for basic needs because everyday we buy foods and the market here doesn't accept crypto as a payment method. We still have a long way to go before we can buy anything using crypto but adoption is gradually increasing and my dream is to use cryptocurrency in anything.
It is common when we use cash every day now. well, right now we even need it for transactions. however, most people have switched to digital transactions, but still there are still so many people who need cash every day
sr. member
Activity: 1736
Merit: 357
Peace be with you!
April 01, 2019, 08:25:58 AM
Live without fiat?
Obviously, for now, it's not possible as mass adoption of cryptocurrency is still in the early stage.
But as time proceeds day by day many will be thinking about accepting cryptocurrency as payment for their business and services by which will be the reason us to live without fiat and start living using cryptocurrency to get our needs.


Definitely. Here in my country, cryptocurrency adoption keeps on rising but that does not mean that we are now using crypto for our daily needs though we can use it to buy or pay goods and services online offered by some local  and international merchants. Fiat is still the usual mode of usage too hard to tell if when we will be totally using crypto as mode of payment for daily basis. One reason people think twice using crypto is it's volatility.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
March 31, 2019, 10:52:12 PM
I am currently residing in India and it will be quite impossible to get by if you don't want to use physical cash. But mobile wallets are getting very popular now. Even auto-rickshaws and street food stalls are now accepting mobile wallets such as PayTM and PhonPe. But I prefer to use physical cash while making smaller payments (such as $0.2 or $0.5).
member
Activity: 882
Merit: 13
March 31, 2019, 10:36:49 PM
Yes in my place i need it for basic needs because everyday we buy foods and the market here doesn't accept crypto as a payment method. We still have a long way to go before we can buy anything using crypto but adoption is gradually increasing and my dream is to use cryptocurrency in anything.
full member
Activity: 910
Merit: 100
March 31, 2019, 01:49:33 PM
For my daily expenses, I mostly use a credit card, sometimes I pay by fiat money. Unfortunately, I can't pay by cryptocurrency some products, services and other daily things, as it doesn't have the necessary acceptance in my country.
hero member
Activity: 1078
Merit: 501
March 31, 2019, 12:32:54 PM
Well, I still need it, maybe digital payments have occurred in developed countries where cash is no longer used too much for transactions, but for new things like my country, it still takes time to change systems that previously existed.

Even in developed countried where they use digital transactions a lot, you still can't take away the importance of cash. You can't find credit card terminals on the streets for small things you have to buy. So the answer to the question is obviously yes and i think that applies to almost all of us.
Agree, we have not yet entered the era of fully digital, there are still some areas in developed countries that are still not covered by credit cards or other forms of online payment, for now we still need cash, especially in developing countries

The day is not so far when everyone will use only digital currency, it is need of the day because we are living busy life, to be honest since long I was waiting for the day where I could get the chance to pay for my expenses without cash, now I don’t need any cash and I can pay my bills, my school fee, I can shop online with crypto so no need to carry the Burdon of cash in my pocket.
sr. member
Activity: 1610
Merit: 406
PredX - AI-Powered Prediction Market
March 31, 2019, 11:05:02 AM
I prefer to use cash. Because when i use credit card or debit card it is hard for me to realize how much i spent that day. And it is kinda dangerous for me.

indeed until now the cash is inseparable from our daily lives. because our daily activities certainly use cash as a means of payment for an item that we have bought. so we can't avoid cash until now.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
March 31, 2019, 09:40:38 AM
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.
yes cash is important for my everything without money my life cannot been fulfilled and I am not considered in this society as like a mad people are thinking without money we can also live but it is not like that without money we cannot move one step in the life so show the cryptocurrency filled the the money place in my life to move on.
hero member
Activity: 1190
Merit: 500
March 31, 2019, 06:48:35 AM
Well, I still need it, maybe digital payments have occurred in developed countries where cash is no longer used too much for transactions, but for new things like my country, it still takes time to change systems that previously existed.

Even in developed countried where they use digital transactions a lot, you still can't take away the importance of cash. You can't find credit card terminals on the streets for small things you have to buy. So the answer to the question is obviously yes and i think that applies to almost all of us.
Agree, we have not yet entered the era of fully digital, there are still some areas in developed countries that are still not covered by credit cards or other forms of online payment, for now we still need cash, especially in developing countries
sr. member
Activity: 1050
Merit: 277
March 31, 2019, 02:39:10 AM
I prefer to use cash. Because when i use credit card or debit card it is hard for me to realize how much i spent that day. And it is kinda dangerous for me.
full member
Activity: 1489
Merit: 150
March 30, 2019, 06:17:30 PM
I cannot completely remove the cash function for my daily needs, even though there is already a modern technology in the form of digital currency (Bitcoin) because every country has a habit of how to transact, in my country cryptocurrency cannot be known to the public so it cannot be use to make real transactions for daily needs
Yes, there are still many countries that have not used payments using Bitcoin, so they really need Fiat money in their daily lives, for example in my country, Indonesia, which still has no payment using Bitcoin in all stores.
sr. member
Activity: 1638
Merit: 300
March 30, 2019, 06:15:17 PM
I use cash and card for payment. It depends on how much money i have as cash. When i do shoping i use either debit or a credit card and pay the bill. Money has become the ultimate stuff now. I can not use crypto currencies as crypto is not yet legalized in my country. Hoping for a good news from my country.

Ultimate stuff? What does that even supposed to mean? Money is the "ultimate stuff", the way you put it, even in the past time. Without money, you don't have the power and the freedom to buy anything that you want. Especially today that technology plays a big role in our lives. We need money in order to survive, some say that we don't need money but time is changing and the future is leading to more developed technology and money will play a big role to it.
sr. member
Activity: 1792
Merit: 264
March 30, 2019, 06:03:43 PM
I cannot completely remove the cash function for my daily needs, even though there is already a modern technology in the form of digital currency (Bitcoin) because every country has a habit of how to transact, in my country cryptocurrency cannot be known to the public so it cannot be use to make real transactions for daily needs
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
March 29, 2019, 05:21:52 PM
I use cash and card for payment. It depends on how much money i have as cash. When i do shoping i use either debit or a credit card and pay the bill. Money has become the ultimate stuff now. I can not use crypto currencies as crypto is not yet legalized in my country. Hoping for a good news from my country.
hero member
Activity: 756
Merit: 500
March 29, 2019, 03:03:26 AM
I use cash, it is basic thing to buy anything. But payment transfer wise i use bitcoin and little bit i use credit cards, so i do all things, so i can't say that i totally use cash or i can't say that i use others ways.
Actually it is depend where you live, everyone do to his environment, and where i live here people mostly use cash. I fell strange thing that someone not using cash. 
indeed some countries have provided legality to the use of cryptocurrency and many places such as restaurants or shops that can accept payments using cryptocurrency, but there are still some countries that cannot accept payments using cryptocurrency so that payments currently using cryptocurrency are still not fully applicable in all countries.
full member
Activity: 966
Merit: 104
March 29, 2019, 01:22:44 AM
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.
I know that the Singaporean company Tangem tried to combine cryptocurrency and cash by issuing its 0.01 and 0.05 bitcoin bills. However, in practice it was quite difficult. Trying to do this will always be and it deserves attention and approval. In the future, the cryptocurrency and cash of the states will inevitably go together inevitably and their joint forms of existence are inevitable, if at all possible.
Pages:
Jump to: