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Topic: Do you need cash for everyday use? - page 18. (Read 2990 times)

hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
March 26, 2019, 12:57:18 AM
Life without cash is impossible for now because some people are not yet aware of the crypto world. Cash will still be the primary payment tool to meet daily needs. Shifting cash with crypto will be very difficult because the infrastructure is not ready in some countries, including in my country and most people cannot access it.
yeah, you're right. cash will always be used for now, because we know that not entirely people are aware of crypto, and not all people know what the real function is. besides, cash has been around for a long time, and it's difficult to remove.
sr. member
Activity: 1330
Merit: 326
March 25, 2019, 11:59:54 PM
At the moment, I still use cash to buy my daily necessities, as far as i know, here in the country where I belong is a bit of user know how to use and how to have cryptocurrency, that's the reason why cash is still my primary payment methods to buy my daily needs.
member
Activity: 490
Merit: 10
freelanex.io
March 25, 2019, 06:03:34 PM
Life without cash is impossible for now because some people are not yet aware of the crypto world. Cash will still be the primary payment tool to meet daily needs. Shifting cash with crypto will be very difficult because the infrastructure is not ready in some countries, including in my country and most people cannot access it.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
March 25, 2019, 04:08:39 PM
We are working on Golden Currency project, 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 understood your project but my doubt is, how you are going to deal with the regulation when it comes to paper currency and i am not sure any country will allow someone to distribute a paper currency to trade which is not backed by any government, it is true that cash or change is needed for every day use but we will use card in major shopping centers and not on local shops all the time.
full member
Activity: 816
Merit: 133
March 25, 2019, 12:10:25 PM
Practically and realistically speaking, it's indeed needed for me to use cash everyday. Given the fact that Fiat is still primary way or source of payment system used by the majority. Especially for personal use, though, there are time that I maximized the used of my Bitcoin by paying Bills especially when I have no time to go to a nearby Bill payment center. Though for the meantime that's the only time when I used my Bitcoin, but, Most likely I wouldn't want to limit it there.
member
Activity: 171
Merit: 10
March 25, 2019, 11:56:41 AM
Cash is already there. I think that the world is moving in the direction when there is no paper money left at all.
jr. member
Activity: 448
Merit: 2
March 25, 2019, 09:00:39 AM
Actually YES,I used crypto then convert into fiat..because cryptocurrency like bitcoin is not acceptable for all..in short bitcoin is not popular to used.... Unlike cash we used it even a small thing..bitcoin is good but no cash,is a worst thing.Smiley

Indeed, we cannot live without cash in our everyday lives.  We need this fiat for everyday expenses like transportation, foods especially when we are buying at the local wet market.  Eventhough crypto-enthusiast people are trying hard to spread the usage of cryptocurrency,  ordinary people are not yet ready especially merchants to implement cryptopayment since they still have doubts regarding this system and worst, they are actually ignorant about cryptocurrency.
Yeah truth! Even the people lives far from the city which is no electric supply... They don't know what is blockchain.or digital money.. What happen to them if ever no fiat at all?Smiley pity ..Sad Sad Sad
full member
Activity: 980
Merit: 114
March 25, 2019, 08:43:03 AM
certainly because in my country there are still few who know cryptocurrencies so that many people use paper currency instead of using cryptocurrencies for payment instruments
So you people need to spread awareness about crypto currency as those who are using it having benefit and earning better as compare to the one who only use money and buy goods, it is very important act you can do for your nation as time passing we are getting into digital age so better make people aware and tell them about uncountable advantages of crypto currency.

Of course they don't know crypto, even many of them still rarely use digital currency made by banks like credit cards. For this era cash is still very much needed, I also admit that every day I use cash to pay, at least we have to wait for the next generation to see digital currency as the main currency
You are right because the banking system still make use of cash and that is what it normal in the society it hard before you will see a shop no matter how digitalized it is still accept cash as means of payments.
hero member
Activity: 1148
Merit: 504
March 25, 2019, 06:35:18 AM
certainly because in my country there are still few who know cryptocurrencies so that many people use paper currency instead of using cryptocurrencies for payment instruments
So you people need to spread awareness about crypto currency as those who are using it having benefit and earning better as compare to the one who only use money and buy goods, it is very important act you can do for your nation as time passing we are getting into digital age so better make people aware and tell them about uncountable advantages of crypto currency.

Of course they don't know crypto, even many of them still rarely use digital currency made by banks like credit cards. For this era cash is still very much needed, I also admit that every day I use cash to pay, at least we have to wait for the next generation to see digital currency as the main currency
member
Activity: 980
Merit: 62
March 25, 2019, 04:02:27 AM
of course most people here need cash for daily activities. because in daily activities we cannot be separated from the name of cash. because that includes our staple food. both for buying and selling transactions and others.

It depends on the country that you live at.
There are some developed countries that they have already established electronic systems for payments because there want to vanish cash for better expenditure controlling.
jr. member
Activity: 368
Merit: 2
March 25, 2019, 03:49:01 AM
Money has evolved over the years, we are almost getting to the era where the cashless system is taking over the world of finances. As technology advances, we would surely get to the point where people would appreciate the digital era of money spending so gradually fiat currency would fade out.
full member
Activity: 476
Merit: 100
March 24, 2019, 02:59:04 PM
certainly because in my country there are still few who know cryptocurrencies so that many people use paper currency instead of using cryptocurrencies for payment instruments
So you people need to spread awareness about crypto currency as those who are using it having benefit and earning better as compare to the one who only use money and buy goods, it is very important act you can do for your nation as time passing we are getting into digital age so better make people aware and tell them about uncountable advantages of crypto currency.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
March 24, 2019, 01:56:50 PM
It happens that I live one full month using cash only, and I'll live this way forever. I won't use my cards nor BTC simply because I don't want my payments to be recorded anywhere. It would be just stupid to store in a blockchain, or a database anywhere, all my payments at grocery stores.
legendary
Activity: 1302
Merit: 1037
March 24, 2019, 01:39:52 PM
Without cash we cannot do anything against in this world so the country is depend upon the money and the situation of market so the digital currencies are developing little by little when it comes to filled with 100% trust then only people will made them life without the normal cash.
I don’t know how those who live in a cashless world cope with it, like how do they live their lives on transfers always. I can’t deal, maybe I’ll get used to it when I find myself in a developed country where they have pure cashless policy. But, for now I do basically everything with cash. There are few times I do transfers using debit card but it’s more of cash transactions.

Vendors that sell items less than $10 will not even accept transfer and even transport systems, and this are the major areas I spend money.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
March 23, 2019, 02:45:09 PM
In fact if cash is used a lot, because most economies are based on it, it is very difficult to adopt positions where it is replaced by cryptographic money.

According to the economist Jose Toro Hardi, the cash is much more solid and has enough support, both in governments and in banking, however for the traditional economy the money in Crypto represents a lot of risk due to the high volatility, for not having a high liquidity support as the cash has.

Personally, I think the best thing is to use both ways to boost the economy, since the transactions in Crypto are fast and safe, totally incorruptible but the FIAT money is also very necessary.
bce
sr. member
Activity: 756
Merit: 250
March 23, 2019, 11:49:01 AM
of course most people here need cash for daily activities. because in daily activities we cannot be separated from the name of cash. because that includes our staple food. both for buying and selling transactions and others.
full member
Activity: 1292
Merit: 101
Vave.com
March 23, 2019, 10:22:18 AM
This site is looking good .If we can use easily crypto into cash and also cash into crypto it will be great for us .I really need such site .However i almost don't use cash .Depend on bank as well as crypto transaction .Its really something good if we use it globally.
hero member
Activity: 1260
Merit: 524
March 23, 2019, 10:18:19 AM
certainly because in my country there are still few who know cryptocurrencies so that many people use paper currency instead of using cryptocurrencies for payment instruments

It will really take time before people will be able to use fully Bitcoin in our country. Not all of the people here can use the technology available here. Another thing is that we are living in a province and those technologies are not that developed. Crypto currency are still new in our country and even if the government legalized the use of it, some still use it maybe because of the fact that a lot of people are scammed and Bitcoin is the one being blamed for that.

Not sure from what country you're from but I have the same problem with my country. Most people think of bitcoin as scam as what the bias news are showing. They call it the bitcoin scam but they just need a few lessons for them to understand how bitcoin works. I envy countries that have fully utilize the blockchain technology already as they are taking all the benefits first before it becomes a norm to use it.

If i am not wrong you both are from Asian Country as i am also from Asia only and know that 90% of them dont think that bitcoin or cryptocurrency will be going long way and even government have ban or restricted usage of it. So development is very low.
member
Activity: 700
Merit: 14
March 23, 2019, 10:06:40 AM
certainly because in my country there are still few who know cryptocurrencies so that many people use paper currency instead of using cryptocurrencies for payment instruments

It will really take time before people will be able to use fully Bitcoin in our country. Not all of the people here can use the technology available here. Another thing is that we are living in a province and those technologies are not that developed. Crypto currency are still new in our country and even if the government legalized the use of it, some still use it maybe because of the fact that a lot of people are scammed and Bitcoin is the one being blamed for that.

Not sure from what country you're from but I have the same problem with my country. Most people think of bitcoin as scam as what the bias news are showing. They call it the bitcoin scam but they just need a few lessons for them to understand how bitcoin works. I envy countries that have fully utilize the blockchain technology already as they are taking all the benefits first before it becomes a norm to use it.
sr. member
Activity: 1638
Merit: 300
March 23, 2019, 10:01:39 AM
certainly because in my country there are still few who know cryptocurrencies so that many people use paper currency instead of using cryptocurrencies for payment instruments

It will really take time before people will be able to use fully Bitcoin in our country. Not all of the people here can use the technology available here. Another thing is that we are living in a province and those technologies are not that developed. Crypto currency are still new in our country and even if the government legalized the use of it, some still use it maybe because of the fact that a lot of people are scammed and Bitcoin is the one being blamed for that.
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