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Topic: Do you need cash for everyday use? - page 19. (Read 2988 times)

jr. member
Activity: 224
Merit: 3
March 23, 2019, 08:24:27 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
I think most countries are using cash every day, from buying goods to the smallest payments, everyone uses cash, very few people use other payment methods because this is the fastest and most direct method for people to trade with each other, they don't need too much time to wait for confirmation. Cash has been an indispensable part of everyday life, even when other payment methods become popular and better, people will still maintain cash use, nothing can replace
hero member
Activity: 784
Merit: 502
March 23, 2019, 08:22:23 AM
Everyone need cash (fiat money) to spend on everyday expenses,and the crypto currencies has been only tradeable at the moment not payable at my country just like most of the other places.I really don't want to spend cryptos by now since I believe the price could be very huge in next 5 years.
hero member
Activity: 2604
Merit: 816
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March 23, 2019, 07:03:37 AM
I think in all country, cash still needed although in the modern and big country, people trying to move from cash into a card to pay something. But still, cash is the important thing that we should have so we can buy many things. Without cash, we cannot fill our daily needs, and we cannot save to have more money although it is not much if we save it in the banks.

I need cash for my living and to pay my expenses as other people did.
sr. member
Activity: 994
Merit: 251
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March 23, 2019, 06:17:47 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
full member
Activity: 490
Merit: 134
March 23, 2019, 06:02:07 AM
#99
It will depend from the situation you are into. If something requires cash you will probably use cash if not you will pay with credit card or mobile device if possible. Most of stores offer payment with credit card or mobile devices but there are cases that you will need to pay with cash. So probably you will need to have some amount of cash all the time.
member
Activity: 1204
Merit: 38
March 23, 2019, 05:31:35 AM
#98
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 definitely it is all about money when we are living in this world I definitely need some currency to live our life more peaceful but there is almost cryptocurrencies are made some changes in this field of making money very simply and the payments are also be different for this situation so accepting this will be the good idea for the future.
sr. member
Activity: 882
Merit: 250
March 23, 2019, 05:08:50 AM
#97
I need cash every day because I use it for my daily transaction, almost many transaction for buying and selling always use cash money and I think is most important needed in our daily activities.
at this moment we could not ignore cash money in our daily transaction.digital currency or even cryptocurrency not applied yet in any merchants , so we still have limitation on it.
member
Activity: 546
Merit: 32
March 23, 2019, 04:21:18 AM
#96
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.
sr. member
Activity: 1492
Merit: 269
March 22, 2019, 11:52:16 PM
#95
I need cash every day because I use it for my daily transaction, almost many transaction for buying and selling always use cash money and I think is most important needed in our daily activities.
sr. member
Activity: 2380
Merit: 366
March 22, 2019, 10:44:38 PM
#94
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 do use cash on a daily basis. The majority of us do. The poll clearly says that. But even so, I am not sure whether the people here will agree with your plan. I have reservations as to your plans. Yes, we are using cash. But it is because it is the current mainstream mode of payment. We have no choice but to use what the majority of the people and businesses use. We want that wiped out actually and replaced with digital currency. However, it will take time. And so we have to use cash alongside crypto for the meantime.
sr. member
Activity: 994
Merit: 302
March 22, 2019, 10:38:28 PM
#93
We do all our purchases using credit card - which we pay for with cash. Cash is king where I live. Though sometimes I use bitcoin to pay utilities, it's mostly just for convenience. If I can I pay them some other way.

I haven't opened the link for Golden Currency but is it some sort of lending service?
sr. member
Activity: 798
Merit: 251
March 22, 2019, 05:40:30 PM
#92
yes of course, cash in my opinion is needed by everyone. because cash is our country's currency and that currency will be used for any transaction.
legendary
Activity: 1596
Merit: 1034
March 22, 2019, 03:18:37 PM
#91
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.

There are a lot of barriers you need to break if you are implementing a cash-less society wherein we utilize cryptocurrency as the main medium of exchange. Remember that due to economic discrepancies between developed and underdeveloped countries, people in the latter do not have equal access to such. In addition, being a volatile currency can have detrimental effects in the economy.

For now, cash would always be the universal medium of exchange among people. Having a universal medium which its value being backed depending upon the gold reserves, this prevents inflation from happening.


However, cash will be the main transaction tool because we cannot just change the way everyone deals to move into a digital form, especially cryptocurrency and I think cash will never be replaced so digital money is just another option for making various transactions.
hero member
Activity: 2268
Merit: 789
March 22, 2019, 03:05:33 PM
#90
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.

There are a lot of barriers you need to break if you are implementing a cash-less society wherein we utilize cryptocurrency as the main medium of exchange. Remember that due to economic discrepancies between developed and underdeveloped countries, people in the latter do not have equal access to such. In addition, being a volatile currency can have detrimental effects in the economy.

For now, cash would always be the universal medium of exchange among people. Having a universal medium which its value being backed depending upon the gold reserves, this prevents inflation from happening.

legendary
Activity: 2100
Merit: 1058
March 22, 2019, 02:45:52 PM
#89
As of the moment, in my country cryptocurrency was only an options as an extra income or sideline job. It is very seldom for the merchants here   who are accepting it a mode of payment and if ever there is they've only accept Bitcoin or Ethereum only. Unlike in the other country they are very open and crypto was regulated already like in Japan.
In my country you're not going to see a single person that accepts cryptocurrency as a mode of payment, except those who buy and sell it, but those people can only be found online. Every business here accepts cash and bigger businesses accepts mobile transfer and card payments. So I can't go a day without spending cash, every single day I will always need cash.

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.
I'm not understanding what you're saying here… Do You mean you're creating a cryptocureency that will be available both digitally and physically? That's probably a waste of time. Not even Bitcoin can be accepted offline not to talk of any other currency that is an altcoin. Majority prefers fiat and even those of them you see here hyping crypto are still livers if fiat and they are just here for the fact they think they can make money. None of them can go a day without using cash.
hero member
Activity: 1666
Merit: 629
March 22, 2019, 02:01:38 PM
#88
Yes, I use cash in every area of our lives and every second. This applies only to all people who do not apply to me. Nowadays, cash money has become so strong in our lives that I do not believe that no one claims to use cash. Everybody is definitely using cash a few times, not once in a day. For example, as an individual example, I use cash in almost every area of my life and on a daily basis. Especially because of my job, I cannot deny that the use of cash money has become an important part of my life.
legendary
Activity: 1288
Merit: 1036
March 22, 2019, 01:06:35 PM
#87
for purchasing needs in a small shop, and sometimes only with a small amount, I always use cash. if it's possible to pay for crypto, I think it's easier.
It is actually lot easier using crypto currency as payment because it’s faster and safer. One does not have to go through the stress of visiting bank to deposit money into the credit card if we are to go by the option of POS or visiting ATM/ Bank if the option we have is to hold cash to pay for such item.

The stress involved in even opening an account alone is something very discouraging, lots of verification, proof in saving money and depositing money. Though cash will still be useful in some cases where you are having such transaction with someone who has no knowledge of POS payment talk less of cryptocurrency.
legendary
Activity: 2492
Merit: 1215
March 22, 2019, 11:04:48 AM
#86
of course, because the cash has become a daily necessity for making payments, and even when the cash will never die and will always be used everyday

I can do my daily expenses with card only. I've started to use card move often when contactless payment systems came out.

How do you then make transactions that are less than $10 or $5 ? The use of cards is convenient that is certain but some smaller pickups still make one susceptible to using of cash.

Almost every 3-4 hours. Morning coffee at the petrol station, lunch, some drink from vending machine, grab smth on the way home to eat while driving.
copper member
Activity: 1050
Merit: 500
March 22, 2019, 07:39:01 AM
#85
At the current adoption of cryptocurrency, it is very rare to see establishment, especially in my country, that accepts crypto payment.  All shopping malls require either an ATM card, Visa or credit cards if we do not have cash in hand, in order for us to purchase goods.  So, yes I need cash for everyday use. 
sr. member
Activity: 840
Merit: 252
March 22, 2019, 07:33:45 AM
#84
I always use cash when doing transaction offline but I consider cryptocurrency in the near future to use for payment in everything online. I guess it is more convenient than using credit card because credit card will only make you buried in debt if you have limited resources to pay your debt. However, There is still a need for mass adoption of cryptocurrency to enjoy and see cashless society.
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