Topic: Do you need cash for everyday use? - page 22. (Read 2988 times)
The usage of both currencies that is the faint paper money and the cryptocurrency can not be over look how ever the market response to them differently because of their accessibility by the general public. So both faint and crypto are used interchangeably.
Fiat is the most important of all transaction tools because it has been used for a long time so that to go to a new step it is very difficult to require consideration and arrangement of each field, it is not easy to change the system all but can happen with a very long time, I don't think fiat will be replaced with crypto, the most contrasting is that when fiat and crypto go together with each other through their respective shortcomings, most people around the world use fiat as a legitimate payment tool.
i using cash everyday for every transaction, but sometimes i use virtual to make transaction, because they have that service. so the point is, are they have that service? when they have that service, im sure some people that use virtual money or crypto will use it. and its not just cash or virtual, but how much people know about it.
Although crypto is developing quite well, it is not yet time for electronic money to be put into liquidity. It takes a long time for people to understand more about crypto and then there will be users to it.
crypto and blockchain have a huge knowledge base and require its users to understand it a lot.
crypto and blockchain have a huge knowledge base and require its users to understand it a lot.
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, in fact, we still have to use cash as a legitimate transaction tool in various countries. but it depends on the needs. Sometimes digital money is also needed if the transaction is in large amounts considering the risk when bringing large amounts of cash.
If by 'cash' you mean paper money and coins, then yes I use mostly cash. If I don't have cash on hand, then I use a debit card and have not yet used my phone to pay for anything. Just as an aside, I've been in blackout situations where there's no power in stores and they can't take any electronic payments, and those experiences have taught me to always keep some cash around. You just never know when that's going to occur, and it's happened to me enough times that I'm expecting at least one more blackout in my lifetime.
As far as alternative payments go, I've used bitcoin for online items when I've been out of money but I don't like to spend it and think of it more as an investment than a currency. I'm not sure if making something physical out of such a thing would increase adoption or not, and in fact I don't think it would. People are more than happy to use fiat.
As far as alternative payments go, I've used bitcoin for online items when I've been out of money but I don't like to spend it and think of it more as an investment than a currency. I'm not sure if making something physical out of such a thing would increase adoption or not, and in fact I don't think it would. People are more than happy to use fiat.
I and everyone around me use daily cash and plastic card for living their daily life like normal people. Whenever we want to visit special shops or restaurants only me is asking about the possibility to pay with bitcoin. Alternatives take time to get accepted by others.
if that is certainly because in my country there are still many traders or shops that still accept cash payments, so cash is very important for me to make payments
as long as the mass adoption of cryptos isnt done, you have no chance to live without cash. we have a long way to go, thank god so many companies are developing and moving the crypto adoption forward. 
i'm excited what the next years will bring. i guess some countries are full of crypto acceptance and some others are still on the same level as before.
i'm excited what the next years will bring. i guess some countries are full of crypto acceptance and some others are still on the same level as before. 
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.
More the question is - can we live without cash?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.
I think we can if we are full stock in our home, so we don't need to buy something. But it's almost impossible because if we are lived in the big city, we really need cash to buy something even if it just 1 cent. But if we can use crypto and there are many available offline stores in around us, I think we don't need to cash because we can directly use that crypto to buy whatever we want.
Still needing, but in some cases digital payments have been received, in my country it is actually developing with a transition to digital payments, but indeed it requires a process and also can't be fast
Yes some country are now accepting digital money as payment like in my country you can use bitcoin as mode of payment in buying load, gasoline and payment in expenses.
But having fiat is important for daily basis not all are accepting digital money especially if you only buy a small amount.
Still needing, but in some cases digital payments have been received, in my country it is actually developing with a transition to digital payments, but indeed it requires a process and also can't be fast
In grown countries we can see people using digital payments than hard cash. The same cannot be seen all around the world. In reality people from third world countries prefer hard cash for their needs than digital payments. When we take cryptocurrency into digital payments, we're far from usage. It needs to travel long, at present the usage level of bitcoin around is very low in comparison to fiat.
Of course the answer will be different in each country right? because a country's economy also affects, if you are in a developed country like Europe or the US, of course you will often see people using digital payments like credit cards. but in poor countries, for example in market/supermarket transactions, of course you will see many people using cash
In grown countries we can see people using digital payments than hard cash. The same cannot be seen all around the world. In reality people from third world countries prefer hard cash for their needs than digital payments. When we take cryptocurrency into digital payments, we're far from usage. It needs to travel long, at present the usage level of bitcoin around is very low in comparison to fiat.
Of course the answer will be different in each country right? because a country's economy also affects, if you are in a developed country like Europe or the US, of course you will often see people using digital payments like credit cards. but in poor countries, for example in market/supermarket transactions, of course you will see many people using cash
There is a bigger debate coming for this fiat vs cryptocurrency whether we have to use fiat or crypto but the answer is not yet certain since most of these countries don't recognize cryptocurrency as a legit digital asset. That's why we have to use both fiat and cryptocurrency in a way that the shops accept it but most of us tend to use cash since there is a limitation of using crypto in every place.
Most of the purchases and transactions I make everyday are done by cash, the rest: coffee, sandwich and other mini items that I need to acquire quickly are done through digital payments (debit cards mostly). I still find cash convenient in some cases, especially in the public marketplace where only a handful are accepting digital payments since the market is for the townspeople and commoners like me. But if I am given the chance to pay using crypto or through my debit card, I'd go for those options as they are pretty convenient and transactions are processed almost instantly without having to wait for change, especially in the mornings.
I currently live in the Philippines, btw, if you're going to ask.
I currently live in the Philippines, btw, if you're going to ask.
We do all prefer to have a convenient living and i cant really see the reason why would people dont need cash on everyday use.We have been using this system since we are born or the time we do
already make transactions on our own either on physical money to digital transactions.It isnt really bad to consider about crypto payments but these system do have still long way to go or
i dont really believe that it can vanish cash.
Most of the purchases and transactions I make everyday are done by cash, the rest: coffee, sandwich and other mini items that I need to acquire quickly are done through digital payments (debit cards mostly). I still find cash convenient in some cases, especially in the public marketplace where only a handful are accepting digital payments since the market is for the townspeople and commoners like me. But if I am given the chance to pay using crypto or through my debit card, I'd go for those options as they are pretty convenient and transactions are processed almost instantly without having to wait for change, especially in the mornings.
I currently live in the Philippines, btw, if you're going to ask.
I currently live in the Philippines, btw, if you're going to ask.
I can't do it without cash, even if i not buy something everyday i need cash every week, i buy food with cash and here is not possible at least not so soon to use a crypto coin for shoping.
Can you really use only cryptocurrencies or fiat without cash form in everyday life?
For the current state of my country, i cannot use cryptocurrency almost all of the time. We still dont have any technology that can support a fully non fiat payment system although we are a free country that can use cryptocurrency as we want. The least we can do now is to buy load and pay bills using crypto through an app.
Where are you from?
For now in my country no physical store accepts bitcoin as a payments option officially, although few smaller shops own by cryptocurrency enthusiast do accept bitcoin and some other altcoin as a payment option. When it comes to online transaction I rarely use fiat related service providers, the only time I use fiat currency is when I'm dealing with banking transactions. In shopping online, I only used cryptocurrency related service providers. so I would say for my everything activities, I still use cash (but will love to stop if the opportunity presents itself) and when it comes to online transaction I don't use cash (fiat)
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