Do you need cash for everyday use? - page 9.

alyssa85

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Quote from: Ezenwanyi on April 28, 2019, 09:21:20 AM

I am yet to see a market place that accepts cryptocurrency in exchange for the purchase of goods and services.
So making cash available for users who one way or the other wants to purchase with their Digital assets direct is a welcomed development.
I think it would encourage user participation.

Here you go: Open Bazaar

https://openbazaar.org/

It's like an amazon marketplace but you pay for everything with cryptocurrency. They accept bitcoin, bitcoincash, zcash and litecoin:

https://openbazaar.org/blog/how-to-spend-bitcoin-and-other-cryptocurrencies-on-openbazaar/

Marketplaces like that would grow if people used them. Unfortunately everyone is of the mindset that they should convert to cash and shop in the traditional manner.

Muzika

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Since we dont have a chance to do cashless transaction in every moment we are urge to use cash we are too far from having a cashless transaction because most of the time people dont have a good knowledge about cryptocurrency, even though our cashless transaction already happening thru debit and credit cards still it requires fiat to move.

Coin-Desk

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Yes, I need cash for my daily use. Yes, Cryptocurrency is now a very popular exchange system, but the crypto currency in the offline exchange system has not yet become a complete exchange arrangement. Cash for our daily use is an essential element without which we can not move. Because the Cryptocurrency on our finances has not yet become important as cash. So cash requirements are very important for our everyday use.

mornabo

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Quote from: Sanitough on April 21, 2019, 09:59:15 PM

Quote from: 1BTC EQUALS 1CAR on April 21, 2019, 08:29:27 PM

As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

I don't if that will happen, at least I can admit that I don't see the future, bitcoin could fail or succeed, but me I'm betting on the success of it.
I just hope that time will come the government can fully regulate crypto that will satisfy users as that's the only way it will gain massive adoption.
Too early now, at this early stage it's good to take advantage to invest and take a percent of the total supply, who knows it gives fortune to us.

We dont use cash in the future, that doesn't mean we will use cryptocurrency in the future right. I am also sure that cash will be obsolete because even now many people have left cash for payment. but of course the government will definitely launch digital payment, and that will close the possibility for crypto to become the mainchoice for payment in the future

TianaStam

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Why there is no any balanced choice to vote?
I use both, cash and payment by card all the time. You see, there is no any big or small supermarket near to my house, so I pay with cash in those small shop that we have near by, they do not work with cards still. But when I go to town I pay by card in the most of cases. This way seems much easier to me and I would like to move on that totally.

Netnox

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One of the reasons why I use physical cash is due to its anonymity. Even Bitcoins are not as anonymous as banknotes and coins. Once you transfer the physical cash, it is impossible for the authorities to track them back to you. So whenever I need to make some anonymous purchases, I use physical cash instead of paypal or credit card.

TheCoinGrabber

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I would say we still use cash pretty often since many establishments only accept that or credit. We do spend a lot via credit card though. Our monthly groceries are paid for entirely on credit. We don't get charged interest anyway so the only thing we need to worry about is having to pay on time and paying the annual membership fee.

Quote from: igorc on March 19, 2019, 04:28:22 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.

Crypto in cash form means you accumulate your funds in crypto and then just have them converted to fiat if that's what the loaner needs right?

Findingnemo

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Bitcoin = Financial freedom

I need cash to survive my daily life,even in the digital form of fiat money is not enough just hard cash needed for most of my daily payments and for monthly expenses like rents,dues and much more through bank transactions.

Ezenwanyi

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Activity: 336

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I am yet to see a market place that accepts cryptocurrency in exchange for the purchase of goods and services.
So making cash available for users who one way or the other wants to purchase with their Digital assets direct is a welcomed development.
I think it would encourage user participation.

meliodas

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Quote from: Sanitough on April 21, 2019, 09:59:15 PM

Quote from: 1BTC EQUALS 1CAR on April 21, 2019, 08:29:27 PM

As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

I don't if that will happen, at least I can admit that I don't see the future, bitcoin could fail or succeed, but me I'm betting on the success of it.
I just hope that time will come the government can fully regulate crypto that will satisfy users as that's the only way it will gain massive adoption.
Too early now, at this early stage it's good to take advantage to invest and take a percent of the total supply, who knows it gives fortune to us.

Bitcoin will succeed in the future because of the technology behind it. I saw a picture in the internet that shows that a lot of big companies are exploring the wonders of blockchain technology and if that is true then it means that we should not worry about the future of bitcoin because the big companies are now getting into bitcoin to support it.

Sanitough

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Quote from: 1BTC EQUALS 1CAR on April 21, 2019, 08:29:27 PM

As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

I don't if that will happen, at least I can admit that I don't see the future, bitcoin could fail or succeed, but me I'm betting on the success of it.
I just hope that time will come the government can fully regulate crypto that will satisfy users as that's the only way it will gain massive adoption.
Too early now, at this early stage it's good to take advantage to invest and take a percent of the total supply, who knows it gives fortune to us.

1BTC EQUALS 1CAR

full member

Activity: 602

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As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.

lijian2019

copper member

Activity: 445

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In daily life almost no cash payment, the large amount is paid by mobile bank, small amount of consumption is paid by Alipay or WeChat, feeling very convenient.

Sithara007

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Quote from: 3x2 on April 21, 2019, 04:51:34 AM

Yeah man, i really need cash for every day to day work. I find crypto as a investment but it gets harder for me to spend it in my country though there is no regulation on it here. The thing is that very few people are aware of crypto here and most deny accepting it fearing that what it will give return if the market collapse.

It is still very difficult to make direct payments using crypto-currency. The most viable method is to get a pre-paid debit card, which can be loaded with Bitcoins. There are several of them available, and the charges and transaction fees can very depending on the issuing bank. These cards are accepted wherever credit cards are allowed.

fasdorcas

hero member

Activity: 798

Merit: 527

Quote from: Russlenat on April 19, 2019, 11:46:23 PM

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.

Lol, if 20% of what you have can fit in your wallet, then that means you don’t really have much. I go around with cash and the cash in my wallet is just about less than 1% or so of what is in my bank account. I also have bitcoin but I have never made use of bitcoin is buying anything online. Only thing I have done with bitcoin is sending it to someone and trading it online and nothing else. Lots of things I do I always need cash for it, so cash is very important to me.

If you ask me, I will say I need cash more than I need bitcoin. The only reason I’m into bitcoin is because I want to make money and that’s it, whenever I stop to benefit from it, I might as well quit making use of it. Where I live you will never see anyone talking about cryptocurrency, not to talk of making use of it. Whenever I want to buy something I need I make use of cash in buying them, and if It’s in a supermarket, I can make use of their POS to make payment, and some even accept mobile transfer.

syamster

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Quote from: Zooplus on April 21, 2019, 08:17:52 AM

Quote from: maianh09 on April 21, 2019, 07:33:46 AM

There are now many online cash payment platforms developed by central banks. Banks can solve most of the customers' needs: online payment and cash replacement. Your development team needs to be able to offer advantages to attract users and be aware that many areas do not accept Crypto.

The problem with that platform is that it's expensive and not fast.
Crypto answers that weakness and it's more transparent since we are using a decentralized system which is clearly transparent.

Well you are right to some extent but you need to visit the recent price of the market which is quite low, we can afford it easily, having bitcoin needs to be transparent because if you will have it in your wallet to store for long term it will use private key, you should not share it so there will be no problem for storing, it will increase making profit.

bettercrypto

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Quote from: igorc on March 19, 2019, 04:28:22 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.

Well, it depends upon the perspective of the person in money. In my case, I do not need it because in reality, I can't eat the money. It may be a worth full thing in this world but it may not be usable all the time. Yes, money has the power to control people and in fact, it can be used to buy things that you want. However, if we abuse the use of money, it may harm ourselves specially, when it comes in our own behavior.

aioc

hero member

Activity: 2926

Merit: 567

cryptocurrency is not yet reached mainstream here in our country, I can only use cryptocurrency to pay my electricity and internet connection, and I'm using cash a lot to all my offline transactions, I know that one-day Cryptocurrency will be used by a lot of stores and shops in the future but right now fiat is my priority to use.

Zooplus

legendary

Activity: 1106

Merit: 1000

Quote from: maianh09 on April 21, 2019, 07:33:46 AM

There are now many online cash payment platforms developed by central banks. Banks can solve most of the customers' needs: online payment and cash replacement. Your development team needs to be able to offer advantages to attract users and be aware that many areas do not accept Crypto.

The problem with that platform is that it's expensive and not fast.
Crypto answers that weakness and it's more transparent since we are using a decentralized system which is clearly transparent.

maianh09

full member

Activity: 672

Merit: 100

There are now many online cash payment platforms developed by central banks. Banks can solve most of the customers' needs: online payment and cash replacement. Your development team needs to be able to offer advantages to attract users and be aware that many areas do not accept Crypto.

Topic: Do you need cash for everyday use? - page 9. (Read 2960 times)