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Topic: Electronic Money vs. Physical Money (Read 9521 times)

member
Activity: 210
Merit: 10
April 11, 2018, 11:35:03 PM
There are many people who are interested in electronic money right now as the crypto industry grows as more and more people know and invest in cryto. This makes the paper money more and lose its value and can turn take in the future.
full member
Activity: 994
Merit: 101
April 11, 2018, 06:53:21 PM
It must be acknowledged that the development of electric money continues to increase so as to make physical money continues to decrease, this certainly makes predictions that estimate physical money immediately disappear.
member
Activity: 280
Merit: 10
April 11, 2018, 05:07:51 PM
Not sure, that I understand correctly, do you mean to invest, or to use? If usage, crypto money is not developed still enough to use it in common life.
full member
Activity: 413
Merit: 100
April 11, 2018, 05:15:05 AM
Actually it's totally different,
even though its name was Cryptocurrency,we can not compare it to actual money aka Fiat.
if we want it to be considered as a 'real currency' we should have a physical form.
right now the best word to describe it is 'Electronic Payment' not 'Electronic Money'.
'Electronic payment' was a tool for people to help them send their money across the world,
it's just a tool and will never replace the real 'money' itself.

Actually sending money across the globe seems to be used by electronic exchange, though it it is money but it runs through electronic so in that case i would be prefer to use electronic exchange than fiat can't do without electronic machines.
legendary
Activity: 1330
Merit: 1003
April 11, 2018, 04:10:05 AM
Electronic money is no doubt the best. With the way the world is going and technology is advancing there is no doubt that soon there will be no use for paper money as everything will be done electronically then. For now there are still a lot of people who do not understand it or how it works which is what is holding back the growth of cryptocurrencies but in time, more and more people will become  a part of it.
legendary
Activity: 1137
Merit: 1000
April 11, 2018, 04:01:44 AM
Electronic Money definitely is the future currency, I foresee some countries will start implementing electronic money with base of bitcoin in next 10 years.
Cryptocurrency is actually the best currency for those who understand its usefulness, how to use it and those who have the information about it.

However, we have to understand that not everybody will have this knowledge, and while some will even have an idea of the electronic money, they will not be comfortable or will even find it hard in adapting to its usage. The two will still always keep serving their purpose.
newbie
Activity: 126
Merit: 0
April 11, 2018, 04:01:07 AM
In my opinion the difference between physical to E-money is in physical money you are sure that it will never pop and blows like a bubble and it will never dump its price unlike E-money and the good one about the E-money is you can pay bills send money easily like sending text massages and E-money is new platform of investment one of that is Bitcoin a very well known E-money or also called as crypto currency.
full member
Activity: 378
Merit: 100
I LOVE ADABS
April 11, 2018, 03:41:35 AM
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

Electronic money and Physical money have pros and cons. Electronic money is a big help to transfer or send funds to your loved ones or to buy online whether is it goods, gadgets or food. But in our daily lives we still need to hold physical money for transportation and other immediate needs because not all the time they are civilized and modern as you.
jr. member
Activity: 196
Merit: 3
Soycoin is the future "stablecoin"
April 11, 2018, 03:29:10 AM
Many are still confused, not knowledgeable even, about bitcoin. I too is still learning about BTC and cryptocurrencies. I think, people need to embrace BTC before they will truly understand the difference between the electronic money from the physical money that we've been using ever since.
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
April 11, 2018, 03:10:09 AM
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

Both currency has pro's and con's depending on where you are planning to use it. The price of bitcoins is very good for long term investment today because the market is volatile and that is the reason why there are a lot of people who prefers trading in the market more than working in the corporate world.
member
Activity: 392
Merit: 10
April 11, 2018, 02:03:50 AM
Until now, cash is still a favorite of people to make transactions, from traditional markets to modern markets.

Both are needed in our lives because with physical money, we can easily pay for the goods, because if we do not have the internet then we can use our physical money to pay for the goods. The difference between electronic money and physical money, want to say that electronic money really depends on the internet, which is also very secure cryptocurrency.
hero member
Activity: 1666
Merit: 502
April 10, 2018, 08:29:37 PM
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley
They are equally valuable, the difference may lie in the regulation, so you can hardly find a place that receives bitcoin as a means of payment, yes indeed for those who do not know bitcoin will be hard to understand but maybe by reading articles and sharing you will know the benefits that only exist on bitcoin.
full member
Activity: 378
Merit: 100
April 10, 2018, 08:05:01 PM
In my opinion, Electronic money are those kind of money which we use digitally and physical money means is the real money which is used hand by hand. According to using purpose electronic money is lot easier than physical money. For buying online stuffs and bank transaction electronic money provide better and faster service than physical money. But those place where no Internet connection present or when Internet goes down then physical money will play role of saviour. You can use electronic money by using different smart phone application or you can also use Atm for Electronic money and in the case of real money Western Union like various way present.
sr. member
Activity: 532
Merit: 250
April 10, 2018, 07:57:45 PM
digital money or we can mention it digital currency could help to resolve phsycal money tranfer.we know that tranfering psycal money needs more time.and we bring in big amount its to risky.so digital help to resolve this problems.
full member
Activity: 364
Merit: 100
April 10, 2018, 07:46:21 PM
First of all, money is something that can be used to pay for goods or repay debts, and these are physical items. The world has been using money in its physical form, and the electronic system was just a way to fasten up and make things easier, so instead of taking money physically from place to place, you can just pay it into the bank and control it electronically. So, I think we need the two types.
member
Activity: 840
Merit: 10
April 10, 2018, 07:42:29 PM
if I think bitcoin is not electronic money, electronic money is called E-money in terms of unnecessary internet network access. This electronic money can be used to transact through telecommunication equipment until in the form of cards.

Electronic money is different with cryptocurrency and thats true. Right now, many digital money but its not cryptocurrency because digital money still controlled by central bank.
member
Activity: 311
Merit: 10
April 10, 2018, 07:37:24 PM
Electronic money demands an internet connection to access it but it is very profitable and has a huge value.
Physical money is the one we are using to transact in everything and does not demand the access of internet but it has a lower value than electronic money, hence no matter what we are using it gives us the WILL to buy everything if we have a lot of money.
full member
Activity: 448
Merit: 107
April 10, 2018, 07:29:44 PM
Actually it's totally different,
even though its name was Cryptocurrency,we can not compare it to actual money aka Fiat.
if we want it to be considered as a 'real currency' we should have a physical form.
right now the best word to describe it is 'Electronic Payment' not 'Electronic Money'.
'Electronic payment' was a tool for people to help them send their money across the world,
it's just a tool and will never replace the real 'money' itself.

Definitely the two was so much different to each other,when we say electronic money or much defined as money store  it is used making transactions by the helped of the internet and it won't demand bank account settlement while physical money from the word physical it can be touch and feel it. Mostly cash used by everybody for buying and paying their bills as we all knew that not all people using the digital or electronic money.
legendary
Activity: 1120
Merit: 1000
April 10, 2018, 06:49:23 PM
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

The different thing between physical money with bitcoin or cryptocurrency is on who control it. As we know, fiat money controlled by central bank, from supply and value but bitcoin is decentralized currency and no one institution can control and have limited supply
The use of electronic money is now increasing, in fact people now like to do shopping throughout the world and that is only possible if you know the use of online currency, for example using bitcoin you can purchase anything in any online shop who are accepting bitcoin. In fact there are a lot of online shops who are accepting bitcoin for shopping in their store so it is more easy to use bitcoin without changing it into any other currency for shopping there. .
sr. member
Activity: 1428
Merit: 251
April 10, 2018, 06:44:01 AM
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

The different thing between physical money with bitcoin or cryptocurrency is on who control it. As we know, fiat money controlled by central bank, from supply and value but bitcoin is decentralized currency and no one institution can control and have limited supply
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