Electronic Money vs. Physical Money - page 10.

btc78

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Quote from: Shendy23 on October 21, 2017, 11:06:22 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

they are not comparable because they have both helpful to the users electronic money is the fastest way to make transactions or pay billings in just a second averything is settled thats the main idea why lots are getting involve in this communitu..

Physical money is being used for most of transaction offline such as payments for daily commodities like foods and transportations,and being used for the most countries that wasn't technologically intact with

Apple Mac

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Quote from: Shendy23 on October 21, 2017, 11:06:22 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

The only things I can see that was an observable trait which is the difference of Electronic money to Physical money is its accessibility, usage, benefit provided and many much more. In terms of accessibility, electronic money are much accessible because it is handy compared to physical that is limited only on the money we have in our physical wallet. In terms of usage, electronic money can be used any time and anywhere you want. In benefits, it is said that electronic money has the much more potential to grow and be beneficial because it can make your money grow in numbers because of its capability and capacity to give profit from your initial holdings.

Dimon888

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Heдaлёк тoт дeнь, кoгдa кoмплeкты фиaтныx дeнeг бyдyт лeжaть пoд cтёклaми в мyзeяx cтpaн в кoтopыx бyдeт pacчётнoй eдиницeй кpиптa и тoлькo кpиптa. Дyмaю чтo я бyдy "cвидeтeлeм" пoдoбнoгo coбытия.

nwahshearthiad

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Electronic money always comes in a handy especially when it will become an international currency, there will no hassle in exchanging currencies for a certain country and you just need to carry a gadget where you can make your transactioms while physical money is more of a hassle, yes there are banks and atm cards and all sorts of cards where you can use to make transactions but it will take some time and effort and sometimes it becomes bothersome.

pogiparin

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Physical money has stigma of assurance to the mass people. Only few people know about bitcoins and we cannot blame those who don't know about it. Honestly, bitcoin has its flaws and its risks make people go away with it. In its current state, bitcoin is really scary and physical money is still the reliable form of money.

ikipiye

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Actually Cash or non-cash is basically the same money, one can be physically touched and the other can only be seen how many balances are withheld.
The superiority of cash is the material reality of the money it holds. In addition, the cash on delivery method provided by e-commerce merchants still gives people the opportunity to use cash and view physical purchases of goods.
One of the advantages of using electronic money is that you do not have to carry millions of dollars in cash but enough with a "magic" card.
So .. here all depends on user choice, which is more convenient in doing transaction.

SmellsCinnamon

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Crypto (electric money) is a money online. It can be converted to any physical money (fiat) and is flexible. Unlike in fiat, you can only use a currency in a certain country or place. But in electric money, you can use it anywhere. Physical money can also be sent from one place to other thru bank but you have to pay an extra fee. In electric money, you just have to know the btc or any crypto address and send it anywhere without extra fee.

Ghondronk

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https://exiptoken.io/

Until now, cash is still a favorite of people to make transactions, from traditional markets to modern markets.

Sled

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Quote from: innocent93 on February 04, 2018, 07:33:25 AM

Quote from: Shendy23 on October 21, 2017, 11:06:22 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

To understand the digital world first we must accept the idea that if you can't touch somethings it doesn't mean that is not real, like the cryptocoins.

We really need to accept that because we are entering the era of the technologies and we are slowly getting into it and experiencing one of the best moments of having a technologies and i think in the future that we will see more things that are digital which will be normal for the people because it is starting now in the cryptocurrencies and i think that in the future, we can really see more.

innocent93

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Quote from: Shendy23 on October 21, 2017, 11:06:22 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

To understand the digital world first we must accept the idea that if you can't touch somethings it doesn't mean that is not real, like the cryptocoins.

Kalemder

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Be A Hope

not both. of course the crypto

reynilynedago

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Quote from: Shendy23 on October 21, 2017, 11:06:22 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

Electronic and physical money ,has its own advantages to us. When it comes to the used of electronic money ,you can used it when you have lack of time to go to the supermarket to buy goods. Other thab that it made us easier to do transaction your just going to click and pay. While the used of physical money you can used it if some stores doesnt accept money through electronic.

rowel21

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digital walllet is usable you can send money to others without any hassle buy a load pay bills sooner or later electric payment will conquer more problems that physical money cant you save time and time is gold example after work you want to rest but your love ones needs money for emergency but your lazy to get up by a instant click you send a electric money and no need to go out there to look for a money sender or a money remitance

Viyamore

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Quote from: Xenoph0bia on February 04, 2018, 05:39:16 AM

Quote from: nlcars on February 04, 2018, 04:15:20 AM

In my opinion there is no difference, when you buy BTC or one of the other alt coins you are using your fiat money, wich is in principle electronic money to because you buy it electronic. For example you trade with the coins you bought and make a lot of electronic money/crypto money. After the big gain you change it to your fiat money but still it is electronic money but turned in to a lot more physycal money as you put in, when you are able to do this there is no difference at all.
And when you work and get your wage and you get paid to your banking account it is electronic money to, untill you go to the atm and turn it in to physical money.

Both the currencies have their own advantages and disadvantages.But I think that physical money is the winner.Electronic money needs internet connection while physical money can be used anywhere and anytime.Electronic money requires some knowledge to operate while physical money can be used even by illiterate.Physical money is accepted all over the world.Electronic money is banned in some nations and is not even legalised.

The advantages and its disadvantages makes the whole thing for both and its not that thing for me. Physical money is more on its everyday and for financial use we can spend it also online that offers into digital currency which gives more priviledge to its advantages in elctronic or a faster ways of transferring money to other people. Another way is to save money in electronic systems is the future banks. Physical money will become limited in time.

Xenoph0bia

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Quote from: nlcars on February 04, 2018, 04:15:20 AM

In my opinion there is no difference, when you buy BTC or one of the other alt coins you are using your fiat money, wich is in principle electronic money to because you buy it electronic. For example you trade with the coins you bought and make a lot of electronic money/crypto money. After the big gain you change it to your fiat money but still it is electronic money but turned in to a lot more physycal money as you put in, when you are able to do this there is no difference at all.
And when you work and get your wage and you get paid to your banking account it is electronic money to, untill you go to the atm and turn it in to physical money.

Both the currencies have their own advantages and disadvantages.But I think that physical money is the winner.Electronic money needs internet connection while physical money can be used anywhere and anytime.Electronic money requires some knowledge to operate while physical money can be used even by illiterate.Physical money is accepted all over the world.Electronic money is banned in some nations and is not even legalised.

nlcars

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In my opinion there is no difference, when you buy BTC or one of the other alt coins you are using your fiat money, wich is in principle electronic money to because you buy it electronic. For example you trade with the coins you bought and make a lot of electronic money/crypto money. After the big gain you change it to your fiat money but still it is electronic money but turned in to a lot more physycal money as you put in, when you are able to do this there is no difference at all.
And when you work and get your wage and you get paid to your banking account it is electronic money to, untill you go to the atm and turn it in to physical money.

mx667

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Quote from: intoy_victor on February 04, 2018, 03:20:41 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. Electronic money or digital money has an advantage than paper money. Paper money can be damaged but digital money will not. Bitcoin and other cryptocurrencies are called electronic /digital money while dollars and etc. they are all physical money.

Why people debating about this? Debating about this is useless you know. That is because both have their own uniqueness. Physical money is needed for those living in the village. They definitely do transactions using physical or cash money. If they do not use cash, they want to use what else? They can only use cash and can not use an ATM. They also do not know the technology and crypto. While the transfer of money is very useful in this modern world. Do not ask anymore about the benefits, we all know that the benefits are many and you can all mention it. Especially if used for online shopping.

intoy_victor

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Quote from: Shendy23 on October 21, 2017, 11:06:22 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

Electronic money or digital money has an advantage than paper money. Paper money can be damaged but digital money will not. Bitcoin and other cryptocurrencies are called electronic /digital money while dollars and etc. they are all physical money.

jeni99

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I think it's hard for digital currencies to rival the physical currency.
because of this digital currency there is no official agency issuing it.
digital currency is limited. and while people use digital currency in the end it remains in exchange with the physical currency.

JoshMart

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The Experience Layer of the Decentralized Internet

Electronic Money has been around for quite some time since Credit Cards came along (in my opinion). With advances in technology over the years, making payments electronically has evolved with it. Still, the relevance of the two cannot be ignored nor can one replace the other. Their uses can be pretty situational. A few factors that can affect this will be government regulations, location and items to be bought.

Topic: Electronic Money vs. Physical Money - page 10. (Read 9521 times)