Topic: Electronic Money vs. Physical Money - page 11. (Read 9483 times)
Electronic money or cryptocurrencies makes works easier, specially for online selling or other online bussinesses, they make use for mode of payment. Or even for ofw's who wants to send money to other countries, the transaction is more easier and effecient, can do it anytime,anywhere without hassle works only internet and gadget are required. While paper money, in this case, you need to find or go to money remittances and needs to fill out forms that is required and ask for id's etc. But good thing in paper money, your holding it and it is secured.
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. 
i prefer electronic money because you can withdraw anywhere, go to other countries even without cash. cryptocurrency is the new way of living,
Firms and banks prefer to send the necessary documents and account statements in the past, we can all remember this. But today all the documents are being sent via e-mail. It's just a simple example, but it's very effective. Bitcoin's future will be an example.
I used to work as a store clerk, and though having a debit or a credit card is convenient, sometimes it did slow down the line, compared with cash. Though I prefer customers to pay that way, since it's always safer not having to deal with paper money. Less chances of a mistake.
Regardless, it's always best to be prepare when checking out. Have your money ready.
Regardless, it's always best to be prepare when checking out. Have your money ready.
There soon will be services that will pay us for spending our own time!
I will choose electronic money because electronic money is the future in this world and i know that 10years from now many people is we will also use or choose electronic money over the physical and i am very confident that electronic money is more good because the value of it sa have a chance to pump very high unlike on the physical money.
I prefer electronic money to physical money due to the fact that electronic money can be use to pay for goods across border.
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.
Well when it comes to electronic money , in transactions you should have always the internet connections as well as the gadget on every activity that will lead you to buy things , try services and everything , and it lessen the hassle as well as the personal conversation in transactions and when it comes to physical money the safety of a person will be preserve and it will keep to in touch way of services.
The electronic money or cryptocurrency like bitcoin is stilla currency which you can use to buy online. Only through online because it is digital. For phyiscal money is the currency we are using since we know about money. They have a both a buying power because they are currency. I think the different is tha for cryptocurrency you cant touch it or carry it with you. You can only purchase through online. For physical money you cant pay through online but you can use it by depositing a physical money to your bank for credit card which can buy online. This is just my opinion for how i understand it.
Current and future transaction trends will use digital money, this is what will make the physical use of money or paper money continues to decrease, I think digital money is more secure and practical so worthy of replacing physical money.
Electronic money need to develop more and need to be safe and legal.at this time transaction fees and transaction time is not good.if electronic money can pass this problems it will be the main currency and I also think it will happen soon.
There soon will be services that will pay us for spending our own time!
I will choose electronic money because electronic money is the future in this world and i know that 10years from now many people is we will also use or choose electronic money over the physical and i am very confident that electronic money is more good because the value of it sa have a chance to pump very high unlike on the physical money.
Electronic or computerized cash more regularly utilized as a part of this period than the physical cash like a paper cash in light of the fact that numerous individuals spare their cash in bank and purchase merchandise with installment by means of charge card .bitcoin is cryptographic money that can be exchange to another nation only through by web without third part and it's anything but difficult to utilize so it's superior to physical cash.
i think they are same to doin some transaction but not many retail can recive electronic money in another country so still using both of them is a good way too
I don't think that we can consider Bitcoin now as digital cash since not all businesses or merchants are accepting Bitcoin (or any other cryptocurrencies). But for the sake of comparison (let's think of Bitcoin is already acceptable world wide ), there is no much of a difference of an electronic money and physical money. The only difference is that physical money is can be touch and the other one is not. It is more convenient having electronic money since we all are using our smartphone. It could be a hassle-free shopping/buying experience in using electronic money.
If we do not know electronic money (bitcoin, etc.), it will be difficult to explain. Only people who know the technology that understand it. Electronic money is easier and faster in transactions, as well as a very large transaction balance. While the physical money is more complicated and invites the risk of criminality.
Aren't they the same? Electronic money and physical money. You receive money through banks which then you can withdraw through atms that gives you your money in physical form. I think it becomes a misconception that cryptocurrency is the electrical money.
No they are not the same that is the biggest issue, a lot of people think it is the same because they can withdraw their money from an ATM but most money in electronic form is not even real it only exist in the balancing books of banks which they created out of thin air, if 10% of the people of the world tried to withdraw their money the whole system will crash in less than a day.
If only I could use the electronic money in everything that I need I would not hold any Physical money anymore.
So for me I really want to use the electronic money but since we couldn't use it I would still prefer the Physical money.
So for me I really want to use the electronic money but since we couldn't use it I would still prefer the Physical money.
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.
Well, in electronic money or Bitcoin it is a virtual currency were in you don't need to work 8hours a day, or you can work without a boss watching you, you can also buy things thru Bitcoin in a fastest way and also can earn huge amount in a short time, while physical money the is that salary that we get from our employer, as simple as that.
We both know that these two has many differences, in terms of earning it, spending it, transferring or converting it. In every aspect I mention earlier, bitcoin has an edge compared to physical money. Physical money is hard to earn unless you have a higher position. Transferring bitcoin to a digital wallet is easier compared to physical money. Even converting it, bitcoin has its advantage. But both of these are money, we can use this to invest, to buy what we want or we need. We must save them so when the time comes poor, we can invest.
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.
Well, this is the difference and use of Physical money and electronic money or Bitcoin. Physical money is used in buying items and used in many transactions such as buying in malls, stores and shops. It is also used in investing in a bank. Bitcoin is used in business. It is a digital currency that is better to invest and trade. Bitcoin is just for business and investing, Physical money is for buying and doing many transactions.
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