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Topic: Electronic Money vs. Physical Money - page 26. (Read 9504 times)

full member
Activity: 196
Merit: 121
November 25, 2017, 05:31:16 PM
Their is some of difference between electronic money and physical money l. E The electronic money is the system for making payments which is digital in nature and it is act as a catalyst  in mobile payment revolution. But in the case of physical money you have to pay direct into the seller hand. In case of electronic money you can use it anytime anywhere and transition of electronic currency is safe easy and convenient them real money.  Debit cards, credit card, visa cards,  paypal app are consider as a electronic money and different countries currency are consider as a physical money
I agree with you, In additional both types of money are very important now. Especially if you use both of them, you will recieved a different benifits.
All people have full control to manage their money and freedom too for using it. It is really depends on your needs and priorities. Also both types of money has different disadvantages and mostly both are useful on their ways
hero member
Activity: 570
Merit: 500
November 25, 2017, 05:21:40 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
I will always chose the electric (digital) money, it is safer, cleaner, always in hand, the only inconvenient is that i have to use an ATM to know the amount of  the fonds.
hero member
Activity: 728
Merit: 502
November 25, 2017, 02:38:42 PM
Better invest in crypto. They at least requires some work. In a case of fiat, they can be drawen easely.
I'd rather choose physical money. Because its easy to used when you spend and when you travel. Unlike electronic money their is a place that their is no atm machine
It will not be the right decision because the bitcoin is helping the people now, I have the bitcoin investment and the money of the bitcoin will be high if people will buy the bitcoin and will hold for the long time, I have the bitcoin and people who are helping the bitcoin user will buy the bitcoin and will hold the bitcoin for the long time as much as you will hold the more you will get through it.
hero member
Activity: 1204
Merit: 505
November 25, 2017, 09:06:19 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

physical money will be stepped down and replaced with electronic money or digital currency is more effective and better, because if we always use the money in the form of physical or paper money it will need need luggage in the wallet, with electronic uan more simple and more efficient can also just use smarphone can transact anything.
You’re wrong… we need physical money even more than electronic money. Physical money is the real money (in fact money is physical, electronic is just a way of moving our money from one place to the other without stress, they help to make things easier for us, that’s why they are needed.

Electronic money can be used to send money to a far distance without having to go to that place, and that’s with the help of the middleman which we know as BANK.
member
Activity: 75
Merit: 10
November 25, 2017, 07:57:20 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

There is nothing wrong with the system of physical money as of now. The only problem that I see is technology. Because of technology getting more and more advanced, physical money may not be able cope with technology.
legendary
Activity: 2100
Merit: 1058
November 25, 2017, 06:58:21 AM
For now many people will always choose physical money because, this is tangible unlike the electronic money and many people knows that they can use the physical everywhere and physical money is knows by everyone in this world unlike the electronic money, that is not really famous right now.
Now a day’s people doing online jobs we all know that, that’s why here we will give importance to electronic currency over physical currency, but physical currency have its own importance and value. I think there is no difference between them because both are money and useful in their own ways.
Physical money more simple in usage then electronic and it also requires internet to use them, and for simple transactions like buying in a store i would be faster to use physical money for online payments will be better electronic.
Well, electronic money is better than physical money in the term of payment. An example is the Greece government which choose to switch to electronic money in a couple of years.  Perhaps, if you're from a class country which internet is number 1 priority you will know what I mean.
Oh nice, some people will comment any sh** that comes to their mind without reasoning. You can’t be comparing both of them. It’s just like when someone is asking whether their hand is more important than their leg, and you know that both of them are very important, cause you need both your hands and legs. So I say there is no need to compare both, we just take it that we need both of them, just like the body needs the mind.
legendary
Activity: 1330
Merit: 1019
November 25, 2017, 04:05:12 AM
I use more electronic currency than physical currency. I find more and more often I use electronic form of currency in the form of debt cards. I prefer the ease of cards to cash hopefully we will get to the point where more and more crypto currency are accepted the same way.

But as of today, there are only few electronic currency are use in our society , like here in our country we can't use bitcoin as our payment. Only few store accept bitcoin as a payment.
At the very present moment, there are number of countries in which the use of bitcoin is not that much common. As far as digital money and paper money are concerned, there is a huge difference in between both of them. Paper money is like the old technology while electronic money is a new concept introduced to this world. Electronic money is making its name and it will change the dynamics of this world.
member
Activity: 123
Merit: 10
Global Risk Exchange - gref.io
November 24, 2017, 11:32:17 PM
Better invest in crypto. They at least requires some work. In a case of fiat, they can be drawen easely.
I'd rather choose physical money. Because its easy to used when you spend and when you travel. Unlike electronic money their is a place that their is no atm machine
full member
Activity: 248
Merit: 100
WWW.BLOCKCHAIN021.COM
November 24, 2017, 10:39:13 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
Well in electronic money r should I say bitcoin, the transactions are hidden from the government and no one has a control of it. It is freely wander everywhere in short. While the physical money is what we used to since long long ago. It is used everywhere and used by anyone unlike with bitcoins, those who are just capable enough to understand the internet has the capability to use bitcoin. Also physical money is produced under the government, a ministry which is the one who are responsible to produced money for people to use in everyday life.
full member
Activity: 1190
Merit: 111
November 24, 2017, 09:21:55 AM
as of these era we are on eelectric money , life now is evolving so fast and transaction getting easier if you are on different part of the world, easy transaction anytime anywhere with e-money
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
November 24, 2017, 09:19:19 AM
Better invest in crypto. They at least requires some work. In a case of fiat, they can be drawen easely.

Yes ofcourse . Its better to invest in crypto but there are some cryptos that are easily to decrease its rate and there are also some crypto that are not approved or verified to be trade or exchange with fiat. The best thing to do is to buy a bitcoin and invest in it. But we can also invest if were using physical money, by putting them in a bank account.
newbie
Activity: 30
Merit: 0
November 24, 2017, 09:16:27 AM
I believe that physical money will soon become unnecessary. In the era of digital technology, this is already unprofitable. Electronic money is much better than physical money in all the criteria)
legendary
Activity: 1120
Merit: 1003
November 24, 2017, 08:57:11 AM
ı prefer now all my cost like electric bills kitchen cost and car issues  hot money real money but for e commerce shopping internet investments or something always use a  currency eth or btc or like that Cheesy 
sr. member
Activity: 1596
Merit: 335
November 24, 2017, 08:55:22 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 Smiley

Nowadays, technology plays a big role in our everyday lives. The thing about technology is it keeps evolving every time, yearly there are new inventions and innovations. So, I feel that in the future the physical money that we've come to know and use will no longer be relevant, because electronic money will be implemented by then.
full member
Activity: 476
Merit: 100
November 24, 2017, 06:38:21 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

physical money will be stepped down and replaced with electronic money or digital currency is more effective and better, because if we always use the money in the form of physical or paper money it will need need luggage in the wallet, with electronic uan more simple and more efficient can also just use smarphone can transact anything.
hero member
Activity: 2268
Merit: 579
Leading Crypto Sports Betting & Casino Platform
November 24, 2017, 06:37:52 AM
For now many people will always choose physical money because, this is tangible unlike the electronic money and many people knows that they can use the physical everywhere and physical money is knows by everyone in this world unlike the electronic money, that is not really famous right now.
Now a day’s people doing online jobs we all know that, that’s why here we will give importance to electronic currency over physical currency, but physical currency have its own importance and value. I think there is no difference between them because both are money and useful in their own ways.
Physical money more simple in usage then electronic and it also requires internet to use them, and for simple transactions like buying in a store i would be faster to use physical money for online payments will be better electronic.
Well, electronic money is better than physical money in the term of payment. An example is the Greece government which choose to switch to electronic money in a couple of years.  Perhaps, if you're from a class country which internet is number 1 priority you will know what I mean.
full member
Activity: 518
Merit: 145
November 24, 2017, 06:12:55 AM
Electronic money and physical money are tools of transactions and have their respective advantages. Physical or fiat money is the currency that every country applies to as a medium of exchange. while electronic money is not. and in transactions always require internet connection. But electronic money is very easy to use in online transactions and the price can be very high. it can be very beneficial if investing with electronic money even at risk.
Right. Which is why both will still always find its place in the society. Physical money have always been in existence for a long time and asides from those who have vast knowledge about technology and can easily adapt fast, some will still find it very difficult while some will be very slow to adapt if they ever adapt at all. They will both serve one main purpose which is medium of exchange but we both know normally, one supersedes one as long as it is decentralized and accepted.

One thing for sure is most people are finding it even very hard to make use of ordinary Online applications to do transfers and even ATMs, which are form of electronic too, let alone going all the way to the blockchain level.
sr. member
Activity: 588
Merit: 254
November 24, 2017, 05:52:32 AM
If you want your money to grow and beat inflation, go for "electronic money" (bitcoin, investing in stocks, etc.). But if you want your money to be liquid for your simple everyday expenses (like buying in your local store wherein cash on hand is only accepted as payment), go for physical money.

It really depends on your needs and priorities. But what's important is to have a balance between your physical money and electronic money. As the saying goes, don't put your eggs in one basket.
Let me make one thing clear to you all the electronic money is the one which your banks use for online transactions and in the debit or credit card. For bitcoin and other blockchain supported currencies the word cryptocurrency is used, which refer to digital and decentralized currency.
The cryptocurrency and specially Bitcoin is a great way to tackle with inflation and save your money from devaluating. In fact the value of Bitcoin increases with the passage of time which will increase the worth of your fiat invested. Fiat if kept idol loses it value if looked with the time value of money.   
jr. member
Activity: 178
Merit: 5
November 24, 2017, 05:39:30 AM
Electronic money and physical money are tools of transactions and have their respective advantages. Physical or fiat money is the currency that every country applies to as a medium of exchange. while electronic money is not. and in transactions always require internet connection. But electronic money is very easy to use in online transactions and the price can be very high. it can be very beneficial if investing with electronic money even at risk.
hero member
Activity: 1036
Merit: 500
November 24, 2017, 05:26:47 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 is a digital currency used to purchase goods through different sites in the net..that requires username and password in every transactions, a product of the advance technology created to make our life easier and lighter in which we can do transactions without to be in line in malls or in public places..making us more safe in doing transactions as well while physical money or paper money widely used of all people in the world  the one that we always put in our wallet.
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