Topic: Electronic Money vs. Physical Money - page 33. (Read 9504 times)

We are living in the world that is becoming more and more digital and virtual and so it's with money. Digital or electronic money is much more convenient and easier to use but it's not available everywhere. There are still countries with poor internet infrastructure and technologies and worlds' economy still can't fully function digital. Physical money will not disappear at all, it will survive to my opinion but electronic mone will be high competitive and maybe with time majority of payment will be conducted digitaly.
Bitcoin already has very important role as a virtual money and this role with time will become even more important.

To be honest, Bitcoin together with other digital currencies are not yet knwon to some countries and is not yet recognized as a legal currency but since there are already countries that are making it legal, maybe in the future it will be already used by most of the people. The only difference between regular and digital currencies are its market value and digital currency doesn't have a physical form.

Actually it's totally different, even though its name was Cryptocurrency,we can not compare it to actual money, becuase cryptocurremcy is a degital money, like bitcoin. Bitcoin is all digital but we use our phones everyday and they are very accessible in all parts of the world

when using physical money transaction bank or any other person can see the detail of transaction(eg-address,name,amount),But bitcoin transaction can not see any one.Bit coin holder can retain large amount money anyone doesnot know.

We have a different people living on every society so electronics money and physical money have both advantage and disadvantage, for those people who have a knowledge in virtual trading, investing and working online to earn virtual money then it will give them at ease. But for those people living on the society that eventually don't have a knowledge in computer, gadgets for the internet or even to touch them is they cannot afford then i think real money is the best thing for them to use.

Yes that is the point. There are so many people who just think bitcoin is same as physical money in all aspects. I must say there is no difference, as you said, but not at all. There are few factors that are more important in this comparison. And first and the most vital is security. Today, everyone goes for security and then comes the best investment source that couldn’t be provided by physical money.

This is one of the reasons bitcoin is so strong you can only bring so much money with you before having to give long explanations but with bitcoin you can have all your money with you and no one is going to ever know how much money you have unless you give that information yourself.

Nice point by point definition. And you're right about all that. Thing is people keep on pitting on over the other where in reality, physical or digital, we need them both to make our lives more comfortable. Wouldn't it be better to be able to utilize both?

Electronic money and physical money were the same, physical cash when transacted through an digital medium it gets termed to be electronic money. Electronic money can't be cryptocurrency, because the entire thing differs from the electronic money in terms of development as well functioning.

in ten years all currency will be electronic. And moreover, financial sector will change dramatically in nearest several years

Physical money today is accounted digitally so it is already electronic money anyways we just use paper money for physical day to day in person transactions. Bitcoin is all digital but we use our phones everyday and they are very accessible in all parts of the world so all that matters is the software they download is good and reliable and that is what Bitcoiners are providing.

Electronic money more used in metropolitician cities and whenever we do high amount transaction. Now people are started to use this transaction. But the cash transaction is common in all over the world, and I think the Electronic money will never replace cash.

We can touch the physical money physically,  but for the electronic money,  it's untouchable. In addition,  the physical money is easily defective,  and less flexible. The electronic is very flexible. We can bring it anywhere and anytime. People with modern thoughts will choose electronic money,  but not for the traditional ones who prefer using physical money. Thus,  there are several people who have no idea what electronic money (bitcoin) is. We live in different ages, that's the point.

Electronic money such as Bitcoin is used for online transactions and physical money such as fiat currencies are used for offline tansactions.Bitcoin is decentralized in nature which means that government has no control on it but physical money is centralized in nature and government has full control over it .Transactions through Bitcoin are anonymous in nature but transactions  through physical money are not anonymous.There is more fluctuation in the price of Bitcoin than the price of physical money .These are some differences between electronic money and physical money.

Bitcoin has revolutionized the world now we can enjoy a lot of eases by using this innovation on electronic money and on top of it as compared to cash money bitcoin is more beneficial because a person invests into it and then after sometime money is multiplied and huge profit is generated thorough it and that’s the main reason people are using it and its profit rates are so impressive that people are rushing to it.

Actually both of them are same in use both of them are money but the only difference between them is one of them is a paper money and second one is digital currency and digital currency is also safe and sound as compare with physical money you can carry it with yourself everywhere easily and its price is also high than any other physical money.

Actually both of them are money and you can use it for your daily expanse but one of them is digital currency and other one is paper money and to be honest with you I will prefer bitcoin because bitcoin price is high than any other currency and its also very safe and sound you can also learn a lot of things from bitcoin.

Yes i agree what he said that bitcoin is only a currency its only a currency a digital currency which you can access through internet and also with the use of your gadgets and it is very different with money which is touchable. Bitcoin is defferent with physical money especailly the value because bitcoin value is so high and its unstable. It changes everytime not like in money that we have in our wallets.

I think as social beings who live in the real world of course we really need fiat to meet the needs of our lives and the existence of electronic money such as bitcoin which is currently popular in my opinion it is very helpful to increase my income to meet my needs in the dunianyata . I think that between electronic money and physical money must go side by side in this world because I think even if we get additional income from electronic money at this time but still we still need fiat currency as a valid transaction tool that we often do for activities in the form of transactions in the world real. I usually do a lot to get electronic money that is by trading in crypto so I can get profits and then I can exchange on the exchange site and then I exchange to USD to be able to meet the needs of my life in the real world. I think this is what causes electronic currencies and physical currencies to go side by side and have interconnectedness with each other. although now there are some stores that accept payment system with bitcoin but I think not many people who want to start a business with payment system using bitcoin I think there are still many people are not too sure of the development of electronic currency so for now is still very far to change the physical currency as a whole becomes the electronic currency.

Physical money has significant advantage over electronic - it cannot be tracked. Today this is is a huge issue in the world where every information is sold and used for own purpose of the buyer.