Electronic Money vs. Physical Money - page 35.

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Quote from: pelipurlara on November 05, 2017, 12:58:46 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

bitcoin and physical money are actually no different, all can be used as a transaction tool, but bitcoin as digital money has more privileges, bitcoin can be used as one of promising investment, and is equipped with a good security system

I think bitcoin with physical money is different, if the physical money can be used for various things, but if bitcoin is money intangible, and can be used for trading or investment.

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Quote from: shezu007 on November 04, 2017, 11:10:53 PM

according to my opinon now world is developing very fast and people have very less time because people became very busy so i will prefer electronic money as compare to physical money because electronic money system is very fast and secure and easily transferable to any country.

agreed, the world is evolving and were now closer to the new future that anything will become high tech, cars will be flying soon and many new inovation will follow therefore i believe that electronic money will soon rule and physical money will be replaced because it can make our lives easier and faster though they might consider improving it now because electronic money arent so perfect to use nowadays.

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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

These two things you are pertaining to had their own pros and cons in different areas. Expect them to had their own quality that they excel but if I were given a choice I will still prefer physical money in the long run because it had an all around accessibility even on small business in any type which is not available in bitcoins. Because it is for the reason that mostly or all of bitcoin transaction can only be done online which is scarce of not so well established businesses.

Donceng

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people now prefer electronic money. because, no need to bother bringing physical money everywhere. people tend to choose a simple and fast. and transactions using electronic money are relatively fast and do not have to wait too long

physical money is useful in our daily lives, but physical money is more vulnerable to crime such as theft, robbery, counterfeiting money and others.
whether it's physical money or electronic money all back to ourselves, so we can be more wise to use electronic money or physical money.

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Quote from: JCO05 on November 05, 2017, 05:57:44 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

Right now, cryptocurrency and other digital currency are not yet recognized and supported by some countries, so obviously, physical or regular currency is more dominant as of this moment. It still appears that regular currencies are more safer since it can be controlled unlike in digital currency that are prone to problems regarding with technical issues.

I will go for physical money.Though electronic money or cryptocurrencies are getting popular,still many people in the world do not know about them or how to operate them.It requires internet access and some skills to manage.In many corners of the world,there is no internet and literacy rate is also very low.So people depend on physical money for their sustainence.Also cryptocurrencis are not even legalised in many nations.It cannot be controlled unlike the fiat money.Moreover physical money has more acceptance than the electronic money.

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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

Right now, cryptocurrency and other digital currency are not yet recognized and supported by some countries, so obviously, physical or regular currency is more dominant as of this moment. It still appears that regular currencies are more safer since it can be controlled unlike in digital currency that are prone to problems regarding with technical issues.

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Quote from: Honest Tim on November 05, 2017, 05:07:52 AM

Physical money as a real existence as it can be seen, feel naturally, others than electronic money is not physically present, and have no physical existence. Physical money is handy, old and accept by many companies, markets, and authorities while electronic money is not as such accepted.
Uneducated and illiterate people know only physical money and the electronic money is out of there reach, as they depends more on the physical currency fir their day to day activities. Physical money has more acceptance than electronic money. But electronic money can not be steal easily and is more safe and secured than physical money. Banks and other authorities can keep a check on physical money but on electronic it is not easy.

Each type of money has its own advantages. it is currently possible electronic money still can not reach many people because of the limitations of various things. There are still many people in the world today who still think that electronical money is unsafe and also felt not something that can be easily accepted by society. But in reality today Currency digital has started to improve and increasing. I am very optimistic if one day in the future that digital currency can be one of the most attractive financial payment media and has been applied in many financial sectors. It's already starting to look and our current task there continues to support by using it in every financial transaction we do.

Honest Tim

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Physical money as a real existence as it can be seen, feel naturally, others than electronic money is not physically present, and have no physical existence. Physical money is handy, old and accept by many companies, markets, and authorities while electronic money is not as such accepted.
Uneducated and illiterate people know only physical money and the electronic money is out of there reach, as they depends more on the physical currency fir their day to day activities. Physical money has more acceptance than electronic money. But electronic money can not be steal easily and is more safe and secured than physical money. Banks and other authorities can keep a check on physical money but on electronic it is not easy.

alisafidel58

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Obviously bitcoin is intangible money where you can spend it online or even if you are abroad while physical money has its limit because of the law on other country.
Both are good but i prefer bitcoin its much more easy to use and you dont have to worry about the hassle of having so much money in your pocket.

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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

Both electronic and cash are needed for every aspect of life. Cash needed to circulate, exchange transactions in daily life. Bitcoin is needed for those who are involved in the electronics market. It is a digital currency with many advantages, cheap and fast.

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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

I never knew too. Not until my eyes were opened to the world of digital currencies. In terms if daily expenses, we all know that nkt everywhere bitcoin and other crypto are accepted specially in retail stores though there countries that really but 8 hope in the near future this idea of accepting bitcoin and altcoins as payment will be considered in those countries that are not yet accepting it.

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Quote from: pelipurlara on November 05, 2017, 12:58:46 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

bitcoin and physical money are actually no different, all can be used as a transaction tool, but bitcoin as digital money has more privileges, bitcoin can be used as one of promising investment, and is equipped with a good security system

You can say that in usage and working bitcoin and physical money have no difference but when it comes to benefits and liquidity bitcoin is so far away in technology then physical money because bitcoin have ability to transact without involvement of third party and transaction is end to end is secured, and the price increasing ability of bitcoin is much worth then any currency.

pelipurlara

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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

bitcoin and physical money are actually no different, all can be used as a transaction tool, but bitcoin as digital money has more privileges, bitcoin can be used as one of promising investment, and is equipped with a good security system

shezu007

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according to my opinon now world is developing very fast and people have very less time because people became very busy so i will prefer electronic money as compare to physical money because electronic money system is very fast and secure and easily transferable to any country.

resty

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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 Difference between the physical money or fiat money and Electronic money is a big different in terms of quick transaction and no hassle, starting in the new millennium year 2000 there are so many ATM machine throughout the world, using electronic system cash in and cash out is a fastest way to make transaction without no hassle and no big amount in your wallet or bag except a small card which is ATM card. or cashless using bitcoin system it is so comfortable I think for all people because of no third party handling. But as of now this is not applicable or available to all people because not all country has an internet site. I think those country not so progressive they are trying to build up their own strategy to make their country become progressive until they can use this kind of new GENERATION BITCOIN SYSTEM PROCESS.

Semaj123

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Quote from: JTASSOCIATES on November 02, 2017, 12:02:04 PM

Technology is having a main role and the convenience is the second thing added for the Electronic Money. Electronic money is depend upon the internet connection where physical money in not depend upon anything except the safety and the inconvenience of carrying it physically. Where electronic money is safe and convenient and protected digitally with password. Users of digital money is increasing and this is only the future of the world to handle the day to day payments.

Still electronic money has also the risk of getting hacked and there's no way to recover you money.Physical money is still will be useful because it has real value compared to electronic.Technology now is becoming very popular but still dont forget where we came from and how we use real money in our daily lives.Electronic money is still needs a lot of research if this will be possible.

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Quote from: Ratasya727 on November 02, 2017, 10:13:00 AM

In the end, the electric money will be broken into the original money, as needed. Because not all shopping or transactions use electric money.

no, i think electric money wont be broken infact most people these days are using it online and offline like in malls and restaurants there now using credit cards to use in their transactions and we were soon be living on a cashless society were cyptocurrencies are going to be the mainstream of our payment medium to use both online and offline. although i belive that cryptocoins will be physically made like pennes and dollars soon to be able to fully use it by the average people.

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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 difference between electronic money and physical money is electronic money can only use when you have internet or online mode. But in physical you can use it offline and online.

yurekaa

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one of other money have shape, and the other have it.
bitcoin can be sold, and it have high value. you can top up bitcoin to if you want.
regular money can be earn with sell your bitcoin, but you cant sell your regular into bitcoin. bitcoin price will always above of regular

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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 difference between cryptocurrency and fiat currency is that cryptocurrency is all about digital that nobody can rob it from you except when you lost your digital wallet while fiat currency is all cash that you bring with you in your pocket. This is why this two currency should coordinat with each other like you invest in cryptocurrency and when you got your profit take it through cash and then transact through cash. Though this two are both currency they share the same meaning and purpose and that is to save and to invest them in a good way.

Topic: Electronic Money vs. Physical Money - page 35. (Read 9521 times)