Topic: Electronic Money vs. Physical Money - page 40. (Read 9504 times)
Electonic money (cryptocurrency) and Physical money are totally different so its hard to tell on the other people which is easy to use, mostly for those country that not enough internet connection or didnt know how to use internet to use this electonic money. but for those people who luckily had internet connection and have gadgets to use electronic money, they can use the benefits of it by using electronic money, Electronic money is more easy to use and carry than the physical money.
Electronic money can be accessed through online or electronic: as what we call it. We can buy online goods from it, and we can transact it in just using internet connection. Physical money, on the other hand, is what the world is currently using now. It has many different currencies; for every country there is own currency. Time will come that if we use too much internet access in all things, we will use more electronic money than the physical.
I think I only rely n physical money it gives me more value than electronic . This means we are considering electronic as an instrument for physical like bitcoin and altcoins. What needs to people give to other people easily and transact faster. Physical are those you work in the entire days which we rely on our salary.
Physical money and elctronic money are tow things that we can not seperate, we need elctronic mone yto buy things online like games, online shopping or other things, and we use physical money because it is what most people in our society uses and since we are a part of it we need to use it, but as the world starting to become more and more digitalized we soon will diviate from using parper money to just use creadit cards and electronic payments. 
I think I only rely n physical money it gives me more value than electronic . This means we are considering electronic as an instrument for physical like bitcoin and altcoins. What needs to people give to other people easily and transact faster. Physical are those you work in the entire days which we rely on our salary.
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. 
My main concern is that bitcoin specifically and crypto generally doesn't fulfill the function of money very well. As far as electronic money goes, it's a horrible option. It doesn't store value well and it has low utility for transactions (although the second is an extension of the first point, it would probably have more utility if it wasn't so volatile). Contrast that with electronic fiat, and there's no comparison. Electronic fiat is leaps and bounds above bitcoin in terms of how useful it is as a currency. I think people expecting bitcoin to replace electronic USD are really overestimating it's usefulness in the future. It's a pretty fine commodity, but a bad currency.
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 do not see why there is any confusion, just explain to them that bitcoin is a form of money that is completely electronic, fiat can be physical, like cash, or can be digital, like debit cards, just explain to them bitcoin does not have a physical form and that is it.
we've already been using electronic money for a while now. debit cards, e-checks, etc. I dont think moving forward strictly with digital money is good in the long run. giving the gov't the ability to track every transaction you make does not sound appealing at all.
it's has a lot of difference bitcoin is a decentralized currency which is not stable because its depending on the demand while physical money is a centralized because it came from the banks and the government can supplies how many money should be produce for the year. while btc the miners are the one who produced bitcoin for us.
Yeah both of them are different and the uses of them are not same as well. Digital money is not like the real money because the value and the price of the bitcoin is now increasing day by day, he bitcoin is the other best source for earning as well but in the paper money you can buy the things to invest but you cannot save it for the long time, I need to buy the bitcoin and to get the profit and the income from it. 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.
Paper money has existed way back in the early times of history when people invented a main medium of exchange, instead of relying on the barter system. When they found out the potential of paper money, this circulated through out the world and has been accepted as the main payment for all types of goods or services. The determining factor of the price of fiat is due to the gold reserves per country. The more gold the country has, the more value their fiat is compared to other countries.
For electronic money, obviously they exists within the realm of the internet and cannot be accessed without it. The money is digitalized and the transactions are relatively hassle-free due to the convenience provided by the internet. The downside is, it is definitely subject to hacking and scamming since hackers nowadays can easily get your money from the internet. Also, not all people have electronic money due to the discrepancy of each country in terms of their economy. Some countries are developed, thus making their technology advanced compared to countries who are still on the developing stage.
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.
1. Bitcoin is not an Electronic Money. Bitcoin is a crypto currency.
2. Physical money you are referring is known as hard cash.
From OPs post it seems that differences between crypto currencies and fiat currency is expected. To move in that direction, fiat currency is also used in electronic form (credit cards, debit cards, meal cards etc etc) [ credit cards were being used way before internet came into existence. Thus difference between electronic money and internet money], internet form (netbanking, online credit card payments) etc , hard cash, and much more. Tokens like cheques, demand drafts implemented from the banks in normal.
Crypto currency are different in a sense that they are peer to peer direct cash system. There is decentralized systems of blockchain which is verifying all transactions and keeping the ledgers.. The each system which is part of blockchain has a copy of ledger maintained by other nodes.
The physical or fiat currency can be printed as much you want. That is not the case. If a crypto is premined or decided that predecided amount then that amount is not being altered.
Physical money will spend a lot of budget for its creation, eventually the world government will forget this and start switching to the e-money system, they will allocate the budget to the source of the currency-forming nature for other businesses. What the world needs now is efficiency so everyone will switch to consolidating e-fiat with cryptocurrency.
I think both of them are same because both of them are money but bitcoin is a digital currency and other currencies are paper currency and I must say bitcoin is little better than paper money because bitcoin price is high than any other currency and it’s also easy to carry with yourself bitcoin in now available almost everywhere and the users are going to support bitcoin.
it's has a lot of difference bitcoin is a decentralized currency which is not stable because its depending on the demand while physical money is a centralized because it came from the banks and the government can supplies how many money should be produce for the year. while btc the miners are the one who produced bitcoin for us.
Physical money will spend a lot of budget for its creation, eventually the world government will forget this and start switching to the e-money system, they will allocate the budget to the source of the currency-forming nature for other businesses. What the world needs now is efficiency so everyone will switch to consolidating e-fiat with cryptocurrency.
I think both of them are same because both of them are money but bitcoin is a digital currency and other currencies are paper currency and I must say bitcoin is little better than paper money because bitcoin price is high than any other currency and it’s also easy to carry with yourself bitcoin in now available almost everywhere and the users are going to support bitcoin. 
Too many upsides and downsides to those respective currencies. To name a few, physical money are readily liquidated while the other is not. It can handle instant and micro transactions. E-money's strength though is to long distance transactions and it has ledgers which record payments. Both complement each others weakness so they can co-exist rather than replacing one or the other.
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.
the difference between physical money and e-money is that, e-money can be use to purchase even if you are on the other part of the world. physical money can be use only in your country, because we have different fiat money so you have to convert first before using it to other currency. bitcoin can be used in many aspects, same as physical money, but as i said, those two has limitations which fills the lacks of use of each other.
Not all of the population in the world id familiar with e-currency, it still starting. Its about 5-10% all over the world is familiar with it. In my views, physical money is are basic for us to use in specific country. It is countrys symbol. The idea of having an e-currency is a very good start for a person to use it anywhere. As the founder of Alibaba visit our country, he indicate about the use of e-commerce, which will help is to fast transaction and to avoid corruption. I hope that more people will be using both depending where and when to use it.
Fiat money have different currency means that if your in the other country you have to convert it to there own currency to be accepted like for example if you are in the Philippines and your currency is dollar then you must exchange it to peso to be accepted in the store.Unlike electronic currency its universal and hassle free.
The 2 have differences.
Electronic Money-It is monetary value that is stored electronically on receipt of funds, and which is used for making payment transactions. E-Money can be held on cards, devices, or on a server.But the main problem is tracking. Electronic transactions have logs. Logs that can be directly attached to the card's owner.
Physical Money-Cash has also a good advantage. Money doesn't "disappear" from your bank account without you not knowing about it. In practical, day to day situations, the only reason cash is still around is because most people don't know how to exchange money with each other using phones, and because there are still occasional businesses that don't take credit. None of your big reasons factor into it, and the real reasons for cash are quickly going away.
Electronic Money-It is monetary value that is stored electronically on receipt of funds, and which is used for making payment transactions. E-Money can be held on cards, devices, or on a server.But the main problem is tracking. Electronic transactions have logs. Logs that can be directly attached to the card's owner.
Physical Money-Cash has also a good advantage. Money doesn't "disappear" from your bank account without you not knowing about it. In practical, day to day situations, the only reason cash is still around is because most people don't know how to exchange money with each other using phones, and because there are still occasional businesses that don't take credit. None of your big reasons factor into it, and the real reasons for cash are quickly going away.
I like to use or hold my money in electronics or in bitcoin rather than in Fiat,
If I could just use my bitcoin in every transaction that I would , I would prefer it and never to convert it into Fiat,
But right now we couldn't use it in almost everything.
If I could just use my bitcoin in every transaction that I would , I would prefer it and never to convert it into Fiat,
But right now we couldn't use it in almost everything.
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.
The big difference of these two is that they have there purpose on a specific place wherein a physical money can be used in this world and it is tangible. But the electronics money is a money where we can use in the online world. So to have a lot of information just research more about bitcoin so that you can really understand the purpose of bitcoin. Jump to: