Physical money is regulated by the government while digital money is not thats one of the edge of btc being decentralized and its not just a currency but an asset as well.
However physical money is our primary currency and recognized by everyone regardless of age. It can be use anywhere without using any computer or gadgets to be able to transact.
Topic: Electronic Money vs. Physical Money - page 43. (Read 9521 times)
Electronic or digital money is not always synonymous to cryptocurrencies - in fact, most of the fiat money in circulation has no physical form.
It is unwise to think that there is paper money, cash and then every other form of currency which can be transferred digitally can be called 'electronic money'.
Cryptocurrency is a new breed of the money, evolved decentralized, sovereign. BTC or other cryptos have little in common in 'digital' fiat money people store on their bank accounts.
This is a great clarification you have made here. A lot of people often get swayed that every fiat means paper money and not in anyway electronic. This is a big deceit because every fiat exists with its electronic transactions. Sadly, no cryptocurrency exists outside electronic transactions. This is a big disadvantage for cryptos as they can't be transacted without the internet. It is unwise to think that there is paper money, cash and then every other form of currency which can be transferred digitally can be called 'electronic money'.
Cryptocurrency is a new breed of the money, evolved decentralized, sovereign. BTC or other cryptos have little in common in 'digital' fiat money people store on their bank accounts.
Nearly 92% of world`s currency is now in digital form.
Money which we can see or feel is physical money.
We can't see digital money it lies in computer or in mobile wallet.
Both currencies have advantages and disadvantages.
- Digital money require some infrastructure like computer, electricity, internet etc. physical currency depends on nothing like this.
- Generally money in digital form easily get accepted worldwide. Physical money of every country is printed by its own government so cannot get accepted worldwide. Need to convert them from country to country.
- Fake physical money can be used for transactions. Digital money is protected by its firmware or by blockchain.
- Money is never secure. Both type of money have risk of getting stolen. Both type of money needs protections like Safe, bank lockers, personal key or password etc.
- One can use physical money without permission of its real owner. digital money is protected by its owner, no one can use it without permission.
- Physical currencies are controlled by central agencies. cryptocurrencies are decentralised in nature.
Money which we can see or feel is physical money.
We can't see digital money it lies in computer or in mobile wallet.
Both currencies have advantages and disadvantages.
- Digital money require some infrastructure like computer, electricity, internet etc. physical currency depends on nothing like this.
- Generally money in digital form easily get accepted worldwide. Physical money of every country is printed by its own government so cannot get accepted worldwide. Need to convert them from country to country.
- Fake physical money can be used for transactions. Digital money is protected by its firmware or by blockchain.
- Money is never secure. Both type of money have risk of getting stolen. Both type of money needs protections like Safe, bank lockers, personal key or password etc.
- One can use physical money without permission of its real owner. digital money is protected by its owner, no one can use it without permission.
- Physical currencies are controlled by central agencies. cryptocurrencies are decentralised in nature.
Electronic Money :
- Fast and easy when do transactions
- Can use for online transactions
- More profitable
Physical Money :
- Expensive charge fee for transfer
- Slow process for global transactions
- Fee applied every month
- Fast and easy when do transactions
- Can use for online transactions
- More profitable
Physical Money :
- Expensive charge fee for transfer
- Slow process for global transactions
- Fee applied every month
A cryptocurrency is something that is more like an asset and less like money , its meant to store value of your money at a place like stock market shares or something like gold.
Cryptocurrency is decentralized and volatile and keeps increasing decreasing its value and that's the reason why people usually earn profits from this.
Our normal fiat is somehow fixed and is handled by the government thus its centralized and has universal acceptance and can be converted from one form to another without any barricades or bans
If we will compare electronic money vs the physical money in terms of profit and its usage in different kind of things then i might say that bitcoin or the other electronic money is still better than the physical money because physical money are boring because they are just stable and you cannot make profit from them unless you will build a business but in electronic money alone, you can make a lot of profit. Cryptocurrency is decentralized and volatile and keeps increasing decreasing its value and that's the reason why people usually earn profits from this.
Our normal fiat is somehow fixed and is handled by the government thus its centralized and has universal acceptance and can be converted from one form to another without any barricades or bans
A cryptocurrency is something that is more like an asset and less like money , its meant to store value of your money at a place like stock market shares or something like gold.
Cryptocurrency is decentralized and volatile and keeps increasing decreasing its value and that's the reason why people usually earn profits from this.
Our normal fiat is somehow fixed and is handled by the government thus its centralized and has universal acceptance and can be converted from one form to another without any barricades or bans
Cryptocurrency is decentralized and volatile and keeps increasing decreasing its value and that's the reason why people usually earn profits from this.
Our normal fiat is somehow fixed and is handled by the government thus its centralized and has universal acceptance and can be converted from one form to another without any barricades or bans
This is just a simple thing electronic money don't have physical appearance that's all but the use is as same as the current fiat we are having today both can be use in online shopping the physical money need just to be put in ATM or a debit card. Electronic money can be converted into fiat if you want to hold it. The appearance is the only difference here and the fact that digital currencies value for now is unstable and unpredictable.
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. 
Digital currency can easily be transferred from one acct to the other and from one place to the other. That what makes digital currency more useful but in a limited purposes only unlike with the physical money you can use it everywhere.
Well, physical money cannot be used online and so it cannot be used everywhere like you're stressing. Digital money on the other hand can be used everywhere so far as the merchants has the requisite device to receive his/payment.
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.
Electeonic money can only use in online transactions it is just a virtual money, it can disappear anytime and price is not fixed while physical money is fixed and can not disappear it is the opposite of electronic currency
An interesting comparison. As far as I know, electronic money is the currency that is transferred digitally to be stored and used in an information technology environment. It can also be considered a digital currency, generated by complex encryption algorithms in the form of open source software. Algorithms are exchanged through internet-connected devices, not through any intermediary or national organization. It has no particular value, its value fluctuates over time and is rarely stable. There is no concept of freedom in physical money, it belongs to governments, the state. It has a certain value, it can not change the value but it is very necessary in life because we need to spend a lot, but this can not use the electronic currency
The difference between electronic money and the physical money, electronic money is a cryptocurrency which is can transact via internet connection and travel or transfer your money around the worl without any hastle transactions. While the physical money is handy money you can buy in mini store at your place at a small amount, a big defferent they have.
The difference is huge, electronic money are available everywhere, the transactions are much more faster, because you dont have to go to that person.
Majority afraids of Bitcoin because they feel the change which is bringing by the canopy. Also the anonymity is important for some people and this is exacly feature of the digital money also. So people should definitely choose electronic money, but for better secure keep few for yourself.
Majority afraids of Bitcoin because they feel the change which is bringing by the canopy. Also the anonymity is important for some people and this is exacly feature of the digital money also. So people should definitely choose electronic money, but for better secure keep few for yourself.
Well in every sense electronic money is ahead of the physical money but the physical money comes in handy when you go to the country or village where there is no electricity or computer to process online payments.
The difference is huge, electronic money are available everywhere, the transactions are much more faster, because you dont have to go to that person.
Majority afraids of Bitcoin because they feel the change which is bringing by the canopy. Also the anonymity is important for some people and this is exacly feature of the digital money also. So people should definitely choose electronic money, but for better secure keep few for yourself.
Majority afraids of Bitcoin because they feel the change which is bringing by the canopy. Also the anonymity is important for some people and this is exacly feature of the digital money also. So people should definitely choose electronic money, but for better secure keep few for yourself.
Electronic money can only be accessed with internet connection, and you cannot touch it because it has no physical form. It is used by people around the world and it has a wide coverage of area that can access it. Physical money was first used by everyone and it changes its form depending what country you are in. Also, it is only limited to the country where you are and its value has no chance to rise or fall; it is fixed.
I think you forgot about inflation 
the physical money do not change in value a $1000 will always be $1000. However because of inflation as time pass by. The real value of your money will decrease like for example today we can buy 2 apple for $4 but in the coming years we can only buy 1 apply for $4.
Electronic money can only be accessed with internet connection, and you cannot touch it because it has no physical form. It is used by people around the world and it has a wide coverage of area that can access it. Physical money was first used by everyone and it changes its form depending what country you are in. Also, it is only limited to the country where you are and its value has no chance to rise or fall; it is fixed.
Physical money or cash still what i prefer. We've been using this system for centuries. I don't think it will be vanish. Electronic money requires technology in able to use. Bitcoin for example. Bitcoin needed internet in able send and receive bitcoin. I don't think it's a convenient way for paying someone especially when peer 2 peer like groceries for example. Physical money does not require technology to buy or pay someone. You just have to give the cash. That it. The reason is because it has a physical appearance. But it will be better if both technology and cash merge together. Like credit and debit cards. This is the best example of technology and cash work together.
Cash will stay. No matter what innovations has happen to money. We still need physical form than money without physical form.
Cash will stay. No matter what innovations has happen to money. We still need physical form than money without physical form.
Electronic money or BTC are more like an asset than a form of payment, bitcoin has becoming more and more growing and rising because of its high demand, thus bitcoin is not wise to be spend but instead hold it and see it as an asset. Electronic money are more like a gold that has promising future. On the other hand Physical money is more like to be use as a payment for good a and services. Fiat are easy to use and transaction free.
Physical money will stay for a long time as many small countries still depend on it. Even if we don't include bitcoin or virtual currency, many people are still very suspicious about signing up for credit cards virtual checking / savings accounts. Both will continue existing for a long time.
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.
Cryptocurrency can be use all over the world while the physical money can be use in the country where it is recognized as the legal tender of payment. Regarding transactions, people can directly send money no matter the value without the need of intermediary while in physical money, you need to go to banks because they are usually the ones holding your money especially if it is significant but in crypto you are the bank itself. Nowadays, physical money is acceptable every where while cryptocurrency has limitations as many still don't recognized it yet as payment option.
Bitcoin or cryptocurrency which I can not call Electronic Money at this time,
because until now many countries that do not allow Bitcoin or Altcoin as a means of payment legitimate,
so until now I still think Bitcoin is like Gold, we are looking for Bitcoin or Altcoin then we sell in the market for Physical Money, this my opinion
because until now many countries that do not allow Bitcoin or Altcoin as a means of payment legitimate,
so until now I still think Bitcoin is like Gold, we are looking for Bitcoin or Altcoin then we sell in the market for Physical Money, this my opinion
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