Topic: Future of digital money depends on smart phone technology and people's knowledge (Read 1152 times)
October 22, 2019, 04:04:31 AM
yes I agree with you the three things that you mentioned earlier are the reasons why until now cryptocurrency has not been a mass adoption. because most people do not know and understand about cryptocurrency. secondly all millennial communities must have a smart phone but they do not use the smart phone to learn about cryptocurrrency. but now there are many applications that support cryptocurrency. they still like and are comfortable using fiat money.
October 22, 2019, 03:31:05 AM
some startups have started smoothly facilitating wallets in smartphone applications for electronic transactions to replace banks / alternatives.
although still non-blockchain, dev has educated something very similar to what happened in crypto, and this has been accepted by the wider community. an example is ovo. All comments still show obstacles from official regulations, but if the government opens the door one day, many people will have no trouble migrating to crypto because they already have experience.
although still non-blockchain, dev has educated something very similar to what happened in crypto, and this has been accepted by the wider community. an example is ovo. All comments still show obstacles from official regulations, but if the government opens the door one day, many people will have no trouble migrating to crypto because they already have experience.
October 21, 2019, 10:04:49 PM
Actually if we want to make an alternative payment for digital currency, we only need to educate about how to make transactions using the blockchain. Make everyone have to understand blockchain technology will be difficult, so in my opinion just tell the benefits provided when using digital technology as an alternative payment transaction.
October 21, 2019, 09:17:09 PM
As time goes by, I'm sure people will inevitably adapt to the development of technology and the way they conduct transactions. Surely in the next few years there will be more adoption of crypto and we also play a role in sharing ways of using crypto currencies.
digital payment already used by people recently. but we dont move to crypto because of adoption or regulation from government, it will be hold the party up to use that serviceYes, but only a few people who are using crypto until now. People in our there still don't know about crypto because they don't read the news about crypto itself, and they still busy with their jobs. The regulations from the government take part to prevent people from learning crypto, so that makes crypto can not grow fast. But soon, if cryptocurrency can rise back like in 2017, the mass people will be aware of crypto, and they will join in the crypto world.
October 21, 2019, 09:04:43 PM
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
The problem is that poor people, beggars, and those who do not have enough education and many others can affect them to make it difficult to adopt this technology.
Quote
2. Smart phones - Must be integrated with technology to make it convenient for people to use
The smart phone will serve as our wallet in the near future. So it is also a requirement that all people have it.Quote
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
More development! which will provide ease of use.
October 21, 2019, 07:27:10 PM
As time goes by, I'm sure people will inevitably adapt to the development of technology and the way they conduct transactions. Surely in the next few years there will be more adoption of crypto and we also play a role in sharing ways of using crypto currencies.
digital payment already used by people recently. but we dont move to crypto because of adoption or regulation from government, it will be hold the party up to use that service October 21, 2019, 07:04:38 PM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
The first thing for me to consider is global economic stability and elimination and mitigation of poverty especially in third-world countries. If corrupt practices are eliminated, with good governance, decrease in poverty would follow, and all would follow, from technology to education. After those only we can start building the real global adoption of digital currencies and bitcoin. But as of now, these modern modes of payment are still restricted to those who have the capabilities, first-world and some second-world countries. But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
October 21, 2019, 06:42:09 PM
As time goes by, I'm sure people will inevitably adapt to the development of technology and the way they conduct transactions. Surely in the next few years there will be more adoption of crypto and we also play a role in sharing ways of using crypto currencies.
October 21, 2019, 05:31:10 PM
At our current state of smartphones, I don't bother to put some crypto related stuffs on it inside since it is more like your personal belongings which is prone to hacking or hijacking. That's why it would be better to remain it this way since it means less vulnerability of the said possible crime or one of the main target because scammers and other bad guys will try to take advantage of this advanced technology.
Unless of course you want to push some bill regarding of protecting the smartphones of the people as their own properties. And this would lead again to another problem and so on.
Unless of course you want to push some bill regarding of protecting the smartphones of the people as their own properties. And this would lead again to another problem and so on.
October 21, 2019, 01:35:52 PM
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October 21, 2019, 12:21:15 PM
Actually it's happening now my phone functions like a bank I use a local wallet to buy and pay in malls. But there is a disadvantage in malls the mobile network signal is very slow sometimes causing a delay especially in a very close area. But it is not a bitcoin wallet I hope soon we will have that option in our country I've seen some video from japan paying in stores using bitcoin is quite amazing and inspiring.
In this regard, we need more infrastructure to support our day to day transactions in cryptocurrency. I've experience this, but not too bad, since what I just need to do is to check my balance on my blockchain wallet, what I've did is to try to connect outside. But if an infrastructure such as radio towers will be built across the nations coverage, there's no reason for us not to become a globally cryptocurrency adopters for characteristics of bitcoin and crypto is considerably much better than fiat or physucal currencies.
October 21, 2019, 11:06:55 AM
In my opinion most people have smartphones just for lifestyle to look luxurious and without realizing that smart phones can be used to use them as income in any case.
Knowledge and applying to be able to recognize or join cryptocurrency must be expanded, because most of them only know bitcoin or cryptocurrency but do not know how to use it and do not know the positive benefits of deeper cryptocurrency.
smart phones are more flexible to access cryptocurrency eyes in any condition, anywhere and in any position can still be used.
Knowledge and applying to be able to recognize or join cryptocurrency must be expanded, because most of them only know bitcoin or cryptocurrency but do not know how to use it and do not know the positive benefits of deeper cryptocurrency.
smart phones are more flexible to access cryptocurrency eyes in any condition, anywhere and in any position can still be used.
October 21, 2019, 09:02:46 AM
No doubt about it. We still need more recognition from people and let them have a knowledge about bitcoin and cryptocurrency. A government also plays a big role in order to achieve mass adoption. If the government agrees to blockchain technology, it would've been taught in the tertiary level since it'[s part of the development of technology. If the demand with crypto increases, smartphones will adjust to it.
October 21, 2019, 07:45:37 AM
Actually it's happening now my phone functions like a bank I use a local wallet to buy and pay in malls. But there is a disadvantage in malls the mobile network signal is very slow sometimes causing a delay especially in a very close area. But it is not a bitcoin wallet I hope soon we will have that option in our country I've seen some video from japan paying in stores using bitcoin is quite amazing and inspiring.
That doesn't sound like a bank to me, my bank never helped me buy and pay stuff in malls, my own wallet did, my own hands and my own money.
Banks help secure money, help keep money safe, so if your phone does that then good for you, that's what it means to have digital money advanced into our lives.
But what happens to people who can't afford smartphones?
October 21, 2019, 07:40:21 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
If we dont have knowledge on how to use cryptocurrency then nothing will happen and at the same time if we do not have the technology even if we have the knowledge we still cannot access it. I think there is a need to teach people how to use cryptocurrency and we must need a user friendly app wherein people can easily understand and use. Coupled with the smartphones transactions can be done easily with just a click of a finger.
October 21, 2019, 05:47:25 AM
Actually it's happening now my phone functions like a bank I use a local wallet to buy and pay in malls. But there is a disadvantage in malls the mobile network signal is very slow sometimes causing a delay especially in a very close area. But it is not a bitcoin wallet I hope soon we will have that option in our country I've seen some video from japan paying in stores using bitcoin is quite amazing and inspiring.
October 16, 2019, 11:11:52 AM
Before people can use cryptocurrency, people need to learn. Learn how to use cryptocurrency, where they can use cryptocurrency, and how they will use cryptocurrency. They don't have to learn to details about cryptocurrency. The most important is they need to know what is a wallet to store the coins, how to sent and receive the coin, what they need to have before they can use it. They don't have to learn about programming to know and use cryptocurrency. It's like how people used the internet, and they don't have to learn what is IP, domain, hosting, etc.
October 16, 2019, 11:00:18 AM
I also believe that the primary driver of digital money would be the gadgets capable of sending and receiving them, none other than the smartphones. Knowing how “smart” phones had become since its introduction in 2009, the possibilities are endless for these little machines that we carry all around. Now it’s only up to the devs and companies to capitalize on our dependency to smartphones. PayPal started it and a lot of payment processors are already following suit, and hopefully bitcoin and other cryptos pick the pace up. But then again, the latter is still dependent on merchants accepting and customers willing to buy using crypto.
October 16, 2019, 09:15:59 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
actually we have all of stuff, but it not in same person. like 2 option for just one person. sometime we have tool but we dont have knowledge. we have knowledge but we dont have tool.
people not make research about history, they will learn how to make profit from this as fast as possible. maybe people can use it easily as paper money, but they wont, because it can be precious if store for a moment.
October 16, 2019, 08:56:16 AM
No matter how complex Bitcoin technology is, at some point it will become (hopefully) currency that can be used all around the world in any situation. By that point, I think everyone will understand basics about it and at least how to pay for groceries with it.
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