Imagine a cashless society - page 13.

websoftwareengineer

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Quote from: Wabaman on April 10, 2018, 08:50:19 PM

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Cashless society is really good because there are people in the corporate world who are working very hard and earning just a few salary but with cryptocurrency, you can earn more money more than you monthly salary since the price of bitcoins is keep on increasing.

futuret

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Quote from: GoldenLad on April 14, 2018, 05:36:24 PM

Quote from: boybitcoin on April 10, 2018, 11:27:31 PM

It sounds good to have a cashless society, if this happened to other countries, and the result was much better than to have fiat in thier pocket, well I think other countries will sooner suggests that too, and becoming universal

Even if it sounds so sweet and good. It's still not possible. Maybe it may happen in the next century, but for now, no. For our society to become a cashless society or countries, every society and countries in this world must have an equilibrium level of technology. Whereby, there won't be a need for paper currency. This may be hard to achieve because, some countries are still lacking heavily in technology.

At the moment it is not possible, but in the coming days when bitcoin rather all crypto currencies will be legal throughout the world and people would be using them for daily life purchases, at that time we would be surely preceding towards cashless society. It is going to take time but not impossible at all. There would be some countries that will experience such society earlier than others such as Japan.

tylerderden

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Quote from: Wabaman on April 10, 2018, 08:50:19 PM

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

I am thinking of it, but bitcoin have its own problems like the block time as the time in which transaction gets confirmed is pretty high due to the block time being pretty high, so the transaction gets confirmed in minimum 10 minutes if you pay high enough fees and are lucky, but if not your transaction gets strucked for days and weeks. Another problem is the acceptance of bitcoin, there are not that much shops that accept bitcoin as a means of payment. If these problems get solved then we can think of cashless society.

jovs

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Cashless society or what so people called an innovative way of dealing with transaction is just a part of development and improving our society and it is quite visible in our present days. In business world, partially men with higher management want to increase their sales and to have a better way of transaction and for them to have this cryptocurrency need to initially improve the system of fiat for it to serves as a currency in online transaction for people to used and to invest their money with ease to have a time to gain profit with going with the flow and that is the future it takes for us to have if we will continue to used bitcoin.

ivankoh

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If a society does not have cash, I imagine the society will be very developed and modern. People do not have to spend a lot of money to pay for services when traveling, buying ... (avoid social evils such as theft, stealing, ...). If so, we will live in a civilized and modern society. With just the internet, everything will be solved thanks to the cryptocurrency market.

1C6fV5DtakfKANLJ8GUV7hCaA

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This is already happening in China but definitely not Bitcoin as the majority being used. In a few years when all paper money goes out, our development as a society and human race will definitely go faster as the time wasted on lines and bank transaction delays will be eliminated.

destroyer01

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A cashless payment system would make the monetary policy transmission mechanism more efficient,as there would be very little or no cash available anymore.In particular,it would become possible to implement negative interest rates on a broad front,in order to boost consumption

kisscoin

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Electronic wallets and credit cards, this is not a long future, this is our present. We are moving along the path of Autonomous payment systems and instant transfers around the world!

Cairo18

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Quote from: TrumpD on April 16, 2018, 04:43:24 AM

It's already happening globally but in pieces here and there. For example in developing countries, there is not even need to have internet connection, you can make payments via running USSD codes - this is called Mobile Money. This is to make it easier for even the poor to transact business in even in the remote areas. The flaw however is that fiat is still needed at some point. One of the challenges would be how to value things without fiat-conversion rates in mind (assuming you want to use only a single currency such as bitcoin). But yes it's possible and we are getting. This is very good in my opinion as it makes accounting easier.

Now a days people change of this easy way by handling cashless without money on hand or any transaction like for example this bitcoin org. ,you may do effort things like your time to cosume but this is the way that if you are good member you can earn your effort by having a money on it.This is also a challenging for us to have this organization.

TrumpD

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It's already happening globally but in pieces here and there. For example in developing countries, there is not even need to have internet connection, you can make payments via running USSD codes - this is called Mobile Money. This is to make it easier for even the poor to transact business in even in the remote areas. The flaw however is that fiat is still needed at some point. One of the challenges would be how to value things without fiat-conversion rates in mind (assuming you want to use only a single currency such as bitcoin). But yes it's possible and we are getting. This is very good in my opinion as it makes accounting easier.

kasansa

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At present whole world is going digital you can just use your mobile what you have decide to buy within minutes you will have on your table with out using your wallet But it is hard to achieve this every country have to co operate with even with herself rival country same time bitcoin have to found a stable market. Whereas people want to use bitcoin to become millionaire by gambling with bitcoin. We should have to wait with passion till things have turning point.

doraegun

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Quote from: Wabaman on April 10, 2018, 08:50:19 PM

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Yes that's very good for all of us if ever BITCOIN become primary use in all country, people are very wise there's no need to use in a usual method because we are now in a new generation stop using almost 1 to 2 days processing of all transaction, only bitcoin the solution of slow processing.

wozzek23

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Quote from: Moiyah on April 13, 2018, 01:19:37 AM

Sometimes, I imagined it that way. No more hassle in buying stuffs. But so far, I know for a fact that it is also dangerous. It is still involves money, it's just that we can use our cellphones to transact. I agree that it is more convenient in so many ways. However, how can banks and governments handle that situation?

There are very much rare chances of a cashless society and that in case this thing ever happens, this will make this world far better place to live and that it will surely remove any worries of keeping any of the paper money in your wallet as you can then use your crypto coins in your wallet and that you can use that crypto currency for the sake of buying different sort of things and that will surely help you in having more earning too because of increase in the market value of crypto coins after sometime.

Best Dreams

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Quote from: webdevmastery on April 15, 2018, 11:15:20 AM

Quote from: Wabaman on April 10, 2018, 08:50:19 PM

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Cashless country is really good because there are a lot of people today who being scammed and robbed out in our society and government will implement a cashless society then it will be be easier to purchase anything online and much faster transactions as well.

Yes it will make us easy and reliable for payment and shopping as online payment, but now and cash out within few minutes is now possible with bitcoin, there is nothing in the world that we buy with money and we cannot buy with bitcoin, bitcoin is very easy to use you can carry a lot of bitcoin at the same time without any fear of being robed it reduces the danger for your life too, so I want to invest in bitcoin I prefer to use bitcoin than cash and I will be happy a for a modern society without any fiat or cash.

xnuggets

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Well it could be nice to think that instead of bringing a bulky wallet with cards and cash, you only need is a smart phone.
On the other hand, smart phones shall be guarded and take care of as twice as the matter. Because everything is in a phone.
I don't know, it will be a hard time for us to adapt in world there is no physical money or cash.

banana123321

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BLAST2MARS

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I like the concept of virtual money and transactions but I still want to have physical cash. Things that we only see virtually does not makes us feel that we have it. It's just made-believe for me and just numbers. I also believe that most people don't like cashless society too.

dynospytan

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Quote from: Wabaman on April 10, 2018, 08:50:19 PM

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

We all know that digital currency is becoming more popular that's why is it possible that it will happen that in the future. But, we should also remember that bitcoin cannot still replace our real currency. Maybe if we can use bitcoin as a transaction in any store, real currency is still cannot be remove. Why? it is because of bitcoin volatility. Of course we all know that all the items in any store has their own price. But if you want to buy that item at exact price, you need to convert your bitcoin into real currency, unless if the management will accept it in bitcoin.

EnricoGomez

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It is possible for all kinds of societies everywhere in the world to be cashless but not in the present.
There are a lot of considerations to be taken upon. One is that not all have access on technology and internet and cryptos rely on it. Second is that it is highly volatile, there is a hardship in spending it.

traderethereum

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I think cashless society is already happening around us, we have seen that many people use their card, debit card or credit card, to buy something in the shopping store or in the online store. they don't have to use their physical money but only use the card. and I think in the future, there will more opportunity for us to see people buying something only use the QR code and pay the things in the store. the resources of physical money will be reduced from year by year and realize or not, we need something new that will solve this problem and I think cryptocurrency can be another solution besides using the cards.

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