Topic: Imagine a cashless society - page 14. (Read 1759 times)
it seems can not imagine if cash is not used anymore, because the daily needs of course require cash for the alar sale and purchase transactions we need later
The problem with cashless transactions is that there is no physical value or collateral. For Example, the USA government just print extra notes but have a deficit of billions. If there is no physical cash, then there is no physical currency or value
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 it may happen in the future if growth in all sectors grows well with bitcoin, we expect the world to accept bitcoin as a tool for transacting now and possibly in the future. I really want it to be true because so far I have felt the benefits of ease of transactions using bitcoin. 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, it is possible to impose cashless as modern days all the things was upgraded and if that will happen you have no worries if you go out coz you have no cash to disclose, thief and holdup will eliminate.
Yes, I think this is possible. We are living in the era of industrialization, the 4.0 era with the cryptocurrency market is gradually becoming popular, not using cash is very possible. As you said, nowadays, we can use online payment by phone or use Bitcoin, is simple and has many convenient. However, it also exists a few difficulties. Poor people are still very dependent on cash, they can't access to technology and especially crypto. Moreover, this depends heavily on technology and it can be attacked by hackers
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.
But if it happens, it will be in more than dozens of years from now, it is not going to happen in a few years from now like many people is thinking that it will be (in 2020 as an example)
This is a process, and it will take some time.
This is a process, and it will take some time.
This will be the reflect of cashless society. Many had give a red carpet welcome to cashless society,because they don't want to stand in a line .In money country ,we are not ok with this .Even to get over money, we need to visit the ATM.Bitcoin made all this easy one.We can transfer money by scanning as like in online bill pay.
I think, the future will be like Jarvis ( Iron Man )
Internet is big and keep advance from time to time and bitcoin occur become the trendsetter for digital transaction that have quick progress of popularity
I won't be surprise if the future, bitcoin become legal currency for all country !
Internet is big and keep advance from time to time and bitcoin occur become the trendsetter for digital transaction that have quick progress of popularity
I won't be surprise if the future, bitcoin become legal currency for all country !
Going cashless is great. Even our country also initiated such a move buy the promoting the use of online transfers, cheque payments, net banking, digital wallets like paypal and others. But it was just an idea...nothing was being implemented on a serious note. In fact the illiterate section of the society was not bothered to go cashless. For them cash is the only method to go for transacting and they also fear the banking. Government even wanted to go for 100% financial inclusion but in vain. And what you are talking about here is just the use of single currency that is bitcoin. i cannot imagine such a thing in my country India where they are not at all interested to accept bitcoin!! But i think using only bitcoin will make the things go a little time consuming. Also the transaction fees is very high. However right now this seems far more away from the reality... so cannot say anything!!
It has a very high chance that this could happen. Reason is because its easy and simple. It might be hard for those who dont know how to use smartphones but with the modern world, I guess all people will know how to use one. It might happen but I guess not all country will agree with it.
Should be.
The technology is not getting futuristic. I did not really expect that it would come to this.
it is like 90 percent of the population now, even the poor have a smartphone in their hands. They are way getting cheaper.
So I think it is time everything should also change when it comes to spending money.
I dont have a credit card for I dont really trust the bank and I only have my debit card just because the company makes it mandatory for payroll.
Now I dont want to be going to an ATM just so I could cash it out and mostly they are not working or dont have the cash anymore to spit out.
If we could transact with a smartphone then it will be an ease for every human being.
The technology is not getting futuristic. I did not really expect that it would come to this.
it is like 90 percent of the population now, even the poor have a smartphone in their hands. They are way getting cheaper.
So I think it is time everything should also change when it comes to spending money.
I dont have a credit card for I dont really trust the bank and I only have my debit card just because the company makes it mandatory for payroll.
Now I dont want to be going to an ATM just so I could cash it out and mostly they are not working or dont have the cash anymore to spit out.
If we could transact with a smartphone then it will be an ease for every human being.
This will be the reflect of cashless society. Many had give a red carpet welcome to cashless society,because they don't want to stand in a line .In money country ,we are not ok with this .Even to get over money, we need to visit the ATM.Bitcoin made all this easy one.We can transfer money by scanning as like in online bill pay.
I actually imagined that before for people wants increases every new generation. When there is new generation absolutely there will be new wants to arouse and new things to be created to satisfy the wants or maybe needs. So my it will probably happen in the future. No question for technology engage this world already.
Sweden is the closest thing we have to a cashless society and they are starting to worry about the consequences:
http://www.bbc.co.uk/news/business-43645676
It's got to the stage there were most bank branches refuse to let you withdraw cash. I think that's scary.
I think it is good and bad as well because cashless means that all your money has taken by some body and you have only a card or a digital wallet which is totally in the controls of some other hands. But on the other side there are lots of benefits of cashless society easy use and no fear of losing and looting is the main.http://www.bbc.co.uk/news/business-43645676
Quote
Sweden is winning the race towards becoming the world's first completely cashless society, but there are growing concerns it's causing problems for the elderly and other vulnerable groups.
It's got to the stage there were most bank branches refuse to let you withdraw cash. I think that's scary.
And I think that is the reason why this cashless society might happen in the far future since the technology are still not that developed to support a lot of people that will be having a transaction all day all night long. A lot of congestion and other problems will surely happen. But I guess with developed crypto currencies in our time, I guess that will be happening more quickly.
It's very good imagination for us who use crypto currency because it will be easy to us but how about to those who don't know about the crypto world, maybe they will prefer to use credit cards only. But this will only happen in the progressive and high tech. country.
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?
There are some countries who is already implementing it. Yes, it's a very convenient scenario no worries. I, seldom going out without money because most of the time I am not checking if I still have cash on my wallet, so if cashless society happens it is favorable for me. I will not worry if I am going to buy then find out I don't have cash on my hand as long as I have my mobile phone. Cashless society is the future, but to make it effective into the entire operations each and every government needs to accept the digital growth. Right now very few countries around the world prioritize and adopt digital currency. If every country think similar to Japan, we can make a cashless society in a very small time period.
It is a good to the community as we don't have to use our time just to pay or buy what you want. Because of that we can spend most of our time for work and families and friends. If some country won't even adopt digital currency it would be hard to those who struggle thinking of a way to manage time for work, family bonding or friend bonding, why? because time is precious so don't waste it for nothing or to useless things. 
For me this will happen in future, i do not know if this will be trend with crypto or other method of payment but cashless world is like 99% sure for me cause technology will be developing and with every year it will be only faster and faster.
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?
Thats only for imagination but this will never happen.we all know that world cant stand without cash,because world cant hold internet for a lifetime,in that chances only cash can be used ,so the reality is cryptocurrency and fiats must live together to serve the people of the world
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 the future of every nation. Everything now is going to be innovative. New technologies are arising that would really lead to cashless transactions. I can imagine a cashless society a convenient and easier way of trasacting,
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