Topic: It is possible that bitcoin will use nowadays in cash less transaction? - page 2. (Read 948 times)
October 05, 2020, 10:51:34 AM
Actually, I just recently saw in our local news that the government is suggesting a cashless way of paying private companies employees because they think it will help to lessen the possibility of getting infected by the virus. However, things they mentioned in adapting the cashless method are more on banks, digital transactions, and e-wallets, and they didn't even mention crypto or bitcoin. I think when governments talk about cashless transactions, they focus more on those options which are centralized, unlike bitcoin so I think it doesn't mean that they will be more open to bitcoin since it still depends on how they view crypto.
October 05, 2020, 10:14:13 AM
Nowadays government thinking is a cashless society to avoid corona virus spread out to the community or society. It is possible that the bitcoin will used in different transaction? Many country nowadays are imposing the system of cash less basis of any transaction. Specially, particular in buying commodities in the department store, petroleum product in gasoline station. even in transportation government impose a cash less payment. Since bitcoin is one of the most popular digital currency in the world, do you think government adopt bitcoin as form payment in cash less transaction in our society?
I wish what you said would be true but sadly it isn't because the many Governments are against bitcoin which is why they are not legalizing it in their countries.The motive for Governments encouraging cashless transactions is different and I don't think they will approve bitcoin as a payment method any time soon.
Bitcoin is to track and it's volatility is currently high for payments and this is why many merchants don't prefer bitcoin as a payment method.
Governments will only encourage their fiat payment methods for digital transactions now but as transactions get digital in future we might have the chance to see bitcoin as a payment method.
October 05, 2020, 10:02:56 AM
I think it is impossible that government will adopt bitcoin or any other form of cryptocurrency, first is that bitcoin is a currency that has no stable value which means it will be difficult to implement, second it is because they will prioritize in the currency in their country to benefit them.
October 05, 2020, 09:27:49 AM
I do not believe that the government adopting cashless policy means the government is going to adopt bitcoin and other cryptocurrencies. The concept of cashless policy is to make transactions without the use of cash and it has been in existence for quite a while now even before bitcoin gained this much popularity.
It is important to note that cashless policy is exactly the reason there have been credit cards, bank transfer and even the use of POS. If cashless policy can be enforced using the aforementioned methods, then the government has no reason to adopt bitcoin. Another reason the government won't adopt bitcoin so readily is because transactions can be tracked using the methods I mentioned earlier and not with bitcoin. The government wants to be in control of our money and bitcoin does not give them this advantage.
It is important to note that cashless policy is exactly the reason there have been credit cards, bank transfer and even the use of POS. If cashless policy can be enforced using the aforementioned methods, then the government has no reason to adopt bitcoin. Another reason the government won't adopt bitcoin so readily is because transactions can be tracked using the methods I mentioned earlier and not with bitcoin. The government wants to be in control of our money and bitcoin does not give them this advantage.
October 05, 2020, 08:13:37 AM
Nowadays government thinking is a cashless society to avoid corona virus spread out to the community or society. It is possible that the bitcoin will used in different transaction? Many country nowadays are imposing the system of cash less basis of any transaction. Specially, particular in buying commodities in the department store, petroleum product in gasoline station. even in transportation government impose a cash less payment. Since bitcoin is one of the most popular digital currency in the world, do you think government adopt bitcoin as form payment in cash less transaction in our society?
well Bitcoin and cryptocurrency is far from being used by the whole world because many countries are still against this and also there are other online payments that available in any countries so why need to have Bitcoin if they can have their own system?this is the mindset of other government for not letting bitcoin enter their economy.
BTC will increase in adoption from a cashless society, but not because of governments adopting it. It will see more usage as people want privacy and uncensorable transactions.
lol if the government will not adopt bitcoin then this cashless society will never happen in all parts of the world though there are some that might be . October 05, 2020, 07:49:29 AM
BTC will increase in adoption from a cashless society, but not because of governments adopting it. It will see more usage as people want privacy and uncensorable transactions.
October 05, 2020, 06:23:53 AM
I think so, people will buy bitcoin as digital money and online payment are getting more and more popular, and it should be, because money in the future should be digital not an paper, it's just matter of time.
I think the world needs more time to use bitcoin as digital money. Besides that, people in many countries now have another option to use digital money, which is not bitcoin because many countries now join with third parties such as financing applications to help their members pay the transaction using the applications. So people now prefer to use that digital money than the crypto. But I am sure in the future, people will realize that the crypto can also be used for the payment system, and we need to be patient.Meanwhile, on the internet, merchants are trying to apply the crypto as the payment, so people who have crypto can try to pay using the crypto. If that can grow, we will see a new payment system on the internet, and maybe that can impact the offline store worldwide.
October 05, 2020, 05:02:09 AM
I think so, people will buy bitcoin as digital money and online payment are getting more and more popular, and it should be, because money in the future should be digital not an paper, it's just matter of time.
Do you think about that? Honestly, it's unlikely for me to imagine that the future of our societies' money system to be digital at all. I mean, not all will be able to adjust on this kind of system. Probably most of the people in our world can but the others should not be left unless they don't allow themselves to have a digitalized monetary system even their governments are trying to help them out.
Nowadays, we can already say that bitcoin took a huge step to be some aid for some people's aim/dream to have a cashless society, which aims to be used globally. And in this times of pandemic, this is a big help to prevent more transmission of virus.
October 05, 2020, 03:54:14 AM
I think so, people will buy bitcoin as digital money and online payment are getting more and more popular, and it should be, because money in the future should be digital not an paper, it's just matter of time.
October 05, 2020, 01:40:16 AM
Essentially, if we are talking about cashless society, bitcoin is an ideal currency for cashless transactions. However, its use will not be forced by any government, they are not going to adopt bitcoin even if its advantages during pandemics are obvious almost for everyone. You may be wondering why an ideal currency is not equaly ideal for everyone. It is mostly because of the fact that cashless society per se is not for the preventing the spread of virus of whatever kind. Virus is just an excuse. Almost all severe restrictions that have ever been applied are not for your protection, but for controlling you. With bitcoin it is just a lot easier to avoid being controlled, that is why it will not be adopted by governments.
October 05, 2020, 01:16:52 AM
It is how it should be but people see it more as investment rather than cashless transaction.
And when it comes to cashless transactions they would prefer to use banks or other online payment instead of paying with their crypto.
I don't think majority of the people who have crypto bought it for that purpose the bought it to gain profit not to use for a cashless transaction.
And when it comes to cashless transactions they would prefer to use banks or other online payment instead of paying with their crypto.
I don't think majority of the people who have crypto bought it for that purpose the bought it to gain profit not to use for a cashless transaction.
October 04, 2020, 07:49:51 PM
I don't think that's possible. This is only possible where there is paper money. The government has done a lot to help the people in their country's corona situation by doing this. This is currently almost impossible to do in the case of Bitcoin. There are still many countries that do not approve Bitcoin for their country, They declared the use of Bitcoin illegal for there country people.
With or without government restrictions. Bitcoin has been and is still being used as a means of payment between people in the cryptocurrency community. In a transaction, the most important thing is trust, comfort and agreement between the seller and the buyer. Both sellers and buyers already know the legal basis and risks of transactions using bitcoin. As long as the goods purchased are paid for in accordance with the agreement, whatever form of money is not a problem along with the existing conveniences, starting from exchangers to other online financial platforms.
October 04, 2020, 10:50:26 AM
I don't think that's possible. This is only possible where there is paper money. The government has done a lot to help the people in their country's corona situation by doing this. This is currently almost impossible to do in the case of Bitcoin. There are still many countries that do not approve Bitcoin for their country, They declared the use of Bitcoin illegal for there country people.
With or without government restrictions. Bitcoin has been and is still being used as a means of payment between people in the cryptocurrency community. In a transaction, the most important thing is trust, comfort and agreement between the seller and the buyer. Both sellers and buyers already know the legal basis and risks of transactions using bitcoin. As long as the goods purchased are paid for in accordance with the agreement, whatever form of money is not a problem along with the existing conveniences, starting from exchangers to other online financial platforms.
October 04, 2020, 05:45:28 AM
I think bitcoin as cashless payment would be a great idea for a country, it will help them to avoid the possibility of spreading the virus and it will also help them to track any good transactions of every citizen, they can also track some criminal activities because of cryptocurrency unless those criminals are using monero. I am hoping that these things would also be implemented in our own country because it is really helpful, we don't need to go for any banks to process some of our transactions because we can do it only on our home.
But the problem is, only a few countries adopt the usage of cryptocurrency so it's very impossible to implement bitcoin as cashless payment. It's a great idea but hard to implement. I doubt that it will become helpful because some aren't techy enough to control a simple mobile app.
Regarding on criminal activities, those criminals will obviously use bills for their crimes to avoid tracing.
Only huge amount of money are being done through online because they can't hide those money.
October 03, 2020, 11:26:34 PM
It is not just crypto but other online payment as well it could really help us to avoid having physical contact to keep our own or our house virus free.
I think it would be a good idea to use one right now I started paying through online wallet or online banks if the store accepts those kind of payment it is easier and faster compare to Fiat because they doesn't need to count for our change when we pay with higher bill.
I think it would be a good idea to use one right now I started paying through online wallet or online banks if the store accepts those kind of payment it is easier and faster compare to Fiat because they doesn't need to count for our change when we pay with higher bill.
October 03, 2020, 11:14:58 PM
Bitcoin, no doubt used in many e-commerce sites, to make online payments, but if you see it as cashless way of payment method, then it cannot be possible.
The simple reason for this is the volatile nature of the coin, the price fluctuates a lot, and this will not help to maintain the 1:1 rate.
Moreover there are many countries which already banned Cryptos.
So it's useless in debating about the fact, that it can be added as a cashless method of transaction.
The simple reason for this is the volatile nature of the coin, the price fluctuates a lot, and this will not help to maintain the 1:1 rate.
Moreover there are many countries which already banned Cryptos.
So it's useless in debating about the fact, that it can be added as a cashless method of transaction.
October 03, 2020, 10:40:53 PM
I think bitcoin as cashless payment would be a great idea for a country, it will help them to avoid the possibility of spreading the virus and it will also help them to track any good transactions of every citizen, they can also track some criminal activities because of cryptocurrency unless those criminals are using monero. I am hoping that these things would also be implemented in our own country because it is really helpful, we don't need to go for any banks to process some of our transactions because we can do it only on our home.
October 03, 2020, 10:32:50 PM
I don't think that's possible. This is only possible where there is paper money. The government has done a lot to help the people in their country's corona situation by doing this. This is currently almost impossible to do in the case of Bitcoin. There are still many countries that do not approve Bitcoin for their country, They declared the use of Bitcoin illegal for there country people.
It seems so, and it will still take a while for bitcoin to become legal or become a state-approved transaction tool.and various cases of bitcoin make the government hesitant even some countries ban it and that will make bitcoin take longer to become legal, and as long as I can still use bitcoin individually and make any transactions by converting it into banknotes I feel grateful and more luckier than nothing.
Bitcoin legalization is another thing, but does majority of the crypto enthusiast or Bitcoin enthusiast are willing to spend their cryptos to buy essential and luxury stuff?
I think no, as majority of us considered Bitcoin as a store of value and an asset that'll give us folds of profit in a long term perspective.
This is the area where Bitcoin struggles for mass adoption. People aren't using Bitcoin as a currency, though there were few who does, but many aren't.
This is also the reason why some of the merchants stop accepting Bitcoin or crypto as it lacks usage.
October 03, 2020, 08:39:47 PM
I don't think that's possible. This is only possible where there is paper money. The government has done a lot to help the people in their country's corona situation by doing this. This is currently almost impossible to do in the case of Bitcoin. There are still many countries that do not approve Bitcoin for their country, They declared the use of Bitcoin illegal for there country people.
It seems so, and it will still take a while for bitcoin to become legal or become a state-approved transaction tool.and various cases of bitcoin make the government hesitant even some countries ban it and that will make bitcoin take longer to become legal, and as long as I can still use bitcoin individually and make any transactions by converting it into banknotes I feel grateful and more luckier than nothing.
October 03, 2020, 07:20:45 PM
I don't think that's possible. This is only possible where there is paper money. The government has done a lot to help the people in their country's corona situation by doing this. This is currently almost impossible to do in the case of Bitcoin. There are still many countries that do not approve Bitcoin for their country, They declared the use of Bitcoin illegal for there country people.
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