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Topic: It is possible that bitcoin will use nowadays in cash less transaction? - page 6. (Read 952 times)

hero member
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You need to understand the reason behind the push for cashless society - and it's not the spread of germs through paper money. Governments want cashless society because it allows them to track everyone, banks and payment companies want cashless society because it's more profit to them. Advertisers want cashless society because tracking allows them to deliver targeted ads.

All those parties aren't interested in Bitcoin, because it doesn't allow them to achieve those goals, so Bitcoin would never be a part of it. You won't see governments telling their citizens to use Bitcoin instead of cash.

Cashless money is what people in society need to believe that bitcoin exist,even government do not believe in bitcoin because some of them are seeing it as an avenue to scam people in society, but is good to be paid with bitcoin but the problem is that not everyone have basic knowledge of cryptoccurrency and some don't really know the values.
hero member
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They don't necessarily need to use Bitcoin, they can create their own and peg that to their fiat, and on their defense, they reason out mostly because of qol improvements, since a cashless society has a lot less bothersome issues after all, but as @hatshepsut93 said, they can also track them through everything they do, though they don't necessarily announce that they do such actions. Besides, I'd mostly describe the government as control freaks, though they have varying levels, like how China is compared to other countries, so I really doubt they'd be using BTC. As I said, they'd rather create their own, just look at how China's digital yuan is under works already.
legendary
Activity: 3024
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You need to understand the reason behind the push for cashless society - and it's not the spread of germs through paper money. Governments want cashless society because it allows them to track everyone, banks and payment companies want cashless society because it's more profit to them. Advertisers want cashless society because tracking allows them to deliver targeted ads.

All those parties aren't interested in Bitcoin, because it doesn't allow them to achieve those goals, so Bitcoin would never be a part of it. You won't see governments telling their citizens to use Bitcoin instead of cash.
full member
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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?
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