Paper money vs Digital currency - page 4.

Sayeds56

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Quote from: Yamifoud on January 24, 2021, 06:55:00 PM

Quote from: Rehan Zakir on January 09, 2021, 01:38:38 PM

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we convince the peoples to adopt digital currency? Huh

We can't deny that majority still not know about Bitcoin, cryptocurrency, and the said purpose. And majority still using fiat money. However, as we are evolving into new opportunities where we can simplify our works and can do it easily, we have this great innovation. Fiat money to Digital currency is what we have now.
Adoption will never be that easy, it takes many years before it fully understands and fully supported. We don't need to convince people to use this as it was just another option but we just let them discover and appreciate crypto.

Crypto currencies adoption is rapidly growing worldwide. 2020 was very good year when BTC was making Headlines on all News channels, but it will long take time before it replaces Fiat currencies. This is ground breaking and disruptive Technology for the payment system so it won't be accepted so easily. The security risk associated with this industry is a real challenge and How they meet this challenge, that remains to be seen.

Rehan Zakir

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Quote from: Nhor1011 on January 24, 2021, 01:18:40 PM

Quote from: budi691 on January 24, 2021, 11:17:39 AM

blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.

What about those people still lived in remote areas without electricity, no internet connection and doesn't know how to use even cellphone? How they can adopt and use digital currency easily? I think even in the future it will become difficult for them and I believe despite of the existence of digital money or currency, people will still use fiat money because it was issued by the government. Unless government will replace fiat money with digital money, it could force the people to use the digital money.

I am agree with your suggestion. There are many places where people don't know the internet and they don't have the internet service. So, without internet bitcoin is difficult to transfer. So, it is also a very difficult task for the adoption of the Bitcoin in all over the world.

Yamifoud

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Quote from: Rehan Zakir on January 09, 2021, 01:38:38 PM

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we convince the peoples to adopt digital currency? Huh

We can't deny that majority still not know about Bitcoin, cryptocurrency, and the said purpose. And majority still using fiat money. However, as we are evolving into new opportunities where we can simplify our works and can do it easily, we have this great innovation. Fiat money to Digital currency is what we have now.
Adoption will never be that easy, it takes many years before it fully understands and fully supported. We don't need to convince people to use this as it was just another option but we just let them discover and appreciate crypto.

saffira

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Quote from: Rehan Zakir on January 09, 2021, 01:38:38 PM

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we convince the peoples to adopt digital currency? Huh

I still prefer to have both paper and digital. It is hard to replace paper money. Not everyone are aware of cryptocurrency. Many people dont even have phones.
Both currency are good, it has different use.. No need to convice people to adopt digital currency. Besides paper money is safer. You can not use crypto on wet markets or street foods. Think of it, even hundred years later, I believe paper money will exist.

Twentyonepaylots

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Paper money still works, but is inconvenient in an environmental standpoint, the production, even the resources it's value is based too, continously depletes our planet's life-giving qualities. While on the other hand, Digital Currency, which is primarily powered by electricity is much cheaper to make, safer to keep, and most of all, is safer for the environment as there are more ways to gather electricity than oil per se. So there's the difference between the two.

error08

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Quote from: Rehan Zakir on January 09, 2021, 01:38:38 PM

~
But there is a huge difference between both these two types of currencies.
-
So, how we convince the peoples to adopt digital currency? Huh

are you referring to digital currency such as bitcoin or digital fiat currency? as paper money could be used in form of digital since people have been using it seamlessly integrated into the payment methods. No need to convince people to use bitcoin, it meant to be an alternative, not to replace contemporary fiat currency, unless the country broke then bitcoin is a good option for the citizens, although the developers still have to make sure to resolve scalability problem to perform as convenient as fiat currency.

Lanatsa

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Quote from: Nhor1011 on January 24, 2021, 01:18:40 PM

Quote from: budi691 on January 24, 2021, 11:17:39 AM

blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.

What about those people still lived in remote areas without electricity, no internet connection and doesn't know how to use even cellphone? How they can adopt and use digital currency easily? I think even in the future it will become difficult for them and I believe despite of the existence of digital money or currency, people will still use fiat money because it was issued by the government. Unless government will replace fiat money with digital money, it could force the people to use the digital money.

Why would really be having such transition if both things can really be dealt together? Its true that there are remote places in the world wont able to rech out
when it comes to technology knowledge and capacity which means there are people who would really be falling behind on this when it comes to tech
and other related ones.

Paper fiat would exist no matter what because its just impossible for Government to switch up fully on digital scale without having those reconsiderations.

There's no need for some versus because both are just the same on giving out the same usage.It might be different on how its done but overall
it was just still the same.

Nhor1011

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Quote from: budi691 on January 24, 2021, 11:17:39 AM

blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.

What about those people still lived in remote areas without electricity, no internet connection and doesn't know how to use even cellphone? How they can adopt and use digital currency easily? I think even in the future it will become difficult for them and I believe despite of the existence of digital money or currency, people will still use fiat money because it was issued by the government. Unless government will replace fiat money with digital money, it could force the people to use the digital money.

Casdinyard

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Quote from: Rehan Zakir on January 09, 2021, 01:38:38 PM

So, how we convince the peoples to adopt digital currency? Huh

Been discussed for the nth time. More people are using paper money because it is widely and more accepted compared to digital currencies, especially in the case of cryptos. Paper money is receiving more support from all governments and that makes sense more people are into it than to digital currencies wherein most of the time, in some places, the elite ones are the ones who are into such payment method since they are the ones who are more into convenience, likewise in my ountry wherein digital currencies are a bit complicated to use for those people who are not into technology.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

I have a different perspective about paper money vs digital money.
Digital money will makes you spend more money.
https://www.fool.com/the-ascent/banks/articles/mobile-wallet-causes-more-spending/
It happen on most people, or at least me.
It always be a good and bad side, depend on how and on which situation you see it.

budi691

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blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.

Yatsan

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People have their own different perspectives regarding digital currencies and paper money for it have something to do with their tradition and daily lifestyle into which they are already familiar upon using paper money for their daily life situation than using digital currencies that is quite or literally unfamiliar to them and that the same thing applies for those people using digital currencies rather than fiat. Both digital and paper money have their own essential usage depending upon the user for the reliance also matters into which type of payment method will be applicable for them as a being. There are people that might be one sided on choosing only one but there are also people that can adapt on using both. We must not push force for those who finds comfortability on using paper money than digital currency and vice versa for it is their own will and choice.

kramat

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Paper Money price is not change but country to country paper money change but it not easy to use all country.
Digital currency is any time to use and easy to exchange any country currency. Digital currency is any time to price will be increase. So digital currency is helpful to future savings.

Terrell

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Digital Currencies Won't Replace US Dollar Anytime Soon: IMF Chief Economist. The chief economist at the International Monetary Fund (IMF) has said digital currencies are not about to challenge the U.S. dollar's pivotal role in global trade.

Sayeds56

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Quote from: death69 on January 12, 2021, 03:11:27 PM

There is a shift from paper money to digital money already. In my country, although it is a third world country, I can see it quite clearly that my people frequently use digital wallet which contain their money to purchase goods, book transportation and pay for bill. These wallets, however, are centralized by the government and based on fiat but they are extremely useful because it boosts the speed of transactions as well as raise the awareness of technology.

Despite of the fact that new technologies are implemented, it is hard for bitcoin to be accepted in my country due to many black-hat activities. Crimes are abused cryptocurrencies to defraud people and launder money. Moreover, no country wants their citizen to bypass the centralization with these wonderful investments

Well said. It is true that adoption in 3rd world world countries is difficult because corruption has deep roots in society and even worst things is that Politician do very little to eradicate corruption from their country in stead they become part of it. I believe that adoption of digital currency will be quick in Developed countries and then it will trickle down to developing world. There has to be a Political will from Governments side to adopt this great Technology.

death69

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There is a shift from paper money to digital money already. In my country, although it is a third world country, I can see it quite clearly that my people frequently use digital wallet which contain their money to purchase goods, book transportation and pay for bill. These wallets, however, are centralized by the government and based on fiat but they are extremely useful because it boosts the speed of transactions as well as raise the awareness of technology.

Despite of the fact that new technologies are implemented, it is hard for bitcoin to be accepted in my country due to many black-hat activities. Crimes are abused cryptocurrencies to defraud people and launder money. Moreover, no country wants their citizen to bypass the centralization with these wonderful investments

Bitcoin577

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Bitcoin is not accepted as a payment system in many countries including big cointries Like USA. We can jope for now only but reality is that note currency working as agood payment syst till now.
In future we can say if big countries accepted bitcoin as a payment system then it possible that cryptocurrency will be used in place of paper notes.
Both have own importance and different use. One cannot ne preferred over other.

cryptoonews

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sallybein987

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Such a future, of course, might be a disappointment to many libertarians and tech-savvy investors who are pinning their hopes (and in some cases their money) on private cryptocurrencies such as bitcoin.

pinggoki

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Mate you don't need to compare those 2 because they are both important. Paper money is the one you are using in order to buy products and goods from the mall and on the other hand digital currency is what we are using in order to invest or trade, however there are people and some store or shops that are accepting digital currency as a payment but not all of them are capable of it. We are using paper money in order to exchange goods and that's it. We don't need to push other people to use digital currency because not everybody are capable of knowing it.

Topic: Paper money vs Digital currency - page 4. (Read 1317 times)