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Author Topic: Paper Money vs. Digital Currency  (Read 16463 times)

Offline tonymillions84

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Re: Paper Money vs. Digital Currency
« Reply #150 on: June 15, 2021, 11:55:54 AM »
paper money or fiat is centralized and been controlled by financial bodies and government. it is a means of separating the rich and poor in our society. if there could be a means of preventing traders or anyone from buying crypto using fiat, it should be promoted because both currency serves the same purpose but different utility.
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Re: Paper Money vs. Digital Currency
« Reply #150 on: June 15, 2021, 11:55:54 AM »

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Offline doc

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Re: Paper Money vs. Digital Currency
« Reply #151 on: June 15, 2021, 03:30:55 PM »
The majority of people in the world believe in paper money. They believe it is used to buy and sell goods and services. A currency that is physically visible to the world.
But the world to come is the world of digital currency. Because it's an easy and reliable way to send and receive money anywhere in the world. We can send or receive money in minutes.
But there is a big difference between the two currencies.
Therefore, it is very difficult to adopt digital currency worldwide. Because consumers are not familiar with this new technology and they are not willing to use this payment method. Because they still don't believe in this technology.
So, how do we persuade people to adopt digital currency?

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If you talked about digital currency and paper money, I think digital currency will take along years again be more popular.
Well, paper money is familiar and has been used by many people as their payment at the world.
But I think digital currency will be more needed at the coming future, we will see the digital era.
So, no worries about crypto currency.

Offline Crypto_lover

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Re: Paper Money vs. Digital Currency
« Reply #152 on: June 16, 2021, 08:31:58 AM »
Your opinions are right about paper currency and Digital Currency like bitcon.
Digital currency has many advantages like you can transfer money within a short time and with a lower transection fees.Thats why in near future digital currency will be used in most of the sector.
Digital currency will be adopted in mass level when we spread it's Advantages.
To know the differences and advantages between Traditional currency and Cryptocurrency you can visit this article-
Article

Offline Abubakar56

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Re: Paper Money vs. Digital Currency
« Reply #153 on: June 17, 2021, 10:27:24 PM »
I believe lot's of people really believe in paper money over digital currency because they don't really know much about digital currency but I believe in the nearest future lot's of people will definitely get to know about it. I believe there is still need for awareness to make people know more about it they have to know how it works how easy and reliable it is.

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Re: Paper Money vs. Digital Currency
« Reply #154 on: June 18, 2021, 06:48:35 AM »

Bitcoin and paper currency will be used equally in the future, Bitcoin will be used by modern people who are looking for the convenience of being able to transact, while traditional people will still choose paper money.
The adoption of electronic money is growing rapidly and if it continues which I know it would then in the future we may not see the much use of the fiat anymore, there are already plans of countries creating their own E-money, hopefully the adoption will rise and Electronic money will take over the future.
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Re: Paper Money vs. Digital Currency
« Reply #155 on: June 18, 2021, 08:45:54 PM »
Paper money vs Digital currency that means these two are face to face . Now realize what currency is good . Before Explain the advantage and disadvantage I will say both are useful to us if we use in good way and safe way . The advantage of Digital currency :
1. It has no risk to carry anywhere in the world .
2. No need to pay extra tax in airport when travel .
3. Safe in security no risk to miss out .
4. Buy anything what people want .

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Re: Paper Money vs. Digital Currency
« Reply #156 on: June 18, 2021, 09:03:46 PM »
Previously, when I was very young, people were not willing to accept bank plastic cards, but over time, it is now difficult to find a person without plastic, with cryptocurrency as well, it takes time and patience, cryptocurrency is the next stage in the development of " money of the future".
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Re: Paper Money vs. Digital Currency
« Reply #156 on: June 18, 2021, 09:03:46 PM »


Offline Papa Bear

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Re: Paper Money vs. Digital Currency
« Reply #157 on: June 20, 2021, 02:05:54 PM »
Everything will be phased out as a dangerous aversion to gold was considered everywhere (vulnerable to robbery) when it was previously used as a trading tool. And then, using banknotes as a trading tool to feed gold (I suspect), I will update the notes as virtual currencies are now vulnerable to inflation.

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Re: Paper Money vs. Digital Currency
« Reply #158 on: June 20, 2021, 03:51:19 PM »
Paper money vs Digital currency that means these two are face to face . Now realize what currency is good . Before Explain the advantage and disadvantage I will say both are useful to us if we use in good way and safe way . The advantage of Digital currency :
1. It has no risk to carry anywhere in the world .
2. No need to pay extra tax in airport when travel .
3. Safe in security no risk to miss out .
4. Buy anything what people want .

I agree with you, I think there are several advantages of digital currency. It is more safety, no risk, and usable to be payment method.
During pandemic paper money will bring covid19 , be careful.
I hope digital currency will be accepted by the government soon.

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Re: Paper Money vs. Digital Currency
« Reply #159 on: June 20, 2021, 07:43:04 PM »
Paper money vs Digital currency that means these two are face to face . Now realize what currency is good . Before Explain the advantage and disadvantage I will say both are useful to us if we use in good way and safe way . The advantage of Digital currency :
1. It has no risk to carry anywhere in the world .
2. No need to pay extra tax in airport when travel .
3. Safe in security no risk to miss out .
4. Buy anything what people want .

I agree with you, I think there are several advantages of digital currency. It is more safety, no risk, and usable to be payment method.
During pandemic paper money will bring covid19 , be careful.
I hope digital currency will be accepted by the government soon.
Yes, digital currency will soon be massively adopted by governments. However, it will not be a cryptocurrency, but their digitalized currency of the central banks. Of course, cryptocurrency will also expand its presence, however, states and their governments will be interested in developing their digitalized currency. It is possible that in this regard, we may even be able to see a wave of strict regulation of the circulation of cryptocurrency.

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Offline Bitstar_coin

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Re: Paper Money vs. Digital Currency
« Reply #160 on: June 20, 2021, 08:18:52 PM »
Besides been different, we have several digital currency that can be use as a means of payment I guess this is what will confuse people the more because when we talk about btc it's transaction feed are quite on the high side same as eth,  this are the 2 major coins that are trusted enough to be use by many but unfortunately they are not cheap when it comes to fees, so it this will be difficult.

Offline jonathancool220

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Re: Paper Money vs. Digital Currency
« Reply #161 on: June 21, 2021, 07:47:37 AM »
This is dilema for cryptocurrency different and i'll choose 2 options in the future.
Digital currency is a new order system that is currently being studied and is an asset that must have super tight security in the digital world.
Paper currency has been loved for a long time and of course there are also many who understand the workings of paper currency rather than digital currency.

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Re: Paper Money vs. Digital Currency
« Reply #162 on: June 25, 2021, 06:48:09 AM »
There is no need to convince people to switch to digital currency, because paper money is the basis of the economy of the whole world, paper money will never leave their business, cryptocurrency will always be an alternative payment system, in my opinion this is completely normal and natural.

Offline Princehaydar001

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Re: Paper Money vs. Digital Currency
« Reply #163 on: June 26, 2021, 11:16:06 PM »
Paper money is a printed currency that is considered worl wide for exchange of goods and services, While Digital currency is relatively related to cryptocurrency where transactions can be done without paper money and the transaction will be successful because the digital currency is more safer to keep than paper money for security reasons and easily carried along due to it been digital and one can not go or live without a smartphone so transaction with digital currency is more valuable because some countries in the world a preparing to move from paper to digital currency.

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Re: Paper Money vs. Digital Currency
« Reply #164 on: October 12, 2021, 10:48:28 AM »
The question here is not faith in paper money. Paper money, ideally, is printed according to the volume of goods and services that can be purchased and that are provided in this state, that is, they are directly related to the economy of the state. Cashless payments in the national currency and the digitized national currency are also associated with the economy of the state, which cannot be said about the decentralized cryptocurrency.
In addition, paper money is the least tracked by government authorities, as opposed to digital currencies, with the exception of cryptocurrencies. Therefore, it is not worth giving up paper money, and this issue will be completely decided by states and their governments.

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