Paper Money vs. Digital Currency

[rizen337]

Have been using paper money as long as I can remember and I don't blame the people for having so much trust in it and they fear digital money because of the scam stories they have heard about it, also not everyone has caught up with the technological world a more reason why people still use fiat over crypto, they don't understand what is a crypto wallet or how to operate it, all this are the major barriers holding crypto from mass adoption,if we can break this barrier then crypto will massively adopted even in the rural areas.

I have not heard about the introduction of cryptocurrency in rural areas, if it is not difficult to give a couple of examples. As for paper currency, many people are just more familiar, more convenient to use paper currency.

in some countries, people in rural areas do not even have ATMs or payment terminals because banks do not want to service remote systems. Perhaps cryptocurrencies and online payments using cryptocurrency would be a good way out, but for the countryside today, cryptocurrency is unavailable due to lack of knowledge.

Yes, the countryside lags behind in the development of cities and they simply do not need cryptocurrency.

[Freemind]

That is another negative point, the rural areas far from the population centers. As you are commenting in rural areas, banks are not interested in putting ATMs due to the high cost of the service and the little use that citizens will give it, but it must also be borne in mind that in most rural areas there are no Internet connection, at least in my country. And without internet connections, citizens of those areas won't be able to use cryptocurrencies either, so the problem is twofold, the lack of infrastructure and the ignorance of cryptocurrencies.

[legend45]

in some countries, people in rural areas do not even have ATMs or payment terminals because banks do not want to service remote systems. Perhaps cryptocurrencies and online payments using cryptocurrency would be a good way out, but for the countryside today, cryptocurrency is unavailable due to lack of knowledge.

I think It's a good idea , crypto will be a good solution for country side if don't even ATMs. But we must consider about internet connection. If the countries side have internet connection, I think crypto currency will be used at there. They have to learn about crypto as payment

[Riddi]

I personally prefer digital currency more about this.  But paper money is still in circulation in my country. Paper money is used for all kinds of transactions.  So everyone in my country prefers paper money.  They can easily buy and sell any product with paper money.  So I keep saving paper money right now.  But hopefully in the future when the circulation of digital currency increases, everyone in my country will be interested in digital currency.

[dolcefarniente]

If I have both paper money and digital currencies, it means that I just have two opportunities to pay or buy something, instead of one. If electricity is cut off all over the earth, then any money will lose its value. But such a scenario is unlikely.

[rizen337]

If I have both paper money and digital currencies, it means that I just have two opportunities to pay or buy something, instead of one. If electricity is cut off all over the earth, then any money will lose its value. But such a scenario is unlikely.

I completely agree that you cannot have all your savings in electronic currency, there must be at least a small amount of savings in paper currency

[MishaSER]

That is another negative point, the rural areas far from the population centers. As you are commenting in rural areas, banks are not interested in putting ATMs due to the high cost of the service and the little use that citizens will give it, but it must also be borne in mind that in most rural areas there are no Internet connection, at least in my country. And without internet connections, citizens of those areas won't be able to use cryptocurrencies either, so the problem is twofold, the lack of infrastructure and the ignorance of cryptocurrencies.

Unfortunately, this is the real world, if it is very bad in the village, then the best way is to move to live in the city when you are a student. You can also organize a fundraiser to connect the Internet from the nearest city.

[Freemind]

Unfortunately, this is the real world, if it is very bad in the village, then the best way is to move to live in the city when you are a student. You can also organize a fundraiser to connect the Internet from the nearest city.

That would be an option @MishaSER, but not everyone can go to town. There are people who do not have the economic capacity to do so, especially the elderly, the little money they have is used to send their children or grandchildren to study in the city. I think being able to use the internet in rural areas with StarLink would be a good solution for all those citizens.

[rizen337]

Unfortunately, this is the real world, if it is very bad in the village, then the best way is to move to live in the city when you are a student. You can also organize a fundraiser to connect the Internet from the nearest city.

That would be an option @MishaSER, but not everyone can go to town. There are people who do not have the economic capacity to do so, especially the elderly, the little money they have is used to send their children or grandchildren to study in the city. I think being able to use the internet in rural areas with StarLink would be a good solution for all those citizens.

Everything is gradually moving towards this, technologies are being introduced more and more. I think everyone should have the Internet, for this is the future.

[therozaq]

If I have both paper money and digital currencies, it means that I just have two opportunities to pay or buy something, instead of one. If electricity is cut off all over the earth, then any money will lose its value. But such a scenario is unlikely.

Yes, I think for now, we still use both. Paper money and digital currency, We cannot replace paper money with digital currency. As you said, we have two opportunities to pay and buy something. We can use paper money or digital currency.

[kent47400]

Don't persuade everyone to enter cryptocurrency but let them understand for themselves what cryptocurrency is because cryptocurrency is full of uncertainty.
It is better for us to keep quiet and continue to develop our expertise in cryptocurrency trading because every day there is always good in cryptocurrency changes and this is definitely more convenient for us than persuading everyone to enter cryptocurrency.

[Delgboke]

We are talking about technology in the Cryptocurrency asset that uses internet money like digital asset, like internet money since people have grow up with paper money and it looks like it's difficult to adopt because people believe that anything from internet is not real with that mentality people are always left out in the era of digital currencies.

[rizqillah]

We are talking about technology in the Cryptocurrency asset that uses internet money like digital asset, like internet money since people have grow up with paper money and it looks like it's difficult to adopt because people believe that anything from internet is not real with that mentality people are always left out in the era of digital currencies.

Yes, I see many people believe that anything from internet is not real, but It will take several years again. maybe they didn't know about technology and crypto currency. I think Paper money will be replaced by Digital currency.

[leodiaz]

actually, paper money or digital currency have their respective advantages. not everyone knows or can accept digital coins for their daily life. maybe people who already know will prefer digital coins for their own reasons, which is certain if using digital coins should really be more careful.

[Churphans]

Papar money and digital currency both are very important but it varies from counties to countries because where digital currency are accepted there from digital currency more popular than paper money