Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on July 02, 2018, 10:52:31 AM
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
It will take a long time and a total change in the system to create a cashless society. Especially in the third world countries. Where a high percentage of the population aren't into technology.
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Yes, it's actually may be the needed answer to cashles society systems. I think in my opinion, is almost at hand.
As cryptocurrency continues to expand throughout the years, hopefully, major merchants, retailers, and stores like Amazon, Walmart, Bestbuy etc, will jump on board and start accepting cryptocurrency. Cryptos is the future of money as can been seen in it some countries acceptance, and many more will embrace it in near future.
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I think people shouldn't rely entirely on high technology. If a big cataclysm happens, people without these technologies will be as helpless as blind kittens. Therefore, we need to save all types of cash payments, including having cash.
Plus, cash is the most untraceable. Cashless society is the complete control of the government over our finances.
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The Cashless economy is far from us if we are being honest because we have more individuals in the world who are not willing or able to use bitcoin and other crypto currency to pay for services or goods. Bitcoin and other crypto currencies are excelling in their own fronts with websites, apps service receiving them for payment on their platform.
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So far, some banks in my country have operated or issued the digital currency and also e-wallet in order to introduce it to society.
And this is being very popular, easy, effective, and efficient enough.
However, fiat paper is still used in daily activities.
And about crypto, this is still not allowed for payment right here
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I agree that cryptocurrency is our future. And it will really take many years for people to start using it. It seems to me that only 1% in the world only uses cryptocurrency, others do not know anything about it (
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The rollout of CBDC will likely be around the world in the next decade and will be an important step in the transition to a cashless society. CBDC will ultimately lead to the complete disappearance of cash.
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Actually, it is already happening now, especially in this time of the pandemic when most stores are accepting e-wallets or banking App with wallets which is already cashless, in my country cashless transaction is rising rapidly and the development of fintech Application which equipped with a lot of functions is also rising very fast more e-wallets are offering services today.
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Currently digital currency has been widely used in countries that have legalized it, but for those who have not, this digital currency has also been widely used for trading and investment. Actually, until whenever this cash currency will still exist, because it will be impossible if it is completely replaced by digital currency.
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Refusing cash altogether is not quite the right decision, no matter how beautiful it looks. High technologies cannot be applied everywhere. And the most tenacious has always been symbiosis in any system.
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cash will always be there at any time even though the world is getting more sophisticated with technology,
cash is like the basic necessities that everyone must have,
digital money may exist but will never replace cash that existed before it
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
there is no way that cryptocurrency can replace native currency. because the original currency is a symbol of the country itself.
although in the future there will be many technological changes, no one country will want to replace native currency into cryptocurrency, unless this world becomes a robot
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n developed countries, the internet has been ubiquitous and everyone has a bank account, and cashless payments have become commonplace. In Sweden, for example, more than 90% of transactions are conducted with the digital money in bank account, but not in paper money. With the development of CBDC, the advantages of transaction costs will encourage people to own and use more digital money.
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Yeah, it seems so. The world was already trying to go digital and cashless by introducing banking apps, cards and stuff but crypto and blockchain has just changed the game and made everything simple, now we do not even need any middleman or third party services and we can go cashless globally by using crypto.
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I totally agree with the op, cashless society can only work if the entire world is well developed in a way that both the young and old have access to the internet and can also operate computers and smart phones easily, taking my country for example, there are several of our fathers and mother here who don't even know what a mobile phone is before we being talking of know how to communicate using mobile phone, if the society decides to go cashless now, how this this set of forks be able to buy and sell,?? This is one of the reasons why I think that cashless society is still very far away.
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If we are talking about the means or matter of payment, fiat currency still becomes the price of money.
So far, many countries still do not legalize cryptocurrency as payment because it must be under the law of them. But if you are continuing to the next level, yeah crypto may be used as one of the but not for replacing fiat or making all payments cashless.
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It is starting actually We can see that many merchants and also banks also create digital currency or creating e-wallet for transaction right ow and they re legal in countries. But for crypto, this is still debatable and some countries are not making them legal. And now, we can see that the world is changinh.
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this is 2021 and i can tell you confidently that the cashless society is far from here; several people are still dependent on fiats for day to day transactions' and even when investments are done with crypto currency; it is usually converted back to fiats for sustainability. Perhaps with time it will be get better but now fiat wins
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In some certain developed counties, this may really happen so easily. However in these early days, many countries also develop their own digital currency. However, it may not be implemented in all countries because they may have different societies in which they may not be ready for it.
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I think we are still far from a cashless society. We cannot use only digital money, cash or fiat is needed. Even if we mostly already use digital money, but I am sure cash or fiat will be always there. We cannot use digital money everywhere, also very old man or kids cannot use digital money. There are still many obstacles to use a single digital currency.
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I think that is not at all. Because I know that someday it may really happen, cashless is probably difficult to be implemented inc ertain countries. Moreover for those who aven left beings. In this case, we can continue with cashless money but still maintain the paper money itsel
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
Cashless in some other way I think was being implemented now in some other things.
Just like using any credit bank card now in different places of the country, Paypal and more.
Even in digital currency or cryptocurrency or Bitcoin was also being accepted as a mode of payment
in the other as well. So, I think for me it is possible to happen in the future but not this time I guess.
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Am not doubting the futuristic of cryptocurrency but what cryptocurrency project owners do at times makes us beginning to have double standard about the future of digital assets despite that some coins and tokens have already shown how futuristic they are but some just show how fake and scammury they can be as their owner future is that means not all cryptocurrency has the future?
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It is starting actually We can see that many merchants and also banks also create digital currency or creating e-wallet for transaction right ow and they re legal in countries. But for crypto, this is still debatable and some countries are not making them legal. And now, we can see that the world is changinh.
Yes, slowly but surely digital currency can be used on platforms such as paypal, banks are still waiting for policies or regulations from each country to be able to accept cryptocurrency, they are only interested in blockchain technology and I believe that one day cryptocurrency will dominate the circulation of world money.
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Currently more and more people are using digital currency for payment instruments, and this shows that modern payment technology such as digital currency can be accepted by the public. But this does not mean that people are close without using cash, because cash is very important, especially those of traditional people.
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This might be right but I don't think it will take centuries. If we take a look the generation right now how they are good in gadgets and how the technology right now is progressing. Plus the digital is being heard globally I can say it will come sooner than what we expect.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
Those generation can not be wiped out just because they have no knowledge about Internet and computer rather development will catch up with them, even if they are in a remote area where this things are not available, some day this things will come to them, everything is process, just because people are ignorant of certain things don't mean they should be wipe of the surface of health, that's too harsh.
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I think cashless society is coming near future because of crypto era we will get benefit from crypto using no wallet. I always believe that in near future cryptocurrency will dominate the world money.
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According to me cashless society totally depends on the number of users of the internet the more and more people will use internet then more cashless society increase so I think new generation is totally cashless.
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I think cashless society is coming near future because of crypto era we will get benefit from crypto using no wallet. I always believe that in near future cryptocurrency will dominate the world money.
I always believe crypto will dominate fiat someday. The right time will come that fiat will slowly fade because the world adopt crypto. Crypto can change the present transaction to virtual way. Crypto wallet is necessary to store crypto funds.
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Sure, we will get there some day but how near can't be predicted. With the way people are embracing decentralized finance tells you more how sustainable crypto will be long tee..
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
Yes, youre right. Crypto currency will take several years again , to replace fiat money. Because we all know many people have used fiat money for along ago, It is really difficult to change their habits. that's my opinion.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
Yes, youre right. Crypto currency will take several years again , to replace fiat money. Because we all know many people have used fiat money for along ago, It is really difficult to change their habits. that's my opinion.
The more technology develops, it will make many people use cryptocurrency as an alternative payment so it is better if you can collect bitcoin or other cryptocurrencies to enjoy a future that can provide a lot of profit because surely in the future the price will be very expensive.
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I hope cash never ceases to exist. The day that cash ceases to exist we will witness a new form of slavery, banks, governments and corporations will be able to control us much more than they do now. The future will undoubtedly be digital, but it should coexist with cash.
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In my opinion, to be like cash, crypto will indeed require a very long process, especially to convince the public. because until now there are still many people who don't know crypto well.
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I think such a generation is never wiped out. People like that always exist. And even if such generation is wiped out, I think cryptocurrency is never can replace fiat. Fiat and crypto are connected together
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I think it needs introduction first, maybe it's more efficient to find a solution directly, yes it might also take a long time, but in my opinion personally
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I believe that in the future we will be cashless society but not totally all people will use cryptocurrency maybe few people prefer to use cash for any reasons like afraid of getting hack, their mobile not functioning just like that. I believe the fiat money will still be exist in the future.
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It is gradually happening the cashless policy era it might take time to engage fully.
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Of course it will be getting closer and cashless will indeed be one of the more efficient payment alternatives because there is no need to use paper money anymore, being cashless during a pandemic is very important because it can reduce the rate of virus transmission.
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It is on its way but it will take a long time to change the full financial and economic system of the world. Also to be a fully cashless society we 100% of the population of earth connected to internet. But there are many places where they doesnt have electricity yet. They cant even have their food on time.
One day the whole financial system of the world will be cashless surely. But it may take a long time to reach that position.
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It may be starting, because many countries have been in the digitalized systems. Moreover right now, many platforms and vendors offer their digital money with ewallet in order to ease the payment, transaction, and other utility. In my country itself, digital money is very popular. BUt for crypto itself, this is still not legal
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yes, not yet, As several big brothers said, I may be starting. I think, crypto currency will take several years more to replace fiat cash. It will need internet be connecting and we all know There are still many that have not been reached by the internet.
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cash will always be there but there will not be much cash circulating anymore, because with technological advances there are already many platforms that provide cashless payment services other than ATMs from banks today,
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There are still many people who are not familiar with Cryptocurrency, I think this community will still be using cash for a long time to come. Because the fact is that people who use this Cryptocurrency are only from certain groups and groups. For traditional people, many are not familiar with Bitcoin and Cryptocurrency.
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There are still many people who are not familiar with Cryptocurrency, I think this community will still be using cash for a long time to come. Because the fact is that people who use this Cryptocurrency are only from certain groups and groups. For traditional people, many are not familiar with Bitcoin and Cryptocurrency.
Yes, that's true , traditional peoples don't familiar in crypto currency, I think It difficult to change their habit that they done for along years ago. Maybe at the next several years when crypto currencies more popular, it will be.
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I would not even want to have a completely cashless society in us. First of all, it should be noted that in any case the currencies of states will play a significant role in non-cash payments in the future. However, unlike paper money, non-cash money allows you to track the balance of each person to the last cent or other national currency. And in many cases, paper money is very convenient to use. People need to be given freedom of choice in the use of forms of cash payments. Cryptocurrency will circulate in society as an alternative means of payment, and it is difficult to determine how much of it will be in demand in the end.
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Yes, maybe generation after us (child and grandchild) who will fully use crypto for everyday life. But for us is still very far to fully use crypto as a payment tool, because we are still living with an older person than us who do not know crypto technology.
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I would not even want to have a completely cashless society in us. First of all, it should be noted that in any case the currencies of states will play a significant role in non-cash payments in the future. However, unlike paper money, non-cash money allows you to track the balance of each person to the last cent or other national currency. And in many cases, paper money is very convenient to use. People need to be given freedom of choice in the use of forms of cash payments. Cryptocurrency will circulate in society as an alternative means of payment, and it is difficult to determine how much of it will be in demand in the end.
This is not true, you can also keep your money so that no one knows. After all, there are many cryptocurrencies that are anonymous and people will definitely find a way to hide their money.
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Yes, maybe generation after us (child and grandchild) who will fully use crypto for everyday life. But for us is still very far to fully use crypto as a payment tool, because we are still living with an older person than us who do not know crypto technology.
If this happens, it will be in a completely different form than it is now. Perhaps there will be some subcutaneous chips, so that a person can always have some money. Now paper money is used everywhere. In taxis, in buses, in distant villages.
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The day that society runs out of cash by order of governments and large corporations, we will be witnessing a new model of slavery. Not only will they tell us on television and social networks what food we should eat, or what next-generation smartphone with a trillion megapixels to buy, they will also tell us what we can do with our money, because at all times they can monitor what we do with it. I hope that cash is never removed from society.
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What is the point of cash anymore? While it can still have its uses, especially between banks, physical money costs a lot to store, transfer and produce. The time of cryptocurrency is getting closer.
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A cashless society is getting closer to us every year. Because we see how famous people acquire cryptocurrency and it becomes more popular. So I think maybe we will soon learn what fiat is.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
I don't think cryptocurrency will ever be able to replace cash, cash is normally an object accepted generally as a means of payment of goods and services. Crypto can be on its on and cash too, I don't think crypto will ever replace cash and the system is better this way. We just need crypto to be accepted all round the world.
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The day that society runs out of cash by order of governments and large corporations, we will be witnessing a new model of slavery. Not only will they tell us on television and social networks what food we should eat, or what next-generation smartphone with a trillion megapixels to buy, they will also tell us what we can do with our money, because at all times they can monitor what we do with it. I hope that cash is never removed from society.
According to you, you shouldn't buy anything, you shouldn't eat anything, you shouldn't look at anything. I love cryptocurrency, do you think someone imposed it on me?)
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I am sure that it is very difficult to completely replace paper money with electronic money. This option is only possible in very developed and wealthy countries.
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No @MishaSER, nobody imposed the cryptocurrencies on you. Have you not noticed that my previous article describes a society absorbed by consumerism in which citizens are bombarded with thousands of advertisements to buy things they really do not need? I have not spoken of impositions :D
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Yes It is not far away that cashless society nearing .In every sectors we choice card where use cash money even we use to transection in amount of money without cash like bikash ,Rocket , e banking . All the Setuation create and we go into so I say yes cashless society is coming very soon.
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I think it's not far from the whole in my opinion personally because there is still a lack of introduction and there are still many who don't understand technology
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In my opinion cashless is still the best payment system. Because cashless is indeed in great demand by the public and is very close to society in general. So that crypto is still unable to replace this cashless.
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@Black ID I don't know about you, but I'm not willing to pay commissions to buy a bottle of water with my credit cards. If cash disappears, we will not only pay commissions for everything, but we would be more controlled than we are now, if cash disappears, as ordinary citizens we will be lost.
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It seems to me now it is difficult to find a person who does not know what the Internet is and who does not have a bank card, but there are people who simply do not want to use these benefits, and we can not force them, so it was , is and will be. :o
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@Evgenklm you would be surprised how many people there are (at least in my country) who do not know how it works or how to use a credit card. Personally, I know people over 60 who don't know how it works, and those who are older don't know it either, they are used to going to the bank and waiting at the window for someone to give them their cash.
If we tell these people that cash is gone forever and that they are going to have to use their smartphone (which they don't know how it works either) or a computer to transact, they would just go crazy.
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All goes to this, but that's how long we will come to this, no one knows, so pay for cryptocurrencies cool, of course, but there will be every time transaction fees, and this is not very
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@Black ID I don't know about you, but I'm not willing to pay commissions to buy a bottle of water with my credit cards. If cash disappears, we will not only pay commissions for everything, but we would be more controlled than we are now, if cash disappears, as ordinary citizens we will be lost.
Agree. Cryptocurrency, is digital cash. Other forms of cash, will come up, as goods, that do not deteriorate over time, and everybody needs it, like laundry powder.
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Define the near lol. I think we will be using cash at least for a decade. There r too many governments still hating cryptocurrencies. There are too many old people who cannot understand or will not want to use this new payment system.
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That's right, in my opinion, this crypto will still be very difficult to replace cashless. Because indeed the crypto system has to change a lot if you want to replace cashless.
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Money cash is still very much needed right now, and it looks like this will continue even though there are currently many Cryptocurrencies. The progress of the era which has been accompanied by increasingly sophisticated technological advances should be accompanied by a modern payment system as well. actually this cryptocurrency has become a solution, but there are still many people who don't know it.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
I think the purpose of cryptocurrency as an alternative money/payment not to replace fiat. Fiat always needed in every country and crypto can't replace it
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Cryptocurrencies can help countries go cashless but there are some issues that have to be sorted out. Which crypto would be solely accepted as payment for transactions (don't forget that we have thousands of cryptocurrencies). Even the high fees on Bitcoin and Ethereum blockchains are another limiting factor that can deter wide adoption of crypto.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
I think the purpose of cryptocurrency as an alternative money/payment not to replace fiat. Fiat always needed in every country and crypto can't replace it
Fiat is not recommended in to use in our actual daily transactions due to virus threat. We are all vulnerable to become affected by covid. In the future Fiat will slowly fade due to digital advancement and convenient use case. It takes time before it come.
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I am Refusing cash altogether is not quite the right decision, no matter how beautiful it looks. High technologies cannot be applied everywhere. And the most tenacious has always been symbiosis in any system. I am really interest.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
Cashless society is near and in my opinion it won't take centuries anymore because we are now in the era where being cashless is the best and perfect transaction because of the virus that we have right now. And people are gradually learning the digital assets.
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Really very interesting
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@Gubre, people are learning to use digital systems, I agree with you, but not 100%. There are people who do not want or cannot learn, due to age, due to mistrust, there are many reasons, and these people cannot be forced to stop using cash. I believe that both forms of payment must coexist.
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Really very interesting
You are spam again. If you continue to do it i will give you negative karma..
Crypto and Fiat are good, you can't leave one of it
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Currently Cryptocurrency is increasingly recognized by the public, many Cryptocurrency coins have become favorites to trade or also for long-term investment. But actually the main function of Crypto is for currency, so in my opinion, it's just a matter of time because society and digital money are very nearing.
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With my comments and opinions I do not want to say that at "some point" society will not stop using cash, What I mean is that for that moment to come, there are many, many years left, decades must pass in which the new generations know how to live in a cashless society before eliminating it completely. And something like that won't happen in 10 or 20 years.
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I want cashless, with a provision for tipping. The delivery boy brings something, and I want to give a tip. I'm walking on the road, and a homeless person, needs a tip. With cash, I can do that fine. Cashless, I cannot. Don't tell me that the homeless, will have a digital wallet, because, he has other needs.
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Cash or fiat will last to exist, I think we need it because it is already a crucial part of our life. It will be difficult to use digital currencies only, not all places in the world can support the use of digital currencies. I also doubt if many countries will support the use of digital currencies 100%, without fiats.
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
agree! am not seeing this to happen in the next 10 years. not unless, every corner of the work accessable by the internet, a cashless society will never come to reality. but I always believe we human race could find a solution to every problem we face.
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It will be a long time before we can say that the era of cash has sunk into summer. Giving up cash now is simply unrealistic for many people. Few countries can claim that the share of cashless payments accounts for the majority of payments. We're not ready yet.
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Several political parties in my country (Spain) began to talk about the possibility of eliminating cash within a few years, the European community said yesterday clearly that this would be totally illegal, and that if it did it would have consequences. Doing that right now would not only be illegal in my opinion, it would be insane and an economic disaster.
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Perhaps, when politicians talk about the complete replacement of fiat money with digital money on the sidelines of parliament, it sounds good. However, in fact, somewhere in the village standing on the outskirts of this will hardly work, there is more likely to start a natural exchange ;)
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I think not, perhaps in a single country, but in general, this is very far away. Personally, I am categorically against the cashless community. And any crypto enthusiast who is friendly with brains against such a development of events. Because otherwise we will definitely pay taxes and it is not known yet the amount of this tax.
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The fight against cryptocurrency has been on to kick cryptocurrency out in the industry.many financial institutions has been in this fight, i know that nothing good comes easy but they cannot stop the existences of digital currency, we all hoping to see cashless society were we dont need to carry money about but through data transfer.
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S we know that banks also have issued their digital coins in which are e-wallet. However will agree that this really can agreee with cashless but this is likely not appropriate yet to ready r, if we are talking about the future and this coin, I eprsonally
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Cryptocurrency is the future as we all know but for it to replace cash will take an incredible good number of years perhaps centuries because there are still a generation among us which do not know anything about the internet and computer and until such generation is wiped out of the surface of the earth, cash will still be in existence.
A completely cashless society, so far from the world of fantasy. Cash, especially in connection with the coronavirus pandemic, will decrease in its circulation, but it will not disappear anywhere. As for the cryptocurrency, it is generally not capable of replacing the national currencies of states in any form. All types of means of payment must coexist together, since each of them has its own advantages and disadvantages. Therefore, there is no need to rush anywhere, time will show in which direction the further development of our money will go.
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In the 1990s, E-wallets were introduced and we still don't know crypto, banks and governments always provide many ideas for digital transaction systems, therefore we know master cards, visas and paypal for cashless payment systems, we still need cash as payment, because some areas or villages are still far from the reach of the internet
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I am sure that the cashless trend will soon come. Because in recent years, if we look at the development of the digital payment market, its users have been increasing every year. So seeing this development, modern society in the future will use digital payments instead of cash.
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Paper money has to be withdrawn from the account when I go to the hairdresser, as they only accept cash. Usually I only use a debit card everywhere, and it is much more convenient than carrying around a bundle of papers and coins.
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That's true @yurez, can be uncomfortable, but anyway I prefer to carry those papers rather than pay commissions when I pay with my cards, If they eliminate the cash we will pay commissions for a bottle of water, when we buy bread... Absolutely for everything, and that only benefits the banks.
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That's true @yurez, can be uncomfortable, but anyway I prefer to carry those papers rather than pay commissions when I pay with my cards, If they eliminate the cash we will pay commissions for a bottle of water, when we buy bread... Absolutely for everything, and that only benefits the banks.
This will also be one of the reasons why many will not want to switch to cashless payment methods. Cash is beneficial to use in many cases and should not be completely abandoned. It should also be borne in mind that the state can hardly track cash, and non-cash money is fully traceable.
Therefore, all payment methods have a right to exist and people themselves must choose which one to choose in a particular case.
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Paper money has to be withdrawn from the account when I go to the hairdresser, as they only accept cash. Usually I only use a debit card everywhere, and it is much more convenient than carrying around a bundle of papers and coins.
Yeah this is understandable and I too prefer using my debit cards than carrying the physical cash around, plus it is much easier when it comes to change when you are paying for something but this cash is in the \bank still controlled by the government so the problem is eliminating the cash for cryptocurrencies, even if they will work the same way, who is going to be in charge? obviously not thr government.
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I dont think that cashless society is somewhere near as there are still people who prefer cash for some reasons. Speaking about business for example. A lot of people can not afford to register as a self-employed persons and even minimum tax, as they put as small as possible price to compete with larger industries, even though quality and taste of their product is much better than the produced on a conveyor.
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I would say yes! Because I observe that online wallet has gradually multiple like and one of my example was coins.ph which is mostly common used here phillipines with regards crypto transactions. And now mordern buses were started to ysec online payment through Qr code that they call " zip pay" (correct if I'm wrong). I doubt to adopt this way because it seems it will not last or I think there's till need more innovative than this way.
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Usually people are conducted in the society in both cash and cashless way for money transactions businesses prefer cash for trade this is not a problem in society. In order to increase the number of scams in online work everyone pays for the work which makes the work field much more convenient.
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I would be a proponent of cashless, for many reasons. Main issue, in my view, the internet still goes go down for people, from time to time. People then struggle with a means to pay, in their life. Cash has its "use", even if an old use (but would be good to remove paper)
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That's true @yurez, can be uncomfortable, but anyway I prefer to carry those papers rather than pay commissions when I pay with my cards, If they eliminate the cash we will pay commissions for a bottle of water, when we buy bread... Absolutely for everything, and that only benefits the banks.
This will also be one of the reasons why many will not want to switch to cashless payment methods. Cash is beneficial to use in many cases and should not be completely abandoned. It should also be borne in mind that the state can hardly track cash, and non-cash money is fully traceable.
Therefore, all payment methods have a right to exist and people themselves must choose which one to choose in a particular case.
Cashless payment is possible only when there is Internet on the whole planet. Without it, it is impossible to pay with a card. So I don't think that's going to happen, not even in this century. Or chip people, and enter all the data there, but very few people will go for it.