Is the cashless society nearing?

[Thymoty]

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.

[yurez]

Paper money has to be withdrawn from the account when I go to the hairdresser, as they only accept cash.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.

[Freemind]

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.

[Fenix]

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.

[nicecrypto]

Paper money has to be withdrawn from the account when I go to the hairdresser, as they only accept cash.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.

[bitbit97]

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.

[Tristanerus]

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.

[labonikhatun]

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.

[jhm]

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)

[LaZim]

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.