Can a country survive without physical currency?

[Chilwell]

Well I don’t know what you mean by “feel safe” but for me, I feel a lot more safer when my funds are not in physical form, i.E in cash or even in the bank, I feel a lot more safer when my money is locked away or stored somewhere I’m sure that I’m 100% I’m control of it. Because if it’s physical form or in my bank, there’s every tendency inflation would feast on it at anytime and it’ll definitely lose its initial value, did you think about it that way?

we (you and i) are in the same page. Because I must confess that I feel an overwhelming sense of security and tranquility when my financial resources are stored in a digital format, I also gain extra protection against unexpected changes in the economy that might threaten the safety of my money.

[Dr.Bitcoin_Strange]

we (you and i) are in the same page. Because I must confess that I feel an overwhelming sense of security and tranquility when my financial resources are stored in a digital format, I also gain extra protection against unexpected changes in the economy that might threaten the safety of my money.

Most definitely, lately I find it really exhausting even moving around with physical cash or fiat, sometimes I just can’t help but to feel like the country and economy would be a lot more better off if everything were to go completely digital and everyone would trade digitally from the least to the highest, because it’ll make things even easier and more convenient for everyone.

[Azharul]

we (you and i) are in the same page. Because I must confess that I feel an overwhelming sense of security and tranquility when my financial resources are stored in a digital format, I also gain extra protection against unexpected changes in the economy that might threaten the safety of my money.

Most definitely, lately I find it really exhausting even moving around with physical cash or fiat, sometimes I just can’t help but to feel like the country and economy would be a lot more better off if everything were to go completely digital and everyone would trade digitally from the least to the highest, because it’ll make things even easier and more convenient for everyone.

Actually, I believe that you could express correct opinion in your comment. Because we know that digital currency is also very beneficial for everyone. We also know that in future world will be provide digital currency everywhere. So I think it will be very helpful for us. Because if we carry physical currency, it will be very risky for any person. But digital currency make safety for us. But if we want to survive without physical currency, it's not be very difficult for us.

[Dr.Bitcoin_Strange]

Actually, I believe that you could express correct opinion in your comment. Because we know that digital currency is also very beneficial for everyone. We also know that in future world will be provide digital currency everywhere. So I think it will be very helpful for us. Because if we carry physical currency, it will be very risky for any person. But digital currency make safety for us. But if we want to survive without physical currency, it's not be very difficult for us.

Indeed carrying physical currency may carry its own risks, but I’m not really concerned more about the risk but the convenience associated. Just imagine going out to get some groceries or something and you take some cash with you for the groceries or whatever you wanna buy and then after getting all you need, you run out of cash and maybe bump into something else you probably need but don’t have anymore cash on you, and the person refuses to accept a mobile transfer but insists you pay with cash, imagine the inconvenience you’d go through just because you don’t have cash with you.

[bitbit97]

I dont carry cash because it isnt convenient. First I dont like when my pockets are full with coins. They are heavy, they damage clothes and wallet. Secondly purchasing can be tricky; people can have no change, the price can turn higher than if you pay by card. For example you need to pay $17,50. With card you would have paid exact amount. With cash seller can have no change and you would pay $20. Or you will put $2.50 in a jar at home, leave in the car, leave as a tip, making the price also be $20 in the end.

Can a country survive without cash? I would say instead that some cities can survive without cash, some not. Large cities can exist easily with digital payment system. In small town, where it is still usual to visit markets, to buy directly from producer it will be harder.

My experience. I pay by phone or by watch. I order food products online and get them delivered. More often I do same with clothes or other items. There are not markets nearby, no small individual sellers. A lot of payments for services I can do with mobile app. 

[milewilda]

Actually, I believe that you could express correct opinion in your comment. Because we know that digital currency is also very beneficial for everyone. We also know that in future world will be provide digital currency everywhere. So I think it will be very helpful for us. Because if we carry physical currency, it will be very risky for any person. But digital currency make safety for us. But if we want to survive without physical currency, it's not be very difficult for us.

Indeed carrying physical currency may carry its own risks, but I’m not really concerned more about the risk but the convenience associated. Just imagine going out to get some groceries or something and you take some cash with you for the groceries or whatever you wanna buy and then after getting all you need, you run out of cash and maybe bump into something else you probably need but don’t have anymore cash on you, and the person refuses to accept a mobile transfer but insists you pay with cash, imagine the inconvenience you’d go through just because you don’t have cash with you.

Physical currency isnt something that we can be able to eradicate in a short period of time or cant really be that possible in despite of the current innovation in terms technology and digital payments but still we've seen that fiat is still that making use because if we do look up around about on the transactions that happen on day to day basis then this is something that you will really be relying with fiat currency on which we cant be able to deny that this is the most convenient and most accessible on making these kind of transactions on which if we do tend to see it on online or digital payments then it will be that having that kind of hassle thing.

[Dr.Bitcoin_Strange]

Physical currency isnt something that we can be able to eradicate in a short period of time or cant really be that possible in despite of the current innovation in terms technology and digital payments but still we've seen that fiat is still that making use because if we do look up around about on the transactions that happen on day to day basis then this is something that you will really be relying with fiat currency on which we cant be able to deny that this is the most convenient and most accessible on making these kind of transactions on which if we do tend to see it on online or digital payments then it will be that having that kind of hassle thing.

Surely the idea of completely eradicating physical currency is indeed nearly impossible as the world has already adapted to the usage of physical currency, even if the higher population normalize using digital money, there’ll always be a minor population that’ll still be using physical currency, especially the old folks and we can’t reallocate take that away from them.