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Author Topic: Paper Money vs. Digital Currency  (Read 16955 times)

Offline babu10

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Re: Paper Money vs. Digital Currency
« Reply #45 on: January 25, 2021, 05:23:22 AM »
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?

I Translate Only This Page : https://www.altcoinstalks.com/index.php?topic=187284.0

I think people need more time to adoption with digital currency. But form 2009 to 2020 we are satisfied with exploration of digital currency. Specially in nCOVID season digital currency has more explored. So i think we digital currency has more future side by hard money.

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Re: Paper Money vs. Digital Currency
« Reply #45 on: January 25, 2021, 05:23:22 AM »

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Offline raisajahan

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Re: Paper Money vs. Digital Currency
« Reply #46 on: January 25, 2021, 11:54:51 AM »
The most striking difference between cryptanages and paper money is that cryptic payments are only available digitally, while paper money exists in physical form.
Paper currency currencies are central, cryptic decentralized. While a central authority (banknote) exists in the paper money system and prints money, there is no such central authority in cryptic currency. There is no bitcoin bank or the like.

Instead, cryptures are based on the blockchain , a kind of decentralized database that stores all the financial transactions that have ever been done.

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Re: Paper Money vs. Digital Currency
« Reply #47 on: January 25, 2021, 12:55:12 PM »
I think paper money is actually much less effective, besides being wasteful of paper, paper money is also more difficult to carry around in large quantities. In contrast to digital money, which we store only in digital wallets on our gadgets. Very easy to carry, very effective and can save paper.
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Re: Paper Money vs. Digital Currency
« Reply #48 on: January 25, 2021, 12:58:10 PM »
Most people are accustomed to fiat money and therefore it will take a huge amount of time for the whole world to switch to digital currencies and gradually more and more people are becoming interested in digital currencies, and if this will continue, then in the future there is such a possibility that digital currencies will replace fiat, but this is still only a theory.
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Re: Paper Money vs. Digital Currency
« Reply #49 on: January 25, 2021, 01:10:53 PM »
I myself prefer digital currency. But of course it will be very difficult to convince ordinary people to be able to switch to digital money. They definitely need a process to change their habits and it's very long.
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Re: Paper Money vs. Digital Currency
« Reply #50 on: January 25, 2021, 11:50:09 PM »
Paper money is very easy to be sued for the daily transactions, moreover the direct transaction in a counrty. However digital currency is also very easy to be used for transactions in the far distance, global, and also hurry payment but no pape rmoeny. Here, we cannot replace or choose only one of them. Both are good for our daily life

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Re: Paper Money vs. Digital Currency
« Reply #51 on: January 26, 2021, 12:50:26 PM »
Paper money is very easy to be sued for the daily transactions, moreover the direct transaction in a counrty. However digital currency is also very easy to be used for transactions in the far distance, global, and also hurry payment but no pape rmoeny. Here, we cannot replace or choose only one of them. Both are good for our daily life

Yes , you are right. Paper money is very easy to be used for the daily transaction. Because it's habits. When digital ear coming, I think all people will use digital currency. Because digital currency is more easier, faster and safety.

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Re: Paper Money vs. Digital Currency
« Reply #51 on: January 26, 2021, 12:50:26 PM »


Offline Falcon

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Re: Paper Money vs. Digital Currency
« Reply #52 on: January 26, 2021, 01:04:17 PM »
It is not our duty to let the world adopt the digital system. The government is the responsible to make it. I think more years to come before the digital finance will boom in the world. this days where the people in the world are not ready to accept the digital so it will take more time to adopt the system.

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Re: Paper Money vs. Digital Currency
« Reply #53 on: January 26, 2021, 01:05:25 PM »
The good thing about using digital money among many other things will be the speed and security (that is always a variable) of use it has. The bad as always depends on who issues that digital money, it will be the governments of each country, and that is the worst, we will once again be at the mercy of their control over our funds, and I think that's the first thing to avoid for there to really be a change.
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Offline Senin

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Re: Paper Money vs. Digital Currency
« Reply #54 on: February 03, 2021, 06:36:07 AM »
People are already quite actively switching to non-cash forms of payments. I see no point in speeding up this process. And it is also dangerous to completely switch to digital payments. We don't need such extremes. Cash and non-cash money have their own advantages and disadvantages. Therefore, they must continue to walk in parallel. Let everyone choose the most convenient payment method depending on the specific situation.

Offline Pheonyx

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Re: Paper Money vs. Digital Currency
« Reply #55 on: February 04, 2021, 04:16:15 AM »
Maybe people until now is still struggling to use this new type of technology because most of them are not techies.  But time will come when the old generation will passed and new generation is controlling the world which is I believe there will be no more resistance for digital world.
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Re: Paper Money vs. Digital Currency
« Reply #56 on: February 04, 2021, 05:02:09 AM »
persuading people to buy digital currency is quite difficult many people don't understand about crypto currency, actually crypto is very easy for people who understand and understand but it is difficult for ordinary people to digest so many people misinterpret it now paper money is so bad for in the future, because it is so different, paper money has no selling value and one day it will fall, it has no value later.
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Offline Rubel007

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Re: Paper Money vs. Digital Currency
« Reply #57 on: February 04, 2021, 01:59:46 PM »
Now we are live at digital era. In this century people are not like to use paper money they get flexibility by using digital currency. Covid-19 is ongoing, health annalist express that digital money is very much secure at the pandemic situation. So i realize it is very much adoptable in any situations. That is why i corroborate Digital Currency.

Offline TOP_ETH

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Re: Paper Money vs. Digital Currency
« Reply #58 on: February 04, 2021, 02:25:58 PM »
what many people think is of course whether digital currency is safe or not if I give directions to people who are still doubtful about its security besides that there are still many people who don't know the Internet so maybe gradually people will get to know
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Offline Max Way

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Re: Paper Money vs. Digital Currency
« Reply #59 on: February 04, 2021, 02:28:13 PM »

So, how do we persuade people to adopt digital currency?
I think people inevitably will follow the times, so automatically they will follow the current technology trends. Especially if they have a business that deals with transactions they don't want to be out of date.

 

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