Is the cashless society nearing?

[Domithra]

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.

[nrubnach]

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.

[Bobcrypto]

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.

[Proton]

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.

[youdacapt]

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.

[gotbounty]

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

[Andruha1993]

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 (

[yurez]

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.

[masterrex]

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.

[Octoalts]

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.

[Galley]

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.

[MUGNIA]

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

[Millionaire]

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

[Giangphuong8489]

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.

[bigcash2011]

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.