Cash transactions are becoming more and more rare

[philipma1957]

The problem here is not about making a bitcoin transaction rather it's about making transactions physically now the problem is that many people have this idea of making online payments and is normal based on the fact that everything now is digitalized.
The problem of involving fiats with bitcoin transactions is mostly based on third parties and most of the time this third party we are referring to is  the government now people that wish to make bitcoin transactions may not be so close to each other like in the same region where they can meet physically and exchange cash therefore most of them that carry out P2P transactions have to make use of other digital fiat systems like cash app paypalband many others.

The fact is fiat has become so much important that almost no transaction can be conducted or carried out without involving fiat in one way of the other take a look at bitcoin for example if someone wishes to make a peer-to-peer transaction only with cryptocurrency now let's say the first party brings some lite coin and the other party brings some bitcoin now during the process of the exchange they would still have to value both coins in fiat to be able to convert or get the equivalent ratio for their transactions.

I sold 105 oz of silver on bitcointalk for Doge

a week later I sold 100oz of silver for btc.


I hodled the btc

I traded the doge for btc.


So I do some coin deals.

but I use CC for all kinds of buys.
I use paypal
I use zelle


I really love to sell gear for crypto. why? I know I am honest and won’t cheat the buyer. so letting the buyer pay with crypto protects me.

Of course when I pay I use cc or paypal why? I am more protected.

So to address the op it is hard to expect people to pay with crypto to total strangers online. So I think buyers do not want to get ripped off.

[JoyMarsha]

Most people probably do not realize this yet but this is another way for these companies and banks to get more money from the masses through processing fees from digital payments. On a per transaction basis, the amount might be small but the total will grow in a year.

The little as the money is, the money being generalized from each transaction you and I made ends up becoming a huge sum of money given to these banks and companies.

They won't let you and I know, than to say to us that they are helping us with the digital era of running a cashless society to transfer and receive money from any part of the world. Whereby they benefit it the most

[Dr.Bitcoin_Strange]

Most people probably do not realize this yet but this is another way for these companies and banks to get more money from the masses through processing fees from digital payments. On a per transaction basis, the amount might be small but the total will grow in a year.

The little as the money is, the money being generalized from each transaction you and I made ends up becoming a huge sum of money given to these banks and companies.

They won't let you and I know, than to say to us that they are helping us with the digital era of running a cashless society to transfer and receive money from any part of the world. Whereby they benefit it the most

Yeah, you're totally right! Some of those micro-payments that consumers make could be considered negligible, but collectively they translate to a colossal sum of money to the banks and companies. Well, we all know that they do not always tell us all the fees and charges they are placing on us. I will say this though; the whole cashless society trend that some countries are adopting, does not sound so rosy, right? Basically, it is like people saying ‘Yeah, sure it is making life easier, but who is actually getting the easy deal here’. It is not like they are doing it to help out of compassion or anything of that sort.

[Cryptotedie]

Well, I'm not surprised by this, as I personally don't use cash much these days. I feel we're heading towards a future where cash will become obsolete, and it's only a matter of time before it goes out of existence.

[TomPluz]

There are still other times when cash is still needed, meaning there is a right place for cashless payments, like shopping online, shopping in malls, making bills online, etc. And safe from physical robberies, although the only risk with cashless payments with online banking accounts is that they will be hacked by hackers or phishing victims.

Of course, there will never be a totally cashless society but for sure more and more cashless transactions are conducted everyday all because of safety and convenience. When credit card on the scene, that was the first time I heard of the term "cashless" and then we also get debit cards and online banking ...and finally we have the online payment platforms and apps (like PayPal, Venmo, Gcash and Maya here in my country) plus the advent of cryptocurrency in the market pushing the boundaries of the cashless idea to the max. However, with these many new developments there will be immense benefits and opportunities and at the same big risks like being scammed and robbed online as more and more hackers and fraudsters are getting experts on what they do and many of them are now doing their "profitable enterprise" 24/7 using tools and technologies. We are now in the modern era where people and platforms are interconnected and transactions can be done in seconds...there is really no turning back but we need to educate people of the risks involved so they will be extra careful not to be a part of the victim statistics.

[Stompix]

However, with these many new developments there will be immense benefits and opportunities and at the same big risks like being scammed and robbed online as more and more hackers and fraudsters are getting experts on what they do and many of them are now doing their "profitable enterprise" 24/7 using tools and technologies. We are now in the modern era where people and platforms are interconnected and transactions can be done in seconds...

Yeah but with perfect interconnection those funds will be traceable no matter what you do!
Most scams that rely on online fraud actually use cash to cash out (pun!) so they will divert all that money to some bank in which they have hundreds of cards and dry every ATM they can find in minutes if they can't get cash they will have to keep the money in an account and eventually that will be freezer!

Plus with online accounts, you can have a layer of security implemented by simply restricting payments to 3rd parties unless the person would whitelist it,  for example, unless I call my bank and file a request with it, even if I gave you all my details no international payment can happen from my deposit account! I can send money to any national bank but not internationally, I could do the same for my card account too!