Re: Electronic Money vs. Physical Money

For now many people will always choose physical money because, this is tangible unlike the electronic money and many people knows that they can use the physical everywhere and physical money is knows by everyone in this world unlike the electronic money, that is not really famous right now.

Now a days people doing online jobs we all know that, thats why here we will give importance to electronic currency over physical currency, but physical currency have its own importance and value. I think there is no difference between them because both are money and useful in their own ways.

Physical money more simple in usage then electronic and it also requires internet to use them, and for simple transactions like buying in a store i would be faster to use physical money for online payments will be better electronic.

Well, electronic money is better than physical money in the term of payment. An example is the Greece government which choose to switch to electronic money in a couple of years. Perhaps, if you're from a class country which internet is number 1 priority you will know what I mean.

I will not use Greece as an example of good economic policies, the Greek government basically defrauded everyone that invested in their bonds by lying to them and by faking the numbers in their books and that led to us to a great economic crisis, many people think that what happened in Greece did not affected anyone else but the Greeks but I know a couple that lost a significant amount of their retirement funds because of the Greek government.