In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
Actually even bitcoin was not yet used, we are able to make cashless society happened. We uses our credit or debit card to pay our groceries. We can even pay our bills directly on our savings account. And now that the cryptocurrency is the one in, it gives even more lot of opportunities to live in a cashless society. It can be done on some part of the world but not the whole.
Well clearly, bankers are not welcoming this thought. Purchases using credit cards and now being restricted i think, to try and supress this revolution. Blockchain technology can really revolutionize how we do transactions and if given the chance everyone will benefit from it.