Post
Topic
Board Economics
Re: Digital Money = Cashless Society
by
doraegun
on 26/07/2018, 05:36:03 UTC
Note: See on the right side of each post (top right corner) there is "+Merits"

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??


All of these mode of transaction is being serve by bitcoin in fastest way through the help of DIGITAL SYSTEM. China will embraced of digital transaction several years ago because they want innovation specially they are ahead in terms of  high technology uses. we know already that Chinese people are business minded that's why they will find the better way to transact without no hassle for the Chinese people.