Post
Topic
Board Economics
Re: Digital Money = Cashless Society
by
Raven91
on 02/09/2018, 16:11:29 UTC
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 ??
Digital money in our country is not yet legalized. Plus the fact that i really don't know what will happen if we will have a cashless society. Because the coin has always a two faces, the positive and negative. I'm pretty sure that there's a negative in implementing a cashless society.