Post
Topic
Board Economics
Re: Digital Money = Cashless Society
by
tonyvo2017
on 10/09/2018, 02:28:04 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 ??
I have another thought. Electronic money can grow and coexist with the cash in this society without forcing any disappearance from one side. It can complement each other very well. Bitcoin can change your thinking about asset management and trading habits by saving time and money.