Now that more and more countries are starting to go cashless (
http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
We are truly going to a cashless society or cashless world in which we are just using digital money and digital currency in order to pay and buy goods and etc.
Maybe in the near future there is a possibility that we are going all to use digital currency at all.
This are the good and bad side of going this:
1. The first one on the good side is it would be more convenient to us that we just need to bring our mobile phones or gadgets on where it was save our wallet or our digital currency to make a transaction, less hassle to bring cash and it would be great because all we need to bring is our mobile phones and etc.
2. The negative side of being cashless is those person or people who doesn't have mobile phone yet and can't afford to have a daily internet usage at all, and those person who don't know how to use mobile phones that would be hard for them to adopt this kind of advancement.
That would probably the pros and cons if all of the countries convert into a cryptocurrency or digital currency.