Post
Topic
Board Economics
Re: The pros and cons of going cashless
by
Eugenar
on 28/08/2020, 12:26:04 UTC
Digital money has its advantages and so is physical cash. Digital currencies are the new innovation but are still under the progress of development. As long as issues regarding this cashless system is not yet resolved, cashless society would remain sketchy. At this moment, there are already services which are preferred to be cashless because transactions promote convenience but not all the time. There are delays and also, the fees are mostly high in general. I do not specifically refer to cryptos because it is not yet accepted to most of the countries. There are many digital currencies which exist at this moment, and most of those currencies are regulated by governments or are centralised. If digital currencies will be the future, the question now is 'which is which' - referring to that currency which will be more supportef someday.