Post
Topic
Board Economics
Re: Cash is not trash
by
junder
on 12/04/2024, 14:49:18 UTC
To survive, of course we need money for daily life transactions, whether in cash or digital form. because with current technological developments, any transaction can sometimes be done via a digital wallet. but that's not a problem, because it really helps too, now imagine when there was no digital wallet where we would give money or receive money from people far away, it would be very complicated if we had to travel first. In fact, in my opinion, the future of each individual's country or society depends on money. If we have enough money, perhaps the future will be good as well as the country.

indeed cash is not rubbish, because we need cash in everyday life whether it is to provide a living for children or provide wages for other people, maybe it is still better if there is no digital wallet but there is cash, but if it is reversed maybe it is scary, when there is no cash but only digital wallets it seems like it will be difficult occasionally with transactions because not everyone has a digital wallet.
Digital transactions are not a problem for those places and people who are capable of using it. Before digital currencies came, there are money remittance centres where one can send and receive money, though indeed there is still a hassle if you're far from them. Their fees are also a bit high.

A lot of us are thankful that these issues are now solved with the emergence of newer technologies. Money is useful but other qualities will still be needed to become more successful. Cash won't get extinct if some people or places are not ready for the change and it can take a very long time if possible. It's perfectly fine IMO as rushing can only lead to troubles.

Yes, that's true, in my opinion digital transactions also really help most of our activities, especially now that many large companies and factories require their employees to have digital wallets or accounts to receive salaries for their work for a certain time. and not only that, now with technological developments we can order anything online, including our own basic needs and pay for it using digital transactions. and that definitely helps.

What you say is correct, even though technology is increasingly developing with digital transactions, cash will not become extinct because of course in my country there are still traditional markets that only use cash for transactions. and I don't think it's possible for cash to become extinct.