Is the World Ready for Cashless Currency?

In my opinion, the World is progressive towards cashless currency. There are several countries that have marked a remarkable success in implementing cashless currency but while talking about the world, there are other countries too for we have to take into account.

There are still numerous places where basic amenities are not even available to people, so in such a condition, talking about cashless currency would be a waste for these people. Though cashless currency brings several benefits but we should also take its disadvantages in count. The world is moving towards cashless currency at a very fast pace. What we can do to make it reach in every corner is educate people, provide them with tools, and make it accessible for them and In the near future world will be a cashless currency.

Absolutely, the world is ready for cashless currency but few countries are not much developed but most of countries are going to side of cashless currency it has lots of benefits you don't have carry money so just need smart phone and a strong internet connection. By this, robbery cases, theft cases have less. You can make transactions of millions in few seconds. But all these benefits we have to look after some points also because it require awareness among people. We have to educated each and everyone to safe from cyber attacks.

Good morning to everyone present.

Today, I would like to share my perspective on cashless currency and its implications on our daily lives.

The subject is important, as it concerns the entire human existence.

While we strive to complete our daily tasks efficiently and within the stipulated time, we must also consider the security aspects of cashless transactions. Undoubtedly, cashless currency offers numerous benefits, such as time and energy savings. However, it is crucial to address the potential risks associated with this system. If our devices are compromised by unauthorized access to third-party websites or applications, our personal data and financial transactions may be at risk. This could lead to dissatisfaction and a lack of confidence in the cashless system.

It is essential to acknowledge that many foreign nations have achieved remarkable success in implementing cashless currency. Their accomplishments can be attributed to the establishment of robust policies that prioritize the privacy and security of each individual. Therefore, we must focus on education and knowledge regarding the safe and efficient use of online applications and precautionary measures for cashless transactions and net banking.

In conclusion, the adoption of cashless currency requires a balanced approach, taking into account the benefits and potential risks.

By promoting awareness and implementing effective policies, we can ensure a secure and efficient cashless system for the betterment of society.

Hi everyone,

I am Vurvik I'm here to discuss about the topic "Is the World Ready for Cashless Currency".

In my point of view, it has some advantages as well as disadvantages. Also because.

In some cases, cyber-crime is more while using online payments, and takes lots of time in case of transactions, and we are just aware of cyber crimes.

In my opinion, cashless currency is a huge boost for the growth of an economy. As we all know India is facing a big problem which is existence of black money. Central government has introduced UPI which was a nice decision, as huge chunk of people have moved to making the transactions online, it is an early sign of growth.

Not really, as we all aware about the literacy rate in India is very high as compared to the literacy rate.

Most of the Indians does not even know how to use an android phone.

Now talking about other countries they might be ready for the cashless currency.

In my opinion, China has lost the maximum citizen of their currency because of corona and now they have are very in number and most of the people living there are old, so as well all know old people don't get technology very easily it takes time to learn, for them it is not easy so China is not ready for Cashless currency this my point of view.

Yes, this topic is very relevant to this generation because nowadays most people can do there all their work by online payment so all that people are doing and follow a cashless way.

But it's a good way the taking and keeps a pocket always with you wherever you go You don't need to use it that way you just carry your ATM card or else phone all transactions it will be successful. But it's most disadvantage cyber crime also day by day technology is increasing so that cybercrime is also increasing day by day.

so, that will be more affected to the cashless monye.

So that, In my point of view, it's also good too and also the world is ready to face all problems and also find a solution so that world is also ready for cashless currency.

Yes, in point of view, guys today We suffer from getting cash due to Notebandi.

That's why in my opinion cashless currency is best for our Indian youth and also all people who know about the internet and net banking also. But the disadvantages is cybercrime and payment field issue and lack of knowledge about Banking knowledge and its terms and conditions also.

Thank you All.

Yes, I think the world is ready for the cashless currency because the cashless currency helps in many ways preventing viruses on the cash while handing them at covid19 time this was very helpful that time and nowadays people are storing black money in their home so it also stops black money and it helps in Indian GDP we all know that cashless currency has good and bad as well because of cashless currency there are security issues and there is no privacy.


Thank you for listening me patiently.

Hello Everyone,

This topic is very relevant in the present scenario.

Here, I can say that it's not the time to adopt the cashless currency. As covid-19 hit the whole world very badly and for that reason we have seen that many people started using online transactions to avoid the spread of the virus while handing over money. But while doing such online transactions many problems have arisen like network problems, lack of proper knowledge while making payment, bank server issues. We can see here the problems and add with that there are infrastructure problems, many people don't have smartphones and proper internet connection. If we go for cashless currency there are also chances for flaws in the system from where anyone can get personal information as we have already seen before.

For these reasons, we are not ready for cashless currency.

Thank you.