Is the World Ready for Cashless Currency?

I am very glad to speak on this topic.

No, I believe that world is not ready to take cashless economy. Because cashless economy means usage of interest resources to make transactions and payments. Only those who are educated can make use of it but uneducated people will suffer and sometimes they will lose money by faulty transactions. Why because all of us know that in India there are so many uneducated people are there and their don't know how to use the internet and make transactions. So before employing any move towards digitalisation government duity to make some introduction programs to create enthusiasm among those people who will really helpful for our further move to make our India developed country.

My conclusion,

I believe that at this moment world is not ready to give thier hands towards cashless currency but definitely in future they are ready to take our smart move.

Hello Everyone!

I would like to thanks for giving me an opportunity to express my views.

Our gov started the system of the cashless economy with demonetization. There are various advantages of cashless economy. All the transactions are transparent, as a result people can't evade from paying taxes. Online transactions are quick saving time and human effort. But considering the fact that almost 60% of Indians are from rural areas, they lack the education, most of them don't have smartphones and also some don't even have their bank accounts.

Thus at this present moment, we are not ready to go cashless completely. We need to organize education camps, guiding them about how the cashless economy works. In near future, we can see India as a cashless country.

Hi, all.

My view is,

The world ready for cashless currency, it had a lot of advantages for cashless. Every transaction is recorded and we are reduced to fake currency, we are purchased through online, we don't carry to liquid cash.

Few countries are not ready for cashless, most of the people not trusted cashless transactions. They scared about cashless.

According to me, only those people are ready who knows how to use the internet. Those who do not know how to use a smartphone or laptop can't do this. Without good speed, online transactions can't be done. And there are many countries where people are not digitally literate like India where population living in rural areas don't know how to use the internet. Before making this world cashless digital literacy and internet neutrality are important points which should be focused on.

Hello everyone Atul here.

I would like to thanks to share my thoughts in front of you.

I agree to become INDIA cashless because in that process time consuming, safe money transfer, any everything buy online.

Thanks.

I want to add on to this as I agree with all of you. I think people are not yet ready for cashless economy as educated people are availing all the facilities but the poor n uneducated people are lacking behind. All big showrooms, shops are being cashless but what about those sellers who sell their products on street or those small shopkeepers who dnt know about the internet. First, there need to educate people n slowly slowly give them access to use.

Most of the countries in the world already adopted the system of going cashless and they are running well. But the problem is going cashless means getting digitalized for which internet connectivity and literacy is required. Regional disparities can be seen in many countries. This means a certain percentage of the population of that country can avail the benefits of going cashless but the remaining percentage of people first have to learn how to use it. For this, all the regions of a country have to be properly connected with banks also. So, the world is completely not ready for cashless currency. Also, there are a number of situations where cash is required.

Hello everyone.

This is Shubham and I would like to thank you for giving me this opportunity to speak.

My view is,

Since the word cashless comes in our mind after the demonetisation held by our government after a long gap of years and before that more than 50% of people do not know about it. As we know that most of the people of our country belong to rural areas and many of them do not have a bank account plus very less amount of people properly know how to use online transactions. So I think first of all it is the need of the hour to spread the proper education among others related to cashless transactions and teach them the benefits of the cashless economy system. Narendra Modi's government had taken a huge step to make India a cashless economy system but their plan was not proper and civilised. So my conclusion is it takes time for India to make a complete cashless economy system but it is not too far if this government will go in the right direction.

Thank you.

Hi, This is Chandan.

Thank you all to me giving this wonderful opportunity.

According to me, the world is absolutely ready for the cashless currency there are some following points:

Save time: people don't have a sufficient time to one place to another place to save time it is a good way to transferring a money and go cashless.

Security: The cashless transaction is totally secure there is a very less chance that you May lost the money otherwise it ja totally secure.

These are some points that make a cashless transaction good and very efficient.

Part of this people is getting some amazing price for using cashless transaction so it is also making them very interesting.

But also one disadvantage is that it is making an addiction to the people are getting addicted to their mobile phones that is not good.

Thanks.

Hi,

According to me, we can not go completely cashless we need to have some money in our pocket for miscellaneous uses. Cashless means to reduce the use of cash. The government need to teach the methods of the cashless transaction through the various program to those people who do not have any idea about the appropriate use of the system. Otherwise, these people can be trapped easily. Cyber security must be enhanced for reliable transactions. According to me, the government need to work on to develop a much safer system before going completely cashless.