Is the World Ready for Cashless Currency?

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.

Hello.

Guys, I don't think so everyone is ready for the cashless currency because of in our era different kind of people and everyone has own way of thinking well in our country, not all the people are educated firstly we should educate him and if we ever meet uneducated person we should encourage them we are the future of INDIA.

According to me, this is not a perfect time for the cashless economy because in developing country the main problem is that literacy rate and lack of awareness of the internet.

In India, there are so many rural people they don't know how to use internet efficiently so they got into trouble with hacking and all sort of things and they have fear about security and misinformation.

So, the main thing the government has to implement is awareness among rural people and good infrastructure for digital security over digital payment.

But also there are many benefits for cashless like lower risk of carrying money, reduce cost of printing new notes, ease of financial transaction.

Hello everyone.

What have topic to discuss here that is "is the world ready for the cashless economy".

In today's century not 100% people are ready for a cashless economy. Not all people are familiar with digital technology.

There are some challenges in front of the world before moving towards a cashless economy. Still, there are some people who cannot understand the cashless transaction. Not every person have a smartphone to go with the digital transaction. There is poor network connectivity in many regions. Now many people stopped the cashless transaction due to charges applied by gov on the digital payment transaction.

First, we have to sort out all these issues then only we can move for a cashless economy.

Steps to be taken.

1. Provide knowledge to the people about the cashless transaction.
2. Affordable smartphone to economically enabled people.
3. Fastest and strong network connectivity in all-region.
4. There should be a free digital transaction.
5. Gov have to improve cybersecurity and have to set awareness to progress me on cybercrime security.

In my opinion, now the world is not ready for a cashless economy. First of all, countries have to develop digitally. People first have to grow with digital services. People need time to learn and adapt changes. Then only we can be ready cashless economy.

Hello everyone.

So the topic of discussion is "Is the world ready for the cashless economy".

Now the point is what is the cashless economy?

Cashless economy stands for the transactions done digitally i.e. without any exchange of cash.

According to me, the world is not ready for a cashless economy but it can be in the near future. There are two types of countries in this world. One type of countries which are growing, leading and progressing and another type of countries which are still backwards or progressing very slowly.

Countries such as Ecuador have already declared themselves as cashless currency economy as this type of countries is fast-growing countries.

Let's talk specifically about India to get the point in a much more better way. In India itself there are parts. One urban India and second Rural India. People in Urban India are mostly literate digitally and are ready for the cashless economy but the people in Rural India are mostly illiterate digitally. Hence they are not ready for a cashless economy. After demonetization cashless transaction has increased in India but not to that extent.

Government is taking significant steps for promoting a cashless economy by introducing Jan dhan scheme, direct benefit transfer scheme. India will be ready for the cashless economy once the people of India become digitally literate. Also before the introduction of the cashless economy to the world the cybersecurity should be strengthened.

The services provided by Google and other companies are helping India to go cashless by helping the illiterate people with the text to speech converter feature of google lens through which the text is converted to speech in the language one wants.

Hence in my views, the world is not ready for a cashless economy but will be ready in the near future by spreading awareness among citizens and strengthening cybersecurity.

Thank you.

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.

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.

Not only India even the world is not perfectly ready for cashless currency. We still improve a lot in every and every aspect to make the world cashless currency.

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.

According to me, the world is not completely ready for cashless money. It is one of the best tech revolutions in late 20's no doubt, but the world is not completely ready for it because many people can't even afford a smartphone and many of those who have a smartphone have a lack of knowledge on how to use it. As the most important requirement for doing a cashless transaction is a smartphone most of the people can't afford it. It is a known fact that cashless transactions are fast, secured (no chance of robbery), and as the technologies are evolving almost every company provides a medium for the cashless transaction but the most important need is the knowledge of how to use it.

Thank you.