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.

Every new thing is quite difficult initially but once it become routine it will be more helpful to us. Cashless currency is an advantage to everyone but it will be more convenient to workers who are not always ready to connect with banks at all times. Cashless economy will save time of ours and it will become easy for transaction of money.

Now-a-days we see that almost each person (atleast one) in a home have android mobile phones which will be suitable for transactions of money. As these android applictions are not very tough to handle everyone can able to drive it. Some basic and easy steps we have to follow.

There's present 4G connections at every places even in rural area also, hence thse problems also can be resolved.

Good morning everyone. My name is Rohit Lohar and today we are going to discuss, is the world ready for cashless currency.

In my point of view, today world is not ready for cashless currency.

Because many countries are remains to develop and many countries are still developing. If we start cashless curency that day there will be many problems in all over the world. Some countries like USA, China, UK, Britain are the developed countries, they can use useless currency. If we wants to do cashless currency then we have to develop our country in every respects. We have to increase our G.D.P. For cashless currency, a country should independent in all respects. It may be in future but now a days it is not possible.

THANK YOU.

Hello everyone.

Cashless currency is an important step towards reducing corruption and also making the transaction easier. But it comes with lots of requisite.

1. The country needs to have a good quality of the smartphone.
2. The country needs to have good internet speed.
3. The country should have a good interface for transaction online which is both secure and that doesn't fail.
These steps will ensure low-cost cashless economy, unlike the pos machine which was costlier.
UPI in India and the Alipay and the Tenpay in China has shown that is possible to make the cashless currency a possibility.

Therefore even countries in every part of the world can have a cashless economy if provided with these services.

Yeah. First of all, thank you so much for giving the opportunity. Myself I'm Aslaam. So now coming to our topic, the topic is cashless currency.

1. Nowadays digital marketing is the very fastest growing thing. We would like to continue this up to our next generations. A few years back we don't know about ATM, CDM, Net banking, Mobile banking, etc.

But now we know very well about that all things. As same as some villagers also don't know about the above things. But now they using very well even uneducated people's also.

I think in future those who are villagers also can know how to use digital marketing. Paperless transactions.

When we are using paperless work even we can reduce global warming also.

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.

In my point to view, the cashless currency will be good if a country has no other issue like poverty and internet issue. In India, it is very hard to implement cashless currency. Here lots of people still live on other dependencies. Like many beggars live in Jhoparpatti and they asked for money from us in train Or buses. In cashless currency how we help them? In that way, we cannot give them money for help. Cashless is not fully safe. We have seen Ransomware attack in a European country. Hackers hack the important file of many people. It is very easy to hack other accounts within a min for hackers It's is not guaranty that your money is safe. Firstly, we have to start from the bottom.

According to me, this decision needs time and resources, which we both lack. There are more than 60% of rural areas completely unaware about the cashless system and those who even know about it are scared to use it. The lack of knowledge about the system eventually leads to all sorts of problems and Hacking is the real concern.

So To make India ready for Cashless System I think the government should take initiative and carry out activities in rural as well as in the places where internet is out of reach, make peopleware of the system, teach them how it works and its benefits.

Only then we can take a step towards building a developed India instead of the developing one!

Thanks.

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.

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.