Is the World Ready for Cashless Currency?

Hi, everyone,

To begin with, a cashless economy is an impactful topic where one can express many thoughts about it. However, the cashless economy is a good topic to discuss and debate but is it applicable now? The question remains unanswered. A shift to the cashless economy means the world and India is ready for a substantial change however, while some may be ready others may not. The cashless economy revolves more around the more developing countries where such technology is feasible. But the World around may not be ready for it. I was really impressed by one participant when he said that for the cashless economy we need a smartphone for it to operate which I believe is true one cannot have access to such technology without a smartphone. Internet connection plays a vital role in such functioning as well. But another aspect is the willingness to operate while some may agree some may be hesitant because of lack of information or negligence. Poor and underdeveloped countries may not be willing to switch because of many economic, political, social reasons which have to be taken into consideration. Thus we can conclude that the World and India are not ready for a cashless economy.

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.

No, because if we go digital our currency has 85%chance to got stolen because on the other hand there is cybercrime.

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.

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.

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.

Hi,

Thank you for giving an opportunity for me to share my knowledge on this topic.

According to me, the world is not ready because all the people don't know how to use online because some people are from the village and some are uneducated and some people fear about online problems because of this all are not ready to 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.

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.

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.