Tag: Cashless

Is an entirely cashless economy the future?

Ever since Bitcoin made an entrance and became a household name, experts have been wondering if a transition to an entirely cashless economy is likely. As the rest of our world has become increasingly digitized, it seems ever more likely. For example, NJ Online Casino List has recognized that more and more people are moving towards online casinos as every element of our economy, including gaming, moves to the digital …
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India’s Demonetization Effort Shows Why Bitcoin Is the Only Solution

Most people with an interest in finance are familiar with India’s demonetization plans. A few months ago, the government decided to make certain bills invalid overnight and replace them with higher-denomination notes. Considering how India mostly uses cash to store wealth rather than banks, that move caused a lot of civil unrest and ultimately led to more problems than solutions. The latest report from the Reserve Bank of India acknowledges that the entire plan was a “complete failure.” …
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Top 6 Cashless Countries as of 2016

Even though some governments are looking to end cash all together in their respective countries, the task at hand is difficult to tackle. As it turns out, there are quite a few countries where cash is no longer the dominant form of exchanging value. This list doesn’t include India, as the war on cash in that country has been documented thoroughly all over the world in the past few months. …
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Retailers Dislike Cash and Cashless Payments, So What About Bitcoin?

For people who travel quite a bit every year using cash is pretty much a no-go. Dealing with currency conversions is a hassle, and it just feels awkward to deal with foreign currency. Moreover, a lot of travel accommodation services are no longer accepting cash payments. At the same time, several countries will refuse to deal with card payments. The Tug-of-war between Cash and Cashless Payment methods will never please …
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