Cash is gradually fading away.

Hello beautiful souls. This is another amazing privilege to participate in another topic for the week.


This image belongs to me.

This is week 227 episode 2. Cash or Digital? Hmmm! I believe that everyone will serve it's purpose when adopted and each one will come with advantages and disadvantages of it's own.

TAKE THEM ONE AT A TIME

CASH: The era of cash is here and if you ask me is moving away very fast. Nothing stays here forever. Good people come and go. Even the bad ones come and also go. Before it was only coin and now we have paper and we are okay with that. Next it will be that people don't go around with cash again. With cash everyone will know that you have money. Sometimes people carry around bag of Ghana must go filled with money because they have no option. Like myself when am traveling and I have cash on me. I try to get a smaller bag that will enter my pulse so that people won't easily dictate that I am moving around with money. That is the bad side of it. I remember those days that people carry bags of money every where especially when they are traveling to buy goods in another state. So many of them lost their money to thieves on the way because when robbers attack them they go away with the money.

The good side of it is that you don't have any problem with network especially when you want to do transfer. You have your cash and can use it to buy anything anywhere. And is so sweet that you have money and can use it when you want.

DIGITAL
The digital money is very good too, just that when we also look at the bad side of it we will understand that life is not too balance. Just go with whatever situation you find yourself. At least people won't be seen everywhere with lots of cash or bags of money buying things in the market. But we also know that network is not guaranteed 247. Sometimes we have good network and sometimes it gets too bad that we want to cry. Hmmm! Last time in Nigeria when there was shortage of cash and most people resolved to be using the digital one, people suffered, people lost their money, POS guys cheated on people. In fact a lot of water went through the bridge. By then alot of people can see their digital money and yet can't have access to it. Is not every country that will enjoy it. Other developed countries might not have problems with going only digital when it comes to money. But the under developed countries still struggling will suffer it. You will notice that people will have money in their app or bank and because of a network issues will go to bed hungry if possible for days. For some that will even try to make a transaction and won't get what they want because the seller did not get alert of the money sent.

In summary, every era is good and can't be replaced by another one. Once that era is gone we face another one with whatever that comes with it. We are gradually leaving the era of Cash and moving to the era of digital money

0.09346283 BEE
4 comments

Yes, both sides are good, with their advantages and disadvantages. The world is embracing the digital system but cash still serves a purpose, especially with the network issue we have here.

0E-8 BEE

Congratulations @adaezeinchrist! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You published more than 1800 posts.
Your next target is to reach 1900 posts.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0E-8 BEE

Thanks a lot

0E-8 BEE

You're on a quest for greatness @adaezeinchrist, and we have no doubt that you'll reach your new target soon!

BTW, check out our proposal and consider supporting it to help keep HiveBuzz alive and thriving. Let's bring more fun to Hive together!
All you need to do is to click on the "support" button on this page: https://peakd.com/proposals/331.
Thank you!

0E-8 BEE

Cash is a practical and temporary storage of our energy in exchange for goods and services and not designed for the long term. However, the value of cash, fiat cash is subject to inflation, governments are able to balance their books will almost always print cash and thus dilute any cash savings in your possession, a hidden tax. I usually keep a minor sum of emergency cash hidden in my residence in the event I am not able to have access to my bank.I don't think that cash can be 100% totally eliminated.

0E-8 BEE

Your post has been curated from the @pandex curation project. Click on the banner below to visit our official website and learn more about Panda-X. Banner Text

0E-8 BEE