MORDERNITY SEALED OF BARTER TRADE ,TECHNOLOGY HAS REBIRTHED BARTER SUGAR COATED AS CASHLESS SOCIETY
57
1A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital information usually an electronic representation of money between the transacting parties.Cashless societies have existed from the time when human society came into existence, based on barter and other methods of exchange, and cashless transactions have also become possible in modern times using digital currencies such as bitcoin. However lets discusse and focus on the term cashless society in the sense of a move towards, and implications of, a society where cash is replaced by its digital equivalent—in other words, legal tender money exists, is recorded, and is exchanged only in electronic digital form.
Such a concept has been discussed widely, particularly because the world is experiencing a rapid and increasing use of digital methods of recording, managing, and exchanging money in commerce, investment and daily life in many parts of the world, and transactions which would historically have been undertaken with cash are often now undertaken electronically
How do you vote?
However lets discusse and focus on the term cashless society in the sense of a move towards, and implications of
0
0
added by Anonymous 661 days ago