What does cashless society mean?
Definitions for cashless society
cash·less so·ci·ety
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cashless society.
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Wikipedia
Cashless society
A 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 this article discusses and focuses 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. Some countries now set limits on transactions and transaction values for which non-electronic payment may be legally used.
Numerology
Chaldean Numerology
The numerical value of cashless society in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of cashless society in Pythagorean Numerology is: 2
Translations for cashless society
From our Multilingual Translation Dictionary
- 无现金社会Chinese
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"cashless society." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/cashless+society>.
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