The Next Big Thing in Living A Cashless Life

The world is changing rapidly due to the Coronavirus Pandemic, with many transactions now being performed electronically or via other methods. 

This now starts to raise a big question on whether society needs to use a physical currency to pay for purchases or whether it changes and moves to live a cashless existence?

How we live is now being viewed from a different perspective, that does not need to be boxed in by financial constraints or regulations, but may see us living beyond money and looking at new ways to exist that are more eco-friendly and connect to the natural way of life. 

Do We Need Cash To Live?

During the pandemic, millions have already moved to live a life free of cash constraints. Many people are now opting to pay with credit cards. 

The banking sector has seen fewer than 23% of payments being made by cash, leaving a large proportion of the population worldwide using contactless payments, credit or debit cards, or bank transfers to live their daily lives; there more information available here.

Exchanging money via apps or contactless payments has made a living virtually more of a reality than a futuristic dream on the horizon.

In the current climate, cash is a fragile commodity, which may leave vulnerable sectors in society without the means to a stable existence. The elderly and those on the poverty line may be hit the hardest. However, this may also impact businesses, the global economy, and the financial markets’ restructuring. 

Make sure to do your homework before committing to investing in cryptocurrency. As the market is still relatively new, being able to spot scams to keep your money safe is paramount. Take some time to learn Crypto ICO and associated terminology and best practices before investing.

How to Survive Without Money

This trend has been slowly gathering speed across the globe, and many are now taking up the gauntlet to experience what the revolution for living a cash-free existence is all about. 

To even contemplate taking this bold move, you must first examine your mental framework. 

Living a cash-free existence is not just about living without money or the means of a credit card. It is all about going entirely off-grid to change your whole way of life radically.

Here are a few ideas about how that lifestyle may look if you take that step:

Travel For Free

You will need to look for alternate means of getting from A to B, which may mean hitch-hiking. Walking will also become the best option in most cases, but you may consider other means too, such as cycling.

Party For Free

In the summer months living a money-free life is a lot easier, as you can camp outdoors, forage for food, and experience the wilds of nature in all of its glory. Head to a library and research food sources that are a natural source of nutrition. You could also find a group to exchange food items or grow a little green and plant your own vegetable patch to harvest your own food. The scope is limitless, explore. 

Living A Social Life For Free

Going money-free may give you a new approach to how you live your life. Many groups are now available to enable you to upcycle items, trade skills, book-swaps, and clothe swaps. You can also look at food banks and charities that may be able to help you for free. 

There are numerous other ways that you can try to experience this way of living, but the first step is to decide if this will be the right way of living for you.

Jumping Onboard The CryptoCurrency Train

Another option you may consider is a cryptocurrency, the new cash or income stream for tech-savvy generations. Many are now talking about the prospect of cash being replaced by cryptocurrencies. So, how may this look for the man on the street?

During the global pandemic, there has been a spike in the growth of Bitcoin, Cryptocurrencies, and newly emerging digital currency has witnessed millions turning to this form of currency to perform transactions in every aspect of society from businesses to individuals. The rise of digital currency has become the new norm and is no longer a dodgy concept that many scare-mongered about in the early years of its emergence onto the global markets. 

Conclusion

However, you decide to look at cash in our modern society, and you may need to change with the evolution of either one of the above routes or a blend of two or three. It is clear that although our banking systems are as they were before the unprecedented global climate, they are not as stable and more open to the cracks leading to societal change. 

What is currency will you choose?

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