92% of the world's currency exists only on computers

cyber4eva
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92% of the world's currency exists only on computers Sept 1, 2020 10:54:02 GMT

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Post by cyber4eva on Sept 1, 2020 10:54:02 GMT

This means that most of the money you earn, transact with, use to buy goods/services and so on exists only on computers and hard drives. Only an estimated 8 per cent of currency globally is physical money.

All the black money piles come from within this 8 per cent. This is a fair estimate that economists seem to agree on though, not an exact figure. This low percentage seems absurd but when you stop to think, it makes sense considering that most large transactions are done electronically anyway.

Banks store electronically, too; and the 92 per cent includes all kinds of transactions done using credit/debit cards and wire transfers.

Last Edit: Sept 1, 2020 10:54:17 GMT by cyber4eva

My name is pronounced ehva - not eeva, eyva or evva!

Joey12 Administrator Member of the year 2020 and 2022 Posts: 16,569 Mini-Profile Background: {"image":"[url=https://gifyu.com/image/C9k4][img]https://s2.gifyu.com/images/D7875AC1-5CBD-4586-9005-6D786633B86C_1_105_c.jpg[/img][/url]","color":""} Year of Birth: Beats me! Nationality: Euro-American	92% of the world's currency exists only on computers Sept 2, 2020 3:32:56 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Joey12 on Sept 2, 2020 3:32:56 GMT None is in my pocket.

cyber4eva Level 3 Secretary Posts: 188 Mini-Profile Background: {"image":"https://images5.alphacoders.com/316/thumb-1920-316617.jpg","color":""} Mini-Profile Text Color: fbfbfc Mini-Profile Name Color: f7f9fc	92% of the world's currency exists only on computers Sept 7, 2020 20:15:47 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by cyber4eva on Sept 7, 2020 20:15:47 GMT That could mean one of two things: Either you have a hole in your pocket or your cell phone is another place. LOL
	My name is pronounced ehva - not eeva, eyva or evva!

Joey12 Administrator Member of the year 2020 and 2022 Posts: 16,569 Mini-Profile Background: {"image":"[url=https://gifyu.com/image/C9k4][img]https://s2.gifyu.com/images/D7875AC1-5CBD-4586-9005-6D786633B86C_1_105_c.jpg[/img][/url]","color":""} Year of Birth: Beats me! Nationality: Euro-American	92% of the world's currency exists only on computers Sept 8, 2020 3:37:33 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Joey12 on Sept 8, 2020 3:37:33 GMT No holes and cell phone in hand. Now I have to figure out how to pay the bill...it's not through my cell phone. The only Penny I have is my sister.
	Last Edit: Sept 8, 2020 3:38:14 GMT by Joey12

cloudflare Level 3 Secretary "Searching new perspectives." Posts: 172 Mini-Profile Background: {"image":"https://mrwallpaper.com/images/high/armenia-cloudy-sky-ybiwssnsiaclw96r.webp"} Mini-Profile Text Color: 000408 Mini-Profile Name Color: fafbfd	92% of the world's currency exists only on computers Sept 9, 2020 22:51:43 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by cloudflare on Sept 9, 2020 22:51:43 GMT

Joey12 Administrator Member of the year 2020 and 2022 Posts: 16,569 Mini-Profile Background: {"image":"[url=https://gifyu.com/image/C9k4][img]https://s2.gifyu.com/images/D7875AC1-5CBD-4586-9005-6D786633B86C_1_105_c.jpg[/img][/url]","color":""} Year of Birth: Beats me! Nationality: Euro-American	92% of the world's currency exists only on computers Sept 9, 2020 23:00:08 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Joey12 on Sept 9, 2020 23:00:08 GMT Yep not much cash there, wish I had some.

cloudflare Level 3 Secretary "Searching new perspectives." Posts: 172 Mini-Profile Background: {"image":"https://mrwallpaper.com/images/high/armenia-cloudy-sky-ybiwssnsiaclw96r.webp"} Mini-Profile Text Color: 000408 Mini-Profile Name Color: fafbfd	92% of the world's currency exists only on computers Sept 14, 2020 9:32:54 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by cloudflare on Sept 14, 2020 9:32:54 GMT Cash is about to become a thing of the past - even more so now because of the corona crisis. Some stores take only cards due to the virus risk.

Joey12 Administrator Member of the year 2020 and 2022 Posts: 16,569 Mini-Profile Background: {"image":"[url=https://gifyu.com/image/C9k4][img]https://s2.gifyu.com/images/D7875AC1-5CBD-4586-9005-6D786633B86C_1_105_c.jpg[/img][/url]","color":""} Year of Birth: Beats me! Nationality: Euro-American	92% of the world's currency exists only on computers Sept 16, 2020 7:01:25 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Joey12 on Sept 16, 2020 7:01:25 GMT That's pretty much the only way I pay for anything now.

cyber4eva
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92% of the world's currency exists only on computers Sept 22, 2020 10:20:59 GMT

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Post by cyber4eva on Sept 22, 2020 10:20:59 GMT

I guess that the beggars on the street receive much less money now when most people dont use cash anymore.

Or like this clever guy, who has a bar code to an account so donors can scan it with their cell phone and transfer money.

My name is pronounced ehva - not eeva, eyva or evva!

Joey12 Administrator Member of the year 2020 and 2022 Posts: 16,569 Mini-Profile Background: {"image":"[url=https://gifyu.com/image/C9k4][img]https://s2.gifyu.com/images/D7875AC1-5CBD-4586-9005-6D786633B86C_1_105_c.jpg[/img][/url]","color":""} Year of Birth: Beats me! Nationality: Euro-American	92% of the world's currency exists only on computers Sept 23, 2020 3:08:12 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Joey12 on Sept 23, 2020 3:08:12 GMT It's pretty easy to do.

cloudflare Level 3 Secretary "Searching new perspectives." Posts: 172 Mini-Profile Background: {"image":"https://mrwallpaper.com/images/high/armenia-cloudy-sky-ybiwssnsiaclw96r.webp"} Mini-Profile Text Color: 000408 Mini-Profile Name Color: fafbfd	92% of the world's currency exists only on computers Sept 23, 2020 19:44:30 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by cloudflare on Sept 23, 2020 19:44:30 GMT And much safer in these corona times...

Joey12 Administrator Member of the year 2020 and 2022 Posts: 16,569 Mini-Profile Background: {"image":"[url=https://gifyu.com/image/C9k4][img]https://s2.gifyu.com/images/D7875AC1-5CBD-4586-9005-6D786633B86C_1_105_c.jpg[/img][/url]","color":""} Year of Birth: Beats me! Nationality: Euro-American	92% of the world's currency exists only on computers Sept 24, 2020 1:30:30 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Joey12 on Sept 24, 2020 1:30:30 GMT If you have a QR or bar code reader the message I put in the one above.

cyber4eva Level 3 Secretary Posts: 188 Mini-Profile Background: {"image":"https://images5.alphacoders.com/316/thumb-1920-316617.jpg","color":""} Mini-Profile Text Color: fbfbfc Mini-Profile Name Color: f7f9fc	92% of the world's currency exists only on computers Nov 20, 2020 17:49:12 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by cyber4eva on Nov 20, 2020 17:49:12 GMT Nowadays, people prefer to use their card even to pay for a few dollars' worth, so cash is definitely on the way out.
	My name is pronounced ehva - not eeva, eyva or evva!

jessica Level 4 Governor WOW!!! Posts: 254 Mini-Profile Background: {"image":"https://i.pinimg.com/originals/92/02/a3/9202a308a546a8d32f7d187091c47149.jpg","color":""} Mini-Profile Text Color: f5f8fa Mini-Profile Name Color: f5f8fa	92% of the world's currency exists only on computers Nov 23, 2020 10:09:29 GMT cyber4eva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by jessica on Nov 23, 2020 10:09:29 GMT Covid-19 is another nail in the coffin for cash payments.
	Still screaming...