1) Paperless currency like Bitcoin uses blockchain technology to operate without a central authority by distributing a ledger of transactions among a network of users. This allows for fast, global transactions without fees. 2) While paperless currency provides advantages like ease of international transfers and protection from inflation, it also poses privacy, security, technological, and economic risks. A transition to a cashless system could negatively impact the poor and informal economy. 3) Both paperless and cash-based systems have benefits and drawbacks. A cashless system enables easier tax collection but could encourage overspending and debt. Privacy, hacking, fees, and negative interest rates are concerns of purely digital currencies.

1. PAPERLESS
MONEY
PAPERLESS
MONEY
CURRENCY AND
PAPERLESS MONEY

2. CURRENCY PAPERLESS MONEY

3. CURRENCY
cur·ren·cy
/ˈkərənsē/
asystemofmoneyingeneraluseinaparticularcountry.
"thedollarwasastrongcurrency"
the fact or quality of being generally accepted or in
use.

4. CONTENT
1
3
2
BITCOINS
CRYTOCURRENCY
: ADVANTAGE OF PAPERLESS MONEY
:DISADVANTAGE OF PAPERLESS MONEY
CONCLUSION

5. It uses peer-to-peer technology to operate with no central
authority or banks; managing transactions and the issuing of
bitcoins is carried out collectively by the network. Bitcoin is
open-source; its design is public, nobody owns or controls
Bitcoin and everyone can take part. Through many of its unique
properties, Bitcoin allows exciting uses that could not be
covered by any previous payment system.
Bitcoin is a form of electronic cash.

6. B
L
O
C
k
C
H
A
I
N
Blockchain is an intelligent technology that
encoded information in the form of a block. Each block
encoded information in term of Hash(Mathematics equation
that encoding itself which requires the processing power of
the computer chip to solve the equation to make a
transaction.
Its main idea is to act as a decentralized
database or centralized database without
“mediators”
Imagine that everyone in the system holds the
same updated data all the time.When the
transaction has occurred, it will update the
data at the same time.

7. For example, if Mr. A transfers 100 baht to Mr. B
Normally, Mr. A had to deposit money
into the bank and transferred to
account Mr. B rights? So,We have to
trust the bank or "intermediary" that we
will use as a transfer channel, which
may be beneficial to some bank or
"intermediary" in many ways.
But for Blockchain technology,
what happens is that Mr. A transfer 100
baht order into the Blockchain system,
which has many friends in the system. In
this example Let's assume that Mr. A has
many friends til Mr. Z.
All A-Z accounts will receive
transaction information between Mr. A
and Mr. B, and once the data reaches
everyone in the system, everyone
acknowledges that they will approve the
transfer.
100 baht will go to Mr. B
accomplished by witnessing everyone in
the system since Mr. A-Z that means
"Trust" was changed from 3rd party or
"intermediary" to "everyone" in the
system.

8. Currently, there are many cryptocurrency developer that improves these digital
currencies to facilitate us as a User.
Like the popular Bitcoin. In the world of investors is very much as a store of value or a
container of value compare it is similar to gold. Bitcoin is a national currency for now. In some
countries, it can be use for paying debt by announcement of law such as Japan & Australia.
In Thailand, we have many famous names of bitcoin such as Omisego, Everex, Zcoin
and others to developed and provide services such as Gateway payment, international money
transfer, or Anonymous transactions with privacy.
As a user we can take advantage of Cryptocurrency in many ways and here is just
some example of taking advantage of it.

9. 1. In terms of capital investment or speculation
which has a high risk. The growth rate of these
digital coins currency is based on the value of
investment and the number of people who invest
from the trust in technology that has the potential
to change the world. Over the past several years,
many currency have the growth rate increasing
significantly. For example, the Ethereum grows
from an average of 300 baht up to 30,000 baht per
unit in a year or Ripple, the price grows from 9 baht
up to 100 baht in a few months, of course, many
investors are successful of trading in the way of
more than 10 times the return on investment.
However, there are a lot of suffered heavy losses
from “Doi Hills” of the decreasing of price of
currency that are fluctuations are very high so that
makes some group of people compare the world of
trading Cryptocurrency is like a roller coaster ride.

10. 2. Benefits of transferring money across the globe.
Nowadays, many Exchange web sites offer these
currency exchange services as digital currency, and
there are many Wallet providers or digital money
packs as well as the ability to take advantage of
cross-continental transactions without having to go
through a bank. No fee to pay expensively and very
fast in minutes.

11. 3. Prevention of contraction of assets by
inflation. This is a very interesting. The
average global inflation of 3.15% is the rate
at which our money is declining every year
but not all countries are lucky as it always
like the average.
For example, in Venezuela, Inflation or
"hyperinflation" has resulted in inflation of 4,000% in
late 2017 due to economic problems in the country.
The number of people who survive the crisis has
risen sharply. Bitcoin's holdings have increased in
recent years.
Lets image, if one day, 4000 baht left worth only 100
baht ,money from hard working, it may become just
a fraction of money in overnight.

12. 4. Universal Currency by which
Cryptocurrency are not determined by
national and the laws of a particular country.
Spending Cryptocurrency is inevitably be an
another advantage in terms of cutting steps
whether it is a money changer, a fee, and a
limit on the amount of money exchanged.
Now there are some property
estates. For example, a Miami condo that
sells on the Redfin web site is priced at 33
Bitcoin or many convenience stores in Tokyo
that accept Bitcoin and Ethereum, or even
Coffee shops in Thailand, we also accept that
payment also. But because of fluctuations in
prices at present the holders are not very
popular to spend on a daily life.

13. This is just an example of the benefits that this technology
offers only a few. However, Blockchain technology is still
considered a relatively new technology compared with
nowadays and people who really understand it. This can be
caused of bad guys try to take a chance from trends and its
uncontrolled openness of this system so it often seen some
corruption for a while. That’s why we have to make clear
and study well for the security of our own property.

14. 1.) Privacy – Privacy can’t be found in electronic payments. Your
information isn’t private.
2.) Hacking – Thieves are known to rob banks but hackers are known to
rob electronic banks. They can easily reach your money just in few
minutes.
3.) Technological issues – Almost everyone is now having their own
phone. Virus, glitches and the dead on your phone can make you feel
disappointing after you may not be able to spent your money.
4.) Lack of equality – In cashless society the poor one and the informal
economy will not receive equality as they don’t own the devices that are
needed to make the payment. For example if you are in the market and
every single store needs to show up with the device, isn’t that sounds
weird?
5.) Fees – Financial institutions offers a good deal for some people but
not all. Some payments might be the reason to eliminate your saving.
6.) Overspending – As it is easy to spend money, overspending may
occurs much easier. You will not know what is you total spending. Just a
click and everything is now paid.
7.) Interest rates that are negative – Once we turn to the cashless
society, governments will have a chance to promote the negative interest
rates. This is typically a move which is meant to stimulate national
economies. The result however is that money is going to lose its
purchasing power.
D
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15. In addition, Thailand is using cashless society method. We are going to discuss cons and pros of cashless society,
Pros: For government, they don’t need to invest
and manage the paper money and coins.
The way people using cashless method is easy to spend
on goods and services so that government can easily
collect taxes from people. This method can encourage
the business cycle. But for us as people of the country,
we don’t need to calculate taxes, we might just have to
be responsible for checking the right of it.
Cons: The thing to be worried about is that if
people spend more it may leads us to overspending.
And people will have more chance to face with the
word “debt”. It is convenience to carry it anywhere
as it is in your one device. But how if it was lost. The
thing that you can do is say goodbye. The online
shopping gain benefit on which the government
cannot investigate due to lack of evidence.

16. A B O U T U S
SUPANNARATH
M.5/1 NUMBER 20
KRITHPHORN
M.5/1 NUMBER 13
PORNPALANG
M.5/1 NUMBER 8
WARINTHORN
M.5/1 NUMBER 19

17. R
E
F https://www.pinterest.com/
https://medium.com/@saimakepuengudom/cryptocurrency-
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