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Is my physical money going to become digital?

Moving into a digital age, many have long forgotten the old savings passbook, I recalled the days when my grandparents and parents will visit the bank branch teller to withdraw cash and get their savings book updated, it was later that auto machine teller was introduced and people moved on to queue at the automated teller machine. It is supposed to solve the problem of crowd gathering at the bank branch teller and provides a more efficient way of updating your personal savings passbook and for cash withdrawal.

I can still strongly recall the days where there was a squirrel that comes with the savings book, through education, our Singapore government educates the public how to set up a savings account to start savings. To me, a squirrel is a cute animal that is also a vegetarian and one of the foods it feeds on is acorns, it will bring it back and save the acorns for a rainy day. I love how the squirrel appears as a mascot for POSB Bank and educating the next generation to save.


Established on 1 January 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on 16 November 1998. DBS was awarded the worlds best digital bank 2018, into this digital age, we are moving towards QR code, efficiency, convenience, security. Gone are the days to queue up to update your passbook, in fact, maybe the passbook is being phased out (do you it takes 626,000 tons of paper to produce books in USA every year?)


As we move into this digital age and with technology, we are seeing the rise of the new currency, digital currency, or Cryptocurrency, with this new $2.24 Trillion market, we are seeing:

  • ๐˜Ž๐˜ฐ๐˜ท๐˜ฆ๐˜ณ๐˜ฏ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฑ๐˜ข๐˜ณ๐˜ต๐˜ช๐˜ค๐˜ช๐˜ฑ๐˜ข๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜ฏ๐˜ฆ๐˜ธ ๐˜ฅ๐˜ช๐˜จ๐˜ช๐˜ต๐˜ข๐˜ญ ๐˜ค๐˜ถ๐˜ณ๐˜ณ๐˜ฆ๐˜ฏ๐˜ค๐˜บ. ๐˜—๐˜ฆ๐˜ฏ๐˜ด๐˜ช๐˜ฐ๐˜ฏ ๐˜ง๐˜ถ๐˜ฏ๐˜ฅ๐˜ด ๐˜ข๐˜ณ๐˜ฆ ๐˜ข๐˜ฅ๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ฃ๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ๐˜ด ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต๐˜ง๐˜ฐ๐˜ญ๐˜ช๐˜ฐ.

  • ๐˜”๐˜ฐ๐˜ณ๐˜ฆ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ฏ๐˜ฆ๐˜ธ ๐˜ค๐˜ฐ๐˜ช๐˜ฏ๐˜ด ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ฃ๐˜ฆ๐˜ฆ๐˜ฏ ๐˜ค๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฆ๐˜ฅ ๐˜ฆ๐˜ข๐˜ค๐˜ฉ ๐˜ฅ๐˜ข๐˜บ. ๐˜™๐˜ถ๐˜ด๐˜ฉ ๐˜ฐ๐˜ง ๐˜ฏ๐˜ฆ๐˜ธ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ฆ๐˜ต๐˜ช๐˜ต๐˜ช๐˜ฐ๐˜ฏ. 35% ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ๐˜ฎ ๐˜ง๐˜ข๐˜ช๐˜ญ๐˜ฆ๐˜ฅ ๐˜ช๐˜ฏ 1๐˜ด๐˜ต ๐˜บ๐˜ฆ๐˜ข๐˜ณ.

  • ๐˜”๐˜ช๐˜ญ๐˜ญ๐˜ฆ๐˜ฏ๐˜ฏ๐˜ช๐˜ข๐˜ญ๐˜ด ๐˜ข๐˜ณ๐˜ฆ ๐˜ฑ๐˜ฐ๐˜ถ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ โ€œ๐˜ฆ๐˜น๐˜ต๐˜ณ๐˜ขโ€ ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ค๐˜ณ๐˜บ๐˜ฑ๐˜ต๐˜ฐ๐˜ค๐˜ถ๐˜ณ๐˜ณ๐˜ฆ๐˜ฏ๐˜ค๐˜บ.

  • ๐˜Š๐˜ถ๐˜ด๐˜ต๐˜ฐ๐˜ฎ๐˜ฆ๐˜ณ ๐˜ด๐˜ฆ๐˜ณ๐˜ท๐˜ช๐˜ค๐˜ฆ ๐˜ธ๐˜ฐ๐˜ฆ๐˜ด. ๐˜”๐˜ฐ๐˜ด๐˜ต ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ฆ๐˜ต ๐˜ถ๐˜ฑ ๐˜ข๐˜ณ๐˜ฆ ๐˜ฅ๐˜ช๐˜จ๐˜ช๐˜ต๐˜ข๐˜ญ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ค๐˜ถ๐˜ด๐˜ต๐˜ฐ๐˜ฎ๐˜ฆ๐˜ณ ๐˜ด๐˜ฆ๐˜ณ๐˜ท๐˜ช๐˜ค๐˜ฆ ๐˜ช๐˜ด ๐˜ฐ๐˜ฏ๐˜ญ๐˜ช๐˜ฏ๐˜ฆ. ๐˜›๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ญ๐˜ช๐˜ฎ๐˜ช๐˜ต๐˜ฆ๐˜ฅ โ€œ๐˜ณ๐˜ฆ๐˜ข๐˜ญโ€ ๐˜ฉ๐˜ถ๐˜ฎ๐˜ข๐˜ฏ ๐˜ค๐˜ถ๐˜ด๐˜ต๐˜ฐ๐˜ฎ๐˜ฆ๐˜ณ ๐˜ด๐˜ฆ๐˜ณ๐˜ท๐˜ช๐˜ค๐˜ฆ ๐˜ฐ๐˜ง๐˜ง๐˜ช๐˜ค๐˜ฆ๐˜ณ๐˜ด.


What do you think of this new digital currency or cryptocurrency? Do you think it will add value or will be another Ponzi scheme in the next years to come? How would you like to get educated on this topic? Comment below.


๐˜‹๐˜ช๐˜ด๐˜ค๐˜ญ๐˜ข๐˜ช๐˜ฎ๐˜ฆ๐˜ณ: ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ฎ๐˜ข๐˜ต๐˜ฆ๐˜ณ๐˜ช๐˜ข๐˜ญ ๐˜ด๐˜ฉ๐˜ข๐˜ญ๐˜ญ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ฃ๐˜ฆ ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ฆ๐˜ฅ ๐˜ข๐˜ด ๐˜ข๐˜ฏ ๐˜ฐ๐˜ง๐˜ง๐˜ฆ๐˜ณ, ๐˜ณ๐˜ฆ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ฅ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ณ ๐˜ด๐˜ฐ๐˜ญ๐˜ช๐˜ค๐˜ช๐˜ต๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ต๐˜ฐ ๐˜ค๐˜ฐ๐˜ฏ๐˜ค๐˜ญ๐˜ถ๐˜ฅ๐˜ฆ ๐˜ข ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ช๐˜ด ๐˜ฑ๐˜ถ๐˜ณ๐˜ฆ๐˜ญ๐˜บ ๐˜ด๐˜ฉ๐˜ข๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ง ๐˜ง๐˜ณ๐˜ฆ๐˜ฆ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ช๐˜ด ๐˜ข๐˜ท๐˜ข๐˜ช๐˜ญ๐˜ข๐˜ฃ๐˜ญ๐˜ฆ ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฆ๐˜ฃ๐˜ด๐˜ช๐˜ต๐˜ฆ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ฐ๐˜ญ๐˜ช๐˜ฅ๐˜ข๐˜ต๐˜ฆ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฆ๐˜ฅ๐˜ถ๐˜ค๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฑ๐˜ถ๐˜ณ๐˜ฑ๐˜ฐ๐˜ด๐˜ฆ๐˜ด.

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