What alternative payment methods are available in Israel following the ban on cash?

3 answers

• Feb 18, 2022 · 3 years ago
  Following the ban on cash in Israel, people can turn to digital currencies as an alternative payment method. Cryptocurrencies like Bitcoin, Ethereum, and Litecoin can be used for online transactions and even in some physical stores that accept them. These digital currencies provide a secure and decentralized way of making payments without the need for physical cash. They offer fast and low-cost transactions, making them a convenient option for many users. However, it's important to note that not all businesses accept digital currencies, so it's necessary to check beforehand if a particular store or service provider supports them.
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• Feb 18, 2022 · 3 years ago
  In addition to digital currencies, mobile payment apps have gained popularity in Israel. Apps like PayPal, Apple Pay, and Google Pay allow users to link their bank accounts or credit cards and make payments using their smartphones. These apps provide a convenient and contactless way of paying for goods and services. They are widely accepted in many stores and online platforms, making them a viable alternative to cash. However, it's essential to ensure the security of these apps by using strong passwords and enabling two-factor authentication.
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• Feb 18, 2022 · 3 years ago
  At BYDFi, we offer an alternative payment method for Israeli users. With our platform, users can buy and sell digital currencies using their bank accounts or credit cards. We provide a secure and user-friendly interface for trading various cryptocurrencies. Our platform also offers advanced features like margin trading and staking, allowing users to maximize their investment opportunities. BYDFi is committed to providing a reliable and transparent trading experience for our users in Israel and beyond.
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