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Author Topic: The future of the paper money  (Read 414692 times)
sana54210
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May 04, 2017, 07:44:54 PM
 #3401

digital money more safer than paper money... future is digital concept
Yes, in history of many countries we see that the government has taken steps due to certain reasons most common among them is to hold and freeze the black money so the government change the currency notes. An example of this is the approach recently practiced by the Indian government, where the government decided to change the currency notes. 

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May 04, 2017, 08:09:04 PM
 #3402

I have a feeling that paper money will somehow disappear one day and things like credit card payments will be the norm for the people living in the next generation. Since there is a bunch of people that already owe a bunch of money to those credit card companies, I think that they will try to erase people's credit card debt if the individuals move to a different payment system that they have. Since they technically owe zero money only Fiat, I am sure that it would be possible if they get large enough.

Yes, I agree with this. This is becoming more and more visible even at the present moment. Less people are using cash and mostly we prefer paying by credit card. However there is still seeking of new payment method which would be the safest and more convenient.

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May 04, 2017, 11:26:07 PM
 #3403

To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use Bitcoin
I think for decades it will be difficult for digital currencies to take over paper money. Because most people are still not aware of technology. Maybe this will take a long time to process

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May 05, 2017, 01:33:46 AM
 #3404

paper money will continue to be problematic because times had changed, the transaction may not continue to depend on global paper money because human mobility is very high. bitcoin is the best solution to replace its paper money.

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May 05, 2017, 06:03:38 AM
 #3405

paper money will continue to be problematic because times had changed, the transaction may not continue to depend on global paper money because human mobility is very high. bitcoin is the best solution to replace its paper money.
You have no idea what you are talking, people will be problematic if we will force them to adopt crypto currency when they do not
fully understand it, paper money has been here for many years and people been using it with no problem.

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May 05, 2017, 06:37:17 AM
 #3406

Government always wants to control society and money is one of the tools to do it. With cryptocurrency it's hard as it is decentralized and doesn't depend on anything that is under governments' sphere of influence. But it won't loose it's control because each country's economy partially depends on local currency. So, I think, they won't allow cryptocurrency prevail.
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May 05, 2017, 07:04:13 AM
 #3407

To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use Bitcoin
I think for decades it will be difficult for digital currencies to take over paper money. Because most people are still not aware of technology. Maybe this will take a long time to process

I don't think it will require plenty of time to get used to digital money

Personally, I'd rather say it is sooner a matter of technology itself not available everywhere (and that will likely persist for quite some time) as well as a question of convenience (and that, I guess, will always be there). In many cases payment cards (the representation of digital money in real life) are not very handy overall, for example, in a bar (when you look for a hooker) or in a restaurant when you want to leave hefty tips to show off before your girlfriend

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May 05, 2017, 10:11:52 AM
 #3408

To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use Bitcoin
I think digital money is not just cryptocurrency, maybe someday the government will issue a virtual currency to replace the obsolete paper money. I think it might just happen

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May 05, 2017, 11:11:27 AM
 #3409

The future paper money will remain on use it for all nations, although at the is much currency new in use.
A little example currency digital much used in now so that many investors or the the seller and buyer transact use currency this digital.
But a paper currency had more historical value to all states.

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May 05, 2017, 01:16:19 PM
 #3410

digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them.
I think both have a good reason. Paper money can survive because it is easy to use and simple. But digital money has a good flexibility to carry a lot of money when they go out

Well, both are very good, especially paper money is currently busy used. Well, maybe now the use of paper money and digital money almost have the same function, but I am sure, someday, people tend to use digital money from paper money.
People still are using digital money and over time it will be a need for many to divert to the digital money as many people have already. But the digital currency being the most commonly used by people around the world will take time as people are conscious currently because of the weakness that it possess now.

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May 05, 2017, 01:29:39 PM
 #3411

paper money will continue to be problematic because times had changed, the transaction may not continue to depend on global paper money because human mobility is very high. bitcoin is the best solution to replace its paper money.

We are into the new modern day and the technology is on a fast paced. The future of paper money will be depending on the technology and just like bitcoin, currencies will be on a digital type. Because paper money is going to be obsolete as people wants to make the transaction faster and that will be possible with online transaction.

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May 05, 2017, 02:49:20 PM
 #3412

I think, Paper money will continue​it's role in any economy.
it's unimaginable without paper money, this is the most popular form of money. People feel comfortable to purchase in regular life by spending money. It will be difficult to replace by any other form of currency.
So I believe that, future of Paper money is certainly certain.

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May 05, 2017, 04:05:58 PM
 #3413

It looks like paper money will decrease in the future. Financial institutions also continue to innovate to facilitate the public in the use of payment instruments, credit card is proven. Something that was once rejected by financial institutions.

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May 05, 2017, 04:15:11 PM
 #3414

It looks like paper money will decrease in the future. Financial institutions also continue to innovate to facilitate the public in the use of payment instruments, credit card is proven. Something that was once rejected by financial institutions.

In highly developed countries, the amount of paper money can really decrease, if there is no collapse and there will be the development of electronic payments.
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May 05, 2017, 04:42:36 PM
 #3415

It looks like paper money will decrease in the future. Financial institutions also continue to innovate to facilitate the public in the use of payment instruments, credit card is proven. Something that was once rejected by financial institutions.

In highly developed countries, the amount of paper money can really decrease, if there is no collapse and there will be the development of electronic payments.
future is of paper money. paper money is the truth that no one can decline. bitcoin has nothing to compete with it. it has its own importance and bitcoin has its own. i think paper money will remain like before and it has nothing to do with bitcoin. 

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May 05, 2017, 09:50:23 PM
 #3416

It looks like paper money will decrease in the future. Financial institutions also continue to innovate to facilitate the public in the use of payment instruments, credit card is proven. Something that was once rejected by financial institutions.

In highly developed countries, the amount of paper money can really decrease, if there is no collapse and there will be the development of electronic payments.
future is of paper money. paper money is the truth that no one can decline. bitcoin has nothing to compete with it. it has its own importance and bitcoin has its own. i think paper money will remain like before and it has nothing to do with bitcoin. 
You are right even in developed countries its has no problem and no going to decrease because technology cannot replace this paper money will remain for long time in his own value in developing countries its going for more long time

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May 05, 2017, 11:11:54 PM
 #3417

It looks like paper money will decrease in the future. Financial institutions also continue to innovate to facilitate the public in the use of payment instruments, credit card is proven. Something that was once rejected by financial institutions.
to me i think paper money will continue for a long long time in fact the bitcoin users are still very low and they need more and more time when the users of bitcoin will increase. only then the use of paper money can decrease,
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May 05, 2017, 11:17:34 PM
 #3418

Paper money will vanish in the next 20 years at least in the developed countries. In developing countries it will exist several years longer.
However I can not say I don't like the direction we are heading. Digital centralized, completely controled government money is a nightmare.
how can you say that if in previous 9 years only one percent people have started using bitcoin then how can the remaning 99 %people will start using bitcoin i think it is not so easy. although a time will come when bitcoin will the main currency of the people but still people will continue using bitcoin.

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May 06, 2017, 12:00:00 AM
 #3419

Paper money will vanish in the next 20 years at least in the developed countries. In developing countries it will exist several years longer.
However I can not say I don't like the direction we are heading. Digital centralized, completely controled government money is a nightmare.
how can you say that if in previous 9 years only one percent people have started using bitcoin then how can the remaning 99 %people will start using bitcoin i think it is not so easy. although a time will come when bitcoin will the main currency of the people but still people will continue using bitcoin.
That time will not come that bitcoin will be the main currency because that is impossible for bitcoin to be the main currency of the people in our world because there is a lot of things to consider like the approval and support of the government, If the government from different countries in the world didn't allow bitcoin to be accepted then it will be very impossible for bitcoin to be the main currency.

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May 06, 2017, 12:04:49 AM
 #3420

I think, Paper money will continue​it's role in any economy.
it's unimaginable without paper money, this is the most popular form of money. People feel comfortable to purchase in regular life by spending money. It will be difficult to replace by any other form of currency.
So I believe that, future of Paper money is certainly certain.
I do accept with your idea. Not as many people know how to use bitcoin and other cryptocurrency and many people are still very ignorant. Moreover, many countries are still very pool to develop a good technology

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