The future of the paper money

[Duzter]

If the paper money cannot manage by the people in the right way maybe their value were decreasing. But I was not worried that paper money were survive in the future. Even theirs a lot of coins develop or crytocurrencies I think paper money were not diminish

Most of the use of paper money has been attached to each other so unconsciously, we can not possibly replace it. I am sure, in the future paper money can also survive in the rigors of competition with digital currency

Paper money has the perfect backing system, which will keep the paper money survive longer and longer even when several advancement in the technology related to the financial system has taken place. Paper money will be used for a long time as it's the easiest currency to handle than anything else.

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[Tamilson]

I think using paper money wont disappear in near future because of the areas that have slow internet or dont have. Maybe far in the future the world will acceptedly use e-currencies and paper money will disappear.

It can happen in the cities only.
But with areas that cannot be reached by technology or they have to travel far for that service it will be a problem.
I have been through some place like that and it was really hard to get even just a reception for my smart phone.
This places will stay on using paper money for easier trades. Money for food and vice versa.

Yes I think so.
Only that will happen in urban areas. Like in the third world country some rural areas has not been reach of electricity so meaning they are not aware of smart phones and internet. None of these they will never know bitcoin. They only thinking what they will eat for that day. They will take so many years to adopt the digital currency. So the future of paper money will be always the paper money. It couldn't be replace.

[Xester]

If the paper money cannot manage by the people in the right way maybe their value were decreasing. But I was not worried that paper money were survive in the future. Even theirs a lot of coins develop or crytocurrencies I think paper money were not diminish

Most of the use of paper money has been attached to each other so unconsciously, we can not possibly replace it. I am sure, in the future paper money can also survive in the rigors of competition with digital currency

Paper money has the perfect backing system, which will keep the paper money survive longer and longer even when several advancement in the technology related to the financial system has taken place. Paper money will be used for a long time as it's the easiest currency to handle than anything else.

So true.  Paper money evolved many years ago and there is no way it can be replaced by any currency.  There is no need to open your computers and have internet connection to transact or to buy something.  Though it is really hard to earn just by having any job unlike bitcoin.  But still even the advancement of technology and having bitcoins and any other crypto currency paper money still a need for society.

[chineseprancing]

Even there's a lot of coins in the market or even the price of digital currencies we're raised up, I think that paper money were still used in the future. Because paper money were more usable for the people who cannot know how to use bitcoin.

[E-shipper]

Even there's a lot of coins in the market or even the price of digital currencies we're raised up, I think that paper money were still used in the future. Because paper money were more usable for the people who cannot know how to use bitcoin.

People often forget that Bitcoin could be used as Paper Money as well. Bitcoin Paper Wallets could be used to purchase things offline while fiat is used in that same exchange as well. I am pretty sure that Bitcoin will help people to use less fiat compared to how many people are using it now.

Despite the fact that Bitcoin users react very strongly for crypto currency, I still believe that paper money will exist for a very long time. The fact is that many people from our society are not yet ready for higher technologies and real money for them is the best means to buy what they do not want.

[BillCoin]

Even there's a lot of coins in the market or even the price of digital currencies we're raised up, I think that paper money were still used in the future. Because paper money were more usable for the people who cannot know how to use bitcoin.

People often forget that Bitcoin could be used as Paper Money as well. Bitcoin Paper Wallets could be used to purchase things offline while fiat is used in that same exchange as well. I am pretty sure that Bitcoin will help people to use less fiat compared to how many people are using it now.

Despite the fact that Bitcoin users react very strongly for crypto currency, I still believe that paper money will exist for a very long time. The fact is that many people from our society are not yet ready for higher technologies and real money for them is the best means to buy what they do not want.

I agree with you.
The only reason that paper money is going to exist is that to transfer them u don't need any connection to an internet.
But anyway at an era where everybody has an internet connection even in some low developed countries, I don't see how paper money is going to last for long.

[Nathland]

I don't think that paper money is facing any competetion for Bitcoin because Bitcoin transactions charge very high fees which make Bitcoin useless for small transactions. We might shift our dependence on Bitcoin but total replacement is not possible.

[Zemangat]

I think someday paper money will be replaced with digital money. And that's how I feel right now. Most of them use atm services as transactions in buying and selling of goods. They use digital money to pay because it is more simple to use. Unlike banknotes that still lack weaknesses in payments.

[Vasilije69]

Well, we can't know that for sure. Maybe in near future(for 15,20 years) paper money will dissapear and will be changed by Bitcoin. That might happen in develepod countries and maybe European Union... But there will always be some poor, undeveloped countries who won't be able to do that... Also, maybe some countries will not like this form of money and prefer it being in paper. Who knows... We will see.

[pitham1]

I think someday paper money will be replaced with digital money. And that's how I feel right now. Most of them use atm services as transactions in buying and selling of goods. They use digital money to pay because it is more simple to use. Unlike banknotes that still lack weaknesses in payments.

As far as simplicity is concerned, I think paper money wins over digital money. When you tip a waiter, it is much easier to use paper money.
Plus digital money leaves a trail, which many people might not be comfortable with.

[shayshaylaboogie]

Even there's a lot of coins in the market or even the price of digital currencies we're raised up, I think that paper money were still used in the future. Because paper money were more usable for the people who cannot know how to use bitcoin.

If you read history, we go through these cycles. Paper money and hard backed money go through cycles, taking their turns as the dominant form of money. Never before have we existed this long on a paper fiat system. Hard money, whether through a basket of commodities or some other form will become our form of money again. The question is when?

[Esphere.in]

I don't think that paper money is facing any competetion for Bitcoin because Bitcoin transactions charge very high fees which make Bitcoin useless for small transactions. We might shift our dependence on Bitcoin but total replacement is not possible.

Even if the transaction charges are low bitcoin wont face any challenge to the fiat currency simply because they are controlled by a government and there might be a time when they change everything to digital payment in the future,but it will take a long time.

[zulkarnaen]

Fiat currency is not a challenge for bitcoin to get its function as a digital currency that has a similar function to real currency, but to be able to replace fiat currency seems unlikely because not all bitcoin functions can be used real, as it has been making payment Transactions Bitcoin always uses internet connection and uses the power supply. Perhaps including this factor is always a consideration about the function of bitcoin which is always synonymous with internet connection and also flow of electricity.

[bit1]

I don't think that paper money is facing any competetion for Bitcoin because Bitcoin transactions charge very high fees which make Bitcoin useless for small transactions. We might shift our dependence on Bitcoin but total replacement is not possible.

Even if the transaction charges are low bitcoin wont face any challenge to the fiat currency simply because they are controlled by a government and there might be a time when they change everything to digital payment in the future,but it will take a long time.

And hopefully not, about  change everything to digital payment in the future, it would be very risky, a failure in the system whole and would paralyze everything, besides that would be completely unfair for many reasons, in that sense, the paper money also must always co-exist.

[SinLinJim]

I don't think that paper money is facing any competetion for Bitcoin because Bitcoin transactions charge very high fees which make Bitcoin useless for small transactions. We might shift our dependence on Bitcoin but total replacement is not possible.

Even if the transaction charges are low bitcoin wont face any challenge to the fiat currency simply because they are controlled by a government and there might be a time when they change everything to digital payment in the future,but it will take a long time.

And hopefully not, about  change everything to digital payment in the future, it would be very risky, a failure in the system whole and would paralyze everything, besides that would be completely unfair for many reasons, in that sense, the paper money also must always co-exist.

I understand that digital technologies today are ahead of the rest of the world, But you must still think about those people who live on the periphery and not every home has an Internet. Such cases, digital technologies do not have to say. And about the fact that these people come to the Carpathians currency to pay their own or accounts, then this is generally this issue will not be on the agenda.

[Love!]

Paper money started dying with the advent of debit cards. I have rarely, like two times in a year on average, spent cash to buy something and this has been going on for about 10 years now. I'm in America.

[batang_bitcoin]

Paper money started dying with the advent of debit cards. I have rarely, like two times in a year on average, spent cash to buy something and this has been going on for about 10 years now. I'm in America.

Also with credit cards and now, with crypto currencies paper money will be obsolete in the future. But I don't have an idea on when will it be happening and what is the possible way for those people that doesn't have an idea to use digital money. As not all the people are good in terms of technology there are some that would like to stick with paper.

[buwaytress]

As much as paper money is "in decline" in the developed world, it is still the "bitcoin" of currency in most other parts of the world where digital access is difficult.

It's definitely heading for extinction but hardly in our lifetime or even that of the next generation.

[Quadast]

Paper money started dying with the advent of debit cards. I have rarely, like two times in a year on average, spent cash to buy something and this has been going on for about 10 years now. I'm in America.

I would not have written off paper money so quickly. The fact is that many more people are not ready to switch to even some debit cards or credit cards. As the saying goes, civilization has not been chosen everywhere, many people use money in the old-fashioned way.

[Hutalar]

The future of paper money can be so challenging in the future despite of the developing world of currency that's implementing a digital type of sustainable income. I think that it will still be the same type of paper money to be used in the future, but production of paper money will become lesser compared of our current consumption of paper money. Because of that situation happening of masisve adoption of digital currency paper money will not be used always due to fast payment transactions through blockchain networks doing the entire process into fast and comfortable implementations.

Paper money are already secured that it will still be valuable in the future, the government create it for the convenience of everyone and why would they will eliminate that in the circulation. People may adopt with online currency but they cannot live without paper money because most of the activities in life are not done online.

yes  you are right that the country created the paper money for the convenience of the citizens and this is a signs of nation as their national currencies because of that the nation will support their currencies. In future every company want to shift our business on a digital system in that case it is sure that the uses of digit will be going on higher preferences and the uses of paper money become low.