The future of the paper money

[Kray]

It may take a very long time around 20 to 30 years if paper money vanish and it will probably only in developed countries, in still-developing countries it will be a few years longer than developed countries.
I may not be able to say that I don’t really like that paper money is going to disappear because the central government's financial system is strictly controlled
 

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[BITDV]

Paper money will not be vanished because paper money is very stable in the guard by the state government and paper money has its own use although there are many who already use debit cards, credit cards and other digital money such as bitcoin, there are some transactions that are handled with paper money and transactions that are handled with debit cards, credit cards and digital money.
Paper money will always be the main currency as a payment method in everyday transactions in real world

I don't agree with you. Paper money is a relic of the past. Now every year it reduces the circulation of paper money. I'm sure this trend will lead to the fact that paper money will completely disappear. The state is easier to control Bank money and illegal profits can hide in bitcoin.

I have no problem with disagreement with you, but here I only give an opinion because there are still many countries that refuse cash payment for official payments could be paper money destroyed but it takes a very long time about tens of years to come, easier to Control if virtual money replaces paper money but countries that make virtual money decisions to replace paper money will be difficult to change the state financial system and change the rules of the state money trade into virtual money used.

[Dainye_dyep]

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

Kinda true, but I see the advantage that if sooner bitcoin may be use as payment for transactions worldwide and paper money will be after it I think it os a good idea, the only thing I see why governments may reject the capabilities of bitcoin is that the power will take away from their hands and they dont like that so probably they will do some actions.

[setupbounds]

I think the paper money will not disappear soon

I will second you. You can never expect that paper money will be vanished from this world. Both the paper money as well as Bitcoins carries equal importance at their own places and I don’t think they will effect each other this much.

[Kilua]

I think the paper money in Indonesia will continue to apply. Because the government considers the rupiah to be a legitimate payment, bitcoin is not a valid money for payment

[jonatuzc]

That is a strange question indeed. The fact is that paper currency should have been gone a long time ago, at least 10 years. Debit cards, and bank accounts that represent government payouts was the last key to making this happen.

Paper money cant just disappear. Bank accounts and debit cards have already immerged but are used as a digital currency. Paper money are a traditional way of buying/selling commodities. Each countries individual paper miney represents the specific country. Even the Economy for the country can be decided from the currency. Paper money was the starting for everything. Perhaps in some more years it can be used for a very small extent.

[BlueStackz]

I hope in future we no need paper money and credit cards anymore, just only payment prog in phones

Yes, and it is the reason we are entering the digital world. Paper money will be surely been used in some or another parts of the world. Not everyone can use digital payments. Lack of technology, knowledge can force people to use paper money instead of risking their money in digital payments. Even now, some applications are been created to make online payments including various wallets, etc. Crypts can also be a part of this new revolution but it would take double time to explain people what cryptos are.

[decoder88]

If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change .
and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep

I think that if there something made by some people that have more power in our society, definitely that it won't let happen and they will control on there surroundings right?

[Proton2233]

I think the paper money in Indonesia will continue to apply. Because the government considers the rupiah to be a legitimate payment, bitcoin is not a valid money for payment

It doesn't matter. If people decide that bitcoin is more profitable for them they will simply stop using paper money. Even if bitcoin will be banned people will change it into dollars or euros, but the rupee may die.

[sandrun]

I think the future of paper money will be replaced by digital currency. even though it's their country's currency. people on the day prefer to carry credit cards rather than carrying money on the wallet. because they think carrying credit cards is easier for payment transactions and easy to carry. if you need 1 million. in a store .. mu gkin if you bring paper money on the wallet it feels very troublesome .. you alan difficulty in calculating the amount of your money. but not with digital ones .. you can bring whatever money you have into your credit card ..

[charlotte04]

For now, Bitcoin isn't popular, but paper money will end after many years. And after that, our Global currency would be BTC.

[MMA]

I think the paper money will not disappear soon

I will second you. You can never expect that paper money will be vanished from this world. Both the paper money as well as Bitcoins carries equal importance at their own places and I don’t think they will effect each other this much.

yes currently we are not expecting that fiat currency will ever vanish. because currently most of the people of the world are depending on  fiat, and even those people who are using bitcoin still  they are using bitcoin as optional i think that they will even continue using fait alot with bitcoin uless all the people of the world start using bitcoin and all the facilities may also be available that we are using for fiat currency also.

[ewonardo]

Paper money will continue to exist. Because, it's difficult if the digital financial system is applied globally by a factor not all countries have same standard or quality of technology and human resources. Even many countries in African continent are less open with presence of bitcoin. Paper money still favored for global conditions now.

[Kompodd]

Paper money will always, they are more real than Bitcoin. For the experiment, this can be done, but I think that this will cause only problems, both for people and for the government. As they say virtual money, they are for that and virtual, that they can be seen, not touched.

[JL421]

It will still remain the same we are using paper .money for more than a million years changing to digital will never happen because everything will have a trace and all illegal activities can't be performed by the elites and our politicians they won't be able to earn second money because of digital

[mornabo]

Paper money will not be vanished because paper money is very stable in the guard by the state government and paper money has its own use although there are many who already use debit cards, credit cards and other digital money such as bitcoin, there are some transactions that are handled with paper money and transactions that are handled with debit cards, credit cards and digital money.
Paper money will always be the main currency as a payment method in everyday transactions in real world

I don't agree with you. Paper money is a relic of the past. Now every year it reduces the circulation of paper money. I'm sure this trend will lead to the fact that paper money will completely disappear. The state is easier to control Bank money and illegal profits can hide in bitcoin.

I think everyone actually already knows the future of paper money, they certainly can see the use of paper money continues to decrease and many more people use credit cards or debit cards to shop, I think that's a sign of the future of paper money

[AMHURSICKUS]

In my own opinion it is posible that paper money will be replaced by digital currency. This is due to the increasing level of our technology. And one day all the countries in the world will be implementing the cash less society.

[fuer44]

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

of course this will be a difficult decision. I think, a country will never stop the circulation of paper money, although cant deny bitcoin is currently very popular as a digital currency. this is also very risky when the paper money is removed and replace it with digital currency, the hackers will definitely try to break into a security site that keeps our digital money balance. because if the paper money is replaced by bitcoin, then all countries in the world will use the same currency.

[Prettyme]

Paper money will stay forever.
Why? Because its easier to make than coins.

Paper money is still there because bitcoin is made due to the needs in the digital world. Many of us is thinking what comes tomorrow because they are afraid that everything will be replaced by technology. However I'm still believe that paper money will last forever.

[shursight]

Paper money will stay forever.
Why? Because its easier to make than coins.

Paper money is still there because bitcoin is made due to the needs in the digital world. Many of us is thinking what comes tomorrow because they are afraid that everything will be replaced by technology. However I'm still believe that paper money will last forever.

I dont think that it will last forever, but it wont be replaced soon. I know that technologies are too advanced and probably all members of this forum wants paper money to be replaced, but the entire world doesnt want that.
I wouldnt like to only pay with bitcoins, i really like having the paper money, and bills are pretty, i like holding them.
So i dont think that will happen, and if it happen, i dont think that it would be bitcoin, since there is not even 0.02% of the population that uses bitcoin.