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Author Topic: The future of the paper money  (Read 414692 times)
Allura74
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November 08, 2017, 02:23:16 PM
 #4601

Depend on the current world technology. I think the money is not extinction, internet based coins will be in the market as well as Bitcoin and other coins. However, how long it will stay will not be on the demand of the people.
I think there is a big possibility in the near future that paper money will vanish, as we can see the trends of monetary circulation now a days that almost half of the worlds population are using electronics card to pay bills, buy goods and services and that is because of internet that are connecting around the globe. In my point of view that electronics card is using a single chips that contain all the records, transaction and money balances of every holder so as the world is fully enters to a new era then i think cards are not used anymore because it is prone to loss and the best way is to implant the chips on every individual upon its birth and the chips will be loaded all the identity of the bearer included all its assets, then the paper money will be slowly forgotten and no more value.

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November 08, 2017, 02:48:07 PM
 #4602

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?


Paper money will DEFINATELY be banned at some point. To my mind, it will be around 2030.
This will established bei the governments (not for real, it's the elite doing it).

Unfortunately, it is going to be the complete opposite of privacy and and security. It will be used to control the masses and make EVERY transaction transparent.

Yes, i'm talking about NWO (New world order). Sad, but if we're lucky we can make some Money until then...  Roll Eyes

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November 08, 2017, 06:19:16 PM
 #4603

In my opinion, paper money can rise in the future. The paper money is considered as adulterated by the digital countries.Because fake paper money out of a lot of time.As a result, the people are suffering.

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November 08, 2017, 08:58:53 PM
 #4604

I don't think document cash will be banned or changed completely, Even in the present time where debitcards and creditcards are used worldwide nevertheless paper cash has a substantial use specifically in physical transactions, I think it would nevertheless preserve presence even when bitcoin or any other web-dependent methods go mainstream.
The fact is that paper money has a lot of drawbacks, but at the same time you need to think about the advantages that they have. To date, paper money is an easy settlement tool for most people. Therefore, before talking about the fact that paper money will be replaced by crypto currency, you need to think about this Factor of containment.

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November 08, 2017, 09:12:37 PM
 #4605

The future of paper money is promising as ever BECAUSE bitcoin can co-exist alone !!!
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November 08, 2017, 09:33:12 PM
 #4606

We need digital money to earn paper money here in this world of cryptocurrency, in that matter I don't think so what would happen if paper money is no longer exist and only digital currency is available to use. I think there are many disadvantages of using digital currency instead of papaer money I think peole can't buy a little things because  if someone want to buy something it shoul be in online form because of digital currency but the advantage of its all transactions will doing faster and less of effort.

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November 09, 2017, 02:26:19 AM
 #4607

Due to such a rapid development of e-commerce and the improvement of mobile platforms, in the next decade, consumers will use exclusively non-cash payments. In this case, the use of plastic cards will be completely unnecessary, all payments will be made using modern mobile devices.

But at the same time some segments of the population do not have the opportunity, and some do not want to go into the study of new modern technologies. Consequently, a complete rejection of the classical banking structure is simply impossible. In addition, the security of such banking institutions remains an important issue, because the power of hackers amazes with their capabilities and dexterity.
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November 09, 2017, 03:12:32 AM
 #4608

The future of paper papers is still doubtful for long periods of time, it is seen the decrease in direct transactions, for example shopping in malls most people use digital currency so that makes paper money can disappear.

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November 09, 2017, 05:15:43 AM
 #4609

The future of paper papers is still doubtful for long periods of time, it is seen the decrease in direct transactions, for example shopping in malls most people use digital currency so that makes paper money can disappear.
The thing is not all people are shoppers, I mean there are a big number of our popular who are still under poverty and not earning a good amount
of money, so when money is their problem how can they avail this online services when it's not fully useful to them.

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November 09, 2017, 05:49:46 AM
 #4610

I see no future in paper money anymore since the rise of digital currencies. Digital currencies will be implemented worldwide once the paper money will reach its rock bottom. It is more convenient and even though controlled by government, the crimes involving money will be lessen.

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November 09, 2017, 06:24:11 AM
 #4611

Everyone still uses paper money and will continue to use it in the future, as long as the government has not legalized Bitcoin technology then paper money will not disappear and will always complement each other with Bitcoin. Fiat money will not go extinct.



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November 09, 2017, 07:09:52 AM
 #4612

I am even think that in the future, digital systems will be used more often than physical ones. So also with money, will later transform into something more concise than credit card. Paper money will be a collection item.
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November 09, 2017, 08:06:32 AM
 #4613

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?

Bitcoin has gained a lot of popularity throughout the years since it had started. And along this journey it has gained users of not only younger age groups but also that if older age groups. But still I don’t think that bitcoin will able to replace paper money and i do believe that paper money has a future because firstly paper money is way more popular than bitcoin and because of which its way more in usage and has more users as compared to bitcoin. Secondly paper money does not require any money for transactions whereas bitcoin requires. Then bitcoin requires internet whereas paper money requires no internet.

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November 09, 2017, 09:27:50 AM
 #4614

The day is going forward technology. In this age of technology, people do not want to deal with hands.So, people are interested in trading online.

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November 09, 2017, 10:00:33 PM
 #4615

I think the visio website should provide the choice to get visio cash for importing content.That would be a nice new function
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November 09, 2017, 10:03:46 PM
 #4616

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?

Bitcoin has gained a lot of popularity throughout the years since it had started. And along this journey it has gained users of not only younger age groups but also that if older age groups. But still I don’t think that bitcoin will able to replace paper money and i do believe that paper money has a future because firstly paper money is way more popular than bitcoin and because of which its way more in usage and has more users as compared to bitcoin. Secondly paper money does not require any money for transactions whereas bitcoin requires. Then bitcoin requires internet whereas paper money requires no internet.

So, I always think Bitcoin is the future money because before the world change to digital era, the current FIAT system still manage the world's economy and financial. Bitcoin is just a currency for payment online and trading asset.
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November 09, 2017, 10:07:07 PM
 #4617

If virtual money access is owned by every place then it is very possible to make paper money more abandoned. Because virtual money is easy and safe.
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November 09, 2017, 10:18:22 PM
 #4618

The more days the use of paper money continues to decline, 10 years ago people used a bag containing paper money to buy a house, car or other big thing, but now it's never seen again because it uses transfer banks. this is an indication that the use of paper money continues to drop and eventually disappear.

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Harrisonimo
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November 09, 2017, 10:40:50 PM
 #4619

Paper money/fiat will go into antics sooner or later. Change they say is inevitable and the limitations of fiat has been eradicated with the numerous opportunities the Cryptocurrency is bringing to the table. I do believe there are a lot being put in place to fight the Cryptocurrency from coming into full limelight. But at the moment, both are working hand in hand to meet our needs were its tendering is required. At the long run, the Cryptocurrency takes over with full dominance.

a4techer
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November 09, 2017, 11:45:49 PM
 #4620

If we are thinking about about the future of paper money i think we ignore it that money because cryptocurrency money was continuously knowing of each people and our future money was the digital money or the crypto money and for us it is that the easy way of money that we can use for our daily life so that paper money i think it can remove it into future.

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