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Author Topic: The future of the paper money  (Read 414997 times)
Michael CF
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January 18, 2018, 03:56:22 AM
 #5221

I think paper money plays a very important role. but in the future digital money will rise strongly. That is the inevitable trend!

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munify
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January 18, 2018, 04:45:20 AM
 #5222

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 currency will still exist and will not disappear, and its use is also easier than crypto money in transactions. Crypto money is more suitable for investment than for transactions.

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betchay22
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January 18, 2018, 05:00:45 AM
 #5223

i dont think paper money will be banned. It will stay  because some higher authorities are not in favor of bitcoin for some reasons. Bitcoin cannot be regulated or controlled. Who will be liable if something turn out bad? Who will be blame if what you are expecting didnt meet your expectations? And so many other things that no one can answer

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January 18, 2018, 06:57:46 AM
 #5224

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 currency will still exist and will not disappear, and its use is also easier than crypto money in transactions. Crypto money is more suitable for investment than for transactions.
The future of paper money is fully safe and secured.The whole world uses paper money.The day to day transactions are done by the paper money only.Paper money does not require any internet accessibility unlike bitcoin or other cryptocurrencies.So paper money can used anywhere and anytime.The government also favours paper money as it is centralised.

bengca84135120
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January 18, 2018, 07:39:01 AM
 #5225

I think in the future, paper money will probably disappear, and electronic informationized currency will become more and more popular, and paper money may be gradually replaced! I think it's going to be a lot less money for the technology that's going to be more and more advanced.
musharaf
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January 18, 2018, 07:51:45 AM
 #5226

I think the paper money will be very rare uses in the future the future is for crypto currency and bitcoin are using in the future. Bitcoin is highly famous for the online businesses and because of this the paper money will be used in villages and it will use for the uneducated community of the world bitcoin is really amazing in the present time bitcoin is using for online hiring and for the earning as well. Paper money is now using every where but in the future the people will use the digital money.

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January 18, 2018, 08:56:41 AM
 #5227

The future of paper money seems dull as the introduction of plastic money and crypto currency will blow it away.The online business and marketing can be easily done through bitcoin.The paper money will only be used by the villagers and the uneducated community as they are totally unaware of the presence of the crypto currency and other digital money.
The future is of digital money and that too of the Bitcoin .
markk94
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January 18, 2018, 08:58:22 AM
 #5228

maybe the future of paper money in some region is still get the attention and useful for some traditional market payment tool. or for local people on that region. well, i hope for the digital currencies future to be bright.

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Donceng
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January 18, 2018, 09:21:00 AM
 #5229

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

yes I agree, paper money will remain forever, in addition to easy to use paper money, paper money is also famous and trusted by everyone. unlike other currencies such as digital currencies

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January 18, 2018, 09:37:21 AM
 #5230

paper money will stay at least for another 10-20 years, i think so. Paper money use easy than bitcoin and payment
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January 18, 2018, 09:47:36 AM
 #5231

If for this I think the fate of the paper money will remain there, and will still be used as usual and still popular in the world, I can’t guarantee if the paper money will be destroyed or will not be used anymore, because it is impossible that paper money will become extinct, because most people in this world, can not mengunakan money other than paper money.

amih
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January 18, 2018, 10:12:44 AM
 #5232

there are several factors that make it possible if the paper currency will be lost only I do not agree if the paper currency is lost because there is no longer any interest of everyone to use paper money. I think not everyone is interested in the existence of electronic currencies that are not visible visible especially for parents who may no longer be able to continue to monitor mobile phones to make a transaction. I think if the paper currency will disappear the factor that could cause it is the decrease in the supply of raw materials to make paper money so that electronic money will be used as an alternative to how to conduct transactions.

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justspare
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January 18, 2018, 11:05:29 AM
 #5233

Paper money is disappearing, thankfully, we do have the technology and capability to create more secure and paperless transactions, also crime would go down in an alarming rate, another type of criminals would rise too but anyways the entire world could be a safer place
Paper money is now not able to cope with the increasing demands of the global village. People need fats transactions and don’t like carrying too much cash with them. Robbery rate and murders will also decrease with the increase of digital currencies and plastic money. I don’t like paper money anymore because I often am looted by people when carrying cash. Paper money is restricted to poor countries.
acener
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January 18, 2018, 01:46:57 PM
 #5234

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?


I guess sooner or later, we have to accept the fact that paper money will no longer be relevant to the world since we are experiencing the advancement of technology, something like extinction of paper money is bound to happen. This is why we shouldn't be surprised at all if paper money will be gone after some years.

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Wewe Gombel
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January 18, 2018, 02:03:37 PM
 #5235

I am sure that the future of paper money will survive, as is the book that until now can survive despite many e-books, this is because paper money transactions do not require high costs such as bitcoin or digital money.

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btcrut2017
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January 19, 2018, 07:40:24 AM
 #5236

I am sure that the future of paper money will survive, as is the book that until now can survive despite many e-books, this is because paper money transactions do not require high costs such as bitcoin or digital money.
Lol, sure it will survive mate compare to the books that you give as a sample. But definitely, transaction involving money will be lessen in the future because of cryptocurrency. I don't say a total elimination but at least there is a variety on what kind of payment mode to be made.

w33man
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January 19, 2018, 08:57:34 AM
 #5237

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?


The future of paper money is quite clear, it is bound to be abolished in the future. With the growth of technology every year and the effects brought by the cryptocurrencies, something like total extinction of paper money is feasible and reasonable. We should always move on to innovation, so there'll be growth.

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January 19, 2018, 08:24:22 PM
 #5238

I think in the future, paper money will probably disappear, and electronic informationized currency will become more and more popular, and paper money may be gradually replaced! I think it's going to be a lot less money for the technology that's going to be more and more advanced.
The paper money will not be vanished entirely from this society in the days to come as there are number of people who still believe in paper money and they have no mood of going for investing or using crypto currency due to their own reasons. Paper currency will remain there in this world but there will be only few people across the world who will be using it at that very time.

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January 19, 2018, 08:40:53 PM
 #5239

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?


I also think that the paper money cannot be banned. Usage of it will decrease of course. And countries like The Netherlands already started to change paper money to pin card or credit card. Most of the coffees, bars, and restaurants direct their customer to pay with pin card, credit card for mutual safe.
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January 19, 2018, 08:44:52 PM
 #5240

I think in the future, paper money will probably disappear, and electronic informationized currency will become more and more popular, and paper money may be gradually replaced! I think it's going to be a lot less money for the technology that's going to be more and more advanced.
The paper money will not be vanished entirely from this society in the days to come as there are number of people who still believe in paper money and they have no mood of going for investing or using crypto currency due to their own reasons. Paper currency will remain there in this world but there will be only few people across the world who will be using it at that very time.
Paper money will stay to this world and i think that the only thing that will happen is the people will change of their perspective in using a money because they will surely use digital money as the technology is continuously revolutionizing during this era and they can use like bitcoin and other form of digital money to use it to shop or to do something related to financial things.

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