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Author Topic: The future of the paper money  (Read 414610 times)
sopromat
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March 16, 2018, 07:21:08 PM
 #5601

I am sure that the future of paper money will continue to improve although the use of digital money continues to increase, this is because all transactions can be done with paper money but not all transactions can be done digital money or cryptocurrency.

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March 17, 2018, 01:18:52 PM
 #5602

I think paper money in the future will be less used. More and more people are getting aware of bitcoin and it can be use in different transactions like money transfer or buying some items. But i think i will not be extinct because not all people have access to internet so they will still use paper money.

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March 17, 2018, 01:24:27 PM
 #5603

The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.
Its of course also a matter of time before this will happen.

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March 17, 2018, 01:31:23 PM
 #5604

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?


We are so mosernized but I disagree of eliminating paper money. Not everyone could afford digital devices to use as their process of payments. The government must think that not everyone that lives in one country are all earning enough money to support their wants and their needs.

Though the idea is really good and it's purpose is clear, it is still hard for us to process everything online or digitally. Some of us are still digital illiterate and is unable to handle devices.


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March 17, 2018, 01:32:04 PM
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 #5605

In the first place, why could countries ban paper money? Currently, it is the most flexible and divisible form of money. It is easy to transfer from one bank to another and central banks could generate money by printing it (assuming they provided a monetary policy). Replacing fiat money with electronic-based money poses many threats. Hackers could easily go in and out as invading one's privacy online is much easier that to rob a bank.

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March 18, 2018, 12:44:59 PM
 #5606

i think that it is pretty easy to understand that in future there will be less and less paper money in use, while everyone use credit cards or even bitcoin, of course they still will be in use, but not that often as today.

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March 18, 2018, 01:19:49 PM
 #5607

i think that it is pretty easy to understand that in future there will be less and less paper money in use, while everyone use credit cards or even bitcoin, of course they still will be in use, but not that often as today.
this situation will change unequivocally, but only by as much as the elderly population of the planet will quickly decrease. old people generally can not accept using credit cards, And I'm not talking about crypto currency.

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March 18, 2018, 01:40:38 PM
 #5608

I think paper money is eternal, even if electronic money is growing, they are still risky, and there are many limitations in this life. If digital money replaces cash completely, blind people who do not know how to use the technology they will use. I insist the paper money will last forever. And money is just support for paper money.

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March 18, 2018, 01:46:55 PM
 #5609

Electronic money, or financial derivatives, bills, and bitcoins, all depend on credit, and are produced in financial institutions, without credit. Therefore, the concept of electronic money can not escape the category of paper money.

Electronic money has a fatal flaw. If money is fully virtualized, then terrorists can destroy the world's economy by developing a virus that is powerful enough.

So paper money never dies.

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March 18, 2018, 02:06:43 PM
 #5610

Paper money will not have that bad future and that is because you also can see that there is still a lot of people that dont even know how Bitcoin works and that is the problem. So they just use the paper money and it will not disappear soon because it is quite important for the most people. But a lot of people bitcoin will use.

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March 18, 2018, 02:09:53 PM
 #5611

Upon predicting the future, bitcoin and real money will exist simultaneously. Because real money will still be used by the people for those who can not afford to buy bitcoin or to avoid the transaction charge or fee if you transact using bitcoin. However, bitcoin will continue to grow since it will become accepted worldwide due to going to a modernized society.

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March 18, 2018, 02:46:51 PM
 #5612

The use of digital money continues to grow, we can see that almost all transactions do not want to receive cash and must use digital money so I'm sure that the future of paper money will soon disappear.
I do not agree with you that the paper money is we will disappear in this wolrd, because even digital currency is becaming popular it is can not still make  paper money dissapear because almost all people in this world is prefer using paper money so there is no doubt that the future of paper money is we will be stable.

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March 18, 2018, 02:53:56 PM
 #5613

I like the paper money because this is the usual money used to pay bills and other payment. I dont think paper money will be replace by cashless currencies like bitcoin ans othee coins.


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March 18, 2018, 04:29:10 PM
 #5614

I think paper money and bitcoin will be used concurrently. Depending on the needs of human use they use whatever currency they like. But now, the world is growing, everywhere there are internet, the use of bitcoin is also easy. And I think, bitcoin will be used more than paper money but does not mean that paper money will be completely lost and not traded.

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March 18, 2018, 06:11:17 PM
 #5615

There are many attempts by governments to make cash disappear, and to replace it with electronic money.
But in this case we're talking about centralized currency, certainly not crypto.
We will see
Yeah, many countries are learn about electric money and as far as I know, China is the first country which claims that they will use the cryptocurrency to control their people (citizens are not allowed to hold private key). In japan, many banks are trying to accept the ripple technology to make everythingfaster and reliable


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March 18, 2018, 07:17:07 PM
 #5616

Paper money is already old thing but it's not bad and i can't see any reasons to change everything into digital currencies. If something will happen people will tell what to do to their government.

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March 18, 2018, 10:22:55 PM
 #5617

I am absolutely certain, there is no future for paper money! Paper money will be withdrawn from the market in 10 years. All local paper money will be replaced by digital money. Some city municipal administrations have accepted the tax payment with Bitcoin.

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March 18, 2018, 10:27:46 PM
 #5618

Paper money will always be the most common used of payment in the near future. The only difference is that it will be used less because there will different type of payments. Credit cards will be used more because banks will provide a long term payment for credit card debts. Bitcoin will be used to purchase things and majority of malls and groceries will accept bitcoin as payment. Some might prefer payment using bitcoin because it keeps on increasing. Its like selling and investment at the same time.

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March 18, 2018, 11:18:08 PM
 #5619

I like the paper money because this is the usual money used to pay bills and other payment. I dont think paper money will be replace by cashless currencies like bitcoin ans othee coins.
Well you know they use of money only you are not aware of bitcoin benefits, nothing is hard in bitcoin, now we can use bitcoin as currency to buy all kind of good we can pay our bills within minutes, there is no need to wait in queue to pay your electricity bills,   but if you will see fiat money it can take hours to come your number, so love bitcoin then bitcoin  will love you back also bitcoin is safe to hold in high amount of bitcoin in your bitcoin wallet without any fear of robbing as it will be useless for them after you put your bitcoin in bitcoin wallet properly.

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March 19, 2018, 06:50:47 PM
 #5620

THE FUTURE OF THE PAPER MONEY IS NOT SO BRIGHT. I THINK IT WILL BE REPLACE BY THE DIGITAL CURRENCY.

Although I share this viewpoint, I will tell you that not all fiat money will be replaced by crypto. some countries, especially in Africa, will never use digital money.



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