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Author Topic: The future of the paper money  (Read 414969 times)
atjiat
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March 19, 2018, 08:09:28 PM
 #5601

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.
you need to give an example not only because you will need to think about the elderly people, who even today do not use credit cards. Based on this, we can conclude that electronic digital money for these people will simply not be available.

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March 20, 2018, 01:51:00 AM
 #5602

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 study of digital currency is not about the application of the currency to achieve a certain technical solution, but it is essentially to pursue the convenience, convenience and low cost of the retail payment system. Security and privacy must also be considered. Several things that can be either billing is based on block chain or distributed technology, DLT based on the digital currency, can also be based on the existing electronic payment technology evolution.

With the development of the digital currency, it is not ruled out that things like paper money and COINS may gradually shrink in the future, and may not even exist one day.

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Questat
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March 20, 2018, 07:52:14 AM
 #5603

bitcoin might become popular and many people using bitcoin. but it will not make the peper money to be disappearing. paper money is always welcome This is not ancient fashion. but paper money has existed since time immemorial.

Paper money will never be eliminated because it's very useful and there is no risk when you are using it unlike
bitcoin where value is so volatile and anyone can lose money if he does not understand it's nature, crypto is quite difficult to comprehend for
people who does not really need to use it, there are digital money which is more safer, they can use it if they are satisfied with the centralized system.


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mahfuj7779
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March 20, 2018, 09:40:32 AM
 #5604

I think the world is moving towards a lot of development. After a few seconds the paper money will not be there. The way the currency is used to decrease.
edir_ruvall
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March 20, 2018, 10:39:38 AM
 #5605

The future of the paper money is not good at all because of the fact that digital currency are upcoming and the normal currency's will also be digital.
Due to this the paper money will disappear. Soon or later, it's inevitable.
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March 21, 2018, 08:27:37 AM
 #5606

Paper money is a popular currency today, and it is unlikely that virtual money will pass through paper money as a common currency. The future of virtual money is much broader than paper money, no more social paper money is a thing not far


AngelaBowen
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March 21, 2018, 08:54:23 AM
 #5607

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country
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March 21, 2018, 09:12:59 AM
 #5608

Must' i don't understand how this is going to work.I think that, some transaction have where need to be paper money.not only use credit and debit card.

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March 21, 2018, 01:04:55 PM
 #5609

Yes the well ahead paper maintenance seems to be at a dark phase, although the plastic share has taken some part of it but taking into account the increasing trend of the cryptocurrency the paper maintenance will lose it's puff, the paper portion is stated forward to a selected low level of use in the gone one or two decades. As we can vent people  pick checking account card and debit card more than cash now a days.

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AsianNapoleon
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March 21, 2018, 02:20:54 PM
 #5610

the future should be bond-backed note
joykulot
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March 21, 2018, 02:23:44 PM
 #5611

Paper money is still exist because many countries cannot accept the digital coin. And the government and central bank cannot accept cryptocurrency too.

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shesheboy
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March 21, 2018, 02:26:55 PM
 #5612

bitcoin might become popular and many people using bitcoin. but it will not make the peper money to be disappearing. paper money is always welcome This is not ancient fashion. but paper money has existed since time immemorial.

Paper money will never be eliminated because it's very useful and there is no risk when you are using it unlike
bitcoin where value is so volatile and anyone can lose money if he does not understand it's nature, crypto is quite difficult to comprehend for
people who does not really need to use it, there are digital money which is more safer, they can use it if they are satisfied with the centralized system.

sure paper money wont be eliminated as it is the original currency that people get used to.  bitcoin is just a digital currency and can only be used mainly for online purpose.  Both currencies have advantage and disadvantage , but overall , paper money is still the future currency that we will be using forever, no matter what happens.  bitcoin is just an alternative currency just like on credit cards and debit cards, theyv been only used in order to buy stuffs online.

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March 21, 2018, 02:35:31 PM
 #5613

bitcoin might become popular and many people using bitcoin. but it will not make the peper money to be disappearing. paper money is always welcome This is not ancient fashion. but paper money has existed since time immemorial.

Paper money will never be eliminated because it's very useful and there is no risk when you are using it unlike
bitcoin where value is so volatile and anyone can lose money if he does not understand it's nature, crypto is quite difficult to comprehend for
people who does not really need to use it, there are digital money which is more safer, they can use it if they are satisfied with the centralized system.

sure paper money wont be eliminated as it is the original currency that people get used to.  bitcoin is just a digital currency and can only be used mainly for online purpose.  Both currencies have advantage and disadvantage , but overall , paper money is still the future currency that we will be using forever, no matter what happens.  bitcoin is just an alternative currency just like on credit cards and debit cards, theyv been only used in order to buy stuffs online.
Paper money will still exist and it will only get some improvements and maybe it might get into bitcoin so there will be collaboration between bitcoin and also paper money and we don't need to eliminate the paper money because they are useful in everyday life and also the easiest way in terms of mode of payment for small trades or exchanges.

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March 21, 2018, 02:38:09 PM
 #5614

I'm sure that paper money will definitely be replaced by something more sophisticated new. maybe it's a kind of digital currency but I do not think the government will then adopt cryptocurrency to be their currency, while cryptocurrency is decentralized and can not be controlled?

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March 21, 2018, 03:21:29 PM
 #5615

I'm sure that paper money will definitely be replaced by something more sophisticated new. maybe it's a kind of digital currency but I do not think the government will then adopt cryptocurrency to be their currency, while cryptocurrency is decentralized and can not be controlled?

Paper money can never be replaced by any cryptocurrency. Because it is  digital and very hard or impossible to track for it is originally designed to evade government entities. It is untraceable and highly-encrypted. The government itself is not that foolish to replace paper money with cryptocurrency when in fact they have no control and nothing to do with it.

Paper money will still remain in the future and cryptocurrency will be the alternative to use for paying electronic payments and transactions.
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March 21, 2018, 04:11:32 PM
 #5616

All we have to think about is a lot of people with different educational backgrounds, and not everyone likes and knows to use the internet, if one day the use of digital money is bigger then I'm sure this will never reduce or make paper money disappear.

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March 21, 2018, 04:15:44 PM
 #5617

I guarranted that paper money will not entirely be banned. why? because there are economic sectors were using fiat money as a payment method for long last and it causes that can be replaced into cashlees money.
paper money still used because every countries have the regulations that control its circulation. money expertise has forecast about paper money exsitence will be considering in the future . how long it will happens ? I think when the cashless society bigger and dominate. it will have huge affect into method payment also
when the people pleasant with digital money,

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March 21, 2018, 06:54:57 PM
 #5618

The future of paper money depends on the future of the man kind
It depends on the way we evolve
It began with gold and silver trading then we made paper money
Then something else came in which is criptocurrency
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March 21, 2018, 07:04:26 PM
 #5619

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?


In my own opinion, paper money will be still necessary even in the future because there are people in the community who cannot really manage to earn cryptocurrency, another thing is that, banks will also complain because their business will die if they did not do anything to compete on the growth of cryptocurrency.

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Kadal Ijo
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March 21, 2018, 07:15:24 PM
 #5620

The future of paper money depends on the future of the man kind
It depends on the way we evolve
It began with gold and silver trading then we made paper money
Then something else came in which is criptocurrency
Transactions must be fast and simple, and paper money meets that, I'm sure that any paper money will be maintained by all countries, until at any time paper money will not disappear.

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