The future of the paper money

[Positid]

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.

I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.

Mind you, gold is not money but a commodity. Bitcoin will be qualified but not for the human race, it's still limited despite of it being so popular.

[1714111222]

1714111222

[gabmen]

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.

I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.

Mind you, gold is not money but a commodity. Bitcoin will be qualified but not for the human race, it's still limited despite of it being so popular.

Yeah I think you have a good point there. Even though bitcoin's features would be a lot more beneficial for everyday use, it still has a lot of limitations in the real world. Though I also believe that most transactions will be done online or digitally in the future, there will still be a lot of places that will still rely on tangible exchanges. So there still would be use for paper money definitely.

[deisik]

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.

I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.

Mind you, gold is not money but a commodity. Bitcoin will be qualified but not for the human race, it's still limited despite of it being so popular.

You are in for a big, big surprise

None other than Alan Greenspan himself, the former chairman of the Fed, said it in the public that gold is currency and no fiat currency such as the US dollar will ever match it. Gold may in fact not be a currency for the masses (though gold bugs will obviously disagree), but it is certainly the money of last resort to governments. Monies come and go but gold remains, and if things massively go haywire on a world scale, governments will start using gold for trading between themselves. And it would well match Bitcoin as a means of transacting in a trustless environment, when governments no longer trust each other



And still less paper money they happen to print

[myhung76393]

in the future the bitcoin can use around the world

[farhaan]

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.

[Xester]

I have made some research and I read books about economics and finance. There was this article that says about digital revolution of currency. It was stated that paper money will be burned in the future, paper money will be considered ordinary paper and will lost its value. That statement is in congruence to what is actually going to happen soon. Banks are turning into digital currency and integrate blockchain technology in their system. Soon   
all of us will no longer hold paper money since fiat currency has already turn digital.

[Supercrypt]

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.

I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.

Gold has been used as a currency in the whole world before paper money exists, before the dawn of the civilization, and technology, but with the invention of printers and banks people started to use paper money and now with the internet and the digital age on the door makes bitcoin the best alternative for those two.

[webtricks]

Yeah! Almost all the governments around the world are trying to eliminate paper currency. In countries like US or Sweden, paper currency is limited to approx. 35%
But when we say, not paper currency doesn't directly mean blockchain or bitcoin. It may be other cashless means like Debit/Credit Cards, Net Banking, etc.
So as per securities of these methods, they can be well managed if they acquire 100% of currency system.
So on the whole, it is possible for some nations to completely eliminate paper currency without much worry!

[lukmandog]

Yeah! Almost all the governments around the world are trying to eliminate paper currency. In countries like US or Sweden, paper currency is limited to approx. 35%
But when we say, not paper currency doesn't directly mean blockchain or bitcoin. It may be other cashless means like Debit/Credit Cards, Net Banking, etc.
So as per securities of these methods, they can be well managed if they acquire 100% of currency system.
So on the whole, it is possible for some nations to completely eliminate paper currency without much worry!

Paper money will exist even bitcoin get more popular. bitcoin never had paper money and it never will.

[bitbunnny]

Although we are heading towards cashless world I don't think that paper money will stop to exist. Governments don't have interest to eliminate it in fool and many people still like to feel money in their hands.
Bitcoin will never have paper banknotes because it's digital currency and digital currencies will stay the alternative to paper money but they will probably not prevale.

[Colt22]

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.

and suppose if everyone started to make deals in digital form and they started to do shopping from online stores then everyone will like to have a digital form of currency with convenient features and so at that time people will like to use bitcoin for their dealings and for their businesses etc and the paper money will be used much less.

[lionheart78]

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.

and suppose if everyone started to make deals in digital form and they started to do shopping from online stores then everyone will like to have a digital form of currency with convenient features and so at that time people will like to use bitcoin for their dealings and for their businesses etc and the paper money will be used much less.

Paper money maybe used much less in a developed country, but there is always this country that is lagging behind.  Aside from that even developed country   have always areas that cannot sync with the current development of that nation.  Considering this fact, I don't think that paper money will become obsolete.  They will change in image but most likely they will stay as paper money to use at offline transactions.

[Xenophoto]

I have made some research and I read books about economics and finance. There was this article that says about digital revolution of currency. It was stated that paper money will be burned in the future, paper money will be considered ordinary paper and will lost its value. That statement is in congruence to what is actually going to happen soon. Banks are turning into digital currency and integrate blockchain technology in their system. Soon   
all of us will no longer hold paper money since fiat currency has already turn digital.

I don't think "soon" is the proper word for the time span that's needed for us to all start using digital currency. There are remote countries/areas and there would always be where they can't use digital money. Actually paper money is nothing but paper, we just give value to it. Just like bitcoins, it's not but a crypto-coin, we just give value to it. Bitcoin's worth was built up by the supply and demand and nothing else. They are not both backed by anything.

Once all the resources have been used up, all these "currencies", no matter which form are they, will become useless.

[Pattart]

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

for the future seems paper money will not have a bright future look more popular digital money.
but I think the paper money will survive until whenever

[Babayega31]

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

for the future seems paper money will not have a bright future look more popular digital money.
but I think the paper money will survive until whenever

Paper money's future will be still the same and of strong foundation, it will not be possible in the future paper money will vanish, because not all people have an internet access there were people who are living in areas not covered with modern technology specially communication. There will be bright future of bitcoin as well as paper money partnership specially with online transactions from btc to fiat currency. They were very particular of the paper money and its very convenience for bitcoin as part of exchanging currency online so people could be well oriented with digital cypto currency.

[hatshepsut93]

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.

[NEWGOODOUBLE]

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.

although the government would prefer the digital money in the future. but they will not leave the fiat. maybe they will make another version of the fiat that is digital form

[MMA]

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.

and suppose if everyone started to make deals in digital form and they started to do shopping from online stores then everyone will like to have a digital form of currency with convenient features and so at that time people will like to use bitcoin for their dealings and for their businesses etc and the paper money will be used much less.

Paper money maybe used much less in a developed country, but there is always this country that is lagging behind.  Aside from that even developed country   have always areas that cannot sync with the current development of that nation.  Considering this fact, I don't think that paper money will become obsolete.  They will change in image but most likely they will stay as paper money to use at offline transactions.

but i think in near future paper money will be the primary option for them and they will using bitcoin as secondary option because paper money can be use for all government related affairs and is accepted by the governments.

[South Park]

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

for the future seems paper money will not have a bright future look more popular digital money.
but I think the paper money will survive until whenever

Paper money's future will be still the same and of strong foundation, it will not be possible in the future paper money will vanish, because not all people have an internet access there were people who are living in areas not covered with modern technology specially communication. There will be bright future of bitcoin as well as paper money partnership specially with online transactions from btc to fiat currency. They were very particular of the paper money and its very convenience for bitcoin as part of exchanging currency online so people could be well oriented with digital cypto currency.

Yeah, we still need paper money for the simple fact that not everyone has access to expensive technology and even If in the future the technology became extremely cheap, using fiat does not require much knowledge except some basic math.

[mornabo]

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.

using digital money, the government can control the velocity of money and where the money someone will go. yeah I think the government will just love it but is it that could make paper money disappear?