The future of the paper money

[Yanidas]

Sweden is likely going to be the first country to completely ban cash, but more countries are following soon. Just wait and see.

[CODE200]

The bitcoin can be the future of the paper money but for now the bitcoin is cannot replace the fiat for now because the bitcoin need a gadget and inte4rnet so that for now it cannot replace the fiat but as time pass by the bitcoin can replace it maybe few more decades.

[zedicus]

Future of paper money is pretty common,bitcoins will not overcome what fiat currencies got its impossible i think,bitcoins will be banned entirely but no no for fiat currencies thats impossible

[basyang]

I think paper money have its own importance and will never dead. Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment for day to day transactions.

     I strongly agree with you, I don't think that paper money will vanish away after a long time of its popularity. And I do not think that bitcoin or any digitalized currency can easily replace our traditional paper money. It is the most common and easy to use to pay bills and also it is easy to carry.

     All countries using paper money because of it is convenience to use for many people, maybe paper money will change but its design only.

[mongkie]

i think paper money will perish but not this moment. although cryptocurrencies is booming, as of the moment this is not as stable as paper money. crypcur must overcome hack insidence for it to become stronger i think it is the disavantage of cryptocurrencies but it is curable. in short the future is the cryptocurrencies may dissolve paper money using.

[shine1123]

i think paper money will perish but not this moment. although cryptocurrencies is booming, as of the moment this is not as stable as paper money. crypcur must overcome hack insidence for it to become stronger i think it is the disavantage of cryptocurrencies but it is curable. in short the future is the cryptocurrencies may dissolve paper money using.

It's still a long journey for crytocurrencies to overcome paper money. I mean, even other online currecies like paypal is still hardly know on some countries. I'm sure paper money will keep being used by all people, it takes a long time to courage people to become cashless society.

[kpcian]

From my perspective, paper money is still in the best shape, people feel comfortable to spend paper money nowadays, people have a good trust on the paper money. So the future of paper money is certain in the future, but day by day crypto currency is becoming popular so paper money may face a threat to be existed..

[Finestream]

From my perspective, paper money is still in the best shape, people feel comfortable to spend paper money nowadays, people have a good trust on the paper money. So the future of paper money is certain in the future, but day by day crypto currency is becoming popular so paper money may face a threat to be existed..

Exactly, no chance it will be eliminated in the circulation when it is serving majority of the people, whatever country you are living you can physically see people are more comfortable in using paper money. New technology will exist but it will just give additional option to the users and they do not have the power to eliminate paper money, the simplest way of transacting is thru paper money.

[Harlot]

From my perspective, paper money is still in the best shape, people feel comfortable to spend paper money nowadays, people have a good trust on the paper money. So the future of paper money is certain in the future, but day by day crypto currency is becoming popular so paper money may face a threat to be existed..

Exactly, no chance it will be eliminated in the circulation when it is serving majority of the people, whatever country you are living you can physically see people are more comfortable in using paper money. New technology will exist but it will just give additional option to the users and they do not have the power to eliminate paper money, the simplest way of transacting is thru paper money.

I think paper money is running in the principle of "If it is not broken why fix it?" Which I think is the perfect principle for Fiat Currency I mean look at it what are the big issues of it that can outweigh its pros? I guess non because paper money/ Fiat currency is  a stable currency that the economy can rely on and it is the most common medium of exchange in any country. I don't think that anyone will see Fiat currency being banned for some time.

[28days_ever]

Paper money will complement electronic and will not disappear. Simply in some places it is much more convenient to use paper money, and not electronic.

[Ayiranorea]

Paper money will complement electronic and will not disappear. Simply in some places it is much more convenient to use paper money, and not electronic.

Yeah, paper money will compliment electronic money as the necessity has increased a lot. Same cannot be the scenario everywhere. The electronic money usage can be seen high on the city location whereas in towns and villages still paper money is the base and people are much aware of this rather than other form of payments.

[Ipwich]

Paper money will complement electronic and will not disappear. Simply in some places it is much more convenient to use paper money, and not electronic.

Yeah, paper money will compliment electronic money as the necessity has increased a lot. Same cannot be the scenario everywhere. The electronic money usage can be seen high on the city location whereas in towns and villages still paper money is the base and people are much aware of this rather than other form of payments.

Yes, you are right, and based on the reality even in cities there are still a lot of people who used paper money and if that will be
stop, it will create a big problem because sometimes online transaction are compromise.

[asriloni]

From my perspective, paper money is still in the best shape, people feel comfortable to spend paper money nowadays, people have a good trust on the paper money. So the future of paper money is certain in the future, but day by day crypto currency is becoming popular so paper money may face a threat to be existed..

The point is you can't do everything with crypto in real life, at least you can try to spent bitcoin to buy something but not for this time. The bitcoin network needs the more improvement and the store still scared with the volatility of cyrpto

[choppork]

From my perspective, paper money is still in the best shape, people feel comfortable to spend paper money nowadays, people have a good trust on the paper money. So the future of paper money is certain in the future, but day by day crypto currency is becoming popular so paper money may face a threat to be existed..

Exactly, no chance it will be eliminated in the circulation when it is serving majority of the people, whatever country you are living you can physically see people are more comfortable in using paper money. New technology will exist but it will just give additional option to the users and they do not have the power to eliminate paper money, the simplest way of transacting is thru paper money.

I think paper money is running in the principle of "If it is not broken why fix it?" Which I think is the perfect principle for Fiat Currency I mean look at it what are the big issues of it that can outweigh its pros? I guess non because paper money/ Fiat currency is  a stable currency that the economy can rely on and it is the most common medium of exchange in any country. I don't think that anyone will see Fiat currency being banned for some time.

I totally agree with this. They are not so competitive of other monetary systems because people don't know about it yet. People don't know about bitcoins yet, so why even bother improve the fiat system into something better? Why even try and back fiat with gold once again if people don't know about it? The people behind fiat system just don't have any reasons to improve it.

This is like the Nokia scenario. Nokia was a leading brand of cellphones back then. But because they think that they are the best, they didn't really mind the rise of Android phones from Samsung. In due time, Android has become a thing and Nokia's OS looks so obsolete compared to it. Nokia even released some statement that goes like, "We didn't do anything wrong." Truth is, they were wrong with not keeping up with the latest even when that latest tech is still very young.

If fiat will continue to be what it is right now and bitcoin starts to be known and used by people, then the same thing might happen. But we're not so sure, though, because in this scenario the government is involved. The government runs the fiat system.

[bitllionaire]

Sweden is likely going to be the first country to completely ban cash, but more countries are following soon. Just wait and see.

hearing this for the first time but i do not think so. i think they will even accept bitcoin as legal currency but still they will also continue using bitcoin because it will take a lot of time when all the people of a state start using bitcoin.

[mongkie]

paper money is still the backbone of digital currencies, paper money will be obsolete many years from now but not in this era, in the presence of bitcoin and other crypto currencies, we are still dependent on paper money and gold reserves, it is not as easy as abc and even bitcoin needs a lot of improvement to be dependable mode of transaction.

[Maslate]

paper money is still the backbone of digital currencies, paper money will be obsolete many years from now but not in this era, in the presence of bitcoin and other crypto currencies, we are still dependent on paper money and gold reserves, it is not as easy as abc and even bitcoin needs a lot of improvement to be dependable mode of transaction.

Bitcoin will not disrupt the whole monetary system the government has created, we are still under their supervision and since they control
the world we cannot expect that they will allow bitocin to be bigger than the current financial tools they regulated.

[BCTBF]

paper money is still the backbone of digital currencies, paper money will be obsolete many years from now but not in this era, in the presence of bitcoin and other crypto currencies, we are still dependent on paper money and gold reserves, it is not as easy as abc and even bitcoin needs a lot of improvement to be dependable mode of transaction.

Bitcoin will not disrupt the whole monetary system the government has created, we are still under their supervision and since they control
the world we cannot expect that they will allow bitocin to be bigger than the current financial tools they regulated.

Maybe the government will maintain the paper money or money that has been there for a long time and has been set by them. Paper money also will not be obsolete because every country may update or improvement it in a few years.

[Sled]

paper money is still the backbone of digital currencies, paper money will be obsolete many years from now but not in this era, in the presence of bitcoin and other crypto currencies, we are still dependent on paper money and gold reserves, it is not as easy as abc and even bitcoin needs a lot of improvement to be dependable mode of transaction.

Bitcoin will not disrupt the whole monetary system the government has created, we are still under their supervision and since they control
the world we cannot expect that they will allow bitocin to be bigger than the current financial tools they regulated.

Maybe the government will maintain the paper money or money that has been there for a long time and has been set by them. Paper money also will not be obsolete because every country may update or improvement it in a few years.

Paper money will always stay because it is the traditional money to use in transaction different kind of transactions whether it is offline or online because both of them are involved with money and if the paper money is not there anymore then the right kind of payments will be harder to find and it will cause confusion in different people.

[romero121]

paper money is still the backbone of digital currencies, paper money will be obsolete many years from now but not in this era, in the presence of bitcoin and other crypto currencies, we are still dependent on paper money and gold reserves, it is not as easy as abc and even bitcoin needs a lot of improvement to be dependable mode of transaction.

Bitcoin will not disrupt the whole monetary system the government has created, we are still under their supervision and since they control
the world we cannot expect that they will allow bitocin to be bigger than the current financial tools they regulated.

Maybe the government will maintain the paper money or money that has been there for a long time and has been set by them. Paper money also will not be obsolete because every country may update or improvement it in a few years.

Paper money will always stay because it is the traditional money to use in transaction different kind of transactions whether it is offline or online because both of them are involved with money and if the paper money is not there anymore then the right kind of payments will be harder to find and it will cause confusion in different people.

Agreed, if there is nothing as a paper money and everything going electronic the complications will increase in the financial system. This happens because the value determination becomes tedious. So paper will continue to get used even when digital growth is prioritized.