The future of the paper money

[greeklogos]

In couple of tens years paper money will go in past. Who are paying by cash in big cities today? Only tourists maybe. Everybody moved on cards and payment apps already. So the idea of the cashless world is going to be our nearly future. I believe in that.

[1714051631]

1714051631

[Gameroid]

I'm sure, no more than 50 years paper money will disappear, this is because today many countries are transitioning transactions from cash (paper money) to digital, so slowly paper money will be disappear.

no doubt the life of the paper money is left very short now because it is the digital era and we are living in the age of the computers, bitcoin is the digital currency and it is easy to use than the paper money it is easy to carry and very reliable to use .bitcoin is being popular on every level of the life it is being a source of income and a source of easy payment as well so we can buy thing and can pay the bills with bitcoin so it can easily replace the paper money in a very near of the future.

i think the future of money is still too much secure and there is no threat to the future of money. in fact bitcoin is still in its initial phase and i think that it will take a lot of time when all the people of the world will start using bitcoin and only then there are chance that fiat will become useless but i it not so easy.

[Japinat]

I'm sure, no more than 50 years paper money will disappear, this is because today many countries are transitioning transactions from cash (paper money) to digital, so slowly paper money will be disappear.

no doubt the life of the paper money is left very short now because it is the digital era and we are living in the age of the computers, bitcoin is the digital currency and it is easy to use than the paper money it is easy to carry and very reliable to use .bitcoin is being popular on every level of the life it is being a source of income and a source of easy payment as well so we can buy thing and can pay the bills with bitcoin so it can easily replace the paper money in a very near of the future.

i think the future of money is still too much secure and there is no threat to the future of money.

There is no threat because it's the government who are running this world, anything they would implement we are obliged to follow and paper money does benefit majority of the people so we are going to use that even the world will slowly evolve from paper to paperless industry.
It's the money after all and we will be using anything that could give us convenient and something that can be controlled by the government.

[mastadonballs]

I'm sure, no more than 50 years paper money will disappear, this is because today many countries are transitioning transactions from cash (paper money) to digital, so slowly paper money will be disappear.

no doubt the life of the paper money is left very short now because it is the digital era and we are living in the age of the computers, bitcoin is the digital currency and it is easy to use than the paper money it is easy to carry and very reliable to use .bitcoin is being popular on every level of the life it is being a source of income and a source of easy payment as well so we can buy thing and can pay the bills with bitcoin so it can easily replace the paper money in a very near of the future.

i think the future of money is still too much secure and there is no threat to the future of money.

But Bitcoin and technology blockchain will create a revolution change the financial system on the world's, as Visa/Mastercard has changed habit of use papep money of most people on the world's in the past.

[stadus]

I'm sure, no more than 50 years paper money will disappear, this is because today many countries are transitioning transactions from cash (paper money) to digital, so slowly paper money will be disappear.

no doubt the life of the paper money is left very short now because it is the digital era and we are living in the age of the computers, bitcoin is the digital currency and it is easy to use than the paper money it is easy to carry and very reliable to use .bitcoin is being popular on every level of the life it is being a source of income and a source of easy payment as well so we can buy thing and can pay the bills with bitcoin so it can easily replace the paper money in a very near of the future.

i think the future of money is still too much secure and there is no threat to the future of money.

But Bitcoin and technology blockchain will create a revolution change the financial system on the world's, as Visa/Mastercard has changed habit of use papep money of most people on the world's in the past.

It will then the next thing will happen is we will be surprise with the great price it will bring.
Believe me the price now is still cheap although some would say that it's overvalued, not really, the price just rise fast because people love to ride it.

[TitanGEL]

In couple of tens years paper money will go in past. Who are paying by cash in big cities today? Only tourists maybe. Everybody moved on cards and payment apps already. So the idea of the cashless world is going to be our nearly future. I believe in that.

Yeah I agrer to you, the cashless society that we are talking about is now soon to happen. Many people are now entering the world of cryptocurrency. The society in the bear future will use digital currency.

[ApocalypseNow]

There is a possibility that it will be phase out in the future because of the technology trends that is happening today. Currently people are used to use paper money at all and I know very hard for the people for now to make a transition so I think its going to happen slowly.

[Himanshu111]

I don't think that the paper money is facing any competition from cryptocurrency as conventional money can be used offline but crypto can't be used offline. Moreover, crypto are not that popular and its acceptance is also very low so i don't think it will be able to replace paper money anytime soon.

[Sled]

I don't think that the paper money is facing any competition from cryptocurrency as conventional money can be used offline but crypto can't be used offline. Moreover, crypto are not that popular and its acceptance is also very low so i don't think it will be able to replace paper money anytime soon.

Not only for that, bitcoin cannot replace the current money that we have because its supply cannot sustain all the demand of the people in the world so it is completely useless but if we are going to just use bitcoin as an alternative to paypal and also alternative investment then it is very easy for bitcoin to overcome its rivals but for the currencies like fiat then it is impossible to replace.

[justspare]

First paper currency will be substituted by electronic (95% already is), and after that will return to barter again!

Lol I don’t want it to get back to barter. At least there should be some sort of currency operating in the world. Bartering does not work for everyone. Yep, we are living in a world where plastic money is the most used form of currency after digital one. I think they both will be there in the world after 50 years replacing paper money totally.

[Cryppy_guyL]

First paper currency will be substituted by electronic (95% already is), and after that will return to barter again!

Lol I don’t want it to get back to barter. At least there should be some sort of currency operating in the world. Bartering does not work for everyone. Yep, we are living in a world where plastic money is the most used form of currency after digital one. I think they both will be there in the world after 50 years replacing paper money totally.

But I do not think that paper money can be completely removed from the everyday life of people. The government must take very strict measures to do this.
Everyone loves when money can be touched.
In the less developed countries, it is almost impossible to remove cash now

[voztata]

I think that paper money would continue to exist.There are still more illiterate people who don't know about digital transactions and what they know is only paper currency which they could hold in their hands.They don't have credit or debit cards.More over,paper money would be helpful for transactions in critical times when a power failure occurs or internet connection gets lost.

Paper money will continue existing side by side with crypto currencies whether it is bitcoin or some other. There is a large proportion of the world population who is still illiterate. They just know one type of currency and that is paper money. Paper money cannot be removed forever from the world economy.

[Catswold]

I think that paper money would continue to exist.There are still more illiterate people who don't know about digital transactions and what they know is only paper currency which they could hold in their hands.They don't have credit or debit cards.More over,paper money would be helpful for transactions in critical times when a power failure occurs or internet connection gets lost.

Paper money will continue existing side by side with crypto currencies whether it is bitcoin or some other. There is a large proportion of the world population who is still illiterate. They just know one type of currency and that is paper money. Paper money cannot be removed forever from the world economy.

Paper money is not going anywhere it will always survive as majority of people are used to paper money and they are not aware about bitcoins yet and even if they come to know about bitcoins they will continue to use paper money as for them its very easy and convenient to use it.

[richmcrich]

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?

At the rate digital currencies are goin today, I'd say it's not far fetched that paper money may be phased out. But the idea of wiping it out entirely is close to impossible and this will entail a bloody process if it should be considered. Fact is, we are more fond of holding things physically...and it would be difficult to withdraw from it. But if I would give a probable estimated time for its existence, I'd say about 15-20 years..It will work if the people in the high seats will say it will work...and I'd say we won't be able to do anything about it if it gets implemented..There are always risks in any change..pros and cons always go together...

Yes, we need the support of rich people to totally replace paper money with bitcoins. The super powers will play a fundamental role in this revolution. If countries like China, America, UK, Russia etc will vote in favor of bitcoins, then definitely a new digital currency system will be implemented in the whole world.

[Malaya]

The future of the paper money is definitely decreasing little by little as time goes by. People around the world is into using their online accounts using their bank accounts on it. I myself is doing that. It's future is not that clear for there ways on how to spend and acquire things for now. Everything evolves from the history of barter change, the use of coins, money, and now bitcoins. Amazing isn't it? How powerful the mind of each individual on earth to create new things and to reinvent amazing products.

[GlassMaster]

Paper money will exist, because that people with organic opportunities themselves can not use electronic currencies and this will be a problem for a sufficient number of people.

[Harlot]

The future of the paper money is definitely decreasing little by little as time goes by. People around the world is into using their online accounts using their bank accounts on it. I myself is doing that. It's future is not that clear for there ways on how to spend and acquire things for now. Everything evolves from the history of barter change, the use of coins, money, and now bitcoins. Amazing isn't it? How powerful the mind of each individual on earth to create new things and to reinvent amazing products.

Yes we get it we are now entering a world that is more virtual, more people are using mobile phones and are staying longer in their computer monitors. But it does not prove that Fiat currency won't be valuable anymore even if we are headed in a hi-tech world. Fiat currency is simply an essential thing that a person and a juridical entity can't live without. Still Bitcoin will be a kind of currency that will always depend on their Fiat Currency counterpart, without it they won't have any value at all in the first place.

[man1996]

I believe that the future of paper money is safe as the majority of the population on earth uses paper money.Although technology is upgrading day by day and many new ways are coming for earning money like bitcoin itself.But many people dont know how to use these technologies so paper money is safe in future

[Ayiranorea]

Paper money will exist, because that people with organic opportunities themselves can not use electronic currencies and this will be a problem for a sufficient number of people.

Paper money surely exists, because paper money usage among users were common and for bitcoin usage certain knowledge is a must. So people always tend to invest onto bitcoin for a better earning rather than using it more as a currency. This keeps paper money being used forever even when majority of the things happen digitally.

[jaocoincrypto18]

In couple of tens years paper money will go in past. Who are paying by cash in big cities today? Only tourists maybe. Everybody moved on cards and payment apps already. So the idea of the cashless world is going to be our nearly future. I believe in that.

Money will become obsolete if the people in the whole word will use bitcoin but we don't really know when because not all countries are in advance technology specially the 3rd world countries. Most of the people living in these countries don't know how to use computers because of poor education. Engage in bitcoin must know how digital system works.