The future of the paper money

[Influmezo]

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.

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[Pixyoxx]

Paper money will slowly be in less use and may be in future completely be wiped out.

[MS.LAWLIET]

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?

I don't think paper money will gone. Probably in other countries but not worldwide well, some even don't know how to use computer, mostly the elders. How can everyone will acquire money.  It will really be difficult lots of adjustment will happened. Someone can get all your wealth by hacking your account without leaving any trace unlike in paper money. Well for me paper money is better for now. Maybe in the future when the grandparents are already from the millenials digital currency will be the all means of transactions.

[Dmitry.Vastov]

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?

Bitcoin is a very good platform for earning money and is really doing great since it started and has gained huge popularity and users throughout this journey. But still I don’t think that bitcoin will be able to replace money because firstly, it’s way more popular than bitcoin and because of which it has gained huge amount of users. Secondly, it is a stable form of currency which means that its value does not fluctuate often whereas bitcoin value fluctuate a lot. Then it is regulated by government so it increases the stability whereas bitcoin is not regulated by any government.

[cmacwiz]

In my opinion future paper money will be not so good. It will be vanish in near future. Everyone wants to go cashless while they are shopping their goods. People use debit card, credit card, visa card, etc. For online transition, purchase people use paypal different banking application. Bitcoin is also a medium of online transition. In this way people neglect paper money. In many developed countries electronic money is widely used hence their people much aware of electronic money. While in developing countries it takes time. In those paper money kept first priority

[trako]

paper money will serve for many years in the global sense. because it meets the needs of the present. cities and towns. salary fields. There is so much interaction. maybe it will be a regional decline, but when we look at it as the whole world, the situation is getting worse. culture will come into commission. level of development will come into play.

[Sir Paijoe]

The use of direct transactions with paper money continues to decline, we can see that payments on toll roads, hospitals, hotels, restaurants to online shopping do not use paper money, it makes me believe that the future of paper money will soon disappear.

[Asmonist]

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.

Yes I agree. 10-20 years paperless money would be possible soon. Though its so risky but I think the authorities can implement or formulate regulations of bitcoin usage. If paper money will be eliminated we can also save our nature because paper money are from the trees. People are increasing and our forest are getting small. We need to preserve our trees also. Paper money in the future will be eliminated.

[sirslayer]

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.

Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

[btcbrother]

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.

Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.

[Hatuferu]

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.

Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.

We believe on that because we are supporting bitcoin but we know that bitcoin would not be widely use without paper money or fiat.
Bitcoin is just a payment system according to the government and it cannot stand alone with fiat.

[Japinat]

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.

Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

That actually depending on the situation, in general we cannot say bitcoin is better that paper money as majority if not all of the people are still using paper money. Bitcoin is still young but it has a big potential so we are very optimistic with its success but if we are realistic we will realize that we are far behind in terms of success because paper money are still easy to use and people trust it.

[Swopon]

I personally don't think that paper money will be banned.Because there's still majority percent are using paper money only a few of us who are using crypto currency through bitcoin has a real value but the future of paper money is safe

[Wa(t)ch_night()]

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?

Clearly I see the future, even electronic money will be if accepted, then transferred to paper. This is money that is felt and people believe in them. And to the electronic yet not used, do not even know the mechanism of payment.

[Osarman]

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.

Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.

It is really very much difficult to comment on this thing right now. It is because of the reason that still there are so many people who are only using paper money and they don’t know about bitcoin. It will take a lot of time to see cashless society.

In fact, I think it is nearly impossible sort of thing. Paper money will remain at its own place but the number of people holding paper money will be reduced.

[Creepings]

I personally don't think that paper money will be banned.Because there's still majority percent are using paper money only a few of us who are using crypto currency through bitcoin has a real value but the future of paper money is safe

The thing here is, who will ban the paper money or the fiat? The government will not be using a digital currency as their national currency since it is decentralized. They may create a digital currency but it will not be a decentralized one. Many people are still using fiat since a lot more people do not know what a digital currency is.

[Chrystora123]

I think the use of paper money will decrease in the future, environmental lovers definitely support the use of digital money
because it is more environmentally friendly ..

[kutongcoin]

Paper money is unique among payment instruments in that anyone can transact anytime,anyplace.It is considered more convenient and versatile.No matter what, the connection with paper money will be hard to break.

[knobson]

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.

Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

The future of paper money is fully secured and established.It cannot disapper in the future.The daily transactions in the world are done by paper money.The illiterate and common man still use paper money for daily livings.Banks also give us paper money for loans.They do not pay us in cryptocurrencies as they do not have any control on cryptocurrencies.Many nations still do not know about the cryptocurrencies and cash is the only way.Cryptocurrencies are also in demand but it will it take many decades for them to compete with the paper money or fiat money.

[Carreuh]

Paper money continues exist because government needs it to show existence. So, difficult if paper money will disappear, even to be replaced with a digital currency. Because bitcoin or altcoin exists to make it easier and not to replace because has no regulator its circulation.