The future of the paper money

[mstfprcn]

In future, we are not using polyethene covers why because of those are very harmful to environment. That's why the paper market is gradually increasing than compare with others. And Paper is very eco-friendly.

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[michaelnova]

Many brands and corporations have greater GDPs, more assets and a higher headcount than some small countries -- so perhaps it makes sense for them to print their own money. Graphic and motion designer Jade Dalloul has gone one step further, by imagining what these company-currencies might look like.

[dongyi17]

We never know what will happen in the future...to paper money if in the case that the government adapt the system of bitcoin they will have some adjustment to make then its still a long process and paper money will be no value then and everything is by virtual currency which is everyone will be using it.. but I think it will not totally be abolish there's still paper money for the sake of those people who are belong to third world country...

[elvirecam430]

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?

Well, I think paper money won't be banned in the near future.
Though digital currency is more convenient than paper money, paper money has it's advantages. (Such as safer. Digital currency has the risk of being hacked. However, as long as you be careful of your paper money, it is difficult for others to steal.)
But we never know what will happen. Maybe someday we will find out a way to protect our digital money. When the technique is reliable, who knows, maybe one day paper money will be replaced.

[Black Angel]

It is difficult to keep paper money for a long time, as we know that today many countries are preparing digital money to replace paper money so as to make the use of paper money continue to decline.

[grabpopcorn536]

If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change .
and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep

Paper money has been around for a long time, so it is difficult to use paper money because many people nowadays do not know how to use the technology as well as how to pay electronically. In my life, in my opinion, in the next 50 years in the world, there will be a payment method with more modern devices instead of cash.

[Raino-1]

I think that paper money don't have the place in the future. We will pay by cards, by our smartphones.

[monomix]

paper money have no future, they will die. cryptos will interact the same way as digital money lives now. only a matter of time to me

[piratcoin]

Precisely, that is the reason I accept in spite of the fact that later on the pattern will be on the web or advanced cash yet at the same time larger part of the general population

Are utilizing paper cash since it's simpler and it's difficult to instruct individuals to utilize online money.

This will just give us another alternative for exchange and computerized money truly help as the world is moving quickly these days.

[p i e c e]

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 think that with the time paper money will disappear. Appearance of plastic cards was the first step toward creation digital financial system for ordinary people. Now we meet with the digital money which can be provided without banks.

[srmecdes]

In my opinion it is really good for real life and also good for fair deals. I think cash will exist always in different forms but it will never die.

[Lupus Solitarius]

Paper money represent just a period in the evolution of money, from middle age to our days.
For sure, it will evolve toward and electronic form; the real question is: will be this form decentralized (that means freedom) or centralized (that means absolute control by governments)?
We'll see, I think there will be a bloody war.

[paeackk]

I think it is easy to know that paper money will be gone in future,  as even now, people uses credit cards more than paper money because it is easier to pay for something. A lot of people using cards for shoping, another payment etc.. paper money now is not so actual.

[_Legendary_]

I think that paper money don't have the place in the future. We will pay by cards, by our smartphones.

Digital money and cryptocurrency become the biggest threat to paper money, I'm sure that paper money can only last 50 years from now, in addition to the high cost of printing, distribution to supervision, paper money is also too easily falsified.

[@maetthan17]

I think in future less of us will used a paper money if crypto will be indimand in the future paper money will not that useful anymore .

[Isaacck1]

No matter how promising bitcoin is, no matter how many people have been successful because of it, no matter how great its characteristics are, we can not say that bitcoin can replace money in a fast period of time. The acceptance rate of bitcoin is fast, but not large enough to cover all people in general. It is good to think of bitcoin as a face of the future, there may be another that will base on bitcoin that can be more stable and be accepted by all.

[waskaplung]

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

As an economics professor and economic expert here at About.com, I personally don't think paper money will completely disappear any time in the near future.

[Joshapat]

I am sure that the future of paper money will continue to survive, this is because of the state guarantee of paper money, and of course for transactions do not need to rely on internet because the weakness of digital money and cryptocurrency is internet dependent whereas paper money does not need internet.

[genset88]

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

Many people now prefer to use paper money instead of electronic money to pay, in my country is not a well-developed country regarding social as well as economic, in my state, there are many participants. Investors in the virtual currency market because they are very profitable, I think the coming years my country will mainly use digital money instead of paper money.

[Gheka]

I think that paper money don't have the place in the future. We will pay by cards, by our smartphones.

Digital money and cryptocurrency become the biggest threat to paper money, I'm sure that paper money can only last 50 years from now, in addition to the high cost of printing, distribution to supervision, paper money is also too easily falsified.

I do not think so, you should look directly at the reality, the number of people using paper money is very large, it was a habit and it brought convenience to a lot of people while digital money although it is very modern, but the number of people who know and use it is still too low. Proving the existence of paper money is still very important, it can not disappear because it has so many useful things for the user, things that cryptocurrency or digital can not bring, it always plays a very important role, so it will certainly last very long