The future of the paper money

[EzBreezy]

Paper money will still useful for other countries but for those who accept cryptocurrency paper money is not be useful as like this time.
Why do people choose bitcoin? Because the transaction of bitcoin is easier than sending paper money.

[konflikkastil]

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?

my paper money will still exist even though crypto is used by everyone in the world because paper money is needed to do macro transactions which is certainly difficult to be done by digital currency

[will777]

More and more people will enter the world of bitcoin for sure but that doesn't mean that paper money would simply disappear, it will survive till end, even if everything goes digital there will be few users who will use only paper money.

[Epimetheus]

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?

my paper money will still exist even though crypto is used by everyone in the world because paper money is needed to do macro transactions which is certainly difficult to be done by digital currency

The future of paper money is fully safe and secured as the paper money is being used by all the people of the world.Since it is centralised,the central bank and the government protects its integrity and power.Paper money is accepted internationally and all the transactions are done through the paper money.Paper money has established itself from the traditional time period and it cannot be overtaken by any cryptocurrency or altcoin or any other technology. Paper money of Fiat currency is very safe to use and is not at all risky unlike cryptocurrencies.It also does not require any internet connection and can be used anywhere and anytime.

[aurorabitcoin.96]

~

my paper money will still exist even though crypto is used by everyone in the world because paper money is needed to do macro transactions which is certainly difficult to be done by digital currency

The future of paper money is fully safe and secured as the paper money is being used by all the people of the world.Since it is centralised,~

And, we can measure How Succesful are Cryptocurrencies based on Fiat Money? So,  Fiat will have unreplaceable power in Economy. Also, it easy to use, rather must spent time to wait Transaction and Fee.

[arthur25]

It is in England not in all the nations in this planet earth. Fiat will live long from now before it will happen. From England to another country, then from another country to another country until such time that fiat is demolish in this world.

[Tungsten-1]

The future of paper money will later in the future indeed disappear as you can see now you see also that the value is not even getting higher and that is the problem. But it will be nice if Bitcoin is getting more popular and also more acceptable.

The future of the paper money is nowhere to be seen because either way the crypto currency enters into the government sectors or not the paper money is being wiped out from everywhere. Even small start ups which have no international links have started dealing in the money in the banks because there are many countries in which paying the employees through paper money is considered as unprofessional. In future, either we will go cashless via credit cards or via digital currency.

[Black Angel]

Paper money is the identity of a country, I am sure that whatever the circumstances happen then the state will keep paper money so that will never disappear, besides with paper money people can deal directly without having to depend on the internet.

[raudisomiya]

Paper money will remain, but they will no longer have such a force on the market, people will use electronic money more often, cuz it's more useful.

[komjhq]

It is in England not in all the nations in this planet earth. Fiat will live long from now before it will happen. From England to another country, then from another country to another country until such time that fiat is demolish in this world.

I think it would be more correct to say quite differently, to destroy everything and paper money, and crypto currency. But there is only left for wealth on earth and this is gold. I think that people themselves will destroy, And gold will remain on this planet.

[francojon]

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?

It has plenty of future. Many of the money launderers of the world work in cash because is much more difficult to trace and while that exists it will have a future.

[Gameroid]

In poorer countries where people do not have access to the Internet and are not accustomed to the digital world, paper money will continue to be used, but modern countries will use crypto currency instead of paper currency.

But to me i think that in current time even in modern countries people can only use bitcoin as an optional, because even they do not have the facilities to use bitcoin for everything they want. I think that they can only use bitcoin for shopping online and may be in some offline stores for shopping limited varieties of products.

[sana gull]

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?

It has plenty of future. Many of the money launderers of the world work in cash because is much more difficult to trace and while that exists it will have a future.

Yes we are facing some problems related to bitcoin but i think that still the benefits that we are getting from bitcoin are more that its drawbacks, and hope that withe the passage of time these drawbacks and limitation will decrease too much and then bitcoin will become too much useful for us, in current time we just need to give support to bitcoin.

[Tiktik]

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?

paper money will stay banks will like to burn all paper money
if you have cash in your pocket your money is your money and your pocket is your bank
banks hate that

[Semosuchi Tesongrato]

There is still a long way to paper money replacement, as it will very difficult to change people habits.
(don't forget, 2 billions people don't have a bank account...)
But with time, if there will be a more general acceptance of crypto, it could happen.
But not so fast.

[jakoylantern]

For me, the future of paper money is still compelling. Yes, bitcoin is famous and expensive but, the acceptance of bitcoin is still very low comparing to real money. Even we obtain bitcoin or earn bitcoin we still need to convert it or cash out it to use it to buy the things that we need, and we want. Even some establishment accept bitcoin as a payment most of them are still not accepting bitcoin as payment, and they still prepare real cash or money. 

[kive2k]

In the future, we will not see paper money that's for sure, only when? Still it is necessary to do a lot of work for full transition to electronic currency

[doreraj]

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?

not sure of course but supposed several ways how it can be.
in many regions, people didn't have a bank account or even notebook till it stil real paper money will be...

[CongHoan]

it would happen in next 10 years

[Kisanaq]

Many people predict that the future of paper money will be in danger of disappearing because of digital money or cryptocurrency, but I am sure that paper money will last forever because transactions in all countries can not rely solely on the internet.