The future of the paper money

[Mr.John19]

Everybody has his personal point of view regarding the paper money, but for me, the usage of the paper money is sufficiently safe and secured. Credit or debit card whatever digital currency they can’t overtake and replace the paper money to the people. There are still places in the world don't adopt the bitcoin scheme. However, bitcoin and other cryptocurrencies remain demand this generation they are popular because of no taxes applied on them.

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[AngellSky]

Paper money is still the currency that most of us are using because the govenments around the world is supporting these kind of currency and all facilities are design for cash or paper currency, but because of blockchain technology there is a possibility that this is a paradgm shift that will change how we use money because of many advantages of crypto currency.

I think that you do not need to talk in the same plane about paper money and crypto currency. I think that every currency has its own sphere of use, therefore, paper money will exist for a long time. And first of all because of its ease of treatment.

[Andrej Peiboski]

There are many attempts by governments to make cash disappear, and to replace it with electronic money.
But in this case we're talking about centralized currency, certainly not crypto.
We will see

[Klestar]

Paper money will have not that bad future and that is because there are still a lot of people that is using paper money as their payment method and that is really nice of course.
There are also a lot of people that dont even know how Bitcoin works and that is the problem of it so it has to be more popular.

[Hexon]

Paper money will gradually disappear in the market, as the growing population and pollution, resulting in the need for reforestation. And also with the development of Blockchain technology lately, encourage the government to learn to implement the tech, because the world got crowded, and numbers of trading records kept growing day after day. Without Blockchain tech the government won't be easy to answer the problem. I think paper money will last till another decades.

[hagiyatmaz]

If we look at the history of money, in the initial days, there was no concept of money and only one type of good was exchanged for another type. Through the evolution of time, the concept of bond or agreement to pay the borrower in future came forward.This idea changed the way we exchange our services for another. Instead of directly being paid with equivalent amount of another substitute we were given paper notes which became the medium of exchange.So going in this way, the future of paper money isn't very illustrious, cause it is very susceptible to damage by natural and man-made(e.g robbery or fake notes etc) causes. So I think the future money will be digital, where the concept of bearing liabilities would be the main theme without any real exchange of material stuffs of any kind.

[sopromat]

I am sure that the future of paper money will continue to improve although the use of digital money continues to increase, this is because all transactions can be done with paper money but not all transactions can be done digital money or cryptocurrency.

[Memminger]

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?

We are so mosernized but I disagree of eliminating paper money. Not everyone could afford digital devices to use as their process of payments. The government must think that not everyone that lives in one country are all earning enough money to support their wants and their needs.

Though the idea is really good and it's purpose is clear, it is still hard for us to process everything online or digitally. Some of us are still digital illiterate and is unable to handle devices.

[pogiparin]

In the first place, why could countries ban paper money? Currently, it is the most flexible and divisible form of money. It is easy to transfer from one bank to another and central banks could generate money by printing it (assuming they provided a monetary policy). Replacing fiat money with electronic-based money poses many threats. Hackers could easily go in and out as invading one's privacy online is much easier that to rob a bank.

[Alijiindahaus]

i think that it is pretty easy to understand that in future there will be less and less paper money in use, while everyone use credit cards or even bitcoin, of course they still will be in use, but not that often as today.

this situation will change unequivocally, but only by as much as the elderly population of the planet will quickly decrease. old people generally can not accept using credit cards, And I'm not talking about crypto currency.

[paynercash]

I think paper money is eternal, even if electronic money is growing, they are still risky, and there are many limitations in this life. If digital money replaces cash completely, blind people who do not know how to use the technology they will use. I insist the paper money will last forever. And money is just support for paper money.

[mi56374100]

Electronic money, or financial derivatives, bills, and bitcoins, all depend on credit, and are produced in financial institutions, without credit. Therefore, the concept of electronic money can not escape the category of paper money.

Electronic money has a fatal flaw. If money is fully virtualized, then terrorists can destroy the world's economy by developing a virus that is powerful enough.

So paper money never dies.

[summit26]

Upon predicting the future, bitcoin and real money will exist simultaneously. Because real money will still be used by the people for those who can not afford to buy bitcoin or to avoid the transaction charge or fee if you transact using bitcoin. However, bitcoin will continue to grow since it will become accepted worldwide due to going to a modernized society.

[Kita Kita]

The use of digital money continues to grow, we can see that almost all transactions do not want to receive cash and must use digital money so I'm sure that the future of paper money will soon disappear.

I do not agree with you that the paper money is we will disappear in this wolrd, because even digital currency is becaming popular it is can not still make  paper money dissapear because almost all people in this world is prefer using paper money so there is no doubt that the future of paper money is we will be stable.

[ghost07]

I like the paper money because this is the usual money used to pay bills and other payment. I dont think paper money will be replace by cashless currencies like bitcoin ans othee coins.

[BCSHonda]

I think paper money and bitcoin will be used concurrently. Depending on the needs of human use they use whatever currency they like. But now, the world is growing, everywhere there are internet, the use of bitcoin is also easy. And I think, bitcoin will be used more than paper money but does not mean that paper money will be completely lost and not traded.

[Akupuniard]

Paper money is already old thing but it's not bad and i can't see any reasons to change everything into digital currencies. If something will happen people will tell what to do to their government.

[vina.lugtu]

Paper money will always be the most common used of payment in the near future. The only difference is that it will be used less because there will different type of payments. Credit cards will be used more because banks will provide a long term payment for credit card debts. Bitcoin will be used to purchase things and majority of malls and groceries will accept bitcoin as payment. Some might prefer payment using bitcoin because it keeps on increasing. Its like selling and investment at the same time.

[Starone1]

I like the paper money because this is the usual money used to pay bills and other payment. I dont think paper money will be replace by cashless currencies like bitcoin ans othee coins.

Well you know they use of money only you are not aware of bitcoin benefits, nothing is hard in bitcoin, now we can use bitcoin as currency to buy all kind of good we can pay our bills within minutes, there is no need to wait in queue to pay your electricity bills,   but if you will see fiat money it can take hours to come your number, so love bitcoin then bitcoin  will love you back also bitcoin is safe to hold in high amount of bitcoin in your bitcoin wallet without any fear of robbing as it will be useless for them after you put your bitcoin in bitcoin wallet properly.

[bitcon]

THE FUTURE OF THE PAPER MONEY IS NOT SO BRIGHT. I THINK IT WILL BE REPLACE BY THE DIGITAL CURRENCY.

Although I share this viewpoint, I will tell you that not all fiat money will be replaced by crypto. some countries, especially in Africa, will never use digital money.