Does this mean Cash will be extinct?

[Vaniaevergarden]

Not that way, fiat currency is still valuable all the time. Although crypto currencies especially bitcoin are crashing fiat but isn't enough to wipe out physical money. Having both currencies are just a good idea, in which we have an options what we gonna used in a certain transaction. Because having fiat money into nothing is quite impossible to happen, as it's still valued by other people as of now.

[rose9696]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I do not think other countries will follow this new revolution. I still see the value of cash, it is very useful for certain cases.
I think our world should exist two types of money to be easy to use in any case. because everyone has their own hobby.

[IsabelCornd]

First of all if one country remove cash it doesn't mean that others will start doing the same, for example cash can't be attacked by hackers and also can't be stolen and used easily. Digital money also have many problems and our world still not ready for this cahanges at my opinion.

[Cita1]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

The good thing with this kind of system is the easy access and faster transactions. But wiping out cash is a long way to go this needs proper information to all the people. In our country there are a lot of people who don't have internet access and don't even have electricity.

[piterpie]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I think it is possible to stop the production of paper money to accept Bitcoin and electronic money. Every citizen in Sweden will use Bitcoin, which is my opinion

[goldenplak]

Not necessarily money should be wiped out, but perhaps bitcoin is going to be of much worth than having money. Keep in mind you cant purchase items in the market through bitcoin, there's gap for use in bitcoin and funds.

[Pelevelyl]

Everything can be, but it is a very long process. Although now you can do without cash, enough cards in your pocket.

[xbl1008]

not exactly but fiat and crypto currency might co exist with each other because as of now bitcoin is not yet globally accepted and some countries are still relying fully in fiat and not have any idea of what crypto currency or bitcoin is, but I think this is just like the internet back in the 90's a lot where against it because they think that is impossible to happen but look now all of us are using it to connect to each other and access data anywhere.

[surbanaB]

Personally I will not accept that things happen because it only worsen the economic state of a country. Indeed later we will face the digital era but that does not mean if the cash will be totally extinct. The use of cash in daily activities is very useful also for real world interaction as well.

Well i can not totally say that the cash will be extinct in this world, but i believe that it has a chance that it will happen in the future, because right now there are just only few people who knows and who support digital currency but maybe in the future, people will realize the real value of digital currency.

Personally, I think that it’s hard to reject paper out of using by using digital, but with the development of technology nowadays, it will be probably possible. Bitcoin or cryptocurrency are growing so fast, it’s said to be popular in most parts of the world. However, there also have many people do not know anything about it. Thus, it’s not easy for a country to spread the digital currency. Nevertheless, it will completely occur if they gradually take digital currency as a main currency instead of cash, people must access with digital and they are compulsory to use digital currency by their government.

[Brangos99]

Could be, the existence of cash is projected to be extinct in my country. This is in line with technological developments that enable the rampant circulation of electronic money. Now deals in big cities use a more modern payment system through online or non-cash.

[Angi]

It will. Because the economy of each country are growing day by day and also the technology so the people of each country don't need a cash society all people are busy and need a fast and easy transaction so definitely cash will be extinct.

[nara1892]

Probably it will not extinct, but rarely used. Maybe, cash money will be 'alternative' payments in the future for areas with difficult Internet access.

[rimueng agam]

This is only a consideration is not yet certain that the cash currency will be eliminated by the Swedish bank or the government because they really need paper currency even though now the era of digital currencies is very phenomenal today, but if the missing paper money will be difficult to make transactions.

[JPablo]

Belived or not, people in the future will no longer use paper money, it will be replaced by gold. Probably the gold is physical or virtual, I do not know which one.

I don't think so and it's hard too believe because even in government policy will not allow what you said.But if that will happened maybe for a long long years.

[sharnel18]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

The Nordic nations tend to be first at implementing such schemes so I think it would take  5-10 years for the rest to follow. Troubling news, though we kinda expected this to happen anyway. Once we started dealing with our money using cards, it's really just a short step to outright removing physical fiat.

Its a long way to go,by eliminating fiat currency because theres a possibility to have a negative effect on every community especially to those who are not knowing and cant understand yet what is cryptocurrency and that maybe getting disadvantages of paper money.

[Dimid]

Cash is already dying out. It is much easier to use one card for all purchases than to carry a tight purse with full bills (if you have one;)). But still completely cash will not disappear, there are regions where there are no ATMs and the Internet, I think that such areas will remain throughout this century, so there will be some way to pay ... maybe not with money, but with something else.

[Bitcoinbitcoin0909]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

We can all see how cash is slowly fading in to its extinction from this world as technology keeps on improving. A lot of alternative ways are already being produced in different aspects and it is expected that after 5 long years or less, we won't be using any physical money anymore. Though that's the thing, we should still be grateful for having physical money since we've all started from it before cryptocurrencies.

[Techno012]

Not of course even bitcoin soar higher in the coming years I am still sure that cash will still exist simply because government will not let this things happen they will surely prevent this.

[Apiapik]

Will never happen. Until whenever, cash will not go extinct.
Cash is the identity of a country, whose existence is protected by law. So as good as any bitcoin will not be able to eliminate the existence of cash.

[JRoa]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

The cash will not be extinct because our economy will face big problem. The payment system will be messy if the cash will be extinct. Fiat currency plays important function in our economy and in our society so I believe that the government will not let it happen.