Does this mean Cash will be extinct?

[tuikindu]

We can know money didn't we imagination of so good, so we can see notes shortcomings exposed more and more in modern life, notes the less adapt to the development of modern society, and then according to the society is continuous development to inference, there must be a new currency to replace the paper money in the future.

With the development of the digital currency, it is not ruled out that things like paper money and COINS may gradually shrink in the future, and may not even exist one day.

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[Legwist]

There is no one in this world who can tell us what is going to happen in the future. Fiat will stay. Bitcoin will stay. Both of them stays. We cannot remove fiat completely in our systems because how about the people who doesn't even have any access to the internet.

[cryptokia]

Most of economists right now are saying that. Cash (Paper money) is not anymore a best way to handle money, so it will be determined

[palvinta]

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

Yes of course cash will be extinct if all countries in the World follow Swedia state that will stop using cash. But I think this is unlikely to happen in the country again. If only the Swedish state that dismissed the use of cash means cash is only extinct in the country. And other countries still as usual use cash for their daily lives. As in my country, the majority of all people use cash because there are still many people who very lay on the internet or other advanced technology.

[cheeseandcrackers]

I doubt cash will ever become extinct simply because people want to be able to have private transactions.  There are coins out there that facilitate that but I still think there will always be plenty of people who want to use cash, at least to some extent. 

[serverus]

No, i guess. Cash still has its convenience. It will takes a long time before we realizing a cashless society

[Yatsan]

If Sweden can be able to do this, I believe it is not all other countries as you have put it that can follow suit, because many countries are still fall short of technologically and electronically know how. So, its damn not going to be an easy journey for them at all and even, most of them still believe though ignorantly in Fiat currencies for real other than any Cryptocurrency.

It needs a core rule where the regulations lies and backed up by strong foundation of knowledge on technology, But for now we can't say anything nor predict since we do have different government strategies. Not all country may survive without a fiat currency and may adapt changes towards the technological advancements we have now. I think if fiat currency will be obsolete, certain problems might happen specially on economic bases.

[hroub]

Eventually, cash will be extinct, especially when a mainstream cryptocurrency replaces FIAT. This will take quite some time though. Even the poor with no computers or smartphones would be able to access and manage their coins at crypto-ATMs and merchants. There is no reason why crypto won't replace cash, other than our masters (governments) trying to force us to use their worthless FIAT, so we can remain their slaves.

[Coinky]

I don't think physical cash will be extinct very soon.Not even in next decade or two. Longway to go

[arteme]

Why will other countries follow this suit? Reality is majority of developing countries do not have the required infrastructure even if they want to follow this.

[Gufeng]

The big problem in it - is on the places that not even educated and don't really knows how to access bitcoin, or don't have internet connection

[Pepito Manaloto]

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 don't think so. Fiat has played a vital role within the society for a long time already and I don't think having bitcoin revolutionized will affect the use of cash for now. I am not saying that having a cashless world is impossible, it's slowly getting accomplished already actually and the best thing we can do is to set ourself ready for any possible outcome it can give to us.

[chromosomes]

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

It has been very debatable on the whole world on what will make it a better place, a cashless world or the normal one. For me, cash might end up extinct after a few years from now knowing that bitcoin and other cryptocurrencies has been making a wide noise all over the world proving the improvements they can give to us in the future.

[rudito]

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 still find it difficult to accept if the cash will go extinct, I think the unstable value of crypto money will be difficult to make as world currency. I just think fiat money will still exist and crypto money will also be used.

[burner2014]

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 still find it difficult to accept if the cash will go extinct, I think the unstable value of crypto money will be difficult to make as world currency. I just think fiat money will still exist and crypto money will also be used.

I don't know what to think too, I love crypto but I also love cash, I do love both of them and I can't see myself right not transaction all with the use of crypto, but let us see in the future what could happen, maybe time will really come when cash would be just an extinct.

[WakinXXX]

Think that I am not present, cash will be forever and will survive because direct transactions which use cash will never be left until, besides, money won't need Internet access that it could last eternally.

[willnotwas]

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

Honestly.. I personally do not think at all that cash will be extinct later (including in the year 2023), less likely I guess if indeed all countries will actually stop to using cash. I think this will not be happened, and cash will never be extinct forever.

[Ishiro5]

This is a very interesting piece. Things are going digital faster than we can imagine, the cash system has lots of weaknesses so at a point in human development i am confident it would become extinct first from the developed countries and later to the much less developed, but certainly this may take decades to happen if not centuries.

[lunnatic]

This is a very interesting piece. Things are going digital faster than we can imagine, the cash system has lots of weaknesses so at a point in human development i am confident it would become extinct first from the developed countries and later to the much less developed, but certainly this may take decades to happen if not centuries.

There is no digital currency will currently be used in the future and bitcoin is still not acceptable for future use. Bitcoin is still a world-wide conversation many of the world's countries do not accept bitcoin because it has many dissavantages. And also I think Cash will be hard to replace because it has long been our part. Need a long adaptation again if cash is not used anymore let alone people still many who do not understand how to use a gadget and internet.

[Voloshin2981]

I think that cash will never disappear, it is possible in some big advanced megalopolises, but far to everywhere because paper money is an integral part of human life.