Does this mean Cash will be extinct?

[Kotone]

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

Ot would be really impossible for cash to be extinct as the majority of the consumig public still holds that cash or paper money is still hetter as it can be touched and therefore not easily kanipulate dor hacked and they find comfort in something that is real already.

[amaral1977]

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

Cash as physical money will probably be replaced. However Fiat currencies are ot yet to disapear. You already have digital money in your credit cards and bank transations. The diference it´s not it being digital or bank notes. the diference is one is issued based on the confidence on a country/government and the other is decentralized. Other differencies apply but this is the most important one for now. BTC started to thrive and get value without the governance / back up of a central bank or federal reserve.

[BTCMILLIONAIRE]

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

Cash as physical money will probably be replaced. However Fiat currencies are ot yet to disapear. You already have digital money in your credit cards and bank transations. The diference it´s not it being digital or bank notes. the diference is one is issued based on the confidence on a country/government and the other is decentralized. Other differencies apply but this is the most important one for now. BTC started to thrive and get value without the governance / back up of a central bank or federal reserve.

I can't see Fiat money ever disappearing. Unless governments disappeared entirely, which is not something that we'll be seeing anytime soon. We'd need very sophisticated AI to keep everything in check before we'd be able to completely relinquish governments as a whole. I can see this eventually happening though. Human progress is remarkably quick after all.

[DrGuns4Hands]

nope that wouldn't happen. even tho bitcoin and other crypto currency is so popular or strong fiat system won't disappear because it's more easier to manage than bitcoins and also government wont let that happen because they needed it to be fiat to get more money from their fellow countrymen. I'm not against the goverment but i hate my government.

[Pumapipa]

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.

I think it would be impossible to eliminate paper money fiat simply because it is the norm and you really can't eliminate a thing that had been there for ages. As far as I can remember, paper money fiat has a value that of Gold for it to have an actual value on its own. On the other hand, it will be a great help especially in the trading of goods because it can be done electronically. Thanks to bitcoin. Exchanging goods will be effortless. But it does not mean that Cash will totally be obsolete.

[Chikitita2004]

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

Here in my place almost no one is holding cash in their physical wallets. They use their visa card in everything. Even im retail stores they pay with visa and all transactions they do online or through telephone. Thieves will not get anything when they try to rob their houses.  

[miltonpogi]

As I see on our industry paper money is very powerful and common for every individual for their daily transaction to our economy, and paper money is a thing that any persons will use because many people in world could not afford to buy cellphones for transactions, so I will probably say that cash will never be extinct in this period, maybe in the near future after 20 years it will have a  short possibility to occur like on what will happen in Sweden in the year 2023. We could not probably say if this things will happen, because we are all based in predictions, only time will see.

[Kevondo]

nope that wouldn't happen. even tho bitcoin and other crypto currency is so popular or strong fiat system won't disappear because it's more easier to manage than bitcoins and also government wont let that happen because they needed it to be fiat to get more money from their fellow countrymen. I'm not against the goverment but i hate my government.

Why not would you like to tell me the reason for the price of their bitcoin is increasing more and more I like the bitcoin as the increasing worth of the bitcoin so buy the bitcoin and increase the income and the daily investment of the bitcoin for the long time? A lot of the people are getting in the new currency and the cash of the bitcoin is increasing money will be double.

[usorin]

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

There is a trend in this sens, if we look at the northern countries the credit cards are widely used, you can't do anything if you don't have a plastic card so that is the reason why they have this target. I suppose the same thing goes with France, over there if you want to pay your taxes you simply nee the plastic card for online playing. So yes, in the forren duture the cash will be extincted.

[salihno71]

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

Hopefully this will never happen. If you have only electronic ways to pay, you're dependent on the banks, atm's etc... With money in hands it's different. And no one can track your spending with cash.

[stayeduptolate]

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

Bitcoin has proven its self to be a great success and it is evident from its continuous increased prices which are still increasing and let’s hope will increase in the future too. It has also gained immense amount of popularity among people and it is also being used intensively. But still after all things said; bitcoin will not be able to extinct cash from this world because. Firstly, cash is way more popular and in use than bitcoin. Secondly, cash is easily accessible as compared to bitcoin. Then one needs internet for usage of bitcoin and still there are many places where internet facility is not yet available. So cash is the only means of currency. So because of all these reasons bitcoin will not be able to extinct cash from the world.

[Hazir]

The demise of paper money is inevitable. Why? mainly because of these 2 reasons:
1. It is hard to control fiat cash. Governments like to control everything, with only electronic payments it will be an easy to keep tabs on everything.
2. We are entering new digital era, everything is moving to the internet. Payments transfers will simply follow this trend.

[BunnyShibe]

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

Cash as physical money will probably be replaced. However Fiat currencies are ot yet to disapear. You already have digital money in your credit cards and bank transations. The diference it´s not it being digital or bank notes. the diference is one is issued based on the confidence on a country/government and the other is decentralized. Other differencies apply but this is the most important one for now. BTC started to thrive and get value without the governance / back up of a central bank or federal reserve.

I can't see Fiat money ever disappearing. Unless governments disappeared entirely, which is not something that we'll be seeing anytime soon. We'd need very sophisticated AI to keep everything in check before we'd be able to completely relinquish governments as a whole. I can see this eventually happening though. Human progress is remarkably quick after all.

But i think it is not so easy that fiat will disappear. i think that it will take a lot of time, because stilll a negligibal number of people are using bitcoin or any other fiat currency, its number is increasing but very slowy becasue bitcoin need to be educated so that to know the use of computer and internet and in most of the third world countires people do not have education to use computer or internet, even they do not have the facilities.

[Paecga129]

Absolutely that's what it means. Cash has no value and is worthless as money. It can be printed and double spent and controlled centrally. These are terrible attributes of money.

[chineseprancing]

Absolutely that's what it means. Cash has no value and is worthless as money. It can be printed and double spent and controlled centrally. These are terrible attributes of money.

Even how hard bitcoin trying to steal the position of cash in the whole world, it is impossible to happen. Since cash was the primary needed of all people due to their daily routine. Therefore even crypto currency is the most famous money in digital currency, I think they have no capacity to surpass the cash in the outside community.

[MMA]

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

Bitcoin has proven its self to be a great success and it is evident from its continuous increased prices which are still increasing and let’s hope will increase in the future too. It has also gained immense amount of popularity among people and it is also being used intensively. But still after all things said; bitcoin will not be able to extinct cash from this world because. Firstly, cash is way more popular and in use than bitcoin. Secondly, cash is easily accessible as compared to bitcoin. Then one needs internet for usage of bitcoin and still there are many places where internet facility is not yet available. So cash is the only means of currency. So because of all these reasons bitcoin will not be able to extinct cash from the world.

Yes that is right but still i think it is not so easy, because bitcoin is not so common and therefore it is not providing us the opportunities that we have while using fiat. i think currently it is difficult to say that bitcoin will replace fiat so soon. i think it will take decades may be more than half century. because still majority of people do not know anything about bitcoin.

[Skyshark]

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

That could be possible only on 1st world countries only, yet, to these contries where the technology is readily available, then I think its just a matter of legality. But to third world countries, this idea is not gonna happen anytime soon, knowing the stability of the country aswell as the technology thats been slowly rising.

[katrimans]

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.

Indeed in the near future people are going to minimize the use of paper money because it is really not easy to deal with paper money. If you have cash in large amount, it is really difficult to save it properly. Moreover we are now living in a global village where things need to be done at fats speed and for this purpose there is no other option best than bitcoin. People love going cashless now.

[zeaderza]

Slowly but surely cash will be extinct, this is because all users increasingly feel that the cash problem is too complicated to make cryptocurrency the best solution.

This is something very much difficult to comment on. There are 50 50 chances of both the things. it can be possible to see a cashless society in the future while on the other hand it can be our dream only to see a society without having paper money. There are so many users of paper money and it is really a difficult job to convince each and every one of them.

[PizzaBTC]

Yes it is possible, most people who got Bitcoin Cash for free actually disposed everything they got so that means less are actually holding on to the coin. Even if it came from bitcoin it is still an altcoin, and most altcoins are dumping most especially if bitcoins price soar up high.

Cash will remain on throne for more 5 to 6 years and then after that there will be a revolutionary change In world because that will be time when everyone is using bitcoin and then everyone will accept it open heartedly cash is going toward its fate and now people are demanding a digital currency and bitcoin has all the abilities to replace cash and it will.