Does this mean Cash will be extinct?

[Dannaey]

The transition from cash to digital cash is the discretion of the Government by each country. If Sweden will now start to adopt cashless society. It doesn't mean other will also do the same. It all depends on each of the government by each country.

[mouneshwar123]

Sure, it will extinct. It will take a lot of years for the eastern countries to follow the foot steps of the western countries. Until and unless these governments are sure to track the crytpocurrency transaction from it's citizens, it is not safe for them to implement them which would encourage money laundering.

[goldexp83]

I think it will be reduced but not fully extinct, after all despite the internet other things are still alive like radio, tv and newspapers.
Also how would u price things if you had no fiat to compare? es. You enter a shop and buy a coke and see prices like: 0.00005342 or 00004543?

[tikong]

In my opinion to make it happen I think it will not be easy need a long process because not everyone understands the existence of the form of virtual currency. this needs a realization long enough.

[afrasiyab]

its really hard to erase real money from world in short term, but i think 100-150 years we will use something attached to our body maybe hand,eye i dont know.

[shaun98]

Doubt so, while many advanced countries will adopt a cashless system in the years to come, third world countries will take a long while to follow suit. Many governments of third world countries are too busy swindling their citizens cash than to help develop their countries. Therefore, no cash will not go extinct, at least for a long while.

[Tiger Junk]

All this can be seen in 2017, 2017 marked many ICO projects came out, I believe in a developed country will choose to remove the paper money in future

I dont think that cash is we will be extinct in this world, even now or even in the future, we all know that there are many cryptocurrencies that is blooming and definitely bitcoin is the best but eventhough there are many cryptocurrencies it will not extinct cash because cash is all people needs.

[malia tring]

I think cash will not go extinct, I'm sure that cash will still exist in this world, because most people in the world really need cash especially for kids, because kids do not understand other types of money, they only know one the type of money only is the type of cash / paper.

[VclDm]

There will still be a huge number of people who do not know the crypto market and who, despite knowing the crypto but still do not trust and indifferent to it will continue to use cash in their exchanges. These people will later regret that they did not know crypto earlier to be able to integrate into the world.

[Alpinat]

absolutely not. a society without cash is a useless society. there is a combination that if you don't have cash you will need a online payments but if there is no cash there will be no more stall now. cash will be there forever for sure because it is the people use in everyday life.

[petramat]

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

maybe, but I think it's just a casual opinion because it is not easy to realize all that if true in 2023 happens not close the possibility of other countries follow that step.

[droptableguy2]

There will still be a huge number of people who do not know the crypto market and who, despite knowing the crypto but still do not trust and indifferent to it will continue to use cash in their exchanges. These people will later regret that they did not know crypto earlier to be able to integrate into the world.

Your perception is very accurate because although the crypto market is so popular, in poor and backward countries they have not known about crypto and bitcoin so cash will still exist. bitcoin supply and crypto market. Hopefully the bitcoin world-wide will not be so distant.

[KluFf]

maybe .
but for us in our poor country.
cash is still matters .
it will take a long road to make the people here
know how to use Cryptocurrency

[fritzbird]

It's quite hard to get rid of cash since it's been around for a very long time. That type
of change would be troublesome to society and the economy as well. I believe cash will
never be extinct, Cyrptocurrency is very appealing but it's also a representation of actual
money. We all still depend on tangible currency. It's optional to say the least but inevitably
cash is still permanent.
 

[MainIbem]

The measure to me is to make for less cash in circulation reducing cost of minting and making for ease of transactions all day. The rural areas how lack facilities will continue to use cash.

[Barcode_]

It is not really good to get rid of fiat cash and have only crypto-currencies as a payment options, it is always better to invent more innovative and alternative payment solutions in the long term as this would always benefits everyone in the long run, having more choices is better than limited choices whenever it comes to payment solutions.

[sayulita]

It's quite hard to get rid of cash since it's been around for a very long time. That type
of change would be troublesome to society and the economy as well. I believe cash will
never be extinct, Cyrptocurrency is very appealing but it's also a representation of actual
money. We all still depend on tangible currency. It's optional to say the least but inevitably
cash is still permanent.
 

No cash cannot become extinct at any cost.The cash is being used by the whole of the world.All the transactions are done by cash only and is accepted internationally.It is stable and under the control of the central bank.So the central bank takes all the possible measures to maintain its integrity and power over the cryptocurrencies.Cryptocurrencies are very risky we do not have any account of them while storing them or having a transaction.

[Sandijoee]

depending on each country whether the country wants to destroy paper money or not and use bitcoin into its currency, if in case of wanting to destroy this paper money could have an impact for the country's economy, because paper money is the hallmark of money in every country and paper money is also a more efficient form of transactions than electronic payments.

[cybersofts]

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 is about time, I told you guys! Digital currencies are about to take over the universe because the paper money is just outclassed. Governments around the world were always talking about the cashless economy they don't really have the working system of cashless economy until now when Cryptocurrency emerges. 

[skillink]

It is very difficult to replace the function of cash. Many small traders use cash, it takes a long time for all merchants to understand the digital money system so that digital currency can replace the function of cash.