Does this mean Cash will be extinct?

[domari]

No. Cash will continue to be used, maybe only the user who slightly decreased. We still need cash for some cases or transactions.

[Cryptophorus Columbus]

I'm not so sure, but cashless society with electronic money controlled by governments seems to me a dictatorial nightmare.
I think that in this case lot of people will go back to barter, just to escape to fiscal control.

[reymartH]

Despite electronic payment’s gains, it would be a big mistake to count cash out of the economy. Some people simply prefer cash or rely on it for budgeting purposes or to control overspending. Moreover, cash still tends to be the most efficient payment instrument for low-value transactions.

[KhalaDroga]

I think it's possible but this will not happen in our generation, probably when humans are already technologically advance and daily life is inconvenient without it.

[intoy_victor]

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

No it can't be. How about poor countries do you think they will agree with it. Maybe in some places only, that is so progressive.

Moreover it could be only possible if a country adopt it. If they agree. But how about people don't have internet, how could they their bills, buy food and buy their wants. Maybe could only reduce cash but to extinct it, impossible.

[ljm8888]

Cash extinction? This is likely to be achieved. The precondition of the extinction of cash is the rapid progress of science and technology. Only when technology can fully meet all the requirements of electronic payment. Cash can be eliminated. This reform may soon come. The digital currency we have joined will also grow stronger with the times. Look at the digital money, join in!

[Jigsawman082076]

Well I don't really think so that cash will gonna be extinct in the near future because there are many places in the world that still don't have any internet connection so that crypto currencies may be able to exist and evolve to their society to become as their currency and not to mention that there are also some countries as of now who banned the used of crypto currency maybe to prevent it from being used in money laundering or to anything which is against the law.

[torch2121]

For me it will not be extinct. For me it will be a new alternate money and other source of income.

[geopolisch]

I don't think so, bits of decentralized characteristics decided the COINS will not affected by government intervention, the implication is that if there is no cash, so many countries of the central bank cannot control the country's economy, so I think, there will not be without cash, this is my personal point of view!

Even if cash is going to be extinct, I don’t think Bitcoin will be the replacement for it. And cryptocurrencies doesn’t seem to be something that’s meant to last, from the way I’m seeing it, they’re just investment that will last for sometime, and not forever. But I’m not trying to say that Cash will go extinct.

[charmaine08]

I think cast will not be extinct or removed , yes it is good to become a cashless society bit it have a disadvantage on many people who don't know to use a crypto money .And also not all translation is recommended to pay a electronic money . Also poor people are the most affected if cash will be extinct in the market .

[Brunus]

The sweden model is a freedom nightmare, as it means absolute control by central authority.
It means that terrocrats will know all of your expensens and - in every moment - you can lose the possibility to use your money.

[Wylie330]

It is not that easy as we think. Cryptocurrencies will undergo so much ups and down. Because they are still in the first stage of development with lots of improvement to do. But getting in a cashless society will surely happen.

[changcloy]

i don't think that CASH will be extinct there are still plenty of people who would love to used CASH rather than CASHLESS and still there were people who don't know how to used crypto money and don't have any idea about it. for sure there were people will not allow this to be happen just like the poor countries and also for me this will be a long process if this will be implemented.

[ICOcosmos]

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, sooner or later cash will be gone.

If you look at the Netherlands for example, they barely use any cash anymore. Everything is paid via the wireless card everywhere.

Only on rare occasions do you need cash.

[tophe15]

In my opinion, a no, because if Cash will be extinct because of the wide use of cryptocurrency might have a bad effect in both the people and the economy. Maybe because most of us, the consumers, rely on cash in our daily transactions. I think some think that Cash might be extinct because who wants to have a currency that have a big chance of losing it because we keep it manually, rather than this cryptocurrency which are stored safely which remove the possibility of getting lost.

[ocid]

it will not happen that way, until whenever the cash will not go extinct. Because cash is very important role for kelansungan for transaction process in society in this world. and cash is the only easiest way to make the transaction process, uncomplicated, time-consuming, highly efficient, and more secure than non-cash, credit or transfer transactions.

[ghost424]

I guess cash would not be extinct or be traded into something else because cash is where we started and we still need something that is tangible and needs to be kept in places so you know that you have wealth and not just letters or numbers written on a screen of a laptop.

[Bezobraznike]

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

   Scandinavian countries are thinking about stop using cash for years, they
think that stop using cash can stop crime and corruption. I do not believe
in that scenario, traditional currencies should be replaced with something better
that can solve some problems.
    Scandinavians have great social system, and that is their advantage. With
crypto-currencies they can have even better system, anyone will be able to see
where the money is going better then with traditional currencies.

[Andrianla]

Whatever happens if all of it will have a good impact then I think it will run smoothly. To replace the function of cash should be with the extra socialization because it is not easy.

[ajdaj]

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

 Even if this happens it's okay. We are frightened by everything new and unfamiliar, and that is why people are afraid that paper money will soon disappear. It's clear that when that time comes, it does not mean that it will come tomorrow. It will be many more years before all the cash disappears.