Does this mean Cash will be extinct?

[Ca.ming14]

 It will happen but I think not all countries will follow, as we know every country have it's own rules and regulations that they implement for the benefits of their own people, so if one country didn't see the need of it to follow,  they will not implement it.

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[Rossy Akbar]

I think most country will see the result first if they can manage their economy by using another currencies except cash, because you know isn't that easy to change your currencies nowadays, and every single person knows how good this cryptocurrency. But involve all the society using this thing maybe need long time.

[Lyne1982]

We all know that our technology grows faster, cashless transactions will take place in many countries, but it will never remove cash because there were circumtances that online transactions were not applicable so they will use cash as payment. Best examples were small expenses that were daily encountered, if you will transacted it online, the transaction cost is greater than the payment of goods.

[popoyuyun]

I imagine that in future our children and grandchildren will pay all transactions and goods and services with plastic cards or through electronic money transfers via mobile banking services on smartphones, which means paper money and coins will be extinct and not used again in the future.

[bencongponcol]

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.

[GamingBro]

Cash will exitinct someday but not soon at my opinion. Our banking system still unsafe and digital money nowadays very hard to protect completly. Would be very sad if one hacker destroys whole country economy.

[Boldcom]

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 big possibility, especially on big countries. in 3rd world countries, it is very much deficult to extinct cash. the first possible replacement to cash is credit cards which most people in 3rd world countries don’t have.

[spongegar]

I doubt it wil be extinct. I mean not unless all your people could afford to have a phone to do online transactions then eliminating fiat money will not help at all. Imagine how will poor people but stuff they need? Like food? A cashless country could help track everyone's spending and help to fight money laundering but then again you country should be stable enough not to have a person who is poor. That being the case, third world countries are out.

[v0rtecxz]

I hope not.. No matter how new technology is, we can't remove cash suddenly at the year 2023. It's five years from now, I don't think they can make it.

I don’t think cash will be extinct. It will depend on the leader or governments of that country. Not all the person knows about the new methods of cashless musty the indigent person they can’t adopt or accept this new kind of the system. What if the internet connection got a problem? How can use it? However, being cashless also have good benefits at all I think we can reduce that corruption because of the transaction is can be seen by all the people.

as you say, I have thoughts that are almost identical to you, all depending on how the government is applying it or not, because as you say not many people are adopting the new method, of course the economic factors of each individual influence it, every individuals have different capabilities in viewing the user of the method, not to mention the required internet connection to be able to access it,
but for something like corruption, I'm not sure can reduce it, because sneaky people have different ways to get what they want

[johnalyn]

Not to sure that Cash will be extinct because many country will don't agree for it to make a world currency the decentralized currency that we have right here right now and it will not gonna safe for those who are not aware from using it, but if that's ok to them it will be ok to me that it will  become our cashless cities.

[christina30]

Right even bitcoin is increasingly used it does not mean that the fiat will be replaced by bitcoin.it has no chance for bitcoin to replace cash.I know that cash will be increasingly rarely used because the times will be more advanced and digital technology will be more widely used. ATMs, credit cards, debit cards, etc will increasingly be used and cash will be less used. For me cash will never be replace

[Jannatul Shefa]

I don't think it will be easy for the whole world to be cashless. Because still many developing and undeveloped country also developed country are very much dependent on cash. But slowly many developed country started to think over the issue to be cashless. So let's see what happens.

[wewe123]

In the part of the world that there are no internet it is difficult for cash money to be extinct ,because you can only use this bitcoin when you are connected to the internet, and there will be enough signal that can cotter the need for the connectoin nd some transactions.

[TitanGEL]

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 will not be extinct. Peiple will not let cash to be extinct. Cash has important role in our economy and society. There will be big effect if the cash will be extinct.

[steelhouse]

Sweden has the largest collection of idiots the world has ever seen. I can say this because I am 1/2 Swedish.   You should read up on the copper as money idea, and basically how they invented fiat currency and how the people lost their life savings twice (I think it might have been in one generation too).   The story looks clear, the world switches to digital only.  However, remember the central banks will still be printing money to make up the deficits and loans to hardliners.  As result, the bitcoin complex will rise (note: I use the term bitcoin complex to refer to BTC, BCH BTG BTD and all real spinoffs as a combined unit) as they are fixed in supply.  All fiat currencies will eventually hyperinflate - Swedish Kroner, USD, Chinese Yuan, and the Euro.  The reason for this is simple, users will slowly switch to the bitcoin complex as it will be rising in value, while the fiats are dropping in price on a relative basis.  Workers want to keep their money.

[Ajinomoto40]

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's is impossible maybe the bitcoin is the most popular and the most dominant coin in digital market, but in real life the money has the most important role in real society and economy. And the bitcoin can be converted to cash.

[berick prima]

The possibility of a Sweden state to be a pioneer to stop using cash.
Maybe there will be countries that follow the steps of the Sweden countryside.
But of course, this requires a mature process and a long time.
And there will be many considerations to be taken when paper money is no longer used by a country.

[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. Cash and bitcoin are currently doing good between each other. Fiat has been the physical proof that bitcoin is a good investment. The fees being paid to convert your bitcoin to fiat too is also helping the crypto world to improve more for a better performance. We should not look forward on making cash extinct because the instances that may occur may not become easy for us in the future.

[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

There's a large possibility that cash might be extinct in the future because of having cryptocurrency revolutionized nowadays. If bitcoin and all the other existing cryptocurrencies will keep on improving and promoting, maybe next day we'll wake up on a cashless life. It can make our lives easier but still we should look at the bad side that may occur.

[Morkhart]

Cash will never disappear because cash transactions are still in demand, not everyone can use bitcoin because bitcoin transactions require internet, so if there is no internet then bitcoin can not be used.