Does this mean Cash will be extinct?

[Jaky]

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 i don't think That case will vanish.. Untill now its still indrmand.. And not everybody knows how to use btc specialy if the access is by using an internet, and that mean its under an online transaction needed if you'll be using crypto curriencies..

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[ngano ba]

If the bitcoin  will be accepted worldwide and the government recognize the use of bitcoin that maybe the time cash will came to extinction, because bitcoun transaction as of now can be considered a new technology in financing as medium of exchanges, but if bitcoin is independent with government institutions then the cash money will still continue and bitcoin is still an alternate currency.

[svendoto23]

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.

You are right there dude Not some almost all of the Third world country has slow internet connection and sometimes they don't have in some part of their respective country. This can be really devastating on their economy if they will implement the use of cryptocurrency on their own.

[Carreuh]

I think the cash currency will never be extinct due to the current society and the future is still very dependent on the cash currency although this bitcoin is a very good digital currency but people do not know very well about bitcoin then it is rather difficult when want to do transaction using bitcoin this to ordinary people.

[Trimzi]

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.

Not true. You can use hardware wallet or card with Bitcoin or other currency in it. How you pay with your credit card? You use internet while paying for a candy with your visa?
This is how is working now.
https://youtu.be/qbNG66nQdqA
This is temporary solution while fiats are still here
https://youtu.be/IjngOjwOrew
This is how it will work in near future
There was a video on youtube where Asian women buy coffee or something with a card that is loaded with crypto, but I couldn't find it and I was lazy to search it more.

[Spaffin]

If Sweden plans to abandon the use of cash by 2023, this does not mean that it will happen. Although Sweden really can get it. From the cash paper money can be discarded in a high-tech society with high incomes. In this case, people can switch to the use of various non-cash cards and other forms of non-cash payments, including the use of crypto currency. I'm pretty skeptical about this plan, because I think that in life there are a lot of cases when you can not do without paper money. I personally do not even know how to manage without paper money.

[dev9t9ok]

I consider we should to have a look at this. While it seems almost imaginable for me it need time to show us a result

[Bedebah]

I'm sure that cash will never extinct, this is because with cash transactions can be done anytime and anywhere, easy to use even the blind, not dependent on the internet so I'm sure that cash is never extinct.

[fiend91]

Nope i dont think fiat will be extinct in the rise of bitcoin because we still need paper cash just to pay our bills and need. If the whole world and banks or establishment is adapting well in bitcoin maybe cash will be useless.

[Fretcy]

We cannot say that cash will be extinct not any time soon, may be in the future after a decade or  so there are chance for the cash to be replaced by digital cash as Sweden going to stop fiat cash. Now in the current scenario bitcoins and all other crypto currencies are backed by the fiat currencies when the prices of bitcoins surge above $ 20000 USD there are more chances for wider mass to accept bitcoins; the wider mass acceptance of the bitcoins and other crypto currencies can make the fiat currencies disappear as all prefer using digital currency than fiat currency due to its various advantages and ease of use through out the world.

[rc411]

Maybe. Although some countries would be having hard time to cope with this, so I don't think cash would totally be extinct.

[Ondre]

No not yet, maybe in the near future but i knew it will not yet extinct because many people are not yet involve in digital currency. maybe it is just 20% of the population around the world know about bticoin and other altcoins so it is still a long long way for Cash to be gone.

[Isaacck]

Of course not. Cash will never be extinct. As of now, cash is a worldwide-known for currency. Also, it is more popular than bitcoin

[Kita Kita]

Personally I will not accept that things happen because it only worsen the economic state of a country. Indeed later we will face the digital era but that does not mean if the cash will be totally extinct. The use of cash in daily activities is very useful also for real world interaction as well.

For me even that cryptocurrency is getting stronger,  but i dont still think that cash will be extinct in thid world, cash has so many function for all people in this world and i dont think people will  agree that the cash should be exitnct in this world.

[Akupuniard]

Yes, someday cash will be extinct completly but i can't get the point of this changes. Digital money can be attacked easyliy when to destroy whole cash need to make unreal stuff.

[human2021]

I think there will always be some kind of cash. I would not like to see only electronic payment means in existence. Imagine someone blocking all your bank accounts if you for example don't agree with official politics or some other stupid reason?

[phpartisanmaster]

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 huge chance for cash to be extinct in the future since most of the people today are investing their money on cryptocurrency more than placing on banks since the growth of bank companies are really slow and you cant get rich immediately.

[tambok]

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 huge chance for cash to be extinct in the future since most of the people today are investing their money on cryptocurrency more than placing on banks since the growth of bank companies are really slow and you cant get rich immediately.

We don't know exactly what could happen in the future, but I believe it has the possibility that cash would be just part of our history just like barter system that we had when cash was not yet discovered, so for me there is a chance, let us see what could happen next in the next coming years

[Heroonnone]

It is very good news , because I think instead of caching, it is best to use a cryptocurrency. Cryptocurrency will not be depreciated. It's not a quicker transaction and it's very easy to use.

[Argoo]

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

Sweden can and will be able to switch to the use of non-cash money, there is a fairly high standard of living and income of the population. However, those countries where low wages and other related problems can not follow its example will not be able to follow suit. In these countries, cash can not be dispensed with, not everyone will have the opportunity to use cashless settlement, that is, in most countries the transition to the use of non-cash money is not yet possible.