Does this mean Cash will be extinct?

[aysg76]

Will never happen. Until whenever, cash will not go extinct.
Cash is the identity of a country, whose existence is protected by law. So as good as any bitcoin will not be able to eliminate the existence of cash.

Yeah, though the era of cryptocurrencies is at its height and the many of the currencies are getting digitalized but that doesn't mean that it would give rise to a cashless society. However, the role of the paper money is reduced but not fainted and will not as there are still certain areas without internet who are at a thorough use it...

[Tomborneque_1102]

Actually, there was an Idea before that the World Government was planning to have a cashless society. wherein, all the transactions will be made electronically. thru cards, or a microchip. but that was 20 years ago. I don't know if it will happen or not. but it's gonna be a long discussion before it happens.

[md.falkone]

It isn't as simple as we think. Cryptocurrencies will undergo so many take-off and falling. Because all of them still are at the first development stage with a large number of improvements. But to get to non-cash society surely will occur.

[pantheraio]

That is one of the thoughts of people who want to use bitcoin in the moment. But i'm sure the money will no longer be in use in the future because many people who want more transactions are not complicated and in the end they can use bitcoin. In this era too many people have started to use ATM one example.

[valentine401]

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 kind of news will be only for sweden and not for the entire nation because the world has different law's and some of them is not existing on other countries so we cannot say that fiat will not be existing on other countries as well.

[hahahafr]

Cash will NEVER be extinct, at least, not on this society.

It will take more than dozens of years until we can see a change on this kind of economic system, yes, it would more than impossible.

[Cairo18]

Cash will NEVER be extinct, at least, not on this society.

It will take more than dozens of years until we can see a change on this kind of economic system, yes, it would more than impossible.

I think maybe but not now, it is possible because there are other people doesn't know about this technological process of using digital money or currencies in networks. Maybe cash will extinct if all things that we used are made through technologies.

[emulsifryer]

Cash will NEVER be extinct, at least, not on this society.

It will take more than dozens of years until we can see a change on this kind of economic system, yes, it would more than impossible.

Yes that's absolutely right and even if cash will be extinct it takes a lot more of years to happened and also paper money will be placed in the museum.

[tylerderden]

Cash will NEVER be extinct, at least, not on this society.

It will take more than dozens of years until we can see a change on this kind of economic system, yes, it would more than impossible.

I think maybe but not now, it is possible because there are other people doesn't know about this technological process of using digital money or currencies in networks. Maybe cash will extinct if all things that we used are made through technologies.

No this cannot happen at all.Even when cryptocurrencies will rule the market maybe in the future,then also cash cannot be extinct.Cash is used by every person on this earth.Cash is used in day to day transactions.Cash is accepted internationally.Cash is centralised and therefore it is backed by the central banks and the government.Cash can be used anywhere and anytime unlike cryptocurrencies which need internet connection to get operated.

[budiarmed]

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 think not, fiat money will still exist and will continue to circulate in the community. People will still use fiat currency for their daily transaction needs.

[7Dyoknga5]

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

This could only be good if you are to stay in Sweden. Unless there would be an international app that most countries would recognize and accredit. Countries' won't also be able to participate in world market because world market products prices are based on fiat currencies of that said country.

Low class community are also to be considered because as many of them have difficulty accessing basic needs which is more inconvenient  

[renggileh]

Maybe yes, but it will take a century to get it done. If people trust invisible money on internet and feel more comfortable to use it in daily basis instead of always carrying physical cash in every situation. It may different in first world countries and third world countries, but people will trust digital currency or digital form of money without see it leave their pockets. Centralized or decentralized system will be there to make sure digital currency distributed and being used safely.

[schatzi]

Maybe one day , when digital world conquers the real one , cash will be extinct. It’ll happen when the internet takes over all other power and trading becomes only digital . But for now , i believe it’s both difficult and hard to be achieved.

[Rustamm]

In Sweden, a fairly high standard of living, so there may well be without cash. And then, I doubt that everyone will be able to give up ordinary money there. Also, 20-30 percent of the world's population can go to non-cash settlements and crypto-currencies. However, I do not think that they are ready for this in the rest of the territory.

[dmamigo]

Cash will NEVER be extinct, at least, not on this society.

It will take more than dozens of years until we can see a change on this kind of economic system, yes, it would more than impossible.

I think maybe but not now, it is possible because there are other people doesn't know about this technological process of using digital money or currencies in networks. Maybe cash will extinct if all things that we used are made through technologies.

No this cannot happen at all.Even when cryptocurrencies will rule the market maybe in the future,then also cash cannot be extinct.Cash is used by every person on this earth.Cash is used in day to day transactions.Cash is accepted internationally.Cash is centralised and therefore it is backed by the central banks and the government.Cash can be used anywhere and anytime unlike cryptocurrencies which need internet connection to get operated.

Yes, cryptocurrency cannot replace cash requirement, but if a government of any specific country complete digitization upon its financial system, I guess it will be possible. But there will be roadblocks while doing this, but cryptocurrency can helo them. Centralised crypto can be implemented and a system can be built which will complete the payment with a fraction of seconds. But yes internet will be the biggest problem, I doubt there will be 100% uptime always anywhere in the globe. That's kind of tough to happen.

[Kikir leutik]

If you’re new to thinking about money, welcome. It’s a vast, broad subject, and one that repays upon consideration and review. Chances are you’ve given the subject more thought these days due to wild cryptocurrency price speculation news. And it is thrilling. To think you’re able to invest in a digital asset at any stage, in full or fractions, and ride its swings can fill our heads with dreams of wealth accumulation. And if that’s the spark causing you to click over here, awesome. You should also begin to learn just why this bitcoin thing, this crypto thing, this brave new world is maybe even more important than typical manias or get-rich-quick schemes.





It doesn’t take long to learn a truism: government money loses value over time. Empirically, you know this. You don’t have to carry a Nobel in economics to understand most products you purchased only a short time ago are more expensive. You’ve noticed, but, well, what can be done? It’s probably natural. It’s probably the way of things. Can’t be helped for some strange reason. A candy bar I paid for two years ago costs 25 cents more today. Meh, it’s not that big of a hit



reference: https://news.bitcoin.com/bitcoin-versus-government-money/

[niteroy]

Maybe one day , when digital world conquers the real one , cash will be extinct. It’ll happen when the internet takes over all other power and trading becomes only digital . But for now , i believe it’s both difficult and hard to be achieved.

The main thing is that the beginning is already there and only further initiatives like this will become more. I hope that in other European countries they will also transfer traditional sectors to the blockchain, and also legalize the use of cryptocurrency at the state level.

[markovi4mark]

There is no one in this world who can tell us what is going to happen in the future. But for me its very imposible to stop using cash, even though the crypto currency will be more popolar in that year its very imposible to stop using cash.

[jetjet]

its not that easy to eliminate cash totally... those small purchases could be done on cash basis without cash that would be a little bit hassle... plus, cashless needs technology to operate, what if theres system down how could we done our purchases? anyways, if country pursue this scenario, they must be equip with enough contigency plan to address issues that may come in durinf implementation.

[patrickj]

I don't think that money will be wiped out from presence absolutely in light of the fact that there are a considerable measure of things that should be set up before such a things could happen. Money won't be wiped out totally in the immature or creating countries, it is an alternate ball game on the grounds that there are some piece of those nations that doesn't have a bank not to mention working cashless economy.