Does this mean Cash will be extinct?

[arcanayou]

cash will not be used again in a few years, all countries apply cash less. the cost of making huge cash money, and no longer economical just to waste money, especially vulnerable will be in imitation of counterfeit money, transaction technology has changed a lot from a few centuries ago ranging from barter, gold as a medium of exchange and cash, now is the time electronic money, whether it's a transaction using barcodes or using bitcoins, we'll see

[genixye]

Digital money and electronic payments continue to grow, and cash's position in the financial system is gradually shaken.

Cashless society brings the convenience, but how to create a richer inclusive of payment system, maintaining the fair competition environment, be afraid is practitioners and regulators, and even the whole society should be considered.

[Quantum907]

Along with the increasing use of virtual money and cryptocurrencies then this certainly brings a big impact that can make cash will be extinct, of course people will not carry cash as long as the digital currency can transact because more secure, practical and certainly faster.

[h31s3nb3rg]

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 that idea will be applicable in all countries in the world because there are so many aspects need to consider before a particular nation approved that idea like for example in the third world country , how about those people who are unable to provide a gadget or technology to use for exchange . So i don't really think that cash is possible to extinct.

[laravuemaster]

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 because cryptocurrency is continuously growing in the market and because of that, some of the companies are worrying if they can keep up their business in the future.

[Ladyechy]

I think cash or paper money will never be extinct or impossible. That's because not everyone in the world knows the digital currency and they do not know what it is and how it works. For developed countries it would be easier to switch to society without cash or paper money because remembering that they already have technological progress and hardly everyone is already involved in the digital world. any type of currency whether digital or cash is very influential on the economy of a country

[mware]

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 still be used although replaced with mobile payment because people still prefer cash because of the ease of using it and also in some countries the speed of the internet is still very slow it makes the transaction takes more time

[almaerk08]

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 that idea will be applicable in all countries in the world because there are so many aspects need to consider before a particular nation approved that idea like for example in the third world country , how about those people who are unable to provide a gadget or technology to use for exchange . So i don't really think that cash is possible to extinct.

If this is really true, then they would be the first country to do so. But in my opinion, I dont think it is a good idea to phase out the paper money, because of course, not all people can have enough knowledge about technology, for example, the beggars. And it would also affects the economy of the country. And if the country wants to do it, it would take years to fully implement this.

[sakokinak]

I think it is possible for the cash to be extinct if the bitcoin becomes acknowledged and regulated by the government and if all people will be considered of having internet access everwhere it can likely happen but noy in the next 5 to 10 years. That is only my opinion.

No, cash will not vanish. I am sure the cryptocurrency will be used but fiat will be used as well. People will deal with traditional money and with virtual.

[taxli]

I believe this is a speculation and noting more because to do so they need to be equipped with speacial technologies to be able to accept the transactions and regulate them.

[Andalusy]

Digital money in growing as we can see the high price of bitcoin now. By looking at this we can say that digital money has a very great future but we cannot say that it will totally replace digital money in coming future. and I think more countries will not follow if that happens.

[1C6fV5DtakfKANLJ8GUV7hCaA]

That's really possible. It's easier to maintain servers than print money. That's where we are heading though. Whether we like it or not, our economy will grow faster.

[adpinbr]

I honestly think that cash won't be extinct, because we cannot predict that cash will not be valued in the future, and I think that cash will still be useful in the future, especially for those countries that banned bitcoin and cryptos, because of this I think that cash will not be extinct since some countries are not allowing the use of bitcoin and demands to only use their currency.

[c++btc]

That article is just a prediction of the future even einstein cannot predict what will truly happen in the future and sure like this it. The cashless society can't be done because all of the people until now are still using cash in their everyday life.

[layoutph]

Crypto currency is the starter! All nations will soon to become a cashless society. Fiat will become a in digital format.  There are some heresays that there will be a one nation,  one currency. Nations will be ruled by a one powerful person.  Must be Illuminati or the anti christ.

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

[taxli]

There is no way for it to happen overnight because to speed up this process we need to provide the whole world with the Internet connection.

[Lehbane]

I don't thinks so that cash or paper money will extinct if this year comes, it only means that there will be a major changes when it comes of using Fiat and Altcoin in every country.

[tony kurniawan]

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

The possibility of fiat money will be replaced with crypto money, but the time of occurrence is difficult to predict. We all know fiat money is in the control of a country as a means of legal transactions, of course the state will maintain paper money.

[cryptoalfs76]

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

Actually this is only an future vision of the country of sweden,maybe happen in the future or not,the important is in that situation cryptocurrency still exist in year 2023, and by that means digital currency investment is still moving forward to continue its legacy.actualy the extinct of the money is hard to do for us now,because its is the main source of trading especially in the bank,and the real sources of progressive economy,but if this the purpose in the country of sweden will its great.

[Crypto_4eva]

I would expect 1 point in the future for paper money to stop and a number in a bank balance approach to be adopted like digital currency