Does this mean Cash will be extinct?

[Sled]

It is hard for some countries to switch to the use of cryptocurrency or the bitcoin only because not everyone is aware of these payment method at all. Maybe Sweden is one of those countries that ready to accept it but not the whole world.

The whole world is ready for accepting cryptocurrency because there is no need to make new system to accept it because they just need to make it as a legal currency and the only problem here is the government that are dealing with the regulations of the cryptocurrency because they are afraid that if they make it as a legal currency then a lot of people will prefer decentralization.

[endut15]

I think that the cash will not be lost, because until now the cash is used to meet the needs we need. so we should appreciate the existence of cash as well.

[charlemagne_15]

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 getting rid of paper money is impossible and will make a huge negative effects on all of us. It is impossible to eliminate paper money because governments will not allow it. In addition, poor people cannot afford to buy a gadgets like phones and internet to access the bitcoin. Paper money is their only hope to make a living. Economics will not grow if this will happen.

[headache1327]

Not necessarily cash shoyld be extinct, but maybe bitcoin will be of much value than having cash. Remember you cant buy goods in the market through bitcoin, there is gap to be used in bitcoin and cash.

[Kanda Yu]

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 it is happening very soon. Maybe it is possible knowing that there's a chance that bitcoin will replace banks and physical money for everyone's convenience and good. We should still appreciate cash even though bitcoin is now slowly growing, we should support it still since it is somehow doing great with bitcoin nowadays.

[taxli]

I agree with the statement above that there is no way to equip every country with necessary tools for earning bitcoin which is why we need to stay with fiat and keep the currency that everyone in the world is able to have.

[Menawi12]

It is hard for some countries to switch to the use of cryptocurrency or the bitcoin only because not everyone is aware of these payment method at all. Maybe Sweden is one of those countries that ready to accept it but not the whole world.

Indeed, many country still dont have a good internet infrastucture and many of them dont know about cryptocurrency. I think cash or fiat money still exist because for some people its more flexible

[Chrisjay29]

I think cash will still exist. Because lot of country didnt know bitcoin. Especially on those country that has low economy and no internet. But maybe someday cash will extinct

[Chacon994]

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 just rumors. I do not think that electronic money can replace cash. Because cash is the currency used by everyone in the world and it is more convenient than electronic money. That is my opinion

[Hughes_Ryan]

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, cash will never be able to go extinct. Most people buy and sell using cash. Only those who participate in the new crypto use electronic money to buy and sell

[reverseflash]

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, cash will never be able to go extinct. Most people buy and sell using cash. Only those who participate in the new crypto use electronic money to buy and sell

Just the majority uses credit cards for a long time, and applies cash only in those places in which haven't managed to connect reception of electronic payments yet.

[fluctuations]

I think this will not happen. If the cash is gone, the people of low-income countries and undeveloped internet will buy and exchange by what way.

[GamingBro]

At my opinion cash will not be extinct everywhere, probably other governmets would be following Sweden and checking the statistics how many people likes this way of economy.

[BlackBeauty]

At my opinion cash will not be extinct everywhere, probably other governmets would be following Sweden and checking the statistics how many people likes this way of economy.

I also think that cash will never extinct but bitcoin currency will very popular in everywhere and that's why people will payment in bitcoin because bitcoin will very secure currency, so its use in worldwide and every where we can work in bitcoin very easily.

[icecream sandwich]

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

If that is what you called it then yes they will be extinct but for me the right term is just they will be replaced because they are gonna be still here maybe in some collectors hands but they will not be used anymore no production of them anymore because digital currency will take to their places. But i think that will going to be 100 years from now because the people still cannot cope that much into technology but I know it just takes time to accept that changed that is happening. Whats happening now is the start of it.

[Bionicgalaxy]

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

Cashless society makes transactions more faster and many people are comfortable in sending payment through online by using their phones and cards because it is much convenient to use than standing and falling in line just to pay bills and buying things. I think there are still some people in sweden will still be using cash in 2023 because there are poor people who can't afford buying a phones and cards, so i think cash will still exist in sweden in 2023 and in other countries if that happen.

[wiro 212]

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

It takes a long time for everyone to know crypto, and we are aware for the moment that knows crypto only a tiny fraction of the world's population.

[Vaniaevergarden]

Let's hope so, IMO cash is an outdated mean of storing value, too many limations, and risks when we allow central entities to determine de supply (hyperinflation). Physical cash is on it's way out, some countries have already set dates to be cashless states.

[Boromon]

I think cash and bitcoin will go together for a long time. I think cash will never be extinct, many direct transactions that will continue to use cash and will not be possible using virtual money or bitcoin. Just imagine you live in a country with a poor or no internet connection. How to use virtual money for transaction.

[Tylev]

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

Go to a clearing can only afford technologically advanced countries with a large urbanization, that is, a large percentage of the urban population and above all - with a greater standard of living. Countries with medium and weak economies can not afford it, because people are not yet ready for this. In addition, I still do not believe that the state can completely refuse cash and go purely to use non-cash money. It seems to me that part of the general public will not want to give up cash. In some cases, their use is more convenient than different bank cards.