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Author Topic: Does this mean Cash will be extinct?  (Read 14253 times)
burnchan
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May 25, 2018, 01:04:34 AM
 #1521

If this happen all people should know the basic of computer.It takes many more years to do that,maybe if that would be successful it would be the basis of other countries to follow that system.Well gudluck for them.

I think people are shifting from physical money to online transaction because it is more convenient for urban places. But for rural places, I think they will stick to physical money because they have less access to internet and some are not into technology. So I think the obsolescence depends on the location. it will not be true to all.
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May 25, 2018, 01:11:39 AM
 #1522

A cashless society is safer, there is faster transaction and you don't have to be present always to have your transaction done for you. In countries where robberies are on the increase a cashless society can help reduce the possibility of such cases through the use of blockchain and other technologies that empowers the owners to take absolute responsibility of their wealth under strong protection.
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May 25, 2018, 01:49:38 AM
 #1523

A cashless society is safer, there is faster transaction and you don't have to be present always to have your transaction done for you. In countries where robberies are on the increase a cashless society can help reduce the possibility of such cases through the use of blockchain and other technologies that empowers the owners to take absolute responsibility of their wealth under strong protection.

That can be considered in the highly urbanized the cashless society , through the cryptocurrency technology but ,for the mountainous and rural areas in every part of the world , there would still be cash money to be use because , internet broadcast are limited with in this areas, so cash will not be extinct totally by this cashless society.

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May 25, 2018, 01:57:31 AM
 #1524

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
absolutely yes. cause first of all cash is just a waste of material. if their no cash our society can produce more papers or they can save more trees. second people nowadays are tend to use more on technology so they will happy if their money is in safety right. just be aware of hackers. they can steal your money in your account

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May 25, 2018, 02:02:40 AM
 #1525

I'm sure that cash will not be affected even though bitcoin is very popular, as we know that bitcoin transactions are highly dependent on the internet so it becomes a big problem if the internet is problematic, but cash transactions are not internet dependent so it can be done anytime and anywhere.


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