Can cryptocurrencies make physical money disappear?

[coinplus]

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

For now, it is not possible. I believe later on, this is something that we should expect anyway.
The blockchain technology is already here to stay and sure, it would take a gradual process before physical money, especially fiats get wiped out, as they will all turn digital, but some of the old generations for now, will have to pass in this case before we see that happening.

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[winteroxalis]

  I think cryptocurrency  can replace  money in the near future due to its great benefits to the users  in the next few years, we are going to see national governments take large steps towards instituting a cashless society where people transact using centralized digital currencies. Simultaneously, the decentralized cryptocurrencies – that some even view as harder money – will see increased use from all sectors.BTC

[rey.fudz15]

Simply not, maybe they can dominate but they can't make physical money disappear. Cryptocurrency is not back up by any government, no regulation from any financial institution, decentralized ( Good but can't be accepted as a national currency because of this).

[henriquelb]

possibly in the future it will be that the cryptocurrencies, have their moment since there are many things to do regarding how both the merchants and the banks accept these cryptocurrencies, there is no other way than following a time with conventional paper

[EdenHazard]

of course not, it will only make some problems if the government tries to physically bully with bitcoin. well, a have their own currency. while bitcoin has become an investment tool and international currency on the internet. many problems occur if bitcoin tries to be a legal transaction tool in a country.

we never know , i will say it is possible but not now not in the near future.

it cost a lot of time , the process itself will complicated as this is about something that we use frequently in our daily life. otherwise things won't stable and the world could be in chaos , i personally think the physical money shouldn't disappear but more to exist and used side by side.

[Shenzou]

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

Alternative payment method other than fiat were introduced a long time agao, people right use credit cards, paypal which are digital moeny, this year we have seen the rise of the cryptocurrencies and the increase of their usage and this goes to the fact that bitcoin had a crazy price that lead to it being under the spotlight of media and other sources, so people got to know it more and know what cryptocurrency is, so in my opinion cryptocurrency can become eventually a payment method that is officialy implented in the market, with that i mean that you can pay with bitcoin for exemple anywhere and at anytime, but cryptocurrencues taking over and making physical moeny dissapear is probably not going to happen, because cryptocurrencies are decentrelized and besed on blockcahin network means no goverment or bank can control it, so no goverment money being used would mean that the goverment can no longer have power, which is impossible and this is why accepting cryptocurrencies or using them is a major problem for all the goverments right now.

[Ronaldcoin2017]

of course not, it will only make some problems if the government tries to physically bully with bitcoin. well, a have their own currency. while bitcoin has become an investment tool and international currency on the internet. many problems occur if bitcoin tries to be a legal transaction tool in a country.

we never know , i will say it is possible but not now not in the near future.

it cost a lot of time , the process itself will complicated as this is about something that we use frequently in our daily life. otherwise things won't stable and the world could be in chaos , i personally think the physical money shouldn't disappear but more to exist and used side by side.

Yes i agree on that i believe physical money cannot been disappear because we are really using that from the start and cryptocurrency and physical money has really many different features and government standing.However we can used cryptocurrency to get more physical money the advantages is really in here maybe people should know this thing to make convenience decision.

[dificanovi]

I think crypto money can replace real currency but it takes a long time. crypto money is very valuable than real money. if all nations accept bitcoin as a legitimate means of saving then crypto currency will become national money.

[michellee]

I think crypto money can replace real currency but it takes a long time. crypto money is very valuable than real money. if all nations accept bitcoin as a legitimate means of saving then crypto currency will become national money.

I agree with you because the government will not let their creation disappear and people moving from the real currency to crypto money. but if the government that the new technology will come and they should think that they need to follow the new technology, then I think soon they will realize that crypto money could be potential to replace real currency. and if they see that crypto money could help the economy of the country and the citizen, I think they will use crypto money sooner or later.

[mia khalifa]

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

of course it could be because the future is not too need physical money or have reduced the use of paper money because it is not very efficient with this can be concluded that the physical money will be reduced and will be replaced with digital currency.

[deloreswest]

i dont think so but if there is a cryptocurrency that made especially for transaction that legal internationaly i believe cashless society will become real. but what we know right now is too much altcoin and it would keep coming up . i believe this will make different on how people investing. maybe this is the future markey stock and money

[kiumilo0o]

I think it takes 10 years for all people to realize the benefits of bitcoin payments. Within 100 years, crypto can completely replace any other form of payment.

[yusupjatigumilar]

It could happen, but I think that's a difficult thing because many countries will oppose it because they are afraid if it happens then the currency of their country will be worth nothing, unless the crypto currency created is the currency of that country own.

[rodel caling]

yes i see the future fo cryptos in the world market later on fiat money replace of the digital cryptocurrency as number currency use any transaction such as to buy anything needs of people.

[s2sallbygrace]

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

I believe it will never happen. Bitcoin can only be use digitally and we can't even hold it in our hands like a physical money. Right now bitcoin is being known worldwide but that doesn't mean it can replace fiat money because there is always a big difference between the two. Bitcoin is a digital currency where we can use as a payment system and we can only use it thru the use of the internet connection and without the internet we cannot proceed our transactions, unlike physical money where we can use on our daily living and we know that fiat money is very inportant. And the fact that  not all people can afford to use bitcoin, it's merely impossible for it to eliminate physical money.

[kier010]

maybe in the future when the world have more advance technologies and the world accept them. but for now not possible because bitcoin and other crptocurrencies have many problems. especially bitcoin where other rich/powerful people oppose it and other countries ban it.

[Xenoph0bia]

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

I believe it will never happen. Bitcoin can only be use digitally and we can't even hold it in our hands like a physical money. Right now bitcoin is being known worldwide but that doesn't mean it can replace fiat money because there is always a big difference between the two. Bitcoin is a digital currency where we can use as a payment system and we can only use it thru the use of the internet connection and without the internet we cannot proceed our transactions, unlike physical money where we can use on our daily living and we know that fiat money is very inportant. And the fact that  not all people can afford to use bitcoin, it's merely impossible for it to eliminate physical money.

No the cryptocurrencies cannot make the physical money disappear.The physical money is being used by all the people of the world and it is internationally accepted everywhere.On the other hand cryptocurrencies are not given legalized and some are being banned in some Nations.Cryptocurrencies need internet connection for there regulations and operation.Internet connection is not available everywhere so it cannot be used everywhere also it has got no legal acceptance worldwide and is very controversial.

[kyanscadiel]

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

bitcoin or other cryptocurrencies is an alternative method where we can use as a payment system for purchasing online or use it like a credit/ debit card, but the only difference is it is stored in a special digital wallet that is installed in a mobile device. Yes, now it is a modern way of spending and keeping money but it is still important for us to have physical money in our pocket for we cannot use bitcoin transactions without using internet connection. For me, physical money is very important on our daily living and that it is impossible to disappear. I think the best way is to have it both exist.

[koyo12]

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

Perhaps in the future. There's a possibility but for now I don't think cryptocurrency can replace physical money.

[chocolaty]

I don't think this is possible. Fiat money will always be responsible for the world's economy. Digital coins are decentralized hence it js difficult to make legal transactions without going through the a legal process. Legal process requires too much documents and personal info. Cryptos have their own purpose in this world and so do fiat money.