Will future paper money disappear?

[tuikindu]

Now it's the Internet age, people on the Internet shopping, money transfer payments, I think in the future the use of paper money will be less and less, the gradual digital currency will replace the status of paper money.

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[FRJ]

Confusing. I don't know.Because,using digital currency is not possible for many people,specially, in poor countries, each of the citizen are not educated or don't know how to deal with digital currency. So,digital currency is not appropriate for them.Again,the economy of a country mostly depends on National bank and other banks.If paper money disappears,banks will disappear and economy of a country.....I don't know.

[ClackKendi]

In the future, the paper money will not disappear, but with the digital age and the computer industry developed in addition to the banknotes circulation also need the money in the account such as card atm ... will develop and dominate. And it's a more convenient tool for people to trade.

[MRY]

I do not think so, bitcoin will not be able to replace paper money because not everyone can access bitcoin and every country has their own currency, the government also definitely will not let that happen

[OrangeII]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

  I do not think that paper money will disappear at all, because bitcoin is not taxed. And imagine that if all people start using bitcoin instead of cash, the countries will collapse, there will be nothing to fill the budget of the countries and then everything will collapse.

bitcoin will be taxed only when you exchange it to fiat. well, but I also feel that the world's economy will be broken, and become unstable. well, I think its use will always be used, because paper money is a simple payment tool.

[Greenkarki]

I do not think so, bitcoin will not be able to replace paper money because not everyone can access bitcoin and every country has their own currency, the government also definitely will not let that happen

I think it will not happens unless the government would accept bitcoin. It purely depends upon the government in your country. Due to rapid growth of bitcoin if it is accepted by government surely the paper money will be disappear. Because bitcoin is a digital curreny it is very safe to use rather than paper money.

[Pansamantala]

It would eventually fade. After all, conventional paper money is getting pretty outddated and the current measure central banks do is by releasing a new set of coins or banknotes to replace older ones. I deem this not only inefficient but also costly, unlike bitcoin that would only take a few clicks to avail or invest into, apart from the fact that it is way more convenient than fiat money.

[Jas18]

It would eventually fade. After all, conventional paper money is getting pretty outddated and the current measure central banks do is by releasing a new set of coins or banknotes to replace older ones. I deem this not only inefficient but also costly, unlike bitcoin that would only take a few clicks to avail or invest into, apart from the fact that it is way more convenient than fiat money.

I respect on your opinion, but for me i think its very difficult to take away the paper money in our society. Its already a part of our daily lives and it is more convinient and easy to use by everybody. Cryptocurrencies has a lot more to do and develop to be a part of everybody's life.

[Dorion2124]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

If thats happen i think people will be hard to use bitcoin for paying and for purchasing things, because other people dont know how to use it, it is hard for them to have that kind of technology for buying things. And i think it will not happen.

[South Park]

I don't think so because the number of people using paper money is tremendous at this point so I don't see paper money disappearing at least in next 50 to 100 years from now. Yes, I am expecting growth in digital mediums in the coming years for transferring values from one point to another but there will be the people who will keep using paper money / offline transactions at any given point. I believe that governments will adopt blockchain technology to make the traditional banking system more efficient in the coming decade.

While most of the transactions around the world were with money in the digital form at the same time most of that money is not really money, it is just money that governments and banks use among each other and that doesn't really have any meaning besides being just a bunch of numbers on a computer screen, this is why paper money is still relevant in this digital age and there is not a reason to think that will change anytime soon.

[Sled]

It would eventually fade. After all, conventional paper money is getting pretty outddated and the current measure central banks do is by releasing a new set of coins or banknotes to replace older ones. I deem this not only inefficient but also costly, unlike bitcoin that would only take a few clicks to avail or invest into, apart from the fact that it is way more convenient than fiat money.

I don't think that it will eventually fade because there is a lot of people who are using the paper money and it will take a lot of years for you before you can see that the paper money already disappear, bitcoin and other cryptocurrencies are good but they are not that enough to replace the paper money because people want to make sure that it is safe before they use it.

[hermae]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

If thats happen i think people will be hard to use bitcoin for paying and for purchasing things, because other people dont know how to use it, it is hard for them to have that kind of technology for buying things. And i think it will not happen.

I think paper money will never disappear. There are already digital currencies now and maybe in the future, many more will come. But it would never replace paper money because not all people are into technology so it is hard for them to purchase using digital currencies.

[nightways]

It's very difficult to disappearnce of paper money but it may be possible in future. Nowdays all people are used to woth the paper money and many of poeple still don't trust into cryptocurrency and many of old people think that how can currency become online and such things. But young generation accept the bitcoin and they started to use to with it. So if we give proper knowledge about bitcoin to all over the world then it might be possible that cryptocurrency will take place of paper money.

I don’t really think so that now is the right time to discuss such kind of things as it has not been so long for this world to see some other form of money that is digital money. We can comment on this thing after some period when most of the people will be aware of the crypto currencies and at that time, we can expect this thing and that there might a possibility that there will be no paper money in the future.

[Ikay]

Paper money will never be disappear or lost in economy because not all people use highly technology like cellphone, computer or anything else that will access with digital money so probably paper money will still exist and digital currencies now will not surpassed it.

[d1ceplayer]

I dont think paper money will disappear in the future because people are already familiar with it using in any transactions but who knows what will.happen in the future is digital currency will be used by people in this world?

For me paper money will not disappear, because of small business we have in our sorroundings such as sari-sari store, Carenderia, fare and others that serve as payment. If that will happen maybe for a very very long period of time, that everything can connect totally to the system.

Paper money will be too hard to be washed out in any estate especially here in our country. Not all countrymen are well educated and knowledgeable enough with the digital world. Not even all has credit cards which means it will be very difficult to implement a zero paper money society. With regards to using bitcoin as mode of payment, strong internet connection must be provided and    wide campaign about bitcoin must be done.

This can be of better understanding for all those who say bitcoins will never take place of cash. Like you have said, people have been using cash since last 20000 years and now they are being replaced with cards and other stuff. So likewise, my point is, bitcoins would be replacing cash. Although not now or even not in this century but if they are continually being in use, there will be a time coming.

[Requim]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

Now that the function of cryptocurrency has been proven to be quite effective despite not having physical form, it is now possible to see what could be our future without the use of physical money. People are also getting confident that it would definitely work because of what they’ve experienced in cryptocurrencies.

[nelsledma]

Cryptocurrencies will never replace national currencies. But the fact that the cash will disappear is for sure. Cash is very expensive in production and can be forged. Counterfeiters annually cause great damage to the economy.

Dude listen, everyone must get to know that bitcoins will not be replacement of fiat money. Not in current times nor in near future. but yes, if all the governments of all countries around the globe just decide to take this coin as international currency and start dealing in them, only then we can say now this is the time bitcoins are going to replace fiat money. But till now, just forget this statement.

[cah ndablek]

It all depends on the role of government of each country when they have accepted the existence of this digital currency officially this will be a very heavy threat to paper money and allow paper money to begin to disappear.

[Moiyah]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

It woudn't. Eventhough some countries already accepted btc as a payment, it will still hard to incorporate and exchange that to real paper money. Bitcoin will stay as it is as cryptocurrency only. If so, there are so many things to consider before implementing or allowing it to replace paper money.

[virtualboy97]

Not immediately, but definitely, it will.

After all, you can't buy products and pay by livestock now, but at some point in history, they actually did that