Will future paper money disappear?

[yanxuanyunshan4]

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.

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[esa2782]

i think so, with the rapid increase of internet using in our daily life and as we know that internet will take over and become a major part of our life, the concept of money paper therefore is just become out of place, because everything is just one click away, there will be no place for paper money and other, and replacing paper money is also good for environmental.

[ralle14]

No fiat won't disappear, maybe if poverty is stopped because not everyone could afford to own crypto wallet and others aren't that knowledgeable enough to understand how crypto works. Plus it'll be harder to determine the real value of bitcoin/crypto if fiat suddenly disappears. Paper money still has some pros for example when there's no power in your place.

[pinkflower]

No fiat won't disappear, maybe if poverty is stopped because not everyone could afford to own crypto wallet and others aren't that knowledgeable enough to understand how crypto works. Plus it'll be harder to determine the real value of bitcoin/crypto if fiat suddenly disappears. Paper money still has some pros for example when there's no power in your place.

At some point in the financial system's evolution and the advancement of technologies aiding banks to better serve their customers, paper money will be used less and less until money printing obsoleted.

But what replaces it will not be what you think. It will be a centralized digital currency issued by the central bank which is not private, not immutable and not under your control.

[nasipadang]

It's because of technological advances, people want speed and security I agree with what you say example now many of us prefer to use the debit in appeal with cash to pay, although not all stores serve it debit payment but I'm sure the use of debit will be realized in many stores.

[yugyug]

It depends on some countries like US and Japan where technology development rapidly increase, any print made out paper will gradually decrease year by year. Diminishing print of paper money also helps save the environment like eliminating cutting of tress where the paper came from and beside carrying lots of paper money is not so convenient at this time since we can put and carry our money wirelessly thru internet and other cashless form of transactions.

[acener]

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 think it is too impossible for now since a lot of countries haven't known bitcoin yet. Yes, it is known to some counties but unfortunately, some countries are banning it too. A lotbof people don't know how to access bitcoin due to their age and level and education. It is important that people will be educated with bitcoin first.

[stayeduptolate]

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’s true that cryptocurrencies have gained a lot of popularity and trust among the people in the recent years since it has started and because of which their demand has also increased bitcoin still don’t think that they will be able to replace paper money in the future because firstly, paper money is way more popular than bitcoin and has way more users than bitcoin throughout the world. Then paper money is accepted everywhere whereas cryptocurrencies are accepted to a very limited areas.

[fiulpro]

With so many people out there sitting below the poverty line and with so many homes ... Without electricity... You expect everyone to have money to get into this crypto world or..go and get a bank account... And get the card ?

This is something that won't happen ...
Not in.. 100 years.

If the government decides to neglect that population that's a different thing but they won't do that..

Fist everyone needs to be in the same line..

[cupic]

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 think paper money will still exist. Because if the war breaks and the internet system stops working, the exchange of crypto will fail. The world is still very poor and has no technical equipment to store and use crypto.

[raidarksword]

Paper money or fiat currency still exists in future comes even it's the world of cryptocurrency we live in today. It will never disappear because not all people are aware of digital currency and if such government still not trusting cryptocurrency then we will able to use the old paper bills.

[HSRP]

Are not,. I do not think paper money will disappear in the world, Crypto is not the currency used to trade and exchange goods everyday in the market. I think BTC is only used to pay for cross-border contracts, which makes it quicker and easier. I do not think they will replace cash.

[crypto vlad]

can be. because of the growing technology, all of them are using digital. there is the possibility of paper money going to disappear in the future

[Fantastic33]

Paper money will never disappear unless the government allow to. Changing paper money into cryptocurrency will take a lot of time and changes on the economic system. Besides, the bank is still not considering cryptos as a form of currency, and there are some countries who already banned cryptos and some imposed crypto exchanges. 

[chengyinoing]

I think with the development of the world, paper money will be gradually eliminated.

With the development of science and technology, people can freely use their own encryption money, shops, supermarkets, food markets, encryption will be used in all corners.

[Ridwan Fauzi]

I haven't thought so far, if I see in my logic, yes cryptocurrency is needed by humans in the future and people will need it already facilitate in all its activities. In the other hand, every human have a government that will manage everything and every government has its own currenvy so they will not let cryptocurrency evolve because it will make their currency disappear. It will not happen cryptocurrency will make paper money disappear.

[Ausgewielt]

Use credit card is an attempt to minimize the use of paper money, people are begins to realize that  the use of paper money is not suitable for the needs of further transactions as required by entrepreneurs who work together all over the world. But this does not mean that physical money will disappear altogether. The weakness of paper money is the inability to to inflation and the lack of intrinsic value. So the highest probability is that paper money will be replaced by gold and all digital fiduciary currency such as usd, yuan or others will be based on gold. Cryptocurrency will not makes paper money dissapear because the volatility will prevent merchants to accept them.

[shamzblueworld]

I think eventually yes, it will be replaced by digital money but there are still many years to reach that point especially throughout the world.
But in most established countries, it may happen sooner.

[Tharel]

I don't think cryptocurrency will replace the overall usage of paper money. There will still be a need for paper money for small financial transactions. In the future, there maybe large percentage that will use cryptocurrency and the rest will be paper money.

[wildflower18]

In the current situation I think paper money will not disappear. There are many things to consider and in reality it's not easy to be used this online currency. Because others can't adopt easily this online currency and paper money is still the original use even in the future.