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Author Topic: Will future paper money disappear?  (Read 2409 times)
concept2
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March 28, 2018, 09:37:30 PM
 #181

It is hard to know but I do believe that in the future, paper money will not exist anymore. Since the technology is better day by day, we will witness the electronic money system in the next few decades. And I am fascinated to become a part of this system. Everything will be more reliable and faster
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March 28, 2018, 09:38:09 PM
 #182

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.

Paper money will never dissappear. It will stay alive until there are banks and governments. Yes, cryptocurrency may lead the future currency but will always stay as virtual currency. I believe that there will be two kinds of currency be available, the crypto and the paper money that will compete in the market.
hataman
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March 28, 2018, 10:03:27 PM
 #183

could be bro. all will change as the times progress. as well as how to trade barter before the money. and now barter is no longer valid, now trading using real money. and it is also likely that the banknotes will no longer be used because they are all digital.
CuteBaby123
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March 28, 2018, 10:07:23 PM
 #184

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.

No, paper money will not disappear even if the bitcoin or cryptocurrency era is here. These two currencies are two different things also. Paper money is intended to be used in the physical world, to use in the locla markets and as basis for governments in the cycle of there money. It will just continue to exist until there are 1€ candy.

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March 28, 2018, 10:34:40 PM
 #185

Despite the technologies that we have including the digital currency, paper money is still significant despite of those. So I think that it will not disappear in the future since we can use it for the transactions in the real world. Even the world dominates the technology specifically the internet connections it would not defeat the idea that paper money is still used by the people. Although digital money is fast and requires no cash it would still be good if you have paper money with you when emergency will occur.

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March 28, 2018, 11:15:34 PM
 #186

I think that in the future the paper money will disappear because the cryptocurrencies will be the new type of the currency or money that we will be using in the future. More and more people are now getting into cryptocurrency so it is really obvious that it is the future that we are heading to so just be with the cryptocurrency and don't lose hope even the price is going down because it will be alright again soon.
Too early to talk with that but many believe that it will happen obviously people who are in cryptocurrency now like crypto to replace paper money. I am watching some videos and it say cryptocurrency and those physical metals and minerals will next to dollars because of continued falling of dollars.
As long as we go with this old method of buying and selling with fiat will give you loss and difficulties increases. To overcome these problems crypto worlds appear and now as long as when we go with it will bring easiness for you. You should not have to go to a bank in order to send amount to receiver because Bitcoin made it easy for you then what is the need of fiat currency it will ofcourse demolish once.
The use of paper money has been in the market for ages, and let's admit that fiat money is still circulating around the globe and been used by tremendous number of people. In the existence of cryptocurrency, let's make ourselves be aware of its functionalities, essence, and what it could contribute to community. Sometimes we have to unlearn what we were used to do, not for the reason of ignoring its significance, but for the progress of everyone and for easier access. If this time will come, I hope we'll all be responsible in using it and be guided accordingly.

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Flickkk
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March 28, 2018, 11:22:07 PM
 #187

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 has the possibility if we all be One in the world .
or Travel to other Planet there is a huge chance that we all people are going to use Digital money or what we call cryptocurrency.

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yrreg ger
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March 28, 2018, 11:29:40 PM
 #188

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.

In my opinion it will not happen, the fiat is part of economy and the one source income of every country. How about the poor people who leave in places with no internet, they have chance to use bitcoin. And also the small business, they prepare the fiat instead card payment because they need to purchase again new product to their business. Even the cryptocurrency become popular in the future, in this kind of problem it will not dominate the fiat.
bncbnc
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March 28, 2018, 11:53:50 PM
 #189

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.

In my opinion it will not happen, the fiat is part of economy and the one source income of every country. How about the poor people who leave in places with no internet, they have chance to use bitcoin. And also the small business, they prepare the fiat instead card payment because they need to purchase again new product to their business. Even the cryptocurrency become popular in the future, in this kind of problem it will not dominate the fiat.
Yes that is right that it is not so easy to do, although in future we can expect that it will happen because in fture we can also expect that people will give more preference to crytpo currencies as compare to bitcoin, and therefore at least it will reduce the use of fiat currency too much.

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March 28, 2018, 11:56:01 PM
 #190

It seems to have been heading in that direction for a long time. But they seem to print and mint it faster and faster so its hard to see it going away completely. Bitcoin is the  simple solution to the problem and only time will tell.
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March 29, 2018, 12:09:48 AM
 #191

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.

We cannot say if the paper money or flat currency will disappear because it is until now and it is a traditional currency in every country.
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March 29, 2018, 12:33:53 AM
 #192

There are a lot of ways to pay now compare to 10-20 years ago. It is convenient more convenient for us now but I don't paper money will disappear. I live in a country where we rely heavily on paper money. About 80% of services are being paid with money and the remaining 20% are paid on other ways. Coins and paper money are the most used while credit/debit cards are just an alternative.

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March 29, 2018, 12:55:35 AM
 #193

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 could be happen that paper money will disappear. With technology advantages, digital money or cryptocurrency is more safe and more flexible to carry and to make transaction.
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March 29, 2018, 04:21:35 AM
 #194

I think paper money will not disappear, because paper money is a symbol of a country's currency and will not be replaced. Especially for our region away from the city. For internet and phone network we have to use signal amplifier tool. How we should transact using bitcoin, it will be difficult. Also not everyone knows and has bitcoin. So this will be very difficult to eliminate paper money.

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March 29, 2018, 05:31:38 AM
 #195

Not all the way but I believe the usage will be reduced drastically to remote areas, and areas that are under dictator rule or totalitarian rule. Who knows one day the people in the mountains and oceans, they may be using phones too to transfer wealth you just never know.

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March 29, 2018, 05:42:17 AM
 #196

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 you mean that cash less transaction, I agree. But if you mean that 'paper money' change to be crypto money; I am not sure. World was change, many countries changed cash payment to be e-payment, but they still use no crypto money. They develop technology to be simplified, safe, and faster. It's a challenge for crypto money to develop also.
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March 29, 2018, 05:44:08 AM
 #197

No not this time yet. As you can see bitcoins are closely tied to paper money so I think it will not happen as of today. Maybe in the future when internet and  its security features will be implemented such that people wouldn't have to fear investing in digital currencies.
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March 29, 2018, 05:48:47 AM
 #198

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 am believe that in the future, people will using digital money or cryptocurrency. People always seek thing that help them to do their activities and cryptocurrency is more safe than paper money
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March 29, 2018, 05:57:20 AM
 #199

It will not happen until there are poor people and places which are not developed either. Un less Government will not make technology accessible to all its citizenry there is no way that paper money will disappear and be replaced by digital currency.

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March 29, 2018, 05:58:33 AM
 #200

No it wont because not all the people know the existence of it and not all the people can provide a device to afford those things especially to the remote areas beside our ancestors used fiat over a century its not easy to replace what people traditionally use.
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