Will future paper money disappear?

[danim1130]

Even the crypto currency developed and even it takes advantage more than the paper money. it can't just remove or replaced the paper money easily all people in the world are using paper money and all of their life they used money. without that for sure it is not complete.

[CHENIEN]

Maybe, it will disappear only when internet connection reach up to remote areas that even those people living on a extreme remote areas can access bitcoin. And also bitcoin endorse by government as use for medium of exchange like money. But it would only happen for next generation of human being, maybe fifty to one hundred years from now. Because paper money it hard to eliminate, because it is used for how many decade as our medium of exchange. And even now, with the new technology system that bitcoin is born, we cannot directly says that bitcoin is the instrument to replace real paper money, but the truth is, bitcoin is an instrument that convertible into real paper money. Although bitcoin has a multiple higher value than money, but it doesn't mean that the money will replace by bitcoin.

[Adamant06]

Maybe, it will disappear only when internet connection reach up to remote areas that even those people living on a extreme remote areas can access bitcoin. And also bitcoin endorse by government as use for medium of exchange like money. But it would only happen for next generation of human being, maybe fifty to one hundred years from now. Because paper money it hard to eliminate, because it is used for how many decade as our medium of exchange. And even now, with the new technology system that bitcoin is born, we cannot directly says that bitcoin is the instrument to replace real paper money, but the truth is, bitcoin is an instrument that convertible into real paper money. Although bitcoin has a multiple higher value than money, but it doesn't mean that the money will replace by bitcoin.

Cash or paper money is unlikely to go away soon. Coins and paper currency remain the most popular ways to pay for things in most countries. But longer term, cash appears to be in a losing battle with electronic payment methods. It is posible in the future that paper money will disappear.

[RedUnicorn]

You can't speculate things like this aldo there is always IF. If by Future you are talking about +20 years it might extinct maybe later to displace currency like this you have to have something already really and i mean really tested around at every possible condition there is. I dont believe that crypto can do it not in a near future Fiat money is too powerfull esp dollar and there way too much powerfull people who depends solaly on it. You can see how much did resistance for crypto increased during this crash there like a shark they attack when they smell the blood and they will keep attacking crypto for as long as they can or atleast they will have to.  Adoption is possible but there has to be lots f work to be done for it to happen. Who knows maybe Crypto could make something like this or maybe crypto can be just a steping stone towards this new currency era.

[wozzek23]

I think there is possibility is more for bitcoin to replace the paper currency.The value of 1 bitcoin is equal to 7800$,but the value of dollars is still remain the same.This shows the value of bitcoin is greater than the paper currency. In two decades, the bitcoin will replace the paper currency.

Even if the bitcoin does not take over in the next two decades, I have this feeling that these banks will takeover the paper currency and there will be only cards with the people with their money deposited in the banks. Even now we can see that credit cards are giving a lot of benefits to the people for the usage and this is because the banks get more time on the money. Credit cards have upper hand in cashless society because there is no restrictions from the government side.

[dharnamonitor]

I don't think that paper money will disappear, fiat is an important form of payments to the poor and would have a huge impact on them if it disappeared. It is difficult to predict what will happen to the future, anything can happen and even if it looked so impossible there's still a possibility on it.

[Sasuke102001]

With any amount of development in technology it still will be very difficult for cryptocurrency to replace paper money, there are many reasons for it. One of the most influencing reason is that for cryptocurrency to replace it should reach to each and every person on the globe for which you need at least electricity and the Internet and still many places are deprived of it. Paper money is actually more flexible than digital currency to use as well.

[ucingucingan]

Maybe it happens because bitcoin is more environmentally friendly than paper money and coins, I think it is because the making of bitcoin does not use paper that requires the tree as its basic material,

[_yoshi]

There is no question about, if fiat money will disappear in future. But it will take more then fifty years. BUt in near future, you will see a lot of people will pay their daily staff with an fingerpringt or with their smartphones. The question is, what a system will be used for thoese daily payments. SO actually there is a bigger chance that we will use any kind of creditdard like apps which are from banks. It would be nice if they would instead of some payment methoed who is controlled by a bank, we would use a cryptocurrencies who is not controlled by someone!

[fredo123]

Not so fast, it requires time to study and adapt people to accept on it. We all know bitcoins are globally recognized but there are only few people who make used to it. Some are favorable to transact paper money because they are traditionally accepted. Maybe in the future paper money will gone and everybody will connect to digital currency because it makes our life work easier.

[Wong Gendheng]

The sign that paper money disappear soon became clearer, the presence of cryptocurrency that rely solely on the internet will make paper money disappear faster, I'm sure that someday paper money will be in the collection at the museum because it is not used.

[Chrystora123]

I still remember when reading the initial goal Elon musk and his friends create Paypal is for ease so that in the future we can transact without having to bring cash again,

even himself has long directed we must leave cash, and after I know Bitcoin then I am also more and more convinced that paper money will not be in use again in the future..

[Sorento]

In as much as I believe that it will come to a point in life when cryptocurrency will be accepted worldwide, I still believe that Fiat currency will still be needed for the sake of those in the remote areas.

[Genemind]

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.

This can happen in the future, however, we cannot depend on cryptocurrency solely if we are reffering to making it as our main currency. Cryptocurrency is not yet regulated and accepted by some countries, with just one market crash a whole nation's economy can crash if crypto will replace fiat.

[darkangel020716]

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.

Sometimes we are just imagine what will happen on the future because of the new technology revolution, I guess after ten years from now the paper money will replace and we will use to pay bills are through online I read about the chips that will put into your body and this will be your atm to pay bills.

[Kokoy]

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.

I dont think so, how about for the less fortunate  people what will happen to them? Are they will be isolated from the society if they could not achieve to the requirement if the medium of all transaction, investment and anything with the involvement of monetary unit will be cashless society, I will nver be open to this ki nd of situation.

[Vanshenz]

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 in the future could be lost because it is no longer effective to use, in the future all payments will definitely use a smartphone, because by using a smartphone it will be easier ..

[kamilah147]

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 personally think the paper money will never disappear. because the paper money is the money we use all this time. so we also have to preserve the paper money.

[SMSabuj]

I think one day the paper money will be useless. Because paper money is not secure currency. Everybody wants to use a secure currency. And already people use the online transaction for their needs. And day by day online transaction getting more and more popularity. Bitcoin and cryptocurrency increase this popularity so high. Pople wants to use a decentralized currency. Bitcoin and Cryptocurrency give this opportunity. People all over the world want to use Bitcoin and cryptocurrency. A lot of countries started accepting Bitcoin and other cryptocurrencies.

[vaughn125]

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.

Depends on how far you mean by saying future because if you mean just a few years from now, then I most certainly do not think so, since there are still a lot of issues in all the crypto currencies here in the crypto world in terms of usage and all other stuff. Up to this day, I really haven't seen any crypto currency yet that is capable enough to replace fiat. Even the problem about the remote areas where you cannot have internet access. You have to put all this issues into consideration before even thinking about getting into the thought of replacing fiat with any crypto currency.