Will future paper money disappear?

[bitkanu]

Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.

indeed possibility is certain, but it takes a long time, because as we know cryptocurrency is still a lot of hackers, so the government is still considering a lot of things

You know right even using bank service you can still be hacked so saying that the hacking will prevent cryptocurrencies or another form of digital currencies will erase paper money is just doesn't make sense.
However the hacking in the future will seem to be really hard because the security technology will always be developed to its peak.

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[Btcmarmipp2]

It won't really disappear as we thought because paper money is the unit of exchange that the country represent. In a lower section of people cannot afford to have crypto as a medium of exchange.

[rafi035]

Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.

This might be a bit long. this great revolution certainly needs preparation and not necessarily all countries of the world agree that the transaction is changed to be electronic or online

[Funeral Wreaths]

Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.

This might be a bit long. this great revolution certainly needs preparation and not necessarily all countries of the world agree that the transaction is changed to be electronic or online

i certainly believe you have a point my friend, since changing ones currency and it is most likely called mass adoption of electronic payments and other online transactions, i guess there might be a conflict as for example i don't think the banks and government will agree directly about that idea and proposal.

[ether19]

It is possible that in future, every country will have its own digital currency, as it is hard to fake than currency notes. Many countries such as Japan, China and Russia are working on their own crypto currency.

[kakehgilleh]

Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.

indeed possibility is certain, but it takes a long time, because as we know cryptocurrency is still a lot of hackers, so the government is still considering a lot of things

I think paper money will continue to use, especially when with paper money, we have to pay taxes directly. however, the use of digital money will not make the tax increase. well, the government will certainly think it well before eliminating it.

Yes. Paper money will still be used for small transactions. For example to buy food in small stalls.

[shendy]

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.

From day to day technological developments increasingly sophisticated. So do not rule out that in the future later paper money will be lost and replaced by a more practical. And maybe in the future Bitcoin can replace it all. I'm sure Bitcoin can afford to replace the paper money in the future.

[armandoedullan]

In my opinion future paper will not disappear because it is the commonly use by people.

[LooBaao]

I think Crypto is growing but they can not replace paper money. Altcoins can not have liquidity like paper money, they can not be flexible in trading and trading. They only grow in one. It is conducive to the interconnection between nations.

[Pujangga]

It seems that the future of future money will be difficult to survive, the pressure of digital money will surely make the future of paper money immediately replaceable, in fact we can see that almost all transactions using debit or credit card making it easier, practical and certainly safe.

[VeronAncient]

In my opinion. paper money will not disappear and be replaced because paper money becomes a symbol of the economy of a country. so paper money will still be used even if the digital currency already exists and is already used in all countries. so it will be a lot of options to use paper money or digital money in transactions with so will be more flexible.

[maemunah]

it seems very difficult and impossible if the paper money will be lost with virtual money. because in some countries that not many who receive virtual money in the country.
indeed in terms of virtual money transactions it is very fast and easy but the paper money will always be in use until whenever of course

[samputin]

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.

I agree with you. Paper money or cash is unlikely to go away soon. It is still widely used in many countries and is the primary form of paying things. But with the battle between cash and electronic payment methods, the former is quite to be in a losing situation.

There are still countries where electronic payment is not growing faster than cash but the movement away from cash is happening in various ways and paces around the world. Based on what I've read, some critics stated that there are benefits from moving away from cash since paper money enables crime and tax evasion. And recently, it has been estimated that electronic payments will increase by 10.9% a year by 2015-2020.

Cash is becoming less popular due to the growing array of alternatives. With the ongoing arguments, it is still difficult to determine precisely whether cash will not be used anymore. I guess its better to say that in the future, there will be "less cash" rather than "cashless" because the human connection with cash will be hard to break.

[Yakult]

I don't think so. Paper money is necessary for daily lives. Not every country can be capable of electric money or whatsoever. Paper money and coins are being used by small scale business and what makes the economy run. Paper money will still run for a long time and still would be needed in the future.

[d1ceplayer]

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.

Well definitely this threat would be to only that countries who have legalized bitocins. They have allowed their citizens to use bitcoins in any way they just want. For the bitocins, it is rely a helpful and good news that will help them to be more popular and famous in public. But I don’t think even bitcoins would be official currency of some country, still paper money would have their own charm.

[shoreno]

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.

Well definitely this threat would be to only that countries who have legalized bitocins. They have allowed their citizens to use bitcoins in any way they just want. For the bitocins, it is rely a helpful and good news that will help them to be more popular and famous in public. But I don’t think even bitcoins would be official currency of some country, still paper money would have their own charm.

bitcoin will always remain a digital currency and wont dominate the entire currency because it still has lack of support and lack of features to use mainly on offline purposes. Bitcoin is fully functional online but it isnt also perfectly made.

 that is also the reason on why majority of the countries wont accept bitcoin to be legalized. even though some county legalized btc , people still opt to choose paper money and regular local curency because it is more easy and has a wide range support to any merchants.

[Coins and Hardwork]

i think paper money wont disappear. because it is the trade mark of the country we live in. but in my opinion i think it is possible because of the growing technology. and it is much safer not to bring paper money because of the criminals. using encrypted money is much easier and safer.

It will not really disappear it will just cope up with the fast improving technology of our world. As you said, the currency in the future will be more faster and safer than today's. I do not know if I will be just imagining this or Bitcoin will be just the same even after a long time.

[usorin]

There is an evolution in the fiat money because for example, now most of the countries has plastic money and i gues that in 20-25 years the so called paper money will vanish because they are expensive and dirty.

[spyerf]

I think the paper money still exist .. because not all countries legalize Bitcoin .. and paper money remain because the paper money become a state identifier

it is true, in addition to its large enough value and tends to change make bitcoin less practical to be made in exchange every day.

[Evgenius1283]

In some future it can and will happen, but for the foreseeable I think Fiat is not going anywhere, so what is the mechanism of transition from Fiat is not clear now.