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Author Topic: Will future paper money disappear?  (Read 2482 times)
Apaxy
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April 15, 2018, 05:28:12 PM
 #621

There is some chance that this will happen but i can't imagine that everyone on Earth will have internet connection and own computer cause only at this time paper money will have chance to disappear.
I think that first of all you need to think about the importance of legalization and the use of crypto currency in your personal life, but about how easy it will be to use digital currency for the poor, as well as for the elderly and children.
cryptomeo
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April 15, 2018, 05:37:11 PM
 #622

The proposition still slurry IMO, fiat will be still around for a long time. The centrally control currency already for thousands of years. Digital currency should be an alternative and complete the current monetary system.

It still early to tell what next, how the general people will assume the validity and reliability of digital currency.

swetka
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April 15, 2018, 05:41:55 PM
 #623

The proposition still slurry IMO, fiat will be still around for a long time. The centrally control currency already for thousands of years. Digital currency should be an alternative and complete the current monetary system.

It still early to tell what next, how the general people will assume the validity and reliability of digital currency.


The fact is that today the crypto currency is becoming more and more popular among the entire population of the planet. But its use requires a full and effective infrastructure. And we forgot that many states are against the legalization of the crypto currency.
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April 15, 2018, 06:15:10 PM
 #624

For paper money to dissappear in future, we have to take a good look at some major elements that will make bitcoin or cryptocurrency available and usable to all. For examples in countries where we have poor people or poor govt. Lets take a first look at regular light, literacy and constant internet. If all these are in shape then we can boldly say bye bye to paper money in future.

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Kamote_1102
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April 15, 2018, 06:32:24 PM
 #625

I've heard 10 years ago that the World (New World Government) is preparing to have as what they call, Cashless Society. All transactions will happen electronically. But, It never came to my Mind if Bitcoin will do a big part in this kind of Society in the near future.

Ayush rana
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April 15, 2018, 06:40:39 PM
 #626

there are many chances that future money might get disappeared because digital currency has many good things as compare to paper money ans some of the best things are.
1. payments are more secured between two parties
2. no theft and lost problem.
3. one can access his/her money at any time any where.

bapetdik
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April 15, 2018, 06:44:11 PM
 #627

I thought it would happen like that. Paper money is no longer used in the future but all payments are made using our gadgets. in this modern era will continue to develop new technologies and will make paper money disappear slowly. You should prepare yourself for the future.

StarLucas
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April 15, 2018, 06:57:06 PM
 #628

When only 71 percent of the worlds population has a bank account let alone access to crypto.

I don't see it happening for a LONNNNNNNNNNNNNNNNNNNNNNNG time

Not untill the very least the market is stable, if fiat had as inherent risk as crypto did it would be next to worthless.
cfif123
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April 15, 2018, 07:21:30 PM
 #629

will never lose paper currency in this world even though there are already some countries that use virtual currency for transactions needs in that country, but to eliminate paper currency it is impossible
webdevmastery
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April 15, 2018, 07:23:29 PM
 #630

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.

There is a huge chance for paper money to disappear because most of the people today prefer on investing in cryptocurrency because of market's volatility, another thing is that, bitcoins today is getting popular even more due to social media's.
awik p
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April 16, 2018, 04:39:26 AM
 #631

I don't think fiat will ever disappear in the future given the fact that bitcoin hasn't achieved a global acceptance yet. There are still countries who are against the cryptocurrencies and that what makes it hard for cryptos to replace fiat easily.
although later it has received a lot of bitcoin, but i think it's hard to replace fiat currency with cryptocurrency, because every region in a country there are no internet facility

Sofiyah
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April 16, 2018, 04:50:29 AM
 #632

I think the paper currency will not disappear, it will still be maintained by some countries because paper currency can also be said as a symbol within a country. perhaps in the future, there will only be additional rules about the use of cryptocurrency, it can be used freely and extensively around the world if we have the same connection. but if we are going to visit a country, paper money will still be in use, so I think the paper money will continue to survive.
hawkins
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April 16, 2018, 05:13:01 AM
 #633

I don't think fiat will ever disappear in the future given the fact that bitcoin hasn't achieved a global acceptance yet. There are still countries who are against the cryptocurrencies and that what makes it hard for cryptos to replace fiat easily.
although later it has received a lot of bitcoin, but i think it's hard to replace fiat currency with cryptocurrency, because every region in a country there are no internet facility
agrees with you, even when bitcoin has a very high price, and is becoming more popular than now, I do not think bitcoin will ever replace paper money in the future. in fact, I think that paper money will continue to be used in each country as legitimate money.
sinkfish
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April 16, 2018, 09:23:24 AM
 #634

the world is yet connected 100%. many still need to be done to achieve cashless. Even now at China, the biggest cashless payment country in the world, people still carry a few hundred RMB even though most of the payment can be done mobile using Wechat pay or Alipay.
raybut37
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April 16, 2018, 10:18:51 AM
 #635

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, because paper money is very important especially in remote areas that don't have internet access.
shoujiuhaituo7
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April 16, 2018, 10:23:35 AM
 #636

With the continuous development of science and technology, unconsciously, our life is also changing, especially digital influence our life.

I believe that future paper money will gradually withdraw from the stage of history.
Impros88
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April 16, 2018, 10:27:07 AM
 #637

Nah i do not think soo that paper money could disappear in future because it was more then 2 000 year and will not disappear in future for sure.
joeflicker
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April 16, 2018, 10:43:29 AM
 #638

I don't think so. Paper money will not replaced by bitcoin. So many regulations that must be submissed such taxes and legalized from any countries who want to using bitcoin as a legal transaction. It takes too many times to make every government in the world to believe in cryptocurrency because it has no real physic form adn the prices are not stable.
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April 16, 2018, 10:44:44 AM
 #639

this is very likely to happen, but not in the near future. as well as bitcoin, can be a digital currency, but will not replace the currency of each country, this is because every country has different wealth, and different financial regulation, every country trying to make their currency the strongest.

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chaa123
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April 16, 2018, 10:46:24 AM
 #640

Well, there is a probability that paper cash will disappear in the future. But right now, it is all nothing but a distant dream...
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