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Author Topic: will humanity stop using cash  (Read 3995 times)
MonaLeeTracy
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November 01, 2018, 02:11:01 PM
 #621

sooner or later we will come to the fact that we will never see banknotes again because everything goes to the fact that the world will become digital

the loss of paper money is not as easy as we imagine. because it requires the process and adaptation of everyone in technological development. because not everyone can accept technology.
HichemFetoui
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November 01, 2018, 02:13:46 PM
 #622

yes i think so already some countries rely less and less about cash for example china most of people there use wepay as i think crypto will be the natural alternative to cash good luck Smiley
rickyis786
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November 01, 2018, 02:22:47 PM
 #623

yes, it is possible in future we will stop using cash for any type of payment.even lot of people have already stopped using cash.humans are generally
using bank debit or credit cards .they wants to make easy,safe and fast transactions .because these type of transaction they have no need to go anywhere personally. in these days  most of people have taking interest in crypto currency .i thing crypto currency can replace cash in future
 

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November 01, 2018, 02:26:35 PM
 #624

I think it will be happen in near future. Humanity dont like cash money now. They want to use their credit cars and they want to pay their bills with digital way. I believe in 10 20 years people will only use their telephones like credit cards.

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regexlove
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November 01, 2018, 02:29:03 PM
 #625

Most likely in the near future, fewer and fewer people will use cash and use the card more and more, because it is convenient and practical, some countries have completely abandoned the use of cash  Shocked
mainthread
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November 01, 2018, 02:39:14 PM
 #626

I have no doubt that cash will always exist. But the frequency of their use will fall. The level of development of different countries will not allow to run electronic money in every corner of our planet. In any case, there must remain a liquid instrument, which is now the cash.
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November 01, 2018, 03:06:45 PM
 #627

Yes, We can go cashless in the future. But I don't think that all people will switch to crypto. There will be people using banks cards also. Because there are so many people out there who still don't believe in Crypto. Who knows if in future we can see a combo of banks along with crypto. As with the rise of digitization, less cash will be used in market.
If you are talking about tangible currency such as papers or coins. Then it is possible that we might be paperless or coinless in the future. I think we will go pure digital through crypto. This cryptocurrency that we are using is just a start

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November 01, 2018, 03:21:57 PM
 #628

everything can happen in the crypto world, even if it is possible in the future, crypto will replace fiat money, but if you look at it from crypto conditions now, it will still be very long, especially now there are still so many countries that prohibit crypto

RuJuliette
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November 02, 2018, 09:23:52 AM
 #629


Then it is possible that we might be paperless or coinless in the future. I think we will go pure digital through crypto.

Yes it's very possible that the developed countries will be paperless and coinless very soon. But what about Third World countries? I don't  think there is the stable internet or any other kind of network somewhere in the middle of Congo or in the Mongolian steppe!

craked5
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November 02, 2018, 09:26:57 AM
 #630

cash is not the most convinient kind of money. plastic cards, smartphone pay is much more convinients. but htere arizes the question of security. and decentralized cryptocurrency is the answer.
Daliloz
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November 02, 2018, 10:27:34 AM
 #631

Early or late, but it will happen. Part of the transaction will take credit cards, and the rest - cryptocurrency.
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November 02, 2018, 10:33:29 AM
 #632

Yes, this I believe is true. The processing power and network bandwidth that can accommodate a blockchain that can process every single transaction on earth in just a few seconds are already being developed. Expert says that it's only a matter of 15 to 25 years before it's achieved. If that happens, cash may become obsolete.
Kunlejoe0
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November 02, 2018, 10:35:57 AM
 #633

Cash is like water, Human and nature can not done without it. So also is cash though man made, it will continue to be the medium of exchange for unforeseeable future. Having said this, cashless transaction will gain traction and cryptocurrency will be leading in this regard!
Panteleymon
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November 02, 2018, 10:36:44 AM
 #634

About this you can read the works on the socialist models of building a state. But all this, of course, the theory. If you do not take into account the psychology of people. You can create communism (not socialism) on the entire planet, and then you will not need money. But a certain circle of people who have concentrated all the main resources of humanity will never share them, so communism is a dangerous enemy for them.
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November 02, 2018, 10:40:14 AM
 #635

I have a vivid discussion with my friends lately. They say that one day people will forget what cash is and they will start use card only. Then the era of the changed and innovated cryptocurrency world comes, and we will stop using money and switch on crypto coins only. They say it might take twenty or thirty years, maybe longer, but it is a sure thing to happen, they have no doubts about it. I am not so sure... well, people might give up using cash as it is not that convenient, but giving up money as whole? I really really doubt it, it seems so impossible for me. What do you think? Maybe we will start using something brand new, neither cash nor cards? What is the future of the cryptocurrency world, anyway? Will it die in fifty, sixty years or it is going to be a thing that will live forever? Let's dream for a while Smiley
Everything goes well. Cryptocurrency captures the world. Many people have already refused cash, all on cards.
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November 02, 2018, 10:43:07 AM
 #636

We have been moving this way for the past few years already. Today, we mostly use credit cards instead of physical money. Crypto is the next step

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November 02, 2018, 11:24:13 AM
 #637

cash is not the most convinient kind of money. plastic cards, smartphone pay is much more convinients. but htere arizes the question of security. and decentralized cryptocurrency is the answer.

However, cryptocurrencies do not yet solve the issue of convenience, and this is one of the most important aspects of using money. Credit cards do not allow you to carry around a bunch of cash, and transactions on them occur quickly, but there are still few solutions in cryptocurrency that meet these requirements.

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November 02, 2018, 11:29:22 AM
 #638

Yes, you can dream, everyone sees the future in their own way and the crypt, too, in the future may change its value in contrast to today's

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November 02, 2018, 11:38:26 AM
 #639

I have a view, Crypto money will grow in the future, but to replace cash, that is not possible.
the use of crypto money will be used in several things such as when buying and selling online, understanding and other services, for traditional markets will use FIAT money.

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November 02, 2018, 12:02:12 PM
 #640

my  opinion  cash might not be lost or not everyone in the economy understands crypto currensy, not everyone is capable and wants to have a pc or an android cellphone. There are some people who also believe that real money is more flexible .

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