Paper money vs Digital currency

[ilovealtcoins]

Digital currency offers a better experience and a more secure feeling in today's information technology age. Everyone has a mobile device so adopting digital currency is the right direction. Another thing is that online shopping and the COVID-19 pandemic reduce the use of cash so the use of digital currency is increasing at a faster rate.

I still appreciate paper money because in some cases you cannot use digital currency as tip, buy small valuables.

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[verita1]

The population is misinformed because governments are not open to these technological advances because they know that centralization is not involved. Government entities and banks do not have control over bitcoin and cryptocurrencies and that is why they do not agree to make them participate in their economies.
It is a wrong idea, we know it, we have advanced a little proving that technology can work in its contribution to the economy.
I think it is on our side to teach from our environment (family and friends) to learn to participate in the world of cryptocurrencies.
I am starting in the simplest way with the empowerment of my relatives because they do not have a phone and it is a basic tool to start with crypto.
My plan is to help buy a phone for each of them who are four relatives and that they can enter the world of cryptocurrencies.

[gundala]

The population is misinformed because governments are not open to these technological advances because they know that centralization is not involved. Government entities and banks do not have control over bitcoin and cryptocurrencies and that is why they do not agree to make them participate in their economies.---

it is an anticipatory measure from the government to protect its economy because we all know that no one can really control cryptocurrencies, so it is a precaution to minimize the worst. in addition, not all countries completely prohibit cryptocurrencies, only limiting them as a means of payment, but they can still be used as investment tools and trading commodities.
and between paper money and digital currency, we can all use it without needing to debate which one is better. both have their respective functions and advantages.

[Charot12345]

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?

I think we don't have to convince them to use digital currency. People are already starting to adopt it or used it. Digital currency is starting to take over paper money especially during this pandemic. Also, most people are afraid to go outside so they tend to use digital money to buy goods. The technology is moving fast so we need to adjust to keep on track. But still, even though many people are using digital currency doesn't mean they don't need paper money. What I'm telling is, we dont' need to convince them because they will adopt it themselves.

[KaliLinux]

Gradually, of course people will be more familiar with bitcoin, bitcoin will show its best side and it is possible that bitcoin can be well accepted in the future because of its increasing popularity so that it can have a positive effect. However, this is like an alternative currency that still has advantages over its characteristics, although it will not replace paper money, but it will accompany or complement paper money in general, which both provide benefits.

I believe that should be the takeaway in all this paper money vs digital money thing. Even though digital money e.g (cryptocurrency) which I believe is in question here might sound great but in all sense, I don't see it overshadowing the paper money even if it is only because of the government's view to it. Great adoption will be there but as you mentioned, it will mostly be as a complementary currency to the existing paper money anywhere.   

[LongStand]

You can make payments considerably faster with digital currency than you can with paper money which can take several days. Digital money is more reliable and safer. Digital money is available in digital form while paper money is available in physical form. digital currencies are decentralized whereas paper money is centralized.

[Ludmilla_rose1995]

So, how we  convince the peoples to adopt digital currency?

One way for digital currency to be adopted by the public is by campaigning positive things about digital currencies, especially cryptocurrencies. Because basically fiat currency and digital currency (crypto) also have similarities. that is, both are acceptable because trust functions as a medium of exchange.

Fiat currency is believed to have value and is trusted as a medium of exchange because it is issued by the government. While crypto, although not issued by the government, more and more people believe it has value, and as a medium of exchange. For example, Tesla, which once bought bitcoin, and discussed accepting payments in bitcoin for the purchase of its production vehicles (though not now) while still subject to regulations in each country, which are still limited to date.

[ilovealtcoins]

Digital currency offers a better experience and a more secure feeling in today's information technology age. Everyone has a mobile device so adopting digital currency is the right direction. Another thing is that online shopping and the COVID-19 pandemic reduce the use of cash so the use of digital currency is increasing at a faster rate.

I still appreciate paper money because in some cases you cannot use digital currency as tip, buy small valuables.

I have to admit that it is very safe to use digital money now, but unfortunately in my country especially my city peoples more like paper money than digital money, maybe only for paying tolls and shopping at big malls, I use paper money every day because it is more practical and faster than digital money that must need bank registration.

Paper money is easy to use and doesn't depend on any conditions, I still use paper money often but in the future people will definitely like cryptocurrency, digital money. That is the future trend based on what I said in the above comment. Currencies will exist in parallel without any competition.

[breathlessz]

Digital currency offers a better experience and a more secure feeling in today's information technology age. Everyone has a mobile device so adopting digital currency is the right direction. Another thing is that online shopping and the COVID-19 pandemic reduce the use of cash so the use of digital currency is increasing at a faster rate.

I still appreciate paper money because in some cases you cannot use digital currency as tip, buy small valuables.

I have to admit that it is very safe to use digital money now, but unfortunately in my country especially my city peoples more like paper money than digital money, maybe only for paying tolls and shopping at big malls, I use paper money every day because it is more practical and faster than digital money that must need bank registration.

Paper money is easy to use and doesn't depend on any conditions, I still use paper money often but in the future people will definitely like cryptocurrency, digital money. That is the future trend based on what I said in the above comment. Currencies will exist in parallel without any competition.

Paper money is familiar and legalized by the government, so it is flexible to be used anywhere, even to small shops, all people can accept it, in contrast to digital currency which can only be used in certain places. Therefore, the use of paper currency is still the main choice in transactions, although currently many people are reducing the use of paper currency due to the pandemic.

[Easteregg69]

You have some paper money ready for the moment is only applicable.

For drugs and shit..

[skarais]

I feel it is not our responsibility to convince the public at large to use digital currencies (including cryptocurrencies) in their daily live. Over time, the digital revolution will touch the wider community so that future generation will be quite comfortable using it in their daily live. The government and its banking system are also thinking about the best solution for using digital currency over paper money. Regardless of whether they want to adopt cryptocurrency or not then I think they have a desire to increase the use of digital currencies in the future.

[qwertyup23]

This question has been answered several times already and the answer is the same. Paper money would still be relevant in the years to come since it has been widely acknowledged by all countries as the main form of legal tender. While there may be countries that still practice 'barter system' of transactions, fiat is still the main currency which is used in all transactions involving payment.

Digital currency, on the other hand, will be the next generation of transactions in the FAR future. Since underdeveloped countries struggle to adapt technologically, they are the ones who would be hindered assuming that most developed countries shift to the idea of implementing digital currency.

Bottomline, both have their own respective use and convenience but its wide scale implementation will happen in the far future.

[nicecrypto]

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?

I dint believe that anybody needs to be convinced. When Bitcoin gets to that worldwide adoption if it will get there, everyone will naturally follow the part. People that understand Bitcoin now are the ones that are currently using it the way they see best, some still don't see it as a currency even when they trade it as just an asset. However, when the time comes, it will naturally work out instead of convincing people.

[marissa23]

paper money and digital money are equally important, many are hunting for digital money to be exchanged for paper money if you choose to invest in the long term digital currency is the right choice but if you save in the short term as savings it is better to save it in paper money.

[Mr.sprin]

paper money and digital money are equally important, many are hunting for digital money to be exchanged for paper money if you choose to invest in the long term digital currency is the right choice but if you save in the short term as savings it is better to save it in paper money.

I agree with you that digital currency and paper money are both important, right, but I think, for now, many people believe in digital currency because digital currency can get tremendous benefits compared to paper money.

[haasanjui]

Paper money is old and traditional money it is not safe it can be steal robb but digital currency is not like this it is modern Currency it has privacy and password if you remember it you never lose it and it is modern time you can trade and earn in digital currency and if you forgot your password you can recover it by verification.

[germsite]

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?

Are you confusing the word paper money with fiat money in general? Paper money, like notes, do actually have a very important characteristic. It is not traceable and allows you to stay private and make transactions for goods and services you rather want to keep a secret. That can be many things, with lots of them having nothing to do with illegal activities. Fiat money in a bank account is probably the worst. Bitcoin, once your ID got attached to a Bitcoin address, is probably even worse than fiat in the bank account.

[goldade]

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?

I am glad you took the necessary time to highlight the various differences between paper money and digital money.
As much as digital money has more advantages than paper money, it is still not widely accepted simply because it cannot yet be used to carry day to day transactions. Trust me, it is until digital money can be spent in all stores that it would become universally adopted.
However, the rate of adoption is ever increasing and it wouldn't be long before digital money becomes the norm of the day

[stomachgrowls]

A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?

I am glad you took the necessary time to highlight the various differences between paper money and digital money.
As much as digital money has more advantages than paper money, it is still not widely accepted simply because it cannot yet be used to carry day to day transactions. Trust me, it is until digital money can be spent in all stores that it would become universally adopted.
However, the rate of adoption is ever increasing and it wouldn't be long before digital money becomes the norm of the day

How can we consider on not to call digital money in using our Debit/Credit card for ages as of this moment?

Digital Fiat/Digital money is just the same and talking about trying to get rid with Paper money then it would be somewhat on the impossible side of things unless if there would be some implementations but it is really

hard to believe that there would be some total switch up because we know on how paper money is important on some transactions that cant really be done by digital or not really that convenient compared on using
paper fiat.

Lets see on how the future holds and how monetary system would look like.

[DarkDays]

paper money and digital money are equally important, many are hunting for digital money to be exchanged for paper money if you choose to invest in the long term digital currency is the right choice but if you save in the short term as savings it is better to save it in paper money.

I agree with you that digital currency and paper money are both important, right, but I think, for now, many people believe in digital currency because digital currency can get tremendous benefits compared to paper money.

I agree. Both are important but the trend for paper money is becoming less desirable in settling payments. When was the last time you paid in cash (i.e paper money) for a car or a house? See? These types of larger purchases still rely on digital money (which is still fiat but in digital format with just zeros in each other's bank accounts) right?

In terms of wealth preservation crypto has definitely put a spin on things, needless to say that many are now turning to crypto - the real digital money over fiat because it is way more manageable and transparent.

Oh, I can't wait for the day when crypto payments become the norm.