Paper money vs Digital currency

[repear7]

I always prefer digital money first. Because, If you need to transfer money to long distance, You have to use digital money for sending money fast. Digital money is problem solver for sending long distance money.

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[Sayeds56]

I always prefer digital money first. Because, If you need to transfer money to long distance, You have to use digital money for sending money fast. Digital money is problem solver for sending long distance money.

Absolutely right. Digital money is transferred faster and no third party is involved that is why transaction fee is much less than transfer through  Traditional banking system. Digital money specially Bitcoin is Anti inflationary because its supply is limited unlike Fiat money that can be printed as much as the Central Banks want. Mass adaption is taking place worldwide specially developed economies. developing countries will also adapt it gradually.

[Spaffin]

Already today, both the banking system and the government are urging people to abandon paper money, completely switching to non-cash payments. But their plans will lead to the results they least want. I believe that this trend will lead to the fact that fiat funds will gradually survive from use and cryptocurrencies will take their place.

[giantrobot]

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?

True to paper money and digital money has different. Money has a stable value and users can rest assured to use paper money to exchange all activities in life. This is not available in digital money. The value of electronic money changes constantly depends on the market. Electronic money is not uncommon in everyone so it has not been used as paper money. An interesting difference is that only new electronic money brings great profits to users. Gradually Bitcoin will master.

[peterpanda]

Actually it is tough to convince people to use digital currency because they are using paper money from the beginning. They are not used to buy sell with digital currency. Time and situation will handle it. We should teach them about digital currency in basic level now.

[acener]

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

We just need to show them what crypto really is then they would decided it on their own,
We couldn't force them if they don't want too but at least we tried to convince them into it.
We all have our choice and free to do what we want so as to those who doesn't want crypto or digital currency.

[hector3115]

The choice is obvious - digital money. I wonder why we still haven't switched to digital currencies completely yet.

[Wawa2013]

It is not easy to convince people who are accustomed to using paper money to be able to adopt digital currency. Especially for people who are old
and do not understand technology, it must be very difficult to use digital currency. But as long as we educate slowly and patiently, anyone should
finally be able to start adopting digital currency. Although it may take a while for a lot of people to start adopting Bitcoin. The key is to be patient
in explaining and convincing people about digital currency, but for people to believe in something new it requires a long process.

[Trinx01]

Maybe you are about fiat currency and cryptocurrency, we already have a lot of thread about comparison for both currency, both are good actually, each currency are good for daily expenses but in different circumstances. Fiat currency will always be the preferred one when talking about daily expenses as it can be used anytime and anywhere we are while cryptocurrency is also good in terms of sending money, investing and trading.

[iTradeChips]

I want to give my 2 cents worth about the issue. I always regard these two as two separate yet important tools in my journey to financial freedom. Bitcoin is a digital asset that can be traded and get profit from it, if you know how the system works. Many have profited from it and was able to convert it to fiat where at that point the fiat is now serving as a tool to buy goods and the services that accepts fiat. Bitcoin still regarded as an asset, is now rarely used as a medium of exchange. Invest and trade smart and you will reap the benefits of Bitcoin profit.

[Rasel5209]

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?

Today world changing. If you saw many people used digital currency. Today you can pay digital currency when you buy and sell. If you want to buy a products on online you need to pay digital currency.

[Ludmilla_rose1995]

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

We don't have to bother convincing people about the adoption of digital currency (crypto). Even though they currently don't believe in using cryptocurrency, over time they will realize that crypto and digital currency are important in everyday life.

Currently, many giant companies and well-known institutions have adopted a lot of bitcoin, which has made many people realize that bitcoin and digital currency are very worthy of adoption.

[amihada]

Actually it is tough to convince people to use digital currency because they are using paper money from the beginning. They are not used to buy sell with digital currency. Time and situation will handle it. We should teach them about digital currency in basic level now.

It is true that it is very difficult to introduce digital currency to other people. I have friends and I advise you to collect digital currency to save for the long term, but it is in vain. My friends do not respond to what I say but now my friends regret seeing the market.

[Sanugarid]

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?

Most people are aware of the existence of digital currency and still uses paper money when buying goods/services. Practically speaking, some people prefer paper money over digital money simply because of its availability and accessibility. What if digital payment is not available? and what if you encounter some problem accessing your digital wallet?. I think those are the flaws of a cashless payment system and its not always applicable to every circumstance which is why most people still prefer paper money over digital money

[Anifisochka]

At present, it is impossible for digital currency to completely replace paper currency. With the development of society, the progress of science and technology, and the reproduction of human beings, people will finally realize the advantages of digital currency and use digital currency more than paper currency.

[krky]

What convince me was that i thought Bitcoin was a 'harder' currency than the USD or EUR. Harder currencies mean more valuable and stable like how the Venezuelans use Bitcoin instead of their terrible Bolivar currency. Examining the differences with western currencies is more difficult but that's what research is for..

[ropyu1978]

bitcoin and fiat currency, which is always a hot debate in this forum,, both have differences but coexist with each other, Bitcoin is a digital asset that can be traded and profit from it, we can exchange bitcoin into fiat currency, to buy our needs ,because in my country they still don't want to accept any purchases in the form of bitcoins..

[Sayeds56]

bitcoin and fiat currency, which is always a hot debate in this forum,, both have differences but coexist with each other, Bitcoin is a digital asset that can be traded and profit from it, we can exchange bitcoin into fiat currency, to buy our needs ,because in my country they still don't want to accept any purchases in the form of bitcoins..

It is true that in many developing countries Bitcoin is not well known and not being accepted to buy goods or services. It is evolutionary  process and as the time goes by it will be adopted on mass scale because it has many advantages over fiat currency. It is faster, less transaction fee, can be carried in a Mobile phone wallet and  is transferred across border within seconds.  

[Obito]

At present, it is impossible for digital currency to completely replace paper currency. With the development of society, the progress of science and technology, and the reproduction of human beings, people will finally realize the advantages of digital currency and use digital currency more than paper currency.

Unless we create an infinite, indestructible, efficient and eco-friendly electical source all over the world, we can't fully adopt digital currency because if we start too early with some countries not having that kind of electricity source, someone malicious can commit financial terrorism by shutting the power grid that causes blackout and it only takes about 1 or 3 days in my opinion to make a country collapse with a crippled economic circulation not to mention some real deaths caused by the blackouts. I think for now, we should focus on making a coexistence rather than taking over because we still haven't solved the energy in the equation to fully take over the old ways in money.

[dataispower]

Different technologies for different people of different financial orientations, to fully accept digital assets as payment we will have to force the whole world to becoming a computer village where every individual is capable of operating their e-wallets and not vehemently depending on anyone to carry out the transactions for them for safety purposes  Where as paper currency doesn't need any much technology to carry out it's due diligence basic mathematics is enough, people can even identify a certain currency by just relating with the people drawn on them. The both serve different roles and the both of them are needed by different humans, the world is fast approaching an area where our daily transactions will have to go digital. Untill then the both can still be serving their individual roles.