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Author Topic: Can cryptocurrencies make physical money disappear?  (Read 1219 times)
Tylev
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May 04, 2018, 09:43:37 PM
 #301

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
The state in the future will be able to switch to the use of non-cash money. For example, Sweden plans to completely switch to non-cash money by 2023. The state with a highly developed economy and a high income level of the population can do it. It will be much more difficult for ordinary economies and is almost impossible for countries with a weak economy. Among non-cash settlements, there can be used crypto currency. Crypto currency can be used only along with national money. It can not be used as the main currency of the country, since in this case it can disbalance the economy of any state because of its high volatility.
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Yudha2015
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May 04, 2018, 10:06:30 PM
 #302

I think it is impossible. Physical money is the main curencies in the world. Because all the peoples has familiar with them. For digital currencies, not everybody know them, use them for payment system.

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pallang
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May 04, 2018, 10:13:33 PM
 #303

Physical money will not disappear it will stay because not all people around the world know about cryptocurrency especially those countries who are not yet familiar in using modern and advance technologies and don't even know to use cryptocurrency it will be difficult for them sothey prefer to use physical money.

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