Topic: Could a country survive and maintain economic stability if it phased out cash? - page 3. (Read 1145 times)
July 19, 2017, 05:31:27 AM
It would depend on what digital currency that is. If it's something they made (other than the cryptocurrencies we know) I don't think that would destabilize the economy. For example they can just say they're phasing out cash and you can just put your cash in the bank, then it would be sort of digital fiat where you only use your credit cards, etc.
July 18, 2017, 10:44:16 PM
Yes. Crypto-Currency is very volatile, the economy of that country would be unstable all the time, sometimes you would be in the Heaven and then some time later you would be in the Hell... To make the country's economy stable it's necessary a stable currency and I don't know any Crypto-Currency that corresponds to this requirement.
July 18, 2017, 09:40:48 PM
If a country entirely phased out cash and replaced it with digital currency would it become destabilized?
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