It's ridiculous to say that crypto will kill cash.
Why would it?
Because the world is becoming more and more paperless?
We already have credit cards and electronic pay solutions for that.
And tell me, name one advantage that crypto has over these that makes its everyday use worthwhile.
Hint: there is none.
Blockchain is more time consuming, energy innefficient, and expensive to use.
I imagine one day we will get to the point of something like nano, or iota where it is fast and has no fees.
But for now, there is no way.
Also, wouldn't it be more reasonable that both will exist?
Topic: Cryptocurrency Will Kill Cash ? Is this True (Read 4431 times)
I believe that cryptocurrencies are called to play an important role in the economy of the future, but I still do not see the potential to completely displace the use of fiat money, as this is the only system that the world has known for many centuries and is unthinkable the world is ready to change this reality overnight.
Therefore, it is more likely that cryptocurrencies can become an efficient payment system, but they will have to live for a long time, perhaps forever, with fiat money, metals and many other things that man has used as a store of value, medium of exchange or investment.
Therefore, it is more likely that cryptocurrencies can become an efficient payment system, but they will have to live for a long time, perhaps forever, with fiat money, metals and many other things that man has used as a store of value, medium of exchange or investment.
I think cryptocurrency won't kill cash. Of course, maybe most part of people of future will use it, but there still will be part of people that won't accept it.
Of course it will be happen in near future because people are taking more and more interest in crypto currency and is is available all over the world easily.so it can happen in near future.
Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
It seems to me that both of these systems will function in parallel. Cash will be used for a long time. I hope that crypto will be actively introduced into the financial system. I am sure that there will be many difficulties, but we will inevitably come to this.
Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
We share the same view, not all the people are in the same situation we are in fact majority don't have access to the internet especially those, in third world country it's impossible to kill fiat we still need it, whether we like it or not.
An absolutely correct remark, because today nacilichny money just start to disappear, all foreign exchange transactions today are carried out through electronic payments, which are registered in very large servers.
Yes it is true. Crypto currencies will change the understanding of payment systems and it will come, when the crypto space will become mass adopted. But we need more products, that are actually work and than it will be awesome.
Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
Well you never know these coins can really benefit you a lot. Cryptocurrency is a very good medium for earnings. I am using Paragon, Power ledger, Ripple are my favourite coins. It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
Fiat will not be extinguished fast because, most people are confident transacting with physical money. they prefer seeing a money that they can hold rather than transacting with numbers on the screen. Millenial generation are the ones who can use cryptocurrency because they are very familiar with how it works. It will be very difficult to teach such a fast paced technology to olden generation simply because this technology is so complicated and way too technical.
Fiat will always be a preferred choice for many because this is considered as a part of life. fiat cannot be made obsolete.
I agree that Fiat money will stay afloat for a long time.But you need to understand that the state should bring the crypt to the masses through the media.But this is not happening because governments have not yet found a way to subdue the crypto. Fiat will always be a preferred choice for many because this is considered as a part of life. fiat cannot be made obsolete.
Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
In some country it can be done like Europe or USA but for the world it takes a lot of time to adapt this cashless system. First reason is simply technology wise most of third world country internet is so slow and infact some region still don't have access to internet yet. That's why for me its difficult to abolish or kill fiat currency.
Fiat will not be extinguished fast because, most people are confident transacting with physical money. they prefer seeing a money that they can hold rather than transacting with numbers on the screen. Millenial generation are the ones who can use cryptocurrency because they are very familiar with how it works. It will be very difficult to teach such a fast paced technology to olden generation simply because this technology is so complicated and way too technical.
Fiat will always be a preferred choice for many because this is considered as a part of life. fiat cannot be made obsolete.
Fiat will always be a preferred choice for many because this is considered as a part of life. fiat cannot be made obsolete.
I think it is not like killing the cash, but its like an innovation and a faster and more convenient of payment. Some ico project right now has that concept, bringing more easier to pay using a digital currency. But I think it will never be approve fast due to some laws in the country.
Crypto is great option for international operations and for anonimous transactions. When it would become easier to obtain some crypto, cash is dead.
cash won't die because governments control their countries through the money. cryptocurrency could take a part of the market but not the entire market.
It can be in the future. I believe crypto currencies will kill cash in the future. It can be in next 30 or 40 years. Surely people need to time for that.
We can not change the fiat to cryptocurrencies only in one day or one year. But i definetly sure it will be happen in the future. No doubt about that.
We can not change the fiat to cryptocurrencies only in one day or one year. But i definetly sure it will be happen in the future. No doubt about that.
Cryptocurrency and blockchain is a great innovation and I see that it will really go far because it serve as payment solution. Despite the technology behind blockchain, I don't really see it as a killer of cash but it has come to provide solution to a lot of financial problems.
Crypto is great option for international operations and for anonimous transactions. When it would become easier to obtain some crypto, cash is dead.
Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
Only if they will be comfortable enough in terms of use. People still use cash because it has huge list of advantages, so when tokens will have them, they will be more popular.
Several decades ago nobody believed that it would be possible for bank cards to kill cash, but they have made it. The same statement could be true for tokens.
Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and6 many businesses will opt this for fast transaction
It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
Cryptocurrency and cash or better still fiat, will both serve their respective purposes, which is why one cannot annul or eliminate the other. It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.
Whats your view about this
Even though crypto can serve the purpose of cash, yet it not everyone can use it.
Jump to: