Topic: Cryptocurrency Will Kill Cash ? Is this True - page 14. (Read 4487 times)
May be its going to be crypto currency or world "E" currency (like web money or something also) Cash is going to be killed by numbers on the computers and databases. In the next 5 years Its going to happen I think
Encrypted currencies do not guarantee value, and volatility is particularly large, which determines that they can not replace cash. Cash is legal tender in all countries.
The collapse of the traditional financial system is inevitable, it is only a matter of time (10-20 years). Most people in the late nineties did not believe that e-mail would replace ordinary mail and the Internet is just a bubble that will soon burst. Personally, I trust math more than the state, and that future is on blockchain.
It seems your talking about some scenarios in sci-fi movies where all transactions made by just swapping or pressing your fingerprints. Actually, we are in the era where we use 50%cash and 50% electronic payments like debit cards, credit cards and cash cards. We also have this virtual currency where you buy load and pay using QR. Cashless society is actually possible.
I think it will have great posibilities that cryptocurrency will replace cash or increased its transaction than cash because of fast and high profitable transaction payments. But this will take a long period of time to get this happen or maybe 20 years from now.
It seems your talking about some scenarios in sci-fi movies where all transactions made by just swapping or pressing your fingerprints. Actually, we are in the era where we use 50%cash and 50% electronic payments like debit cards, credit cards and cash cards. We also have this virtual currency where you buy load and pay using QR. Cashless society is actually possible.
Crypto is so volatile. As many here, I really doubt it will replace fiat in the nearest future, maybe like in 2077, who knows ... hard to predict anything.
I believe the day where everyone would just use the the cryptocurrency will come, but not now that far in the future if the Earth still persists. currently only certain people who use cypto as payment and other as a place of investment. Fiat money is still very need this time especially to buy our daily necessities.
It will be very difficult to kill cash in developing countries where the percentage of using cash in money turnover is more. For example, small shops accept only cash there
A Crypto does not eliminate the full cash, but it will be replaced several times and over several percent cash and electronic money. And always remembered, that there is a rival that is similar to a digital fiat money. Similar ones such as a visa and mastercard are removing other projects such as hexcash and it becomes more difficult to retrieve items in a cryptocurrency status.
indeed cryptocurrency can technically facilitate everyday life, as in payment if buying something, crypto anyway has security that is difficult to hack, so many people use crypto because of its good security, but that does not mean it will kill cash, because not all countries in the world legalize cryptocurrency, there are several countries that prohibit the use of cryptocurrency, and must use cash to buy something.
it can kill cash for the reason that cash is the most and commonly used... its just a matter of transition from cash to digital cash/coin,, Cash/money is the basic commodity for exchanging good and product and services.. but cryptocurrency will make a BIG impact in trading especially in terms of payment of purchases and other trading activity
Even if crypto gains mainstream adoption cash will still be around for a very long time. Most of the older generation isn't interested in using cryptocurrency so they will continue to use cash. Also, what about places with no internet and little technology? They will be using cash for daily transactions as well.
I don't think it's possible, it takes tens or even hundreds of years to be able to replace cash that has been used for thousands of years. What is still difficult to use is that crypto is very dependent on the internet.
While it seems more like a fantasy. If and that that will change in our life that it will be not fast. This is a whole financial system that has been under construction for years and I do not think that it can disappear in one moment
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
I don't think that this will happen too soon, credit card and debit card was created to lessen the hassle of paying cash, and yet it did not replace cash. I know that cryptocurrency is of different scale compared to plastic money in terms of convenience, but, not everyone is aware of cryptocurrency yet.
I think it is likely to happen but not now since cryptocurrency requires some exceptional qualities before you could get into it. But with fiat everything goes.
I dont think crypto will kill cash because there are still many who don't believe about crypto. So many issues that did not have been resolved yet. So I don't see any reason cash is not needed in any country since most people has a lack of knowledge about the crypto.
i don't fully agree. Both encryption and cash have their own advantages and disadvantages. encryption is suitable for remote payment. But it can't leave the network. cash can be paid face to face. in the absence of a network, cash can be paid.
I am sure that this will happen, but not until 2025. There are so many problems that need to be solved. The main problem is scaling.
I don't really thought so, every country represents their own currencies so if crypto will replaces cash, there will conflict in exchange and representation. Besides, not all are open with cryptos yet. It is better this way, Cryptos value rises up and dropping down, once it is up, the trading in to cash will be better.
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