Topic: Cryptocurrency Will Kill Cash ? Is this True - page 23. (Read 4472 times)
Depends what you mean by"kill." If we make sure that cryptocurrencies are not used as a global payment system, in this case, the world government will be able to prevent this. But it is too resource-intensive and will not be justified. IMHO
Hello friend, in short term Cryptocurrency Will not replace Cash but maybe in the future it will replace steps by steps, if the goverment accept to use Cryptocurrency world wide, i think Cryptocurrency Will Kill Cash. Thanks
In some wealthy countries like the ones in europe and north america, cash may possibly replaced by digital money because they had an advanced and well-placed technology that scattered even in the remotest areas. But a majority of the countries, especially in the so called third countries, will still use the cash because the people is not yet ready for cashless transactions and the technology is not yet well in place.
No, I dont think so. If it does it will kill the government in return. We have to balance that. That is why many countries are trying to study how to blend cryptocurrency with the existing legal tender. We cant deny that a Government needs tax to do it's duty and purpose. So we have to see the balance.
It is hard to say that crypto will kill cash because many country banned it and also crypto is need to be stabke their value before it says it kill cash.
This is a very interesting topic. I believe the world is gradually becoming a technological hub. So the idea of cryptocurrency taken over cash is imaginable. Just that a whole lot of work needs to be done to attain that
Don't see cryptocurrency impacting cash that much.
If a good stablecoin comes along, I can see it replacing things like paypal, however... primarily
for internet purchasing.
But that may be a while.
If a good stablecoin comes along, I can see it replacing things like paypal, however... primarily
for internet purchasing.
But that may be a while.
It's an old question.
Nobody knows what the future holds, but given that cryptocurrencies require the use of advanced technology that will never be available to everyone, most likely the cash will continue to exist.
Nobody knows what the future holds, but given that cryptocurrencies require the use of advanced technology that will never be available to everyone, most likely the cash will continue to exist.
Cash isn't dying so easily. Also cryptocurrencies are still at an early stage and there is still time for them to be adopted worldwide and become mainstream. Cash has been around for hundreds of years and killing it will require something huge. Also the biggest advantage of it is that it doesn't require internet to work unlike cryptocurrencies.
Existing cryptocurrencies won't be adopted in place of cash of different countries. Government might bring their own cryptocurrency which will be replacing cash of their own respective country. I agree even if they bring in their own crypto, still physical cash will be tough to completely vanish from the society. Its useless sometimes irritating to pay few pence or cents online, and not always the internet might work properly.
I still highly doubt if digital currency will replace the currency of cash that currently we often use. And only a few countries now accept Bitcoin transactions to be used. And that the State has given the rules about using Bitcoin and this I think Bitcoin very in to limit its use.
electronic money (not necessarily crypto currency) is part of the progress and fiat money will necessarily go away in time.
Cash isn't dying so easily. Also cryptocurrencies are still at an early stage and there is still time for them to be adopted worldwide and become mainstream. Cash has been around for hundreds of years and killing it will require something huge. Also the biggest advantage of it is that it doesn't require internet to work unlike cryptocurrencies.
Well, cryptocurrency will not kill cash because the government owns a central bank that regulates cash or paper money. The government wants to regulate bitcoin or cryptocurrency to change the paper money. It's not easy to do that, many people are using cash every day than a debit card, credit card, and cryptocurrency.
I do not think cryptocurrency will be able to kill any cash in the near future. Because not everyone knows cryptocurrency and even They should have a strong internet connection also because it is required to transact. If it will be used in a developing country then others will not be able to access it due to lack of electricity or internet connection which is the reason why it would be difficult to implement cryptocurrency completely. so I think cryptocurancy and fiat money will still exist and grow.
I think that by the time, yes. The governments will fully disagree with crypto as the main payment method very long time, but they will manage the advantage for them and in 10 or more years it will be only payment which we will have. Noone will use cash anymore.
Until now, the negative is more than good events, the countries that are actively going to meet Cryptocurrency can be counted on the fingers, hindering a lot and is still pleased that the main countries are not drowning the cryptocurrency, they think and can make the right decision. At the moment, there is a decline, then the rise of the market, it is impossible to unequivocally say about the future of the cryptocurrency
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
i guess it's a final destination point of crypto, if we talk about the play behind the curtains. though casg is the most ancient way of paying, so yeah, it will take time 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 cannot completely kill cash. It will only reduce the use of physical cash and over dependence on paper money and the banks. The world will continue to use cash. I don't see it being replaced totally with cryptocurrency.
I think it's impossible in the future. Right now, cryptocurrency only affects the economy, but not really affect our real life. (payments, exchanges,...). Cryptocurrency need a lot of effort to be widely recognized and used.
It is possible that in the future,the cryptocurrency will replace Fiat money. it seems to me that everything goes to this. now cryptocurrency is at the beginning of its development,but wait 10-20 years and it will take its niche.
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