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Topic: Cryptocurrency Will Kill Cash ? Is this True - page 31. (Read 4487 times)

full member
Activity: 302
Merit: 100
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Cash is still very much needed in places where cryptos cannot be used. A lot of crypto investors believe that cryptos will take over cash but I don't believe in it. They will keep existing side by side like they do now and the people who understand cryptos well enough to do it will use it while others will stick to cash, no harm, no foul. Cryptos are just way to volatile to be used as the main legal tenders everywhere which is why we need cash.
newbie
Activity: 154
Merit: 0
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
member
Activity: 203
Merit: 10
In my opinion nothing can kill cash even cryptocurrency because unlike cash, cryptocurrency can be scammed in just a snap and for using it it needs internet and devices
full member
Activity: 644
Merit: 101
This situation is quite likely, because it seems to me that in the near future all the same people will be able to do without fiat money, because the money is by and large infinite, they are not controlled in any way, it seems to me that this is more damage than something good, at the same time many people simply steal them without any difficulties.
newbie
Activity: 25
Merit: 0
Cryptocurrency will never replace cash. There will always be a lot of cases when it is more convenient to pay for goods or services with cash. This is not just buying something in the store, but also, for example, beer money in a restaurant.
sr. member
Activity: 660
Merit: 250
Maybe Cash and cryptocurrency could use both in the future. To think that there are countries especially in rural area or remote places that they don't even use cellphones even tribes in the provinces the can't adopt gadgets so in a way they use money/cash to purchase item on the market.
newbie
Activity: 82
Merit: 0
First of all, before crypto currency could kill cash it needed to be accepted worldwide. As it's happening until now, bitcoin still struggling  it's existence in some other country due to the outright opposition of the government, while other country may accept bitcoin the government will suppressed it's development that will cause a much slower progress in it's future advancement. So killing cash through crypto currency is hardly likely, at least, not in near future.
jr. member
Activity: 266
Merit: 1
I don't that cryptocurrency can kill cash. It might only supercede fiat currency in terms of using it for online transactions. Many underdeveloped countries are lagging behind in cryptocurrency and thus do not accept cryptocurrency as a means of payment.
hero member
Activity: 2282
Merit: 659
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I’ve read one news article a few days ago that it is a possibility that Bitcoin and other cryptocurrencies would replace cash in 10 years or more. I know that’s still a long way to go because it was not massively adopted yet by a lot of people around the world. We are still in the early stages, so we are fortunate to decide in gettng to cryptocurrency rather than regretting it after a few years when the value goes high.
newbie
Activity: 26
Merit: 0
This is can be happen but need long times because currently many people does not know what is cryptocurrency and how does it work. Just for example in my village many people dont know what is Bitcoin and how to get and use it, the adoption of crypto still many barrier so very difficult to replace cash with cryptocurrency.
newbie
Activity: 128
Merit: 0
For all these cases, it isn’t the form of money that matters but the functions it serves. In every way cryptocurrency has huge advantages over paper money this is why it will ultimately dominate all other forms of exchange.
newbie
Activity: 77
Merit: 0
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

Yes, actually I already saw a company advertising that they will use crypto to help make their project possible. I think that's a bright idea since transactions in crypto are way easier and faster. Yes, I still do think that cash is still hard to throw out of the picture because some countries aren't still approved to this kind of system and that will make transactions to these countries harder if cash will be killed. But in my opinion, crypto will be a great innovation in the future if it'll be improved and understood better by many. I hope they will see the advantages it would bring.

I think you will need cash to buy Crypto so they both somehow work together. Also, crypto value is also based off of fiat. So it may take a while before cryptos completely eclipse fiat in my opinion.
member
Activity: 234
Merit: 15
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

Yes, actually I already saw a company advertising that they will use crypto to help make their project possible. I think that's a bright idea since transactions in crypto are way easier and faster. Yes, I still do think that cash is still hard to throw out of the picture because some countries aren't still approved to this kind of system and that will make transactions to these countries harder if cash will be killed. But in my opinion, crypto will be a great innovation in the future if it'll be improved and understood better by many. I hope they will see the advantages it would bring.
sr. member
Activity: 1624
Merit: 315
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It might turn into new form of cash in future! Wallets like pay-pal, paytm couldn't cut down cash completely even though they have been running with full pace for all these years. Although, cash payemts did reduce to quite an extent, it didnt become extinct. So i feel cryptocurrency will follow the same trend or it might transform itself in a new form of cash!

Crypto currency is an alternative form transaction without FIAT money. Decentralized traction globally, adopted by growing investor on the crypto trading market, and almost all advanced country is looking into adopting this form of transaction, they are now talking about on how to better regulate the crypto currency transaction as it global acceptance is growing each trading market. We can see the transaction using crypto each day, a lot of crypto investor participate on the trading market. The phenomenal entry of crypto market trading is unstoppable. Once the issues on Banned, Scammer,Regulation are address, we can say by then, people are would opted to use Crypto instead of FIAT.



jr. member
Activity: 294
Merit: 1
If we talk about cash, then my opinion is that in a few years they will simply not be!I think that ATMs will disappear.They simply will not be in demand.We have already entered the era of digital money.Yes, many people are afraid of computers, and especially digital money.But it is their own business.The mechanism started and already this edifice can not stop.So, how soon we will be able to use only digital money.
sr. member
Activity: 472
Merit: 250
lux8.net
First of all everyone of us in cryptocommunity need spread a knowledge to people about crypto.
Not in a term of fast and easy enrichment, but about possibilities and advantages of crypto currencies.
And when people start use it more and more, we'll see significant changes.
member
Activity: 336
Merit: 10
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 seems to me that this is not true,because paper and iron money will not be able to bend under the usual pixel numbers,which can disappear in one click
member
Activity: 224
Merit: 10
I think that will happen in the near future.
The future of cryptocurrency markets is good, as cash usage is falling. Grin
full member
Activity: 350
Merit: 100
I think it will take a very long time before it happens. And I'm not talking about cash now, i mean fiat. As for cash, governments of many countries are already actively trying to limit the use of cash, and I think they will manage to do it.
sr. member
Activity: 644
Merit: 261
I’m not sure crypto currency can kill cash
They are 2 different entity and no matter how crypto currency and Blockchain grows; it is difficult to extinct cash
Cash is the way of life either credit card or debit card, and that is why you can buy crypto currency and altcoins with money from your cards

Hopefully the healthy relationship between cash and crypto currency will be maintained and the future will be a very successful one too

I do believe too that cash will not be eliminated because the world is not ready for an exclusive digital currency. If only the internet connection can reach even those far away places then there wouldn't be a problem but then there is a problem even when it comes to electricity so a digital currency is useless for them. I think crypto and fiat will co-exist so that people will have multiple choice in terms of payment.

I think this will not happen at least in the next 30 years because people can not just take and switch to electronic money, this is a very complex process that requires not only a lot of time but also a lot of other  Roll Eyes

It may happen in the next 30 or 60 years. The millennials are the ones who are active when it comes to technology so I think when the time has come for the baby boomers in which the seniors are already the millennials then during that time, maybe we already have a cashless society.
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