Topic: Cryptocurrency Will Kill Cash ? Is this True - page 35. (Read 4487 times)
In my opinion is that the cryptocurrency is not intended to completely displace existing systems of cash and non-cash settlements. Cryptocurrency is an additional opportunity for mutual settlements.
In a few years when all the banking and other financial transactions move to blockchain and cryptos, cash may have very little usage.
I think fiat will still be used by developing countries but in the next decade, blockchain technology will control the bank of course and true, the use of fiat money will be reduced for the superpowers country.
Probably Cryptocurrency will kill cash in the long run. The government right now has a lot of issue in global financial economy. They have a trade war. I predict that Gold and Cryptocurrency will be use in the next few years to come. Cash will be obsolete in that era.
In a few years when all the banking and other financial transactions move to blockchain and cryptos, cash may have very little usage.
Crypto currencies are still very new to people and unfortunately it’s trustworthiness is still being questioned by a lot of people. Therefore we still have long way to before we can imagine a world we use crypto currencies instantly instead of cash. I hope we will see new projects which will have better and more practical uses in our daily lives.
In my opinion i don't think its possible for now for the cryptocurrencies to replace the fiat, i mean we still need fiat right? by the end of the day we convert our coins into cash, whether its digital or a physical one, not just that, right now lots of countries are not yet ready to be a cashless society specially in the third world countries. Its possible but surely it will take time.
Cryptocurrency and faint money play different roles in our financial life, while cryptocurrencies are digital and highly decentralized the faint paper money is centralized. Cryptocurrencies serve as a currency for online payments across boundary but faint on the other hand can only be use within it jurisdictions.
I think we are still a long way from the fact that cryptocurrencies really become the dominant choice among the different payment systems that exist today, and in fact I have the impression that current cryptocurrencies are only a first step towards what technology will offer us in the not too distant future, because the bitcoin seems to be still an experimental model in development and I am convinced that much more advanced and fascinating things are to come.
I agree, that we still need more time and more years to wait in order the world will use crypto in everyday life as part of living.
I don't believe that crypto could kill or replace the cash that we are using right now because not all people are having access on the smart phone, technology devices and internet.
Provable a couple of decades from now, everyone will soon be using crypto.
I think that it will not be possible to destroy the cryptocurrency with fiat money. It is not so easy to do. But cryptocurrencies can not throw fiat money back into the past as we need them.
I think we are still a long way from the fact that cryptocurrencies really become the dominant choice among the different payment systems that exist today, and in fact I have the impression that current cryptocurrencies are only a first step towards what technology will offer us in the not too distant future, because the bitcoin seems to be still an experimental model in development and I am convinced that much more advanced and fascinating things are to come.
Crypto as I know that this is the future of our money.
My answer is no, Crypto cannot kill cash or replace it because not all people have the access on smart phones and internet that is the basic requirement for using cryptocurrency.
I do believe that soon there would be cashless transactions and trades between parties and countries but it does not mean the cash or money that we are using since we know how to buy items and foods will be replaced by cryptocurrency.
My answer is no, Crypto cannot kill cash or replace it because not all people have the access on smart phones and internet that is the basic requirement for using cryptocurrency.
I do believe that soon there would be cashless transactions and trades between parties and countries but it does not mean the cash or money that we are using since we know how to buy items and foods will be replaced by cryptocurrency.
Crypto will kill cash but will have to remember that a lot of awareness have to be made on crypto and many people have to know more about it.
Yes it is not easy to replace cash with cryptocurrency and I guess it will never happen. Businesspeople might use cryptocurrency as their transaction tool, but to replace cash into cryptocurrency I think it is a very difficult thing and probably never will happen.
Money has taken a lot of forms during human history, and any time there was a change, it met a lot of opposition from the public and needed a lot of time to be accepted.
Think about the fact that today, even if in some countries governemnt try to eliminate cash just pushing the use of credit cards, there are still a lot of places where to pay with them is very difficult.
(I'm talking about Europe and USA, not about third world).
So, there is still a long path to the replacement of cash by crypto.
Think about the fact that today, even if in some countries governemnt try to eliminate cash just pushing the use of credit cards, there are still a lot of places where to pay with them is very difficult.
(I'm talking about Europe and USA, not about third world).
So, there is still a long path to the replacement of cash by crypto.
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 think that the crypto currency has a difficult future. First, there will be laws that will find a way to limit it, and secondly, you are right. Not many people understand and know what crypto currency is and how to use it
If we think crypto will kill cash then it takes more many years from now. Just from 2017 more people start to jump in crypto. Before that not much people in this market and still crypto people have knowledge of security-related how to use crypto. But still many people don't know about crypto in a good manner. A most important thing, the government of many countries will don't wish crytpo kill cash 
I think cash is already dying, at a very slow rate though, as more and more people prefer to use terminals than carry around cash.
So, in a very long time, I think crypto will eventually replace that, yes.
So, in a very long time, I think crypto will eventually replace that, yes.
While I do not really understand the statement of such experts, as the main priority of crypto-currency is still converting into real money... We'll see..
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
Cash in our time is already a relic of the past. Atavism, which is a rudimentary heritage of the last century, when there was still no Internet. At the moment, there are no conditions that require the existence in the economy of any developed state of monetary assets in cash. Only the lack of the required level of development of financial and technological relations between market participants leads to a forced turnover of cash in the economy. All accounting and global transactions between peripheral banks and the central bank are conducted only on non-cash accounts. And only for the sake of end-users (customers and retail providers of services and goods), non-cash money is converted into cash. Therefore, I believe that crypto-currencies will accelerate the death of cash. Because crypto-currencies simplify the introduction of non-cash transactions into everyday life
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
Yes, cash might be used rarely, but it never means that cryptocurrency will kill it. These are two different things. Some people cannot even understand their life without fiat, the other guys feel comfortable with digital money.
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