Topic: Do you think digital currency will ever replace paper money? - page 28. (Read 11210 times)
January 31, 2018, 08:07:49 PM
Digital currency is not possible to replace paper money because although now many are using the digital money to perform various transactions paper money is still the world's top choice of people to do various transactions because people believe that transactions with paper money more secure than transacting with digital money. Maybe some people have been switching to transact using digital money but I am sure there will be no transfer of the use of paper money into digital money. It is just an option for people.
January 31, 2018, 05:45:15 PM
all money will be electronic. Already get there with payment methods like credit card, debit card, PayPal, and so forth. Most of my expenses are with credit cards, so I use my bank billing system to make payments on credit cards. So I do not use cash unless it is a small purchase. maybe in time there will be a bank that will accept the type of digital currency and not just btc.
Agreed it is new age and people like to use new things instead of only single method for it as payment with money people are now advanced they like changes. It is very easy for them to pay for anything even if they are at home so it is main reason they use bitcoin. it is also proved form start as people are moving toward crypto now and they are getting more involved to the digital currencies than that of paper money.Yes I believe all cash will be replaced by cryptocurrency. I believe that governments will still come out with their own forms of digital currency, however bitcoin and ethereum will continue to gain market share and other payment focused digital currencies like litecoin will also increase
January 29, 2018, 10:38:46 PM
I think this is impossible because digital currencies are not known by too many people now and many of them still do not know the usefulness of digital currency and do not know how to get it.
January 29, 2018, 01:20:57 PM
all money will be electronic. Already get there with payment methods like credit card, debit card, PayPal, and so forth. Most of my expenses are with credit cards, so I use my bank billing system to make payments on credit cards. So I do not use cash unless it is a small purchase. maybe in time there will be a bank that will accept the type of digital currency and not just btc.
Agreed it is new age and people like to use new things instead of only single method for it as payment with money people are now advanced they like changes. It is very easy for them to pay for anything even if they are at home so it is main reason they use bitcoin. it is also proved form start as people are moving toward crypto now and they are getting more involved to the digital currencies than that of paper money.Yes I believe all cash will be replaced by cryptocurrency. I believe that governments will still come out with their own forms of digital currency, however bitcoin and ethereum will continue to gain market share and other payment focused digital currencies like litecoin will also increase
January 29, 2018, 11:30:58 AM
Personally I say yes as our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for different things and it is more effective and instant. I haven't used much physical money in the past 8 years and I rarely had any problems with that.
What do you guys think?
Don't know if replace but definitely will be among it.What do you guys think?
I believe the blockchain is a very smart system and there shouldn't be a reason why we will not use it in the future.
January 29, 2018, 09:50:16 AM
I think there is a possibility.
In fact, other countries were on the process making their
own crypto currency. It will be more centralized and modernized.
It is electronic method.
In fact, other countries were on the process making their
own crypto currency. It will be more centralized and modernized.
It is electronic method.
January 29, 2018, 09:48:23 AM
My opinion this is a thing that will not happen,Because paper money and coins already existed before the virtual coins appeared. Everyone would be more comfortable storing their own paper money that they can feel and grasp But doesn't rule out if it will happen if the government allows it.
January 29, 2018, 09:37:24 AM
i think yes it is possible but only when digital currencies will centralized, in country like India chances of replace paper money is difficult. here most of the people don't know about bitcoin even the digital currency. there are many peoples who use only paper money. i also use digital money and i appreciate it. but country like India possibility is low in my opinion.
January 29, 2018, 09:22:49 AM
all money will be electronic. Already get there with payment methods like credit card, debit card, PayPal, and so forth. Most of my expenses are with credit cards, so I use my bank billing system to make payments on credit cards. So I do not use cash unless it is a small purchase. maybe in time there will be a bank that will accept the type of digital currency and not just btc.
Agreed it is new age and people like to use new things instead of only single method for it as payment with money people are now advanced they like changes. It is very easy for them to pay for anything even if they are at home so it is main reason they use bitcoin. it is also proved form start as people are moving toward crypto now and they are getting more involved to the digital currencies than that of paper money.Yes I believe all cash will be replaced by cryptocurrency. I believe that governments will still come out with their own forms of digital currency, however bitcoin and ethereum will continue to gain market share and other payment focused digital currencies like litecoin will also increase
January 29, 2018, 09:11:12 AM
all money will be electronic. Already get there with payment methods like credit card, debit card, PayPal, and so forth. Most of my expenses are with credit cards, so I use my bank billing system to make payments on credit cards. So I do not use cash unless it is a small purchase. maybe in time there will be a bank that will accept the type of digital currency and not just btc.
Agreed it is new age and people like to use new things instead of only single method for it as payment with money people are now advanced they like changes. It is very easy for them to pay for anything even if they are at home so it is main reason they use bitcoin. it is also proved form start as people are moving toward crypto now and they are getting more involved to the digital currencies than that of paper money. January 28, 2018, 10:32:46 AM
Only when digital currencies will become centralized
January 28, 2018, 08:14:10 AM
all money will be electronic. Already get there with payment methods like credit card, debit card, PayPal, and so forth. Most of my expenses are with credit cards, so I use my bank billing system to make payments on credit cards. So I do not use cash unless it is a small purchase. maybe in time there will be a bank that will accept the type of digital currency and not just btc.
January 28, 2018, 07:50:53 AM
Look at your wallet how much cash is there? Almost all the money on the cards.Look at your wallet how much cash is there? Almost all the money on the cards. Perhaps it is the next round of the development of the monetary system?I fully agree that in the next few years the role of the crypto-currency in the global financial system will increase significantly.
Although many accuse bitcoin and other crypto currency in fraud and consider them "bubbles," but I'm sure that traditional money will disappear in the "digital era" and a period of dominance of the crypto currency will come.
Although many accuse bitcoin and other crypto currency in fraud and consider them "bubbles," but I'm sure that traditional money will disappear in the "digital era" and a period of dominance of the crypto currency will come.
January 27, 2018, 02:17:33 PM
Yes, it may happen since the bitcoin performs excellent in the world trade market therefore there are lots of achievements that they received that may cause a threat to other party.
January 27, 2018, 01:58:46 PM
Digital cryptocurrency will never replace real money, the one that can replace is digital money. Digital money is like real money but it is in the digital form.
Cryptocurrency are highly volatile, this is not good for business because receiving payments in that form gives risk to those establishments. It is better to exchange the crypto money to digital or real money.
Digital money is a good option for payments because we gain convenience with using them. I use digital money and I really apprecite it.
Cryptocurrency are highly volatile, this is not good for business because receiving payments in that form gives risk to those establishments. It is better to exchange the crypto money to digital or real money.
Digital money is a good option for payments because we gain convenience with using them. I use digital money and I really apprecite it.
January 27, 2018, 01:52:01 PM
I do not think it will happen. every country has a currency, both paper and metal and this seems irreplaceable. Not everyone knows about digital currency technology, and not everyone wants to understand about this technology. countries with limited internet access are numerous, and countries that do not accept crypto like bitcoin also exist. So, it seems this is not the time to be discussed.
January 27, 2018, 01:45:26 PM
I might think further if the digital currency or Bitcoin will replace the paper money, there may be a third world war,
Why is this happening ??
whether the American superpower who controls the world with the dollar want to be replaced with Bitcoin..
Why is this happening ??
whether the American superpower who controls the world with the dollar want to be replaced with Bitcoin..
January 27, 2018, 01:34:08 PM
Yes, it’ll replace paper money eventually. Technology is evolving and changing day by day.. so people are getting used to it. I mean, why not, digital currency will be more useful for everyone.
January 27, 2018, 01:28:38 PM
I think digital money is very possible to replace the banknotes because the development of technology is very possible many people strongly agree with digital money because the payment system is very easy.
January 27, 2018, 01:20:31 PM
No. It will not replace the paper money or Fiat, but they can co-exist, let's make comparison of bitcoin to credit card although you can buy, make purchase send gifts, using it by swiping your card or putting your account number on the tab, but the question is some establishment or stores that can't afford or don't have knowledge on the process of using digital money, and they only know is cash.
Situation be like this: as a tourist you found a very interesting souvenirs you want to take home with you but the seller want cash in return, the thing is you only have your phone and digital money, you can't buy the item no matter how you explain digital money to the store owner unless you have cash with you.
Situation be like this: as a tourist you found a very interesting souvenirs you want to take home with you but the seller want cash in return, the thing is you only have your phone and digital money, you can't buy the item no matter how you explain digital money to the store owner unless you have cash with you.
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