Do you think digital currency will ever replace paper money? - page 36.

Rupok

full member

Activity: 882

Merit: 100

Quote from: lazygin001 on August 29, 2017, 05:24:42 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? Wink

I will agree with you.Technology is a great payback of the country's progress. Depending on the technology, the country is moving forward. I think all the people are connected with the technology. So, from that point of view, the possibility of money change on digital currency paper.

hacking13

newbie

Activity: 182

Merit: 0

There were different types of currency and ways in the old days for trading and buying goods and services that we don't even know of until we visit some museums. lol

Paper currency took over and is still around... for now.

Its a gradual phase. I believe the Digital currency can replace the paper. Gradually, thats happening. just a matter of time and the paper Money might be in extinct.

Time will Tell

sanimsajjad

newbie

Activity: 16

Merit: 0

i think this replacement would be great ,if digital currency will ever replace paper money.

lani123lani

member

Activity: 719

Merit: 10

ORBIS PLATFORM

Digital money can not replace paper money because not everyone can use digital currency, but personally I choose to use both

Theyasirahmad

newbie

Activity: 39

Merit: 0

yes for sure wait for next 5 years Wink

Coinlover9

member

Activity: 224

Merit: 11

It's inevitable.just as the currency has changed over time and is still changing cryptocurrency seems the next step.we are always trying to make payment method easy and safe as well as economically viable.Its my firm belief that we are going in the right direction.

rudox

full member

Activity: 476

Merit: 100

No, There will always be paper money. It will not happen so soon. But there will be more worldwide acceptance of digital money around the world.

Rkss4

jr. member

Activity: 980

Merit: 1

Quote from: lazygin001 on August 29, 2017, 05:24:42 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? Wink

Yes sir, one day global currency replace paper Fiat money.

calvinweight

newbie

Activity: 65

Merit: 0

Yes it will. I am starting coinbook.com which is a bitcoin exchange in the United States. For us, digital currency has already replaced paper money. Our lawyers take bitcoin, our accountants take bitcoin, our developers take bitcoin. We are setting up the entire business mainly using bitcoin. I haven't even seen any paper money since the inception of our business.

ace4549

sr. member

Activity: 699

Merit: 438

In my own understanding and perspective there is a great possibility that it can occur where the local currencies can be replace and dominated by electronic coins in the world trade market.
Therefore it will be a good thing and ease the people's life since there will be innovation happen that contributes a good thing in everybody's future.

Sunnyyy

jr. member

Activity: 118

Merit: 2

I do not think this will happen because. Technical coins can not be used on a daily basis. Traditional coins are still suitable for small payments. And every country needs a penny. I think the government will not let this happen

Willytom

member

Activity: 98

Merit: 10

Digital money will eventually replace paper money. The world is gradually moving into a cashless era and that's one aspect that digital money is good at

greatfariola

newbie

Activity: 69

Merit: 0

I think it might in the distant future.. For now, most of us highly rely on physical cash as it is more convenient and practical especially in third world countries.

icaica22

newbie

Activity: 163

Merit: 0

I am sure we will use digital currency in the future. When our technology becomes more digital, money will follow the technology. Digital money will be the next banknote ..

shalnark

full member

Activity: 196

Merit: 121

In my opinion it will never happen that the digital currency will replace the paper money. Because the word it self digital currency its only work in online investment, online banking, online trading and etc. How come if no electricity? What will I do in digital currency, I think it will not exist without electricity. In fact paper money you can always bring it, where you want, you can give it directly when ever you want.
But the digital currency is working by the help of technology & electricity and not all place you can bring it aside of paper money it can easily bring and use it anywhere. Beside until now there several cointries until now not believe in the cyptocurrencies.

RichPitty

newbie

Activity: 9

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I think it could happen, but it takes a long time and more effort.

Heartseed

member

Activity: 82

Merit: 10

Yes, it is possible but it has low chance of happening. Since it bypass tax so it could result to a lot of work and might lose the purpose of bitcoin. Also for it to replace we should have only 1 government to organize it. So it is not possible since each countries have different culture so uniting it might be impossible.

D3m1r4wanti

full member

Activity: 714

Merit: 102

I am not convinced that digital money will use paper money because paper money has its own market and a large number of users even all people use paper money, therefore I am convinced that digital money can never replace digital money

btccointalk

member

Activity: 336

Merit: 20

This Is possible...I think we will surely use digital currency in the future.

Gatot84

full member

Activity: 188

Merit: 100

I think it would be much better to talk about major countries like the United States, Russia and other first world countries. I do not see any occurrence in third world countries or even poor countries because of poverty, poor people can not even afford to buy much food and basic commodities, let alone mobile devices that can transact with bitcoin. My suspicion that either money or a good crypto currency will be used. If only the digital currency could replace fiat money, and I do not see it happening at this time.

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