Do you think digital currency will ever replace paper money? - page 37.

cutecute

full member

Activity: 378

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

For me yes there's a possibility that digital currency will ever replace paper money because as of now it is so popular and many people are using this for paying some bills. For me it's better if they accept both digital currency and paper money because there's few people that doesn't have a digital currency.

[email protected]

newbie

Activity: 28

Merit: 0

Saying yes or no to this would depend on which region and society I belong from.

In some countries paper money/fiat currency surely be replaced in coming few years, but I can't say the same about the world. Many countries across the world are not that technically educated to use digital currency and they would need many more years to replace paper money.

rontme

member

Activity: 101

Merit: 13

Personally think that no country will bear the legitimacy of Bitcoin as a currency, but also for its credit guarantee, it is not reliable. Therefore, banknotes will not be replaced by digital currencies.

teoco162

newbie

Activity: 84

Merit: 0

I think every country needs a traditional currency.But I am sure this digital currency especially bitcoin will replace the paper currency for sure.Increasing in Investors day to day may make this happen.

syntac

full member

Activity: 338

Merit: 100

I also have thoughts like you. I currently use more credit and debit cards in any payment except for payments that are not currently receiving digital money. I am sure that in the next 10 years the digital money will replace the banknotes in full, but not make the paper money disappear.

yytcoin

member

Activity: 112

Merit: 21

With the development of science and technology, paper money will be phased out, high cost and easy to wear, the development trend of digital cash is the future.

madainfamous

jr. member

Activity: 54

Merit: 10

Yes, there's a big possibility that one day, digital currency will totally replace and phase out paper money. Due to fast changing technology everyone in the future will start considering using digital money more.

skyland999

member

Activity: 213

Merit: 13

Wonderful World

in my country there is no support in the presence of digital currency they forbid it, whereas people have to keep up with the development of modern technology, and they prohibit the transaction using digital money and I think not prohibit it but make it as an alternative payment tool. , and hope my country can legalize bitcoin and other crypto

eldharwp

newbie

Activity: 29

Merit: 0

maybe someday it can replace paper money, it's good right, we don't need to cutdown the tree. i think everything can happen because when we looked in the past we know that we trade using gold then it change to paper. if we were back then we will say the same, how can gold change to paper. right know its the same, it has the possibility. it is possible.

gcckpxm62308

member

Activity: 120

Merit: 21

I think digital cash will one day replace paper money, now more and more advanced technology, people are now using online banking or online payment, collection form, paper money is less and less used.

rodgelampis

jr. member

Activity: 53

Merit: 10

I think the electronic cash is more easy to use ,for the crypto currency as the payment way is too complex.With this possibility, nowadays electronic payment is becoming more and more common. Everyone tends to use electronic payment instead of using banknotes.

IckyYak22871

newbie

Activity: 53

Merit: 0

Quote

Do you think digital currency will ever replace paper money?

This already happened all over the civilized part of the world. Will this happen in less civilized parts? Certainly. When? I don't know, may take some time.

spiderm4n15

member

Activity: 168

Merit: 15

Quote from: yuyuchain on January 17, 2018, 08:58:21 PM

With this possibility, nowadays electronic payment is becoming more and more common. Everyone tends to use electronic payment instead of using banknotes. It is inevitable that digital currency replaces banknotes.

yes i think many people tend to use an electronic payment than banknotes,
sooner or later banknotes will be go away and the digital currency will be the main transaction

adsadsx

full member

Activity: 199

Merit: 100

I think the electronic cash is more easy to use ,for the crypto currency as the payment way is too complex.

Zigzagkuy

full member

Activity: 384

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 do not think that will happen. Paper money is still in need and also used for people who do not know about digital money. In the long run, paper money is still needed for something small.

ungongbuotan

member

Activity: 290

Merit: 10

I think its really up to the popularity of digital currency. If more people will start using digital currency then other people will start to use it as well. Lets face it, the world is a big stage and who ever is popular, others will follow.

yuyuchain

member

Activity: 102

Merit: 14

With this possibility, nowadays electronic payment is becoming more and more common. Everyone tends to use electronic payment instead of using banknotes. It is inevitable that digital currency replaces banknotes.

Johnzky

member

Activity: 616

Merit: 30

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

no its not,paper bills or what we called the physical money will never fade.i believe that bitcoin or the digital money will rise in future in which may be use in major transaction,but remember that it has limited function becaue it needed electricity and internet while the fiat dont

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Quote from: Jenn09 on January 16, 2018, 09:54:09 AM

I think No, we known a place by their monetary also so if all places uses and makes bitcoins as the official money of the world theirs no distinction and the governtment wouldnt have the chance to control the community and the people.

You are right, every country has sovereignty in regulating the currency of the country. So, even if bitcoin is legalized, it will only be an alternative currency that applies globally. Moreover crypto currency is highly dependent on the internet, while offline then it is useless, then fiat is still indispensable for payment system.

HalfDeck

full member

Activity: 223

Merit: 250

Quote from: altcointalk14 on January 16, 2018, 08:13:54 AM

Quote from: Morjana17 on January 16, 2018, 08:10:51 AM

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. Aside in paper money you can always bring it, you can always use it every where you want, you can give it directly when ever you want. The digital currency is working by the help of technology and not all place you can bring it aside of paper money it can easily bring and use it aanywhere.

The mass of people believe that the paper we call money is secured by gold or other precious metals, and that gives them value. At the moment, there is no country that has gold coverage in its currency.Mass reception of a bitcoin by the people will replace paper money.

In the fact, you can not use Bitcoin for everyday. The transaction fees of Bitcoin is higher than the demand of user to pay small bill. You will need to spend 50 dollars for lunch in restaurent, but that amount is higher than total costs you need to pay the bills in this meal.

Topic: Do you think digital currency will ever replace paper money? - page 37. (Read 11210 times)