Topic: Do you think digital currency will ever replace paper money? - page 38. (Read 11210 times)
Look around you. Digital currency has already started replacing physical cash (by digital cash, I mean VISA/Master/Paypal as well as Bitcoin). For my part, I am using credit card or mobile wallets for more than 99% of my shopping. So it has already happened.
Someday in the distant future there will be a replacement of paper money by electronic or digital. But in the near future this will not happen.
Digital money technologies have not yet been fully developed and studied. Sometimes it seems to me that bitcoin is a large-scale experiment
to test the suitability of digital money in the modern era.
Digital money technologies have not yet been fully developed and studied. Sometimes it seems to me that bitcoin is a large-scale experiment
to test the suitability of digital money in the modern era.
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.
this is already happening, where it is noticeably more to the extent that somewhere in the lesser
I am sure that the presence of digital currency or cryptocurrency will sooner or later replace paper money, the evidence is the decrease in cash transactions using paper money so that it becomes a strong sign of paper money disappear soon.
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.
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.
Yes. That is possible. In fact, there are already many countries, including the Philippines, that use mobile phones to pay for their bills and buy stuff. In addition, using digital currency instead of paper money saves a lot more resources which is efficient for any country.
With such a rapid growth in the popularity of Crypto-currency, I am sure that in the next few years they will completely displace cash.
In the case of uncontrollably high inflation, continuous printing of money will lead to a complete depreciation of the currency and its death as a result. But in the case of the global financial crisis, it will be the crypto-currencies that will mitigate the consequences and become the only alternative to fiat money. This will happen because the Crypto currency is decentralized, not under the control of the states and is regulated by the natural balance of supply and demand:
It is the digital currency that will become the next step in the evolution of money.
btc is a currency but its not a replacement 
Because of the advancement of technology, I think in the near future, BTC will dominate paper currency. BTC only needs to have global acceptance for this to fully happen.
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?
Yes i agree. Since we are now living in a modern technology wherein most of peoples activities are all done electronically/digitally. What do you guys think?
maybe ,its posible too but not that easy .. cz not evry ppl has same lifestyle and economy..
no
Pretty close poll votes, but I think it is a possibility if the govt allows businesses to accept or transact in Crypto coins. Take Japan for example, the country is technologically advanced which means the majority of the people there have mobile internet AND their govt allows its businesses to accept Bitcoin.
Yes there were a big potential that bitcoin will replace paper money.As we can see nowadays, technology becomes one of the people needs.And as we all know, bitcoin is a digital currency that can be access with the help of technology.But still paper money will live for a long time still.
No, Yes bitcoin have a very high value as of now but I cant see bitcoin replacing paper money in the near future because surely not everyone will accept bitcoin so does the government
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?
Sure, virtual currency will gradually replace paper money in the future, now the world is growing very fast and the present century is the era of technology, the virtual currency is gradually used to popular transactions. What do you guys think?
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?
I dont think so. Maybe yes because cryptocurrency has its own volume also maybe when that volume of tokens will raised more and more so it has possibility to produce and to sell more tokens but i still dont believe that bitcoin will be defeated by other cryptocurrency. What do you guys think?
It will never replace a real currency for the simple fact that it is more difficult to manage and certainly much less traceable. Furthermore, not all people are within reach of knowing what a digital currency is. Maybe in a not too distant future ... let's say in thirty years
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