Topic: Do you think digital currency will ever replace paper money? - page 53. (Read 11190 times)
December 14, 2017, 07:19:25 PM
If we are talking here about the future years and if you are going to ask my personak answer is yes there is a high possibility thay digital currency will put paper money or fiat out for good. One main reason is that our current generation relies on technological gadgets and plus isnt it good no more paper money no more cutting tress to produce paper money and one scenario you just pay through cards or in online but one main disadvantage and also the reason why this digital currency will somehow not push through because not everyone can avail internet and the luxury of internet.
December 14, 2017, 06:50:46 PM
already now most of all money is electronic records in banks. if you look at china there, almost everyone uses a wechat for payment
December 14, 2017, 06:37:59 PM
Yes. And I think that it will happen faster than many people think. I think this will happen before 2030.
Maybe you're right, I think it's good idea to replace paper money to digital money, I talk about cryptocurrencies here. You prediction about the time it's good as i think because nowdays bitcoin is not known too much around the world, so we should wait some other years, also when we see all the countries of the world have the access for the internet, then we can see this step. 
December 14, 2017, 06:27:53 PM
I don't think digital money can replace real money because not all people in this world are using digital money. There are people who did not and will not use digital money. Governments might also block the over use of digital money but it will not happen if digital money is being legal and covered by the goverenments and the law. I think digital money is a good technology because it helps people make transactions easier but it will be just digital, you cannot use it everytime and everywhere. You need internet and digital devices like cp and pc compared to paper money, you just need your money to make transactions.
December 14, 2017, 06:26:45 PM
Well, I think that paper money should be. People like what you can touch with your hands. Electronic money should be in the form of credit cards at least. Then it will go to the masses. And each state is obliged to have its own currency for without it nothing makes sense. At least for now.
December 14, 2017, 06:12:15 PM
Its hard to say which will take over, because it is a must to use each currency.
bitcoin is virtual currency that can be used to make payment online on various
merchant stores, on the other hand paper/physical money are used mostly everyday for our need and wants.
bitcoin is virtual currency that can be used to make payment online on various
merchant stores, on the other hand paper/physical money are used mostly everyday for our need and wants.
December 14, 2017, 05:57:24 PM
Hello! You know all who use more debit card or another ways pay for service or goods mostly are from rich countries. In poor countries can you imagine that men in Afghanistan can seeking POS terminal to pay for bottle Dom Pérignon. It kill fiat but not so soon and not so fast.
December 14, 2017, 05:32:31 PM
Slowly this is happening, where now in some countries have applied for various payment by using e-money. Of course, it is a transfer from paper money to digital money. however, the balance in the e-money is still using the official currency in their respective countries so that they can not use cryptocurrency as a means of payment. It is because it is still hampered by the rules of the government of each country that has not inaugurated cryptocurrency as a means of legitimate transactions.
December 14, 2017, 05:28:56 PM
Yes. And I think that it will happen faster than many people think. I think this will happen before 2030.
For sure it will be before than 2030. It will be way faster I think. If you would ask same question 5 years ago people would laugh at you but now they also see that is very possible.
December 14, 2017, 05:17:37 PM
Pesonally...not at all time bitcoin will plays major role in all society in the future...Most of the country are using debit card for the payment and I think for the future the bitcoin also was using it for payment but we're also using of our money... Not all people in a nation are rich or can know about bitcoin....just take a look not most of people also here in Phils are using atm, credit cards, most of us are using Phil money for buying some stuffs..
December 14, 2017, 05:05:09 PM
I think not, digital currency and real money should go together. Because they need each other, in the real world we need real money, in the virtual world we need digital currency.
Why not? i think this can quite happen in the future when science technology of human is development so that you dont need paper money for the smallest transactions, all stories will equipped with electronic payment tools when paper money is not necessary anymore. But this can just be done in next 100 years.
December 14, 2017, 04:48:27 PM
Unambiguously change. And for many reasons, because cash really becomes obsolete. The use of digital money should, and already now, simplify the use of them. The main problem with scalability. More services are needed, ready to accept crypto currency as payment.
December 14, 2017, 04:23:52 PM
Yes. And I think that it will happen faster than many people think. I think this will happen before 2030.
December 14, 2017, 04:09:33 PM
It seems that the digital currency will never be able to replace conventional paper money. In life, there will always be different situations when paper money is the best way out and the use of digital currency will be impossible or uncomfortable. Unless in the distant future, when the technology will be so developed that the use of crypto currency will not be associated with the need to have technical devices for such use.
December 14, 2017, 03:45:33 PM
Crypto currency would just take a big part on the future. It would not make Fiat disappear. Physical money is something that a personal country has to represent it's value.
Everybody would be forced to get a digital wallet just to send and receive transactions.
Fiat is more handy to be honest you can pay instantly unlike with BTC's Blockchain the fee is not really stable than the usual fee it does have for it's uers. *The more the people that supports digital assets = Higer demand and price for the whole market.
Everybody would be forced to get a digital wallet just to send and receive transactions.
Fiat is more handy to be honest you can pay instantly unlike with BTC's Blockchain the fee is not really stable than the usual fee it does have for it's uers. *The more the people that supports digital assets = Higer demand and price for the whole market.
December 14, 2017, 03:34:50 PM
yes I am sure that digital money will replace paper money, although it still takes some time adjustment to the world
but we've seen how bitcoin can be accepted by the world community
but we've seen how bitcoin can be accepted by the world community
December 14, 2017, 03:31:33 PM
There's always a chance for it. As the technology developes more sophisticated, the paper money can be replaced by digital currency.
In addition, later if the world is fully filled by young generations who depend their life on the technology, then the digital currency will totally replace paper money. Just wait for that time.
In addition, later if the world is fully filled by young generations who depend their life on the technology, then the digital currency will totally replace paper money. Just wait for that time.
December 14, 2017, 01:37:45 PM
It will be a very long process, as people are just beginning to learn about the cryptocurrency. Now not all people use plastic cards, but it will be harder to believe in the cryptocurrency.
December 14, 2017, 01:12:48 PM
I think yes, if the payment and transaction methods are available online and have adequate infrastructure to do that, then the payment method is not needed anymore. but until then there was a long way to go
December 14, 2017, 12:59:24 PM
I think so, so what the public need to worry about with your country's regulations, as long as people and bitcoin users are getting crowded I think the government will not ban it bitcoin into a means of payment
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