Topic: Does this mean Cash will be extinct? - page 14. (Read 14866 times)
In some developed countries it is possible to replace cash with virtual currency. But in developing countries at some people very difficult life therefore there are problems with access to enciphering. Therefore, in my opinion, cash won't disappear.
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?
https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
I do not think that my country will allow to have a cashless society because our government official it will consider the people who can't afford to have a smart phone. And physical money is one of important thing in buying and selling in the market and its not simply will vanish.
A cashless society - in the sense os Swedish one - is the dream of any dictator, as it means absolute control over population.
It's the exact opposite of a decentralized coin as bitcoin.
It's the exact opposite of a decentralized coin as bitcoin.
I think I can also apply payment by scanning QR code over phone. And in almost a few years, we really do not need the cash because we have digital money
Maybe this will happen when other countries do the same. Other payment methods will be applied such as credit cards, ATMs, debit cards and pay by phone. Telephone payment methods are used by mobile manufacturers such as Samsung, Apple, etc. It is a new, fast and anti-theft form.
After I buy Blocknet shares with let's imagine, Turn invisible, will the primary revenue be originating from Turn invisible? If so, is it best to buy shares with multiple coins?
I think how they do transactions in the physical market to buy or sell goods just to live? this idea does not make sense. paper money is also important and I think more countries will not follow if that happens.
to face all fiat money in one country is not necessary, what about anyone or anyone who can not afford gadgets and provide internet connection, how they live.
Maybe it will happen in 2030. Technology now makes payments have started switching using ATMs, credit cards, and using other token that is recognized in a country respectively - each. And maybe Bitcoin one of them as a means of payment that already exist in some countries that recognize it. From the above explanation proves paper money will be extinct. Hoping the technology spread evenly around the world in order to feel easy to transact wherever and whenever.
In this case, Sweden is more prepared than any other country still dependent on cash. About efficiency and budget reduction, they will be very effective, the applied technology is capable of spreading for fiat and crypto currencies. I also have a strong view about the use of bitcoin in the future, but it is necessary to increase the legality to anticipate the chaos that will occur.
Maybe it will happen in 2030. Technology now makes payments have started switching using ATMs, credit cards, and using other token that is recognized in a country respectively - each. And maybe Bitcoin one of them as a means of payment that already exist in some countries that recognize it. From the above explanation proves paper money will be extinct. Hoping the technology spread evenly around the world in order to feel easy to transact wherever and whenever.
For my opinion, cash won't be extinct for some reasons such as not all people have debit or credit cards lots of people used cash in transascting important matters. Also, there is a study conducted by the Federal Reserve Bank of San Francisco in 2016 showed that paper currency and coins are still the most common form of payment. I know some people commonly used credit and debit cards because these are faster and more convenient but thwy also come wiht fees during transaction and fees depends on the value they transacted. These fees are easily quantifiable, but retailers should consider the hidden cost of card-only purchases. At this days, I know people embraces electronics inventions that have capabilities to transact but we must take not for others especially to other countries who haven't tried those inventions even a single of time. Also, I know these days called as Modern days but we must always consider the Old people days that must look after. So, for me cash will not be extinct.
I dont think that cash is we will be extinct in this world, even now or even in the future, we all know that there are many cryptocurrencies that is blooming and definitely bitcoin is the best but eventhough there are many cryptocurrencies it will not extinct cash because cash is all people needs.
The use of cash has been around for thousands of years!
The financial order of many countries is supported by cash!
Digital cryptographic currency cannot replace cash in the short term, but in the long run, digital cryptocurrency is a substitute for cash.
The financial order of many countries is supported by cash!
Digital cryptographic currency cannot replace cash in the short term, but in the long run, digital cryptocurrency is a substitute for cash.
Personally I will not accept that things happen because it only worsen the economic state of a country. Indeed later we will face the digital era but that does not mean if the cash will be totally extinct. The use of cash in daily activities is very useful also for real world interaction as well.
I dont think that it is possible that cash will be extinct now, but maybe in the future it has chance that this world will be used digital currency, but for sure it will take for more than 50 years befoe cash will be extinct or the cash will only extinct if all people in this world will used digital currency.
The entire world is gradually going digital in all aspect. i can see physical cash going to extinct with the rapid growth in cryptocurrencies and enlightenment that is on going. also the considering the fact you can now do transaction online using bitcoin without rigorous act one go through in the bank
Chances of cash going extinct soon are very low. There are still under developed countries where technology hasn't been advanced yet and has no idea how the internet and modern networking works
I think fiat will be around for a long time. It takes decades at lead to face it out. And old people are still used to it.
Cash will never die out as long as people use it. Bitcoin is still weak, it should grow to 40 thousand at least. But it won't be soon...
nice idea, but not in our lives... 
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?
https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Sweden can and will be able to switch to the use of non-cash money, there is a fairly high standard of living and income of the population. However, those countries where low wages and other related problems can not follow its example will not be able to follow suit. In these countries, cash can not be dispensed with, not everyone will have the opportunity to use cashless settlement, that is, in most countries the transition to the use of non-cash money is not yet possible. https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
It is very good news , because I think instead of caching, it is best to use a cryptocurrency. Cryptocurrency will not be depreciated. It's not a quicker transaction and it's very easy to use.
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?
https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
There is a huge chance for cash to be extinct in the future since most of the people today are investing their money on cryptocurrency more than placing on banks since the growth of bank companies are really slow and you cant get rich immediately.
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?
https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
There is a huge chance for cash to be extinct in the future since most of the people today are investing their money on cryptocurrency more than placing on banks since the growth of bank companies are really slow and you cant get rich immediately.
I think there will always be some kind of cash. I would not like to see only electronic payment means in existence. Imagine someone blocking all your bank accounts if you for example don't agree with official politics or some other stupid reason?
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