Does this mean Cash will be extinct? - page 4.

icecream sandwich

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 AM

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

If that is what you called it then yes they will be extinct but for me the right term is just they will be replaced because they are gonna be still here maybe in some collectors hands but they will not be used anymore no production of them anymore because digital currency will take to their places. But i think that will going to be 100 years from now because the people still cannot cope that much into technology but I know it just takes time to accept that changed that is happening. Whats happening now is the start of it.

BlackBeauty

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Quote from: GamingBro on May 18, 2018, 07:44:56 AM

At my opinion cash will not be extinct everywhere, probably other governmets would be following Sweden and checking the statistics how many people likes this way of economy.

I also think that cash will never extinct but bitcoin currency will very popular in everywhere and that's why people will payment in bitcoin because bitcoin will very secure currency, so its use in worldwide and every where we can work in bitcoin very easily.

GamingBro

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At my opinion cash will not be extinct everywhere, probably other governmets would be following Sweden and checking the statistics how many people likes this way of economy.

fluctuations

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I think this will not happen. If the cash is gone, the people of low-income countries and undeveloped internet will buy and exchange by what way.

reverseflash

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Quote from: Hughes_Ryan on May 18, 2018, 04:42:54 AM

Quote from: babsalt1975 on October 11, 2017, 06:12:47 AM

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

I think, cash will never be able to go extinct. Most people buy and sell using cash. Only those who participate in the new crypto use electronic money to buy and sell

Just the majority uses credit cards for a long time, and applies cash only in those places in which haven't managed to connect reception of electronic payments yet.

Hughes_Ryan

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 AM

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

I think, cash will never be able to go extinct. Most people buy and sell using cash. Only those who participate in the new crypto use electronic money to buy and sell

Chacon994

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 AM

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

that's just rumors. I do not think that electronic money can replace cash. Because cash is the currency used by everyone in the world and it is more convenient than electronic money. That is my opinion

Chrisjay29

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I think cash will still exist. Because lot of country didnt know bitcoin. Especially on those country that has low economy and no internet. But maybe someday cash will extinct

Menawi12

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Quote from: taxli on May 17, 2018, 03:56:51 AM

It is hard for some countries to switch to the use of cryptocurrency or the bitcoin only because not everyone is aware of these payment method at all. Maybe Sweden is one of those countries that ready to accept it but not the whole world.

Indeed, many country still dont have a good internet infrastucture and many of them dont know about cryptocurrency. I think cash or fiat money still exist because for some people its more flexible

taxli

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I agree with the statement above that there is no way to equip every country with necessary tools for earning bitcoin which is why we need to stay with fiat and keep the currency that everyone in the world is able to have.

Kanda Yu

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 AM

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

I don't think it is happening very soon. Maybe it is possible knowing that there's a chance that bitcoin will replace banks and physical money for everyone's convenience and good. We should still appreciate cash even though bitcoin is now slowly growing, we should support it still since it is somehow doing great with bitcoin nowadays.

headache1327

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Not necessarily cash shoyld be extinct, but maybe bitcoin will be of much value than having cash. Remember you cant buy goods in the market through bitcoin, there is gap to be used in bitcoin and cash.

charlemagne_15

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 AM

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

I think getting rid of paper money is impossible and will make a huge negative effects on all of us. It is impossible to eliminate paper money because governments will not allow it. In addition, poor people cannot afford to buy a gadgets like phones and internet to access the bitcoin. Paper money is their only hope to make a living. Economics will not grow if this will happen.

endut15

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I think that the cash will not be lost, because until now the cash is used to meet the needs we need. so we should appreciate the existence of cash as well.

Sled

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Bitcoin- in bullish time

Quote from: taxli on May 17, 2018, 03:56:51 AM

It is hard for some countries to switch to the use of cryptocurrency or the bitcoin only because not everyone is aware of these payment method at all. Maybe Sweden is one of those countries that ready to accept it but not the whole world.

The whole world is ready for accepting cryptocurrency because there is no need to make new system to accept it because they just need to make it as a legal currency and the only problem here is the government that are dealing with the regulations of the cryptocurrency because they are afraid that if they make it as a legal currency then a lot of people will prefer decentralization.

lastnumber

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Can not. Make sure cash can not be lost forever. We trust and invest in the Cryptocurrency market because we believe this is the trend of the future. Bitcoin and Altcoin will play a key role in future trading activities. But cash always has its own meaning and value, no electronic money can replace it. Cash will remain for a very long time in the future.

cpkozak

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I do not think that . This is very difficult to do because we need cash to pay for small expenses. This will be much more convenient. So it is impossible to get rid of cash.

breathlessz

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Trphy.io

Quote from: taxli on May 17, 2018, 03:56:51 AM

It is hard for some countries to switch to the use of cryptocurrency or the bitcoin only because not everyone is aware of these payment method at all. Maybe Sweden is one of those countries that ready to accept it but not the whole world.

for now only developed countries whose populations are familiar with bitcoin, and to popularize the whole world i think it is not an easy thing to accept by government of a country, and this certainly will take a long time and a hard struggle

Tyronthegreat

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 AM

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

I believe using cash is destined to be extinct in the future after the people see and experience the advantage of crypto currency. Crypto currency is showing better and people nowadays don't not want anymore the old service due to the busyness and advance technology. So if crypto currency got the attention of people this will be the beginning for the extinction of fiat.

taxli

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It is hard for some countries to switch to the use of cryptocurrency or the bitcoin only because not everyone is aware of these payment method at all. Maybe Sweden is one of those countries that ready to accept it but not the whole world.

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