I don't think that cash can disappear...Cryptocurrency is just another form of money, but it is not meant to replace other forms
Topic: Does this mean Cash will be extinct? - page 41. (Read 14845 times)
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
It surely won't disappear in the future because I believe that it will still be used in the future. Indeed bitcoin is a digital currrncy which is the new trend because we are on digital age but still, regular currencies are supported by many countries and has a huge role into the lives of many people which is unlike bitcoin that is decentralized and is still new.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
Disposing of money would require an intensive report on what will be the effect to the economy. There will be no issues For the high society or the well off ones. Be that as it may, this will be a major issue particulary on the lower class group. It would be a 360 degrees alteration if online exchanges will be completely executed since it will cause venture. Where might these individuals get a financial plan for the devices and month to month web association installment? It will be an extra weight for them. Along these lines, I am reluctant that money will be elimated until further notice.
Cash going extinct doesn't mean that money will disappear. There will always be some sort of currency for as long as there are goods that are limited in quantity.
It can happen, because with non-cash transactions provide effectiveness and efficiency to the community during transactions, Cash Instruments that have been circulating, such as banknotes and coins considered less practical because if you want to transact with a large nominal, then the physical money should be used many more. This is what makes the inconvenience of having to carry a lot of money. Currently with the development of bitcoin blockchain technology there are many projects that implement in terms of transactions between sellers and buyers using applications or platforms based on blockchain technology.
I don't think so that cash is going anywhere else, until the next fifty sixty years. Cash is now being the most basic form used by everyone, everyone may do not have a credit card or a bank account but they do have access to cash. Cash us the most basic form of currency. Any cryptocurrencies or any other advancement will not replace it that easily. Bitcoin is continously growing up and it's price are skyrocketting and still very less people know about it. I think cash will not be replaced.
Cash will not go extinct. Do you think how those who trade in traditional markets? Surely they will use cash and do not want to use a credit card or bank transfer. Traditional markets will surely be everywhere. Do not think that far and complicated, if we see people who sell food or soft drinks on the roadside, we will use cash to buy it, right? Therefore cash will not be lost. However, over time cryptocurrency and digital currencies will become more popular and more popular by many people and the world.
Cash will never be extinct even how much they would try... Cash will still remain because not all the places in the world is connected to internet or to mobile connection... there are many places in the world that are still remote where cryptocurrencies are never heard before. You might even lose your head if you say you'll gonna pay them with a cryptocurrency.
I have a little bit different opinion in this matter because I think the world is going to be taken over by technology in near future and all the things are going to be automated rather converted into digital form. Now that we have been introduced with crypto currencies which are a way faster than paper money transactions and a lot better in many other aspects, there is a possibility that we will live in a cashless society one day.Crypto currencies are not faster than cash payment, the opposite in fact. The current technology of Crypto currencies, e.g. block chain, miners, fee etc... Is absolutely no match for the ease and speed of cash, neither in paper form nor its digital delivering method, namely credit card and Mobil pay. If one want to compete with cashes digital delivering method, the crypto currencies technology needs a whole other thinking, than the current blockchain thinking.
Cash will never be extinct even how much they would try... Cash will still remain because not all the places in the world is connected to internet or to mobile connection... there are many places in the world that are still remote where cryptocurrencies are never heard before. You might even lose your head if you say you'll gonna pay them with a cryptocurrency.
I have a little bit different opinion in this matter because I think the world is going to be taken over by technology in near future and all the things are going to be automated rather converted into digital form. Now that we have been introduced with crypto currencies which are a way faster than paper money transactions and a lot better in many other aspects, there is a possibility that we will live in a cashless society one day. I think money will still be there. Because until now even people prefer to transact with cash. Because even though it is already crowded people use bitcoin in online transactions, but still few people know about bitcoin and ease of use
Cash will remain there until and unless there is illiteracy. Those people are going to use bitcoin and plastic money which have sense of online banking and online transactions but those who are from underdeveloped countries or developing where there is literacy rate quite low they are unable to use digital currencies. Cash is there for those who are unable to use banks or internet just for transactions. I dont think cash will be extinct even if bitcoin grows bigger in the future, maybe there's a slight possibility but for my personal preference it wont because not all of us here in the world, or i could say not all of us in every country can afford bitcoin because of social problems like internet. Thats why i conclude that there's only a slight chance.
That slight chance is leaning heavily on the impossible. I can't even imagine gat happening. Its can probably for some countries like the us and uk or japan but to say cash would be extinct entirely around the world, that's not happeningIf someday, no cash in the world, they will not exist and something or no one manage the world.
Cash will become the sign of past or underdeveloped societies in the coming decade because the way bitcoin is becoming popular, it is a big threat to cash existence.
No, Bitcoin is made to have a smooth exchanges without the need of any banks or organizations to exchange cash starting with one place then onto the next and it makes exchanges mysterious. For instance, Signature battle supervisors hold enormous measure of bitcoin like 2 BTC or 3 BTC for crusades and convey that toward the finish of the battle yet these entire exchanges are avoided government. Thus, I figure it will help defilement instead of halting if appropriate guidelines are not shaped.
It was not made to supplant the fiat at all and there were no plans like this in any case. All the calculation and stuff was rolled out to straighten something up to improvement the way we do exchanges and keep it mysterious. That is all the bitcoin is about and it will resemble that dependably.
Disposing of money would require an intensive report on what will be the effect to the economy. There will be no issues For the high society or the well off ones. Be that as it may, this will be a major issue particulary on the lower class group. It would be a 360 degrees alteration if online exchanges will be completely executed since it will cause venture. Where might these individuals get a financial plan for the devices and month to month web association installment? It will be an extra weight for them. Along these lines, I am reluctant that money will be elimated until further notice.
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
Not all countries are going to be able to follow suit, Sweden is a very wealthy country so they can do that if they want but for countries that have a bigger difference in the wealth of their citizens that is going to be impossible, in my country there are very rich people and a healthy amount of middle class people but those that are poor have barely enough to sustain themselves so it is obvious that is impossible to do such a thing in my country. 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
Total removal of fiat from the society will do more harm than good.
No matter the level of technological development, not everyone will be able to embrace cashless transactions. And also, most services need to be paid in cash.
No matter the level of technological development, not everyone will be able to embrace cashless transactions. And also, most services need to be paid in cash.
That is really true. It will not be a problem only to those who are people depending on fiat money but also to us. Because fore example, we will go somewhere where the internet connection is very poor or the vendors don't have smart phones to use so they can access the internet, we cannot buy right because there's no fiat money. How can we pay if it happens that there will be no internet connection? What will also happen to people who are poor if cash will be extinct?
Governments dont want people to use cash, but cryptos neither. They want to track everything, so for governments its best, if people make bank transfers.
People can just use credit and debit cards if they stop using cash.if people with no cash take up loans to buy things, they will have to pay a lot in interest and will end up heavily in debt.So,They use cash for day to day transactions.So cash cannot vanish from the world.
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
It surely won't disappear in the future because I believe that it will still be used in the future. Indeed bitcoin is a digital currrncy which is the new trend because we are on digital age but still, regular currencies are supported by many countries and has a huge role into the lives of many people which is unlike bitcoin that is decentralized and is still new.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 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
It is possible that our paper money will be extinct for we are more into technology but we will surely experience problems regarding about it; but I believe that it is not that easy for our paper money to be extinct in a short period of time, it requires adjustment not only by the companies but each countrymen also.
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
It surely won't disappear in the future because I believe that it will still be used in the future. Indeed bitcoin is a digital currrncy which is the new trend because we are on digital age but still, regular currencies are supported by many countries and has a huge role into the lives of many people which is unlike bitcoin that is decentralized and is still new. 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 so that cash is going anywhere else, until the next fifty sixty years. Cash is now being the most basic form used by everyone, everyone may do not have a credit card or a bank account but they do have access to cash. Cash us the most basic form of currency. Any cryptocurrencies or any other advancement will not replace it that easily. Bitcoin is continously growing up and it's price are skyrocketting and still very less people know about it. I think cash will not be replaced.
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