I might get happen that cash might get extinct but for that government and people should start using e-wallets and it will take time to reache to every person. If crypto currency get legalised in all countries then yes this process will even take less time.
Absolutely, it has much solid chances to implement. Cashless society have many problems too but the profits are somehow more. But the reason it doesn’t seem like possible, bitcoin is not much famous now in every community. Only educated community that is oriented towards technology knows mostly about it. Others are just illiterate of it. Hopes for the best in future. 
Topic: Does this mean Cash will be extinct? - page 58. (Read 14845 times)
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?
Honestly.. I personally do not think at all that cash will be extinct later (including in the year 2023), less likely I guess if indeed all countries will actually stop to using cash. I think this will not be happened, and cash will never be extinct forever.
There is a chance that cash will be extinct in the future, With the technology we have now and those digital assets that has been developed.
This might happen in the future. There will always be someone to innovate how cashless world will be done using any digital assets that has the capability of doing so.
This might happen in the future. There will always be someone to innovate how cashless world will be done using any digital assets that has the capability of doing so.
maybe yes. The world is developing and people require something that they can trust. Cash can be fake cause of illegal people who have capable to copy exactly how cash looks like. Bitcoin and the cryptocurrency, on the other hands, are not controlled by anyone and every transaction is showed on the blockchain. Therefore, there is no way people can create fake bitcoin or the cryptocurrency
Fiat will be around for a longgg time. It takes decades at least to faze it out. And old people are still used to it.
Old people are slowly disappearing though. But yeah, it will probably take a while. I'm wondering which countries will be the first to get rid of fiat though. Developed countries seem like they are in the best position to move towards electronic cash systems. But at the same time, undeveloped countries could benefit from just going digital straight away, instead of investing heavily in physical cash creation and security features. 
Fiat will be around for a longgg time. It takes decades at least to faze it out. And old people are still used to it.
Nope i dont think fiat will be extinct in the rise of bitcoin because we still need paper cash just to pay our bills and need. If the whole world and banks or establishment is adapting well in bitcoin maybe cash will be useless.
for some countries , cash is the identity for the country , so I think there is no cash to be extinct.
The idea of cash to be extinct is an understatement. Cash will certainly not go extinct.
It is the sole reason why we are working, investing, earning and saving in the first place.
It's why we invest and pour resources in bitcoins and other cryptocurrencies out there.
Not everyone in the world has a bitcoin wallet, nor access to it. Although cryptocurrency
will undoubtedly compete with cash. Cash is genuinely comprehensive and omnipresent.
Cash = paper money and coins. There is no good reason to keep those around if we can find a more efficient and intuitive way of trading. And Bitcoin isn't the only contender for this position. It is the sole reason why we are working, investing, earning and saving in the first place.
It's why we invest and pour resources in bitcoins and other cryptocurrencies out there.
Not everyone in the world has a bitcoin wallet, nor access to it. Although cryptocurrency
will undoubtedly compete with cash. Cash is genuinely comprehensive and omnipresent.
The idea of cash to be extinct is an understatement. Cash will certainly not go extinct.
It is the sole reason why we are working, investing, earning and saving in the first place.
It's why we invest and pour resources in bitcoins and other cryptocurrencies out there.
Not everyone in the world has a bitcoin wallet, nor access to it. Although cryptocurrency
will undoubtedly compete with cash. Cash is genuinely comprehensive and omnipresent.
It is the sole reason why we are working, investing, earning and saving in the first place.
It's why we invest and pour resources in bitcoins and other cryptocurrencies out there.
Not everyone in the world has a bitcoin wallet, nor access to it. Although cryptocurrency
will undoubtedly compete with cash. Cash is genuinely comprehensive and omnipresent.
Not that way, fiat currency is still valuable all the time. Although crypto currencies especially bitcoin are crashing fiat but isn't enough to wipe out physical money. Having both currencies are just a good idea, in which we have an options what we gonna used in a certain transaction. Because having fiat money into nothing is quite impossible to happen, as it's still valued by other people as of now.
Fiat will never be extinct because it is one if the most important thing on earth. We always use cash in our daily transaction and we can use it anytime anywhere. So cash cannot be replace by any cryptocurrency.
For the current technological platform, fiat must exist. However, in the future, as technology grows to a new height, I believe fiat can be replaced by a smart currency, which may be digital currency.
This kind of problem gets escalated in poor or underdeveloped countries where lack of infrastructure and various taxes on using digital payment will demoralize people from using digital payment.
This includes longterm plans and certainly has a global impact. Modern world makes every individual to really have a practical thing that can support mobility. Yes, cashless communities in big cities are numerous. Thus, paper money decades forward will be unique.
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's a good move tbh, makes our life become more easier. I think other big countries like USA, Japan and Korea will follow Sweden but to not stop using cash, cash still can be used but not the priority. Actually It's really hard to apply this to development country.
I'm sure that it will take long to get to that point of extinction. Government will not allow to just throw their local fiat/cash and embrace digital currency. People are used to cash as their method of payment in transactions. Also it would be hard for shop and market to regulate their supply of bitcoin or any other altcoin.
Yes. Sweden has already begun the process of going cashless and others will follow. It is too archaic. Digital currencies will come about and Bitcoin will be the best form of sound money so it'll be the world's reserve currency.
I agree. Though even if we have countries here going full digital, it can't happen all over the world. Cash can't be extinct. The effects would be heavy not for rich cointries like switzerland but for third world countries who will have a hard time supporting the requirements for full digital
Yes. Sweden has already begun the process of going cashless and others will follow. It is too archaic. Digital currencies will come about and Bitcoin will be the best form of sound money so it'll be the world's reserve currency.
Fiat will never be extinct because it is one if the most important thing on earth. We always use cash in our daily transaction and we can use it anytime anywhere. So cash cannot be replace by any cryptocurrency.
For the current technological platform, fiat must exist. However, in the future, as technology grows to a new height, I believe fiat can be replaced by a smart currency, which may be digital currency.
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?
Honestly.. I personally do not think at all that cash will be extinct later (including in the year 2023), less likely I guess if indeed all countries will actually stop to using cash. I think this will not be happened, and cash will never be extinct forever. 
I think this plan that they have will not fully extinct cash especially when all the other countries are still active in using each countries currency. This plan must be just minimizing of using or involving of cash in daily transactions. Maybe this is one of theie ways in minimizing cash related crimes and go with some technology which the millenial time offers.
Exactly, it will only be minimized and not that much even. If you go to some countries where you hardly see few elites than the normal masses, it would be a challenge as just only few will definitely take on using the digital age of transactions. The two will always go hand in hand until probably there will not be any need anymore as some generation gets wiped out but that would take some time.Jump to: