If we were taking globally, then yes, but not in our lifetime.
Sweden is only one of the few countries that are already practicing a 'cashless society'. Scandinavian countries, are another. But, some parts of the world don't even practice a credit system.
Even most developed countries like America and Japan are still reliable to paper bills for their day-to-day transactions.
There is a possibility, and digital currency is helping create that vision. Cheers!
Topic: Does this mean Cash will be extinct? - page 65. (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
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
yes it seems in the coming year will develop into all-digital including money in use is digital money, because it is more practical and more keep the age of the earth.
In my opinion, the abolition of cash is a bad idea that will only disrupt the economic system of a country. Because not all transactions can use crypto currency, and people can not fully access the digital money system (Bitcoin). There are many obstacles to migrating from fiat money to crypto money.
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
For me it's kinda possible, as we can see in some futuristic movies, almost all transactions are being made digitally. We can never underestimate the power of technology. It is very gast upgrading year by year. So I would'nt be surprised then that by that time bitcoin's price will really soar up high due to high demand. We are lucky to know bitcoin this early. 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
Maybe they will slowly phase out PHYSICAL cash - does not mean they will not have cash, it will just become digitized.
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 don't think so, I don't see this world running without cash from different countries due to the fact that it may cause huge difficulties in each everyone of us. Cashis the only one to make ttransactions faster, and easier, given the fact that many successful transactions were done using cash cause this is reliable and secure unlike cheques nowadays it may turn out fake and several instances said that they have been victimized by scams through other way than cash.
I don't understand why this topic kept coming up. This is pure speculation. It is impossible fot FIAT money to be phased out and replaced by cryptocurrencies. The flow of economy will be disrupted if this happens and it will not only affect Sweden but the whole world. Electronic money can be used for transactions but it will never be the main medium of exchange. That is just too impossible.
It's not impossible whatsoever. You're just biased towards fiat because you've known nothing else. But crypto would be enough to run an economy, perhaps even better than what we have now as a lot of middlemen would be cut out. Of course cryptos would have their own downsides, so it's not clear which option would be better until someone tries. 
I don't understand why this topic kept coming up. This is pure speculation. It is impossible fot FIAT money to be phased out and replaced by cryptocurrencies. The flow of economy will be disrupted if this happens and it will not only affect Sweden but the whole world. Electronic money can be used for transactions but it will never be the main medium of exchange. That is just too impossible.
Cash will never be extinct since everyone is exchanging bitcoins for fiat. A lot of people here in this forum are earning bitcoins to sustain their basic needs and the excess money will be saving to hold and expecting that in the next years the value of bitcoin will massively increase.
Fiat and cash are different things, so your argument doesn't hold for this question.
I believe that's the way we're going. Norway wants to get rid of cash too by 2025. I think many countries will follow this approach, but this is not because of bitcoin, it's because of banks, debit cards and phone payments. People rarely use cash these days, at least in nordic countries cash is going away. Maybe not in other countries like the US, but here and in Asia cash is going away.
Cash will never be extinct since everyone is exchanging bitcoins for fiat. A lot of people here in this forum are earning bitcoins to sustain their basic needs and the excess money will be saving to hold and expecting that in the next years the value of bitcoin will massively increase.
If this happen all people should know the basic of computer.It takes many more years to do that,maybe if that would be successful it would be the basis of other countries to follow that system.Well gudluck for them.
It doesn't take many years to do that. Toddlers are literally growing up with super computers (smartphones) in their hands these days.
This is a speculation. Risky because of more losses than gain. Paper money will always be the most convenient way of transaction for those who could not afford bitcoins. And phasing out paper money means economic rupture.
If this happen all people should know the basic of computer.It takes many more years to do that,maybe if that would be successful it would be the basis of other countries to follow that system.Well gudluck for them.
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
The statement made by Sweden is a move towards the future. Not only Sweden, many governments are moving towards a virtual currency system. And one of the prominent reasons behind this move can be the rise of corruption. If state installs their personal virtual currency system then they can easily track transactions and loopholes in the system that occurred due to cash can be reduced. Moreover, virtual currency definitely have an upper hand but problems like internet coverage, accessibility to modern gadgets and much more create a barrier on the road of cashless society.
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 believe cash can be totally extinct as a result of the advent of crypto currency or cashless society policy by different government. From what I see coming in the future cash usage can only be reduce to some extent and not to the level of extinct completely from the existence. 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 this fast. It takes time to bring the whole economy to cashless mode. Not all countries are ready for this right now. It make take little more time. But definitely more and more countries are moving towards cashless society.
I do not think that it can be possible even in next few decades, In fact it is not so easy that everyone can become so much educated to know about computer and internet. Even if they will learn about computer and internet, they will not be ready to give up using cash because i do not think that they can get the facilities to use bitcoin for anything for which they use fiat. I think it will surely take more than half a century, because changing a system is not such an easy job. 
Sweden is the NWO country par excellence. Even beggars use card terminals to collect alms:
http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
There are other countries that could have gone faster that way and haven’t gone. The most important one in Europe is Germany:
https://www.german-way.com/germanys-cash-culture-geld-stinkt-nicht/
In other countries cash use is decreasing while electronic payments are increasing but at a slow pace. So, I think it will take a while until cash gets extinct because we shouldn’t extrapolate how things will go basing our reasoning on what the most anti-cash country does. And when cash disappears, we will still have bitcoin (or another crypto).
What the .... I don't even know there are beggars who accept card right now lol, no wonder they want to stop using cash by 2023. I think other country will see how it works first and they will follow it once it's confirmed to be successful at sweden. At least i know this thing won't happen in my country in the next 10 years. http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
There are other countries that could have gone faster that way and haven’t gone. The most important one in Europe is Germany:
https://www.german-way.com/germanys-cash-culture-geld-stinkt-nicht/
In other countries cash use is decreasing while electronic payments are increasing but at a slow pace. So, I think it will take a while until cash gets extinct because we shouldn’t extrapolate how things will go basing our reasoning on what the most anti-cash country does. And when cash disappears, we will still have bitcoin (or another crypto).
Sweden is the NWO country par excellence. Even beggars use card terminals to collect alms:
http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
There are other countries that could have gone faster that way and haven’t gone. The most important one in Europe is Germany:
https://www.german-way.com/germanys-cash-culture-geld-stinkt-nicht/
In other countries cash use is decreasing while electronic payments are increasing but at a slow pace. So, I think it will take a while until cash gets extinct because we shouldn’t extrapolate how things will go basing our reasoning on what the most anti-cash country does. And when cash disappears, we will still have bitcoin (or another crypto).
Lmao, this is the first time I've read about homeless accepting credit cards. The world sure is changing very fast. http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
There are other countries that could have gone faster that way and haven’t gone. The most important one in Europe is Germany:
https://www.german-way.com/germanys-cash-culture-geld-stinkt-nicht/
In other countries cash use is decreasing while electronic payments are increasing but at a slow pace. So, I think it will take a while until cash gets extinct because we shouldn’t extrapolate how things will go basing our reasoning on what the most anti-cash country does. And when cash disappears, we will still have bitcoin (or another crypto).
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Sweden is the NWO country par excellence. Even beggars use card terminals to collect alms:
http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
There are other countries that could have gone faster that way and haven’t gone. The most important one in Europe is Germany:
https://www.german-way.com/germanys-cash-culture-geld-stinkt-nicht/
In other countries cash use is decreasing while electronic payments are increasing but at a slow pace. So, I think it will take a while until cash gets extinct because we shouldn’t extrapolate how things will go basing our reasoning on what the most anti-cash country does. And when cash disappears, we will still have bitcoin (or another crypto).
http://www.independent.co.uk/news/world/europe/stockholm-homeless-accept-credit-cards-as-cash-king-no-more-8910867.html
There are other countries that could have gone faster that way and haven’t gone. The most important one in Europe is Germany:
https://www.german-way.com/germanys-cash-culture-geld-stinkt-nicht/
In other countries cash use is decreasing while electronic payments are increasing but at a slow pace. So, I think it will take a while until cash gets extinct because we shouldn’t extrapolate how things will go basing our reasoning on what the most anti-cash country does. And when cash disappears, we will still have bitcoin (or another crypto).
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