I think cash is the identity of a country, so in my opinion, eliminate the cash means eliminating one of the identity of the country.
Topic: Does this mean Cash will be extinct? - page 9. (Read 14845 times)
I think even if Sweden would plan to not use cash in the future, even if other countries would also follow, it will not totally render paper cash unusable for everyone especially for those countries that are still growing. Cash had been part of our society for centuries so it would take quite some time before it becomes irrelevant and replaced.
indeed to realize something new is something that is not easy because the thinking of each person is different and people have their own principles.so there is an easy to invite but of course there are also people who are very difficult to be invited and even tend not to want
I think even if Sweden would plan to not use cash in the future, even if other countries would also follow, it will not totally render paper cash unusable for everyone especially for those countries that are still growing. Cash had been part of our society for centuries so it would take quite some time before it becomes irrelevant and replaced.
With electronic money, the transaction can take place quickly and accurately whatever amount of money transacted. Financial records are also automatically recorded in the associated banks, things are not likely to occur in a cash transaction.
No, cash will not be extinct but if the government will implement the use of cryptocurrency in that certain place there will be chance that cash will be extinct, in places that cannot be reach by internet its hard for cash to be phase out, because how can those people transact business without cash, if there is no even electricity in that area,
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 so. Fiat has been playing a big role over the crypto world wherein it helps people to get access or be able to use their money on buying stuffs that cannot be paid through bitcoin alone. Fiat has been here for a very long time already and I don't think it's necessary to think that fiat will be extinct soon instead we should just keep on supporting both. 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
This is just a consideration and the predicted year is still very far but in my opinion the cash currency will not be extinct because the cash currency will be needed by bitcoin is because they are related Without a bitcoin cash currency there is no meaning akrena no nominal in a money in certain countries
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
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. 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
Ofcourse NOT even bitcoin will know by all people around the world and the cashless system will be popular the CASH will not be extinct people are too smart but they can't replace the cash. Cash is very useful and you can buy something instant without making a transaction in internet.
Cash will disappear in the next 10 years around the world. I hope that along with paper money will disappear and digital but will remain only crypto-currencies
cash is important for society, not everyone has access to the internet, much less have knowledge about the internet.
cash will never be extinct in the presence of bitcoin, because cash in its use does not need internet network, while bitcoin in its use is highly dependent on the internet network. because not all of us in every country have internet network and can use and have knowledge about internet. for that is the internet social problem that convinces me that cash will never go extinct in the presence of bitcoin.
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 they will succeed in terminating cash in their country... just think if you buy goods for a price of 2$ would it be wise to open your account on the net just to pay? How about it theirs no available net on your area? how r they going to handle that?
it's quite impossible to abolish totally the cash system that we have today. Not unless they implan a chips on human body and every time they made a transaction they just scan the chip or just tap it with something and transaction would be completed. That I think is less hassle.
I think not all countries will stop using cash money. For certain countries cash money is still very useful and must be used, Perhaps the country that will remove cash money is a country that has been able to grow and have confidence in crypto or other virtual currency.
Whatever happens I am sure that cash will never extinct, this is because the cash transaction is still the most important and the main thing for the transaction, because we can not rely on internet for transaction, if internet problem then it is impossible no transaction.
Bitcoin and cash are two different currencies in my opinion, each has its own advantages and disadvantages although on the one hand there is a similarity between the two. I believe that everyone who uses both currencies is certainly for different purposes, I think both currencies are very influential on the economic growth of a country. bitcoin will not be able to reach every economy class while cash can reach it, so I conclude that cash will never go extinct in the presence of bitcoin.
In my opinion, cash is still valuable to use and plays a very important role in the economy and society of a country. Of course, basically everything can happen, because cash is really under great pressure coming from the utility and efficiency of cryptocurrency. It is hard to imagine that cryptocurrency is not capable of recovering transactional processes or sending false information by their own technological characteristics. That is what I believe that cash will still exist around us in the future.
It is right that cash getting influence rather in the market but it is difficult that due to cryptocurrency fiat will eliminate completely because mostly world population is not more educated to utilize bitcoin. Knowledge of computer and internet to utilize bitcoin is necessary and most important.
Yes it is difficult to say that fiat will eliminate totally but at least it will effect the fiat market, people will then give more preference to crypto currencies, which they will consider as more easy to use for their affair, therefore they will reduce the use of fiat currency. But still it will continue to exist for a long long time and not going to eliminate completely. Cash won't become extincy and it will maintain its position. What will happen is that coins will rake role and they will increse the importance of digital assets. Nobody could remove cash from the earth so far.
It is right that cash getting influence rather in the market but it is difficult that due to cryptocurrency fiat will eliminate completely because mostly world population is not more educated to utilize bitcoin. Knowledge of computer and internet to utilize bitcoin is necessary and most important.
Yes it is difficult to say that fiat will eliminate totally but at least it will effect the fiat market, people will then give more preference to crypto currencies, which they will consider as more easy to use for their affair, therefore they will reduce the use of fiat currency. But still it will continue to exist for a long long time and not going to eliminate completely.
Many say like that but it will be very difficult to make extinct cash money. Maybe it will happen in the future so in my opinion it will take a long time to remove bitcoin.
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