It is obvious and irreplaceable fact that digital money has come to world stage.
From history, this new found currency accepted by the people would be difficult to
eradicate.Hence, as long as internet and its concurrent businesses run, digital money remains
as a medium of payment.Fiat currency has to accept this glaring fact while banks must adjust
their policies to accommodate it.The world has already inclined towards the new era of digital
currency.Fiat currency and the operating banks can only adjust.
Topic: The future of the paper money - page 16. (Read 416565 times)
When the demands of transactions are now more complex then it is difficult to maintain paper money, this has an impact on the decreasing use of paper money directly, especially for large transactions, it is time for the world to change and think ahead in order to use digital money or cryptocurrency.
I think that paper money wouldn't be needed in the future or it would be decreased ,
I think that in the future we would be able to pay for every thing online .
But I don't really think that we wouldn't be using paper money in the future I still think that even if we could pay every thing online we would still use the paper money sometimes .
I think that in the future we would be able to pay for every thing online .
But I don't really think that we wouldn't be using paper money in the future I still think that even if we could pay every thing online we would still use the paper money sometimes .
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Is not easy yet to banned paper money. But i think their's a possibility that paper money will be wash out. But it took along process to be impemented, maybe in some riches country they accepting digital money currencies as their payment in their transaction and also they prepare for replacement of paper money.
The future of the paper money is very bad if you ask me due to the fact everything is gonna be digital soon or later. Its just a matter of time in my opinion before it will happen.
The government would not be interested in including bitcoin because the government could not control them.
Future paper money will be reduced, and more and more people will use online money.
Future paper money will be reduced, and more and more people will use online money.
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
1. I think there is a possibility that paper money will vanish or will be replace by digital currency. There is this microchip that is being made (or even really existing now) so that the government can monitor everyone’s everything and whereabouts even accounts when this chip will be implanted in a person’s body. However, I don’t agree with this chip. If this will really happen, then BTC will be of use and will replace paper money.Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
2. With the mere existence of cryptocurrency and braniacs this world has, it could happen in decades from now.
3. I just hope that they will create a very tight and safe security for this one since everyone’s money is in the internet. When the security and codes are tight I know there will be someone who will challenge himself and will try his best to crack the security.
4. That, I don’t have any idea.
With paper money, everything will be fine! Habits of people are very important. Almost everyone wants to feel money in their hands. Paper money can be counted.
I think that in the future we wouldn't really have to bring paper money all the time because for me in the future we could use our phones to pay for every transaction,
I think that in the future we could use the online banks to pay for every transaction that we would make.
I think that in the future we could use the online banks to pay for every transaction that we would make.
paper money will still exist for many years. not easy to replace it with anything
For me the future of the paper money is we will continue to be good, because eventhough thete are many cryptocurrency that is blooming paper money is still the needs of people in this world and nothing wll change with that, paper moey is we will stay in this world.I still want paper money there, but there is the possibility of paper money going to be released because things are happening right now, many companies are already adopting crypto currency, credit cards and many other ways to do business because they consider the crypto currency easier in transactions and transparent.
The future of paper money will continue to survive and can not disappear, because paper money is legal and fully protected by the state.
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I think paper money would still be existing for about 50-60 years. Money is still safer compared to cryptocurrencies and is easy to regulate. Online currencies can be counterfeited way more easier that money.
Paper money and books are still there for a good reason. Particularly, because they can exist regardless of any electrical supply. We tend to forget that you don´t a wifi everywhere.
I think paper money would still be existing for about 50-60 years. Money is still safer compared to cryptocurrencies and is easy to regulate. Online currencies can be counterfeited way more easier that money.
People love what you can touch with your hands! Paper money will not disappear anywhere. If suddenly this happens in 200 years
The main advantages of banknotes are that they can be used in any transaction and are not dependent on the Internet network, we all know that digital money or cryptocurrency without the internet there will never be any transactions.
People love what you can touch with your hands! Paper money will not disappear anywhere. If suddenly this happens in 200 years
I think paper money will just become an emergency tool just like a gold when crypto has already takeover the monetary system. Gold is offered when people are desperate for money so they sell their rings and earring so that will also happen to fiat.
I can not predict how long the paper money will fade or in what year. However, I think the faster the digital currency is used in different parts of the world. The faster the paper currency is eliminated.
the future of the paper money i guess is not substantial and valuable as its value as now. some people do prefer checks or swipe just like the atm for them to not spend much. because if you have money or cash on hand, you did not know what and where to spend the money but with atm there is a limitation so that you can not spend much. so, paper money i guess will faded as the characters that imprinted on them.
The future of the paper money is good and it will still used by the world the bitcoin is good to use for now and the people who are interested in the crypto then they will use these crypto and the paper money is used by 98% of the world population the banking industry is circulating the cash in the economies and bitcoin is the one which is not older than the paper money while in the paper money it works offline So the future of paper money is just like now.
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