Topic: The future of the paper money - page 39. (Read 416603 times)
Paper money is much needed to control the market since they can always count how much paper money they release.
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?
the future of paper money seems to be useless in the future because if you still use paper money it will not be efficient, it is time we develop using digital currency like bitcoin which is more simple and safe.
I don’t understand why people are so worried for paper money. Paper money is here since hundred years & will remain there for next so many years. As compared to $83 Trillion world economy, fiat currency has $31Trillion where as cryptocurrencies share is $100million. So how fiat currencies future is in danger? Fiat currency is the most convenient and highly used currency in all parts of the world. Their centralised nature assures its holder a security. They are owned and controlled by government or by central bank so less volatile in nature. Any class of society can use it without any infrastructure.
banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.
The cryptocurrency or the crypto money cannot be controlled by the government but as long as majority of people are still using fiat, we are still gonnacovert our bitcoin to fiat which in such case we will be able to pay taxes since the government can control the exchanges.
I think the future of the paper money will still be good, paper money would still survive and may not going to be replaced, because like any paper money will remain in need by everyone, despite the electronic money increasingly thriving but paper money remain was to be the main choice because there is not a country that makes the electronic money as the eyes of their money, and the money just could use the real and not the digital
I think the paper currency still has an important role in every country because the paper currency is known all over the world and many people who still use paper money may be bitcoin can only compete with paper currency but will not be able to replace the banknotes in my opinion
banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.
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?
I think the future of the paper money is secure. Cryptocurrencies will never replace and surpass the fiat currency. People are prefer to use fiat money than digital 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?
I don't think the paper money will be banned someday. For now it looks like impossible for that to happen and that I think is the safest answer. Aside from the fact that paper money in other nation or in certain places is more useful than all types of cards the government until now will not allow that to happen until they will find find a way to control cryptocurrencies since until now their power is outcast from it.
The future of paper money will be get reduced in future due to the cryptocurrency which is going to rule the world and the world people prefer to deal with bitcoin much more then other currency due to the benefit they gained through the bitcoin rate which amaze everyone. And technology make access of bitcoin very simple every where in the world access by every one, like paper money available for every one buy digitally. That make very less usage in the world.
paper denigi-were, are and will always be, whatever decision the banks have taken, they will not refuse the paper. Bitcoin is good, but it's virtual money and they still need to be cashed, but you do not need to cash out the paper.
I think it will still be used in the near future because human needs are still paper money. In the future, when people need an optimal currency for their needs, such as safety, speed, and global transaction, they will need a digital currency. And then, maybe the paper money would disappear forever like a coin
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?
the future of paper money will soon be destroyed in the future later, it is because if we still use paper money it will not be efficient, more efficient if using virtual money like bitcoin in the future later paper money has been little in use or reduction of paper money.
The future of fiat is no future that is it. Fiat currency is on the verge of extinction. That all to say.
I don't think fiat currency is on the verge of extinction, paper money is used by the majority of the people and if we consider the transactions happening that is in terms of paper money only, even though the use of online, digital types have been increased there is no problem for the paper money.
The future of fiat is no future that is it. Fiat currency is on the verge of extinction. That all to say.
I do not know what our future money will be. but according to my research Banknotes are not really as distinctive or alluring as they once were. Blame it on the advent of plasticization, single currencies or the rise of digital money. But many paper currencies remain deeply idiosyncratic, patriotic displays of the wealth and culture of a nation, adorned with great faces and timeless moments.
Today many governments are advocating and socializing the use of digital money, this of course reduces the use of paper money so as to make the future of paper money will disappear. certainly more practical use of digital money rather than paper money.
Living in a digital generation where we are doing something that needed a technology and device, I think we can spend, buy anything with the use of internet and only in a few years paper money would not be used by people. We still have fuat currencies but it can also be accessed through internet connection.
Exact. Evolution is something natural to the human being since its creation. I see that the paper money is simply obsolete (as well as gold and silver and precious materials), many expenses in its production and maintenance, besides being extremely fragile and with a very slow speed in processing because it depends on banks and institutions governmental organizations to walk. Already the digital currency opens the doors to us of the instantaneous transactions, speed in your transactions, independence of your own money, besides that in case you lose or break the wallet where you keep your money you can simply make a backup and recover all damages.
But at the very present time, they have got another option which is far better than that of paper money in number of ways. Digital currency is no doubt changing the dynamics of the world and people are moving towards the usage of crypto currency.
Paper money is dimming by electronic money because investors found the profits in electronic money but soon they will go back to the paper money because they're the basic of every single economics in this world.
Paper money will not disappear anywhere. They can only turn into plastic, for better durability. Cash settlements do not require commission and are executed instantly 
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