Topic: The future of the paper money - page 55. (Read 416565 times)
If virtual money access is owned by every place then it is very possible to make paper money more abandoned. Because virtual money is easy and safe.
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?
Bitcoin has gained a lot of popularity throughout the years since it had started. And along this journey it has gained users of not only younger age groups but also that if older age groups. But still I don’t think that bitcoin will able to replace paper money and i do believe that paper money has a future because firstly paper money is way more popular than bitcoin and because of which its way more in usage and has more users as compared to bitcoin. Secondly paper money does not require any money for transactions whereas bitcoin requires. Then bitcoin requires internet whereas paper money requires no internet. 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 visio website should provide the choice to get visio cash for importing content.That would be a nice new function
The day is going forward technology. In this age of technology, people do not want to deal with hands.So, people are interested in trading online.
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?
Bitcoin has gained a lot of popularity throughout the years since it had started. And along this journey it has gained users of not only younger age groups but also that if older age groups. But still I don’t think that bitcoin will able to replace paper money and i do believe that paper money has a future because firstly paper money is way more popular than bitcoin and because of which its way more in usage and has more users as compared to bitcoin. Secondly paper money does not require any money for transactions whereas bitcoin requires. Then bitcoin requires internet whereas paper money requires no internet. 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 am even think that in the future, digital systems will be used more often than physical ones. So also with money, will later transform into something more concise than credit card. Paper money will be a collection item.
Everyone still uses paper money and will continue to use it in the future, as long as the government has not legalized Bitcoin technology then paper money will not disappear and will always complement each other with Bitcoin. Fiat money will not go extinct.
I see no future in paper money anymore since the rise of digital currencies. Digital currencies will be implemented worldwide once the paper money will reach its rock bottom. It is more convenient and even though controlled by government, the crimes involving money will be lessen.
The future of paper papers is still doubtful for long periods of time, it is seen the decrease in direct transactions, for example shopping in malls most people use digital currency so that makes paper money can disappear.
The thing is not all people are shoppers, I mean there are a big number of our popular who are still under poverty and not earning a good amount of money, so when money is their problem how can they avail this online services when it's not fully useful to them.
The future of paper papers is still doubtful for long periods of time, it is seen the decrease in direct transactions, for example shopping in malls most people use digital currency so that makes paper money can disappear.
Due to such a rapid development of e-commerce and the improvement of mobile platforms, in the next decade, consumers will use exclusively non-cash payments. In this case, the use of plastic cards will be completely unnecessary, all payments will be made using modern mobile devices.
But at the same time some segments of the population do not have the opportunity, and some do not want to go into the study of new modern technologies. Consequently, a complete rejection of the classical banking structure is simply impossible. In addition, the security of such banking institutions remains an important issue, because the power of hackers amazes with their capabilities and dexterity.
But at the same time some segments of the population do not have the opportunity, and some do not want to go into the study of new modern technologies. Consequently, a complete rejection of the classical banking structure is simply impossible. In addition, the security of such banking institutions remains an important issue, because the power of hackers amazes with their capabilities and dexterity.
We need digital money to earn paper money here in this world of cryptocurrency, in that matter I don't think so what would happen if paper money is no longer exist and only digital currency is available to use. I think there are many disadvantages of using digital currency instead of papaer money I think peole can't buy a little things because if someone want to buy something it shoul be in online form because of digital currency but the advantage of its all transactions will doing faster and less of effort.
The future of paper money is promising as ever BECAUSE bitcoin can co-exist alone !!!
I don't think document cash will be banned or changed completely, Even in the present time where debitcards and creditcards are used worldwide nevertheless paper cash has a substantial use specifically in physical transactions, I think it would nevertheless preserve presence even when bitcoin or any other web-dependent methods go mainstream.
The fact is that paper money has a lot of drawbacks, but at the same time you need to think about the advantages that they have. To date, paper money is an easy settlement tool for most people. Therefore, before talking about the fact that paper money will be replaced by crypto currency, you need to think about this Factor of containment.
In my opinion, paper money can rise in the future. The paper money is considered as adulterated by the digital countries.Because fake paper money out of a lot of time.As a result, the people are suffering.
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?
Paper money will DEFINATELY be banned at some point. To my mind, it will be around 2030.
This will established bei the governments (not for real, it's the elite doing it).
Unfortunately, it is going to be the complete opposite of privacy and and security. It will be used to control the masses and make EVERY transaction transparent.
Yes, i'm talking about NWO (New world order). Sad, but if we're lucky we can make some Money until then...
Depend on the current world technology. I think the money is not extinction, internet based coins will be in the market as well as Bitcoin and other coins. However, how long it will stay will not be on the demand of the people.
I think there is a big possibility in the near future that paper money will vanish, as we can see the trends of monetary circulation now a days that almost half of the worlds population are using electronics card to pay bills, buy goods and services and that is because of internet that are connecting around the globe. In my point of view that electronics card is using a single chips that contain all the records, transaction and money balances of every holder so as the world is fully enters to a new era then i think cards are not used anymore because it is prone to loss and the best way is to implant the chips on every individual upon its birth and the chips will be loaded all the identity of the bearer included all its assets, then the paper money will be slowly forgotten and no more value. 
Depend on the current world technology. I think the money is not extinction, internet based coins will be in the market as well as Bitcoin and other coins. However, how long it will stay will not be on the demand of the people.
I think the paper money will not go extinct, because the paper money has been used until now. but if the demand for paper money will drop it is possible.
I think the future of paper money will remain forever,but maybe in the future paper money is no longer the favorite currency because many new currencies are emerging. For example bitcoin,Bitcoin is a decentralized digital currency that emerged in 2009.
This bitcoin since the beginning of its emergence already is a lot of interest moreover in the future.
I am not saying that paper money will be eliminated,But clear digital currency will become the most favorite currency in future.
This bitcoin since the beginning of its emergence already is a lot of interest moreover in the future.
I am not saying that paper money will be eliminated,But clear digital currency will become the most favorite currency in future.
Paper money will stay forever.
Why? Because its easier to make than coins.
In the future we do not use paper money anymore because it is less efficient, Why? Because its easier to make than coins.
we are having a transitional period,
such as Paypal and other payments that allow us only use online payment to make payment transactions using only mobile phones....
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