Topic: The future of the paper money - page 60. (Read 416603 times)
The future of paper money is secure, according to me. I think paper money will no go out of our economy. It may be possible that uses of paper money will be get minimised may be in future. Money in form of paper is so well established that it's removal is not possible from the system. Most of the transaction take place in the world are in the form of paper money by the banks and this is can not be easily removed. Banks also become a major part of our economy that removal of them is not possible and banks is based on paper money. Banks and paper money are the core of economy and they will get modify in future.
Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
I agree, governments are wise when it comes to money that’s why even thou cryto currency keeps on upgrading still paper money cannot be replaced easily. Many people likes to have their money right on their hands but still it safer if it is not. 
Paper money continues exist because government needs it to show existence. So, difficult if paper money will disappear, even to be replaced with a digital currency. Because bitcoin or altcoin exists to make it easier and not to replace because has no regulator its circulation.
Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.
Paper money is unique among payment instruments in that anyone can transact anytime,anyplace.It is considered more convenient and versatile.No matter what, the connection with paper money will be hard to break.
I think the use of paper money will decrease in the future, environmental lovers definitely support the use of digital money
because it is more environmentally friendly ..
because it is more environmentally friendly ..
I personally don't think that paper money will be banned.Because there's still majority percent are using paper money only a few of us who are using crypto currency through bitcoin has a real value but the future of paper money is safe
The thing here is, who will ban the paper money or the fiat? The government will not be using a digital currency as their national currency since it is decentralized. They may create a digital currency but it will not be a decentralized one. Many people are still using fiat since a lot more people do not know what a digital currency is.
Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.
In fact, I think it is nearly impossible sort of thing. Paper money will remain at its own place but the number of people holding paper money will be reduced.
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?
Clearly I see the future, even electronic money will be if accepted, then transferred to paper. This is money that is felt and people believe in them. And to the electronic yet not used, do not even know the mechanism of payment. 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 personally don't think that paper money will be banned.Because there's still majority percent are using paper money only a few of us who are using crypto currency through bitcoin has a real value but the future of paper money is safe
Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.
Bitcoin is just a payment system according to the government and it cannot stand alone with fiat.
Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.
Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high. governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
Yes I agree. 10-20 years paperless money would be possible soon. Though its so risky but I think the authorities can implement or formulate regulations of bitcoin usage. If paper money will be eliminated we can also save our nature because paper money are from the trees. People are increasing and our forest are getting small. We need to preserve our trees also. Paper money in the future will be eliminated.
The use of direct transactions with paper money continues to decline, we can see that payments on toll roads, hospitals, hotels, restaurants to online shopping do not use paper money, it makes me believe that the future of paper money will soon disappear.
paper money will serve for many years in the global sense. because it meets the needs of the present. cities and towns. salary fields. There is so much interaction. maybe it will be a regional decline, but when we look at it as the whole world, the situation is getting worse. culture will come into commission. level of development will come into play.
In my opinion future paper money will be not so good. It will be vanish in near future. Everyone wants to go cashless while they are shopping their goods. People use debit card, credit card, visa card, etc. For online transition, purchase people use paypal different banking application. Bitcoin is also a medium of online transition. In this way people neglect paper money. In many developed countries electronic money is widely used hence their people much aware of electronic money. While in developing countries it takes time. In those paper money kept first priority
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 is a very good platform for earning money and is really doing great since it started and has gained huge popularity and users throughout this journey. But still I don’t think that bitcoin will be able to replace money because firstly, it’s way more popular than bitcoin and because of which it has gained huge amount of users. Secondly, it is a stable form of currency which means that its value does not fluctuate often whereas bitcoin value fluctuate a lot. Then it is regulated by government so it increases the stability whereas bitcoin is not regulated by any government. 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?
Jump to: