Topic: The future of the paper money - page 9. (Read 416598 times)
when the cryptocurrencies boomed many are predicting many changes including the idea that crypto could replace fiat. maybe technology has affected the value of paper money but still i believe paper money will always remain.
I think cryptocurrency will replace the paper money.
Why? Because its the trend of the world
Why? Because its the trend of the world
There is a possibility that prediction of yours will going to happen but maybe you will wait 50+ years from now simply because not all people know how Bitcoin will work then at this moment not all countries are digital technology dependent specially the third world countries in which majority of the population is poor. If the whole world will become 100% dependent to digital advancement then of course the paper money will become obsolete.
This will certainly happen someday. But not in the next 5-10-15 years. Now everything is tied up with fiat money. It takes time to transition.
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?
There is no threat to paper money in near future, although in modern age most of the people are giving preference to digital currency and online shopping but still the majority of the people have yet not available the facilities of internet computer, and still more that 30% are illiterate and no knowledge about computer and internet therefore still it will take a lot of time all the people of the world will use bitcoin.
the future of paper money will be replaced by cryptocurrency, especially bitcoin. But now the cryptocurrency is being opposed and forbidden by the government. But I still have a strong belief that the next 10 years will be popular, replacing paper money completely.
paper money could be history in currency, now crypto is still a dream. payment using crypto is still quite difficult to use daily so dont be happy with this news, this is still a discourse on the application of crypto in the future.
paper money will dominate for a long time, as long as crypto transfer rates have not been fixed.
paper money will dominate for a long time, as long as crypto transfer rates have not been fixed.
Paper money is the identity of a country, people are easier to recognize paper money than other symbols of the country, and this is certainly a big consideration for all countries to continue to keep paper money, so whatever happens I am sure that paper money is always there.
Yes it is paper money is the most constant of them all, it is used for the medium of exchange for goods and services within our economy and it our country's official, paper currency.
Bitcoin is not that popular and you will be having a hard time using it in most of your needs, crypto as a whole will surely progress
but paper money will remain widely use.
Which we must think of is the transaction can not depend on the internet network, if the internet is problematic then of course the economy is disturbed, the presence of paper money is simplify the transaction and does not need the internet so it can be done anywhere, so I'm sure that paper money will never disappear.
Paper money is the identity of a country, people are easier to recognize paper money than other symbols of the country, and this is certainly a big consideration for all countries to continue to keep paper money, so whatever happens I am sure that paper money is always there.
Yes it is paper money is the most constant of them all, it is used for the medium of exchange for goods and services within our economy and it our country's official, paper currency.
I think cryptocurrency will replace the paper money.
Why? Because its the trend of the world
Why? Because its the trend of the world
Paper money will stay forever.
Why? Because its easier to make and use than coins
Why? Because its easier to make and use than coins
Paper money is the identity of a country, people are easier to recognize paper money than other symbols of the country, and this is certainly a big consideration for all countries to continue to keep paper money, so whatever happens I am sure that paper money is always there.
I believe the future of paper money is bright as it is. I don't think people or banks and even governments
will replace paper money with digital currency. I think they will somehow learn or develop things to exist with
having both as options for the people. Paper money is not something easily abolish or something we can all
just live without in an instant. A lot would and will still prefer having able to hold and keep physical money
on their wallets and disperse in some automated machine. It's a big world and I believe digital and paper
currencies can coexist.
will replace paper money with digital currency. I think they will somehow learn or develop things to exist with
having both as options for the people. Paper money is not something easily abolish or something we can all
just live without in an instant. A lot would and will still prefer having able to hold and keep physical money
on their wallets and disperse in some automated machine. It's a big world and I believe digital and paper
currencies can coexist.
I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
Paper money is good but its old and not as much as helpful like electronic money 
. You can access and use your electronic money in anywhere you want to use with simply taking help of Internet. In this Morden world everyone wants to go cashless while they go for shopping, no one wants to carry an bundle of paper note with them and in this case electronic money help them. Even in many countries their government encourage people to use more and more electronic money. So in my opinion paper money has a future but not for long time. 
everything gonna digital in future and people will adopt the change and get into the digital world, but paper money still will be in existence, but we would find more users of digital currency then paper money.
I am sure that paper money will last forever because transactions in all countries can not rely solely on the internet. I think Paper money in the future it still exists, I dont think it will disappear even years from now. Although Bitcoin is continuously knowing by people and grow significantly. 
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?
In the next decades, i do not believe paper money will exist. 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?
Digital money is getting bigger for a reason, and one of those primary reasons is the salvation and protection of trees indirectly as well.
Think of how much pollution we create. If paper money is converted to digital money, counterfeit will not be created and the environment will also be protected in this process.
Probably paper money making people to trust. Digital money is not that valuble so government should wait and let people choose what they want digital or paper money.
In the future, we will not see paper money that's for sure, only when? Still it is necessary to do a lot of work for full transition to electronic currency
Yes, it is very true that in future the use of the paper money is getting lesser day by day and people are relying more on cashless pays and perks. In Australia people do not get the cash for their pay because the government don’t want them to keep the paper money in their pocket so that there can be less crimes in the street for snatching. Now time will decide whether people will go for electronic money or the digital money in the future but it is too soon to comment on that now. 
The future of paper money is not so nice. It will not totally end but popularity will go down day by day. Because credit cards are much easier many people do not carry paper money nowadays.
But I believe the popularity is only reduced to a certain extent because although I know society will be more modern and developed in the future, however many people will still like simplicity and convenience, not everyone likes to use credit cards. We can see a clear fact in this society, credit cards are still in the development phase, people always prefer to trade with paper money, it almost has become a habit in the transaction, want to change that in the future, it will be a long process, can take many centuries 
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?
It has plenty of future. Many of the money launderers of the world work in cash because is much more difficult to trace and while that exists it will have a future.
Money laundering crime is always present with or without bitcoin, if anyone thinks that the presence of bitcoin will make money laundering crime rise of course this is wrong, people will not dare to put big money into bitcoin because it is very risky.
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