Topic: Will future paper money disappear? - page 23. (Read 2500 times)
Quite possibly. The time of paper money is actually coming to an end and we are about to usher in the age of cashless societies where you won't have to worry about carrying a wallet or carrying around wads of cash and always be scared of losing your money. Paper money will not survive much longer especially with the emergence of cryptocurrencies.
No doubt that cryptocurrencies are developing and their popularity is increasing at a very fast rate but I don't think that it will make paper money disappear in future.This is because paper money has a physical form and it's usage is more simpler than that of Bitcoin. It does not require any sort of internet connection and can be used everywhere.Unlike cryptocurrencies,paper money is under proper supervision of government and banks so no government will allow such currency over which they have proper control to be replaced by a currency over which they have no control.Moreover it is difficult for cryptocurrencies to gain the amount of trust that paper money has.So I don't think that paper money will disappear.It will work hand in hand with cryptocurrencies.
Well, technically we can not say what could happen in the future. But for me, I think this would not happen. First of all, if we look at the purpose of bitcoin, it does not give any reason to replace paper money. For me bitcoin was created to bring faster, anonymous, and decentralized money transactions which the current systems cannot give. It was created to patch up the holes created by the current system we have. So I think it is best to have it this way, where bitcoin and money both exists.
Maybe. Could possibly be. Since year 2000 i used to received my salary in the bank. I only got pay slips and i had atm card connected to my bank account so that was already cashless. Now i am working abroad i am getting my salary also in the bank. Everything i get in hand is only numbers and papers.
I can not say it will, but from the rapid technological advancement and the changing times I'm sure the paper money will not be used anymore,
all will switch to digital money like through Paypal, Payoneer or other, it could even be converted into cryptocurrency.
all will switch to digital money like through Paypal, Payoneer or other, it could even be converted into cryptocurrency.
I don't think fiat will ever disappear in the future given the fact that bitcoin hasn't achieved a global acceptance yet. There are still countries who are against the cryptocurrencies and that what makes it hard for cryptos to replace fiat easily.
Fiat will remain effective for some time in the world because right now there are two different options with total different implementations if the world wants to go cashless. First is that there will be the banking systems in all the third world countries as well so that people can get the benefits of going cashless whereas other is that bitcoin will become the universal currency and people will prefer doing transactions in this. In both the ways fiat will stay for 2-3 decades from now.
I think that cryptocurrency will replace all paper money, because it is useful, fast and easy. Many people believe in bitcoin more than their national currency, and I too.
fiat money will not disappear, because not everyone can understand crypto money and also knowledgeable on the internet. if paper money is lost and crypto money as a replacement, it will be very difficult to use daily payments. Because why? because crypto money is never stable
At this year and in the coming year, we will have a hard time predicting if paper money will gonna disappear, but for sure a big change will gonna happen in the future, and it might be the change that we will have a world with cashless society. So, we don't know when it will gonna happen but we should be ready and embrace the fact in case.
fiat money will not disappear, because not everyone can understand crypto money and also knowledgeable on the internet. if paper money is lost and crypto money as a replacement, it will be very difficult to use daily payments. Because why? because crypto money is never stable
With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.
Yes it will happen if bitcoin got more support from people because bitcoin is like transferring the value of money from paper money to bitcoin,But it is impossible to replace completely the paper money because we don't have internet access in every corner of this world.But bitcoin gives us freedom to use our money without anyone's permission. Please give your opinion.
Making paper money disappear means Government will be control of the crypto market,and the blockchain is not design for any third part control
paper money will be less and less but its replacement will mostly likely be its electronic equivalent. Cryptos will gain some of the payment market share but will never replace FIAT as long as national states still rule the worlds.
all the paper money will be lost? probably not because there are still so many countries that do not have internet access and still relatively primitive. I know cryptocurrency is now starting to grow rapidly but like america they forbid their citizens to have bitcoin or other altcoin because according to them bitcoin is a threat to their currency.
bitcoin is still not accepted by all countries, so it is very difficult if bitcoin or other altcoin to erase paper money.
bitcoin is still not accepted by all countries, so it is very difficult if bitcoin or other altcoin to erase paper money.
I think paper money cant be destroyed at all because of Here is no chance the whole world people to provide the Facilities of Cryptocurrency money to use it.If they can provide the people to people it will not be so easy.The Illiteracy Rate is large.So how can we think that paper money will disappear?I Don't think so.
There is no way in which paper currency will disappear as a result of the introduction of crypto currency. Even if the adoption of crypto currency increase significantly that will not in any way.
Well, we all don't have idea about what will gonna happen in paper money in future, but I think paper money will never disappear in our economy, because if you are going to notice this is the simplest way that even low level person can have cash, and second is that not all can have wallet for BTC and other coin and not all too can have idea on how to use there wallet, and that is the reason why I think paper money will strongly exist in the future.
I think paper money WILL disappear but not today because many people are still ignorant with digital money and people could not easily adopt cryptocurrency, so people need time and crypto must be exposed more before paper money could disappear to be replaced by cryptos.
I think not, Bitcoin is different from paper money. Paper money will remain in use, because the use of paper money is easy. unlike Bitcoin which uses how to use the internet, Bitcoin and Banknote will run according to their respective usability. I also feel that traditional people will be easier to use Paper money than Bitcoin.
With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.
Soon! As the technology will be dominated around the world. If all people are educated already in using of bitcoin as well as the technology, it maybe a reason that will make paper null in the future. As of now, we can't say that it can be. But as the futire speaks, maybe there is a possibility fo crypto to change the currency right now. Please give your opinion.
With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.
although digital technology is going to grow all over the world, the existence of paper money will never be replaced by most countries that appreciate the history that exists in each country itself. digital technology has been recognized as a modern advanced technology but its existence will be set by the government. Please give your opinion.
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