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Topic: will humanity stop using cash - page 33. (Read 4035 times)

newbie
Activity: 128
Merit: 0
October 07, 2018, 01:53:26 AM
#86
I don't think this is something that will happen anytime soon. There are a lot of countries where crypto are still not accepted and even in the ones that they are accepted, with still have even the young people population that don't believe in crypto even though this kind of process is basically dependent on the government policy but I don't see this happening soon.
member
Activity: 392
Merit: 38
October 07, 2018, 01:24:37 AM
#85
Presently, there are countries that are not using cash already and they used credit card/debit card to pay everything or to buy anything they want. Here is the list of top 10 countries that are cashless https://www.telegraph.co.uk/money/future-of-money/10-cashless-countries-world-does-uk-rank/ those countries belong to the 1st class countries.

This is one indicator that cashless world is really possible, not in an instant but takes many years for people to adopt this huge change and the future is using cryptocurrencies. Yes, people will doubt at first but once the majority of the community will be using cryptocurrencies I'm pretty sure people who are not into crypto will be curious and give the confidence to be part of the change in the society.

Education is the key for everybody to have confidence in participating cryptocurrencies!
sr. member
Activity: 588
Merit: 254
October 07, 2018, 01:14:20 AM
#84
Nope! humanity is never going to stop using cash, cash has its own special feeeling it gives and that makes humans emotion connected to it.
Emotions connected to cash system? Lol!

I'd rather believe that people get used to it since cash was being used and as long theres government who do imprints and do make use of this system then this wont really vanish for sure even
how many good innovations would be created when it comes to payment system.
I don't think emotions have something to do with cash payments. It is the ease that humans are fond of. Paying cash is a lot easier than paying with a device and waiting for the transaction to confirm. If in future we could get some better version than it is possible to use crypto instead of cash.
full member
Activity: 938
Merit: 137
October 07, 2018, 01:04:27 AM
#83
I do not think that we will soon fully switch to the use of cryptocurrency in our lives. The volume of use of cryptocurrency will expand, but its level of application will not exceed the amount of use of non-cash and cash. I can’t say how soon it will be in high-income countries and industrialized countries, but in other countries cash will exist for a very long time. The world as a whole is not ready yet to refuse cash.
member
Activity: 1260
Merit: 21
October 07, 2018, 12:51:06 AM
#82
I think for some reason cash will still be in use even in the distant future. The value of bitcoin is in cash $ as well as every other crypto, so I believe even if we are going to be using cards and cryptos for major transactions in the future cash will still be very much accepted.
hero member
Activity: 2730
Merit: 632
October 07, 2018, 12:46:42 AM
#81
Nope! humanity is never going to stop using cash, cash has its own special feeeling it gives and that makes humans emotion connected to it.
Emotions connected to cash system? Lol!

I'd rather believe that people get used to it since cash was being used and as long theres government who do imprints and do make use of this system then this wont really vanish for sure even
how many good innovations would be created when it comes to payment system.
full member
Activity: 966
Merit: 104
October 07, 2018, 12:44:23 AM
#80
In the near future, humanity will not fully switch to the use of cryptocurrency. All forms of payment - cash, non-cash money and cryptocurrency will exist simultaneously. And I also do not see that the advantage in the volume of such use will belong to cryptocurrency. However, this will depend on how the further improvement of cryptocurrency will go. The use of cryptocurrency fully depends on the availability of appropriate technical tools and the Internet, and is also very susceptible to various kinds of malicious programs, hacker attacks, etc. Also, to use it, you need appropriate knowledge and certain practical skills. All this will prevent a full transition to the use of cryptocurrency.
copper member
Activity: 411
Merit: 1
October 07, 2018, 12:43:25 AM
#79
Nope! humanity is never going to stop using cash, cash has its own special feeeling it gives and that makes humans emotion connected to it.
jr. member
Activity: 56
Merit: 1
October 07, 2018, 12:41:11 AM
#78
Think about this: printed notes with a QR code that has a private key to a wallet with x coins assigned to it. Paper cash functionality on top of any blockchain.
member
Activity: 308
Merit: 49
October 07, 2018, 12:36:58 AM
#77
Of course, developed countries will adopt cryptocurrency in the future, and this can be an alternative payment. Cash will still be used for payment because not all countries have the same rules regarding using cryptocurrency
sr. member
Activity: 686
Merit: 250
October 07, 2018, 12:28:51 AM
#76
Digital money will support payment, not completely replace the cash! As a result, cash will still be widely used, and there will be no major changes in the coming time.
member
Activity: 260
Merit: 10
October 07, 2018, 12:25:58 AM
#75
I have a vivid discussion with my friends lately. They say that one day people will forget what cash is and they will start use card only. Then the era of the changed and innovated cryptocurrency world comes, and we will stop using money and switch on crypto coins only. They say it might take twenty or thirty years, maybe longer, but it is a sure thing to happen, they have no doubts about it. I am not so sure... well, people might give up using cash as it is not that convenient, but giving up money as whole? I really really doubt it, it seems so impossible for me. What do you think? Maybe we will start using something brand new, neither cash nor cards? What is the future of the cryptocurrency world, anyway? Will it die in fifty, sixty years or it is going to be a thing that will live forever? Let's dream for a while Smiley
It may but not all and it also takes a lot of time because not of us are good in technology and some countries cannot handle great technology because their fund was not good enough to sustain those kind of activity hence cashless world may seem cruel because there is a lot of people who knew hacking and it may seems risky for everyone to store their money online.
full member
Activity: 868
Merit: 116
October 06, 2018, 10:24:35 PM
#74
There is no possibility for humanity to stop the use of Cash, Cash currently is the most official and valid way of making exchange.
member
Activity: 310
Merit: 10
October 06, 2018, 10:11:50 PM
#73
that is possible in the future. many people will change from cash to cashless payment system. it can be effective for our life
for example, can avoid from thief or any bad things
jr. member
Activity: 392
Merit: 3
October 06, 2018, 10:06:55 PM
#72
if in my opinion, almost everyone has started to like making non-cash transactions, bro. because they consider carrying large amounts of cash when they are in doubt that transactions are more risky with robbers and so on. especially now that the world of bitcoin is present ..the easier it is to make transactions both domestically and abroad, bro.
member
Activity: 490
Merit: 11
October 06, 2018, 10:01:20 PM
#71
I have a vivid discussion with my friends lately. They say that one day people will forget what cash is and they will start use card only. Then the era of the changed and innovated cryptocurrency world comes, and we will stop using money and switch on crypto coins only. They say it might take twenty or thirty years, maybe longer, but it is a sure thing to happen, they have no doubts about it. I am not so sure... well, people might give up using cash as it is not that convenient, but giving up money as whole? I really really doubt it, it seems so impossible for me. What do you think? Maybe we will start using something brand new, neither cash nor cards? What is the future of the cryptocurrency world, anyway? Will it die in fifty, sixty years or it is going to be a thing that will live forever? Let's dream for a while Smiley

      Digital currency is very suit to use for payments in large transactions and cryptocurrencies is purely digital so  it can be apply on it , but it depends on adoption of those people involved in large transactions like import and export business .
sr. member
Activity: 616
Merit: 252
October 06, 2018, 09:34:58 PM
#70
It is not impossible but at least in a hundred years from now, maybe. Not all countries are much developed as compared to those giant countries like  China. But I say I support this change.

I think it would take a long time before people would be able to shift to a cashless society because as what you said, not all countries are as progressive as China and other developed countries wherein they can easily shift to cashless society because some of them are totally using a card nowadays or an app wherein you can pay through your phone and no need to bring cash. However, in countries where it is hard to even access an internet connection then it would be hard to stop using cash.
full member
Activity: 932
Merit: 100
arcs-chain.com
October 06, 2018, 09:20:51 PM
#69
I look forward to a future where humanity does not use cash. I think China is a pioneer country does not use cash. I read an article, beggar in China also use electronic payment system.
member
Activity: 182
Merit: 13
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October 06, 2018, 09:13:26 PM
#68
It is not impossible but at least in a hundred years from now, maybe. Not all countries are much developed as compared to those giant countries like  China. But I say I support this change.
hero member
Activity: 1106
Merit: 502
October 06, 2018, 09:03:20 PM
#67
I also think there and it requires the right time for all of them and you can check later when our hair turns white.
Now also in the country I have used a lot of cards for every purchase of goods and it has been proven that cash will soon become extinct.
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