Post
Topic
Board Economics
Re: The future of the paper money
by
Schuyler
on 04/07/2016, 09:57:22 UTC
For me I do not think that there is coming a big surprise for the paper money in the world because paper money will always be the number one paying method for the most people so i do not think you should worry about that.

Paper money is very hard to determine what is going to be its future. But still that is not a problem because people tend to use paper money.
And I don't think paper money is going to be out of the league when bitcoin gets popular at all.
It will exist forever in my opinion because that is the simplest means to use in all kind and forms of transactions, you can easily use it anywhere with the need of power and internet.
as long as there is internet, it can be used bitcoin. paper money will be lost. gradually everything will change for the digital age. bitcoin is a reformer at the same time the future for financial transactions in the world.

We cannot expect that each and every shop will start accepting bitcoin as a mode of payment especially in poor countries, people who are not still aware about how to use internet we cannot expect that them to use bitcoins.
I think there will be a decrease in the amount of paper money in circulation, maybe to save on printing and other costs, but it will never go away. It could evolve into some other form but it would still be around, longer than you could ever hope to live.