If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change .
and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep
What will the future bring for us and the paper money off course there are so many people using the bitcoin right now but i dont know what they will use
inthe future i think they would use paper money instead of bitcoins for sure.