Future remains intact of the paper money as worldwide there cannot be one currency. Paper money will not disappear anytime soon, maybe it will be replaced by something else similar to paper. Bitcoin could act as an secondary currency if country adopts it.
I think this is more depending on generations. The older generations want their paper money, which they can feel and carry around. But the younger generations prefer the plastic money by just having one credit card. In the next 20-30 years we will see the paper money more and more disappear.
For politics it would be great to get rid of all paper money as they can fully control virtual currencies.
Well, it depends, younger generations may want their card so as the old want the paper money, but they won't be the one deciding when will paper money disappear.. It is the government that will decide which one is better for the state... Most probably, politicians might probably the first one to object to going digital..For sure they will hate the transition period...
Yeah you are right. But any government would prefer electronic money to paper money as the control abilities are much higher for virtual currencies. For example now negative interest rates for consumers are just not feasible as the consumer would just pick up the money and store it at home.
With virtual currencies there is no way around it anymore.