Post
Topic
Board Economics
Re: The future of the paper money
by
freedomgo
on 26/11/2016, 03:44:08 UTC
Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

but if people then ask for prefer to use digital money like bitcoin ,
what do you think will happened to paper money?
what if then paper money considered as outdated money?
everything possible as technology develop faster , and people very welcome to it.
I think there will be a whole everyone in the world would do that? certainly there may be some people who will retain and continue to use paper money
I think the digital money will be popular but it is not going to make paper money disappear
The same idea is also in my mind but there is also a doubt in my mind that nowadays I am looking that everyone is using their debit cards for to spend their money and to keep their money that show us that people are now loving to use digital means of payment so it is a possibility that in the future people will forget about paper money.
Bitcoin would be easy to use than debit cards if more establishment will accept bitcoin. It's easy for them and for use and they can increase their income the same with lessening their workforce. It's convenient to use it.