Post
Topic
Board Economics
Re: The future of the paper money
by
Ipwich
on 25/09/2017, 10:38:38 UTC
Paper money is now on the verge of extinction as more and more people nowadays are open to the use of cryptocurrency.   Their curiosity leads them to know more about the new trend in business.  So, we cannot halt or stop as we are leading to the world of technology so as everything we are using now will end us digitally...

Yes i agree paper money will fall, because now more people are now using their credit cards in stead of their paper money even more people are using bitcoins to buy things.

Eventually in a few years paper money will be gone. Everyone will use credit cards and bitcoins.
Paper money is unstoppable since it is backed up by the government and the government is the one who is controlling the paper moneys and who is ordering people in different branches of government to continue printing and that is why there is inflation but if you will have a good financial education you can fight the inflation by doing investment and using other types of payment like bitcoin.
Whether we like it or not it will not be eliminated in the circulation, more people will get the benefits when paper money is will
still be in circulation and the government always listen to the voice of the majority and to their benefits.
We can see bitcoin progress and other digital currencies but paper money will remain.