Post
Topic
Board Economics
Re: Does this mean Cash will be extinct?
by
kyasarin1205
on 08/11/2017, 22:39:34 UTC
I Believe someday we’re not going to use cash anymore. But that doesn’t mean it’s bitcoin’s fault. Most of Us now wants Easy Access to their Money. They want to buy something without bringing a real cash with them. Because they’re afraid of being robbed. And because of Innovative Technology that we have now, transactions are always made through the Internet. I believe a few years later from now. There will be a cashless society where nobody needs money anymore. So it’s possible for the cash to disappear sooner or later.

Yeah it is possible but it is not necessary for cash to be extinct. Using digital money may be convenient and has faster transactions  but still we need paper money.  Imagine in the future if the internet connection is cut off or shut down due to big reasons.  We know that cryptos need internet to function,  it will be better to have paper money for back up.