Post
Topic
Board Economics
Re: The future of the paper money
by
Sled
on 04/12/2017, 11:28:51 UTC
The future of paper money is fully secured and established.It cannot disapper in the future.The daily transactions in the world are done by paper money.The illiterate and common man still use paper money for daily livings.Banks also give us paper money for loans.They do not pay us in cryptocurrencies as they do not have any control on cryptocurrencies.Many nations still do not know about the cryptocurrencies and cash is the only way.Cryptocurrencies are also in demand but it will it take many decades for them to compete with the paper money or fiat money.
But with digital money, there are too many advantages than paper money, there's still a chance for it to replace paper money and become the most popular payment in the world.
For so many years, we have managed to get rid of traditional letters in envelopes, airline tickets, .so it's time for change and paper money
Actually, why  paper at all? It can be a new kind of "smart" credit card. The virtual currency has its charm because it is the forerunner of a turning point in the history of money - change
The cryptocurrencies will become the source of idea for the future of paper money and that kind of ideology will make the government to make their own type of digital currency that will bring more thing to the people for being convenient in their money. The future of paper money is still bright like it used to be because the governments will not let the paper money to disappear.