Quote from: Sweeet123 on December 24, 2017, 05:26:10 PM

Quote from: ss890 on December 24, 2017, 06:14:37 AM

Quote from: yselacreyo3 on December 24, 2017, 05:56:52 AM

As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?

There is very less possibility of this happening in the first place. Because,
1) We are already using the current physical money in the form of digital linking, using credit/debit cards, Internet banking, Mobile Banking etc. So you see we have already achieved some great milestone in the traditional financial system.

2) Also, There is no use of the crypto currency in real world because it is not much stable as compared to the fiat currencies. The stability is really important for the day to day life use. So these are valid reasons for which I don't think that crypto's will replace the fait so soon.

True that, plus majority of the people worldwide are still not familiar about how cryptocurrency works

No cryptocurrencies cannot make physical money disappear.The physical money is used by all the people of the world.It is used in all the international transaction ls and is accepted worldwide.We can use physical money anywhere and anytime but for cryptocurrencies we need internet connection and some basic knowledge to operate them.Internet connection is not possible in every corner of the world and many people in the world are still illiterate so they don't know how to use the cryptocurrencies.Moreover cryptocurrencies are not even legalised in many nations as they are decentralized and are very volatile unlike the physical money.