With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.
Yes this is a possibility which has high chances of becoming true.Even now bitcoin is accepted in some local stores as a mode of payment and in future yes more stores will start accepting bitcoins or other altcoins.Now many people have access to atleast smartphones so there is a high chance of paper money being replaced by these cryptocurrencies.The reason being that it's hard to steal unlike paper currency which can be stolen.And yes the transactions time and fees of many altcoins are very less.So yeah there's a high possibility of cryptocurrencies replacing paper currency.