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.
I think paper money will never disappear. Paper money can be used by everyone without needing internet system. internet system won't be available everywhere and forever, that's why cryptocurrency won't replace paper money. all they can do is reducing the circulation of paper money, replace it to fiat money. less cash, not cashless like what is happening in Scandinavian countries.
Even if it does not disappear entirely now, I am still very sure that a time will come when there would be limited usage for it. I cannot say much for countries that may have some limitations as regards to internet and technology, but for most developed countries and even some developing countries, things are already getting cashless, and I believe as time goes on, with this new generation taking over, it would be hard to even find paper money in circulation.