Digital money definetely eliminates the paper money involved in the system. But would it make the system completely cashless is the main question. Well, it can definetely bring in a "less cash" drive than the cashless one. Offcourse achieving a cashless society is the bigger goal but we need to wait for that for a while. For now, less-cash society is whats being offered with the advent of digital money, and the whole digitization process alltogether.
Offcourse the cryotocurrency will add to this in a good and substantial way as it is based completely on digital money, created and existant over the cloud. This if regularised in a more advanced and accepting way, will definetely pave ways for cash-less economy and will eliminate problems assiciated with paper money like theft, laundering, corruption, etc.
Nah digital money wont eliminates cash or fiats even if the cryptocurrency dominates the whole world.
Fiats and crypto will soon be merging but not in the sense of will combined,what i mean is even if crypto will be uses for every transactions of service we might have,but without electricity Cash will take over,isnt it the reality?
There is a possibility actually if we would just see the whole world in favor of cryptocurrency, but right now since some of them are not in favor it is hard to tell our conclusion at this early stage, let us just enjoy converting and making money in crypto buy investing and holding it.