Post
Topic
Board Economics
Re: Does this mean Cash will be extinct?
by
munify
on 21/05/2018, 15:35:26 UTC
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

It depends on the state government, if the government is interested in the crypto system and uses it as the country's currency then the fiat currency will become extinct. But if the government forbids crypto entry in the country then the fiat currency will still exist as a means of transaction.