Post
Topic
Board Bitcoin Discussion
Re: Will Cryptocurrency change financial institutions completely?
by
Lagonda
on 17/02/2019, 06:16:48 UTC
Get rid of all the cash?
Probably sometime, but this is still a long way ... of course, this is not only our (user) goal  but also (probably even much more) governments, because cash still remains the most difficult way payment to track down...

I don't think "get rid of all the cash" is a long way to go. Using QR, China successfully built its own cashless society[/url] with 1/7 of the world's population: https://www.bloomberg.com/news/videos/2018-08-23/china-s-cashless-society-video

Well I went to a NEO coin Developer Convention today and based off everything they were discussing it sounds like Europe, Asia, S. America and N. America are getting ready to completely get rid of cash and unite the entire global economy. Those of you blockchain developers what are your thoughts on this?

Utilizing blockchain to carry out cashless transactions is highly possible but that would be digitized banking with USD-backed or GBP-backed cryptocurrency instead of BTC, ETH or NEO. It's very difficult to reach something we call "decentralized".