The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.
I don’t know the possibility of totally eliminating the paper money and how good it is going to be. Paper money isn’t that bad, it is easy to use when it comes to some day to day spending. Cryptocurrency is also good in his own way, it is just up to you who is making use of it to decide which one is going to work for you at the moment. So, I don’t really see the need to eliminate one for another.
For some people cryptocurrency is hard for them to use, so they just prefer the normal paper money. Then for those of us who are tech geeks, we prefer to make use of cryptocurrency and other technologies that are meant for payment. Everyone should simply go for what works best for them.