Post
Topic
Board Economics
Re: How much longer until paper money is no longer in circulation?
by
Bananington
on 26/01/2023, 10:41:16 UTC
How long do you think it will take for paper money to be phased out for good? Will CBDCs be able to replace not only paper money but also credit/debit cards? Your input will be greatly appreciated. Thank you. Smiley
Why so much in a hurry for it to happen. Paper money will go out at the right time when people are already very used to operating, Buying and selling without paper money. Around some of us, this is already happening, people are used to paperless economy, but not the same situation with everyone everywhere. The time when paper money will go out of circulation completely will happen with even the government forcing it to happen, it will just happen because will no longer see it as something to do when there is the safer paperless method for transacting.