Paper Money vs. Digital Currency

[Prime]

We can see many countries have created digital currencies. They know in the future, every country needs digital currency to have an effective financial system. Yep, paper money and digital money seem to use together in the future. So, people will have many options to use money in life.

[debra]

Yes I agree that the paper market is more used by people because:
- Used for a long time
- Many people or merchants also accept this money
- Many people are not strange and have been familiar with paper money
- Digital currency is one and not all people can use it

[ayatoslaw]

They believe in paper money because everyone uses it and the country supports it with regulations, digital money will sooner or later be used all over the world, because technology development is getting faster, economic activity will also develop.
Cryptocurrency offers financial freedom, which is why many people believe that cryptocurrency will be massively adopted in the future.

[TomPluz]

The new generation of people are more prone to adopt new technology and that is where change can start. In convincing people to go for digital, there is no need to impose it on them because eventually the convenience and speed in using digital money can be enough for them to take a look and maybe try. Now, it does not mean that paper money will really be gone for good because there are remote place and people who may have a hard time adopting the same all because digital money is using technology whereas paper money is not. So what I am seeing is that soon we can see digital and paper money to be two choices for anyone to use and I am sure soon people will have these two options at hand.

[Senin]

Cashless payments have existed before and they always came with cash. The digitized currencies of states will be more convenient to use, but they will not be able to completely displace paper money from circulation. Sometimes there is a need to complete quick household transactions and one of the parties may not always have the technical means to complete it. In addition, it is necessary to understand that non-cash payments are always full government control over the spending of your money. I personally do not want to always go under such a financial cap.

[zilzylian]

~snip~
Therefore, it is very difficult to adopt digital currency worldwide. Because consumers are not familiar with this new technology and they are not willing to use this payment method. Because they still don't believe in this technology.
So, how do we persuade people to adopt digital currency?

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Before paper money, we were familiar with the barter system and coins in gold.
This happened because in the past there were no banknotes or fiat currency.
If we look at the current blockchain system and technology, we can wait patiently to see the financial system and transactions and digital currencies will happen, all that takes time and the payment system cycle will always change over time.

[Hometown]

Yes I agree that the paper market is more used by people because:
- Used for a long time
- Many people or merchants also accept this money
- Many people are not strange and have been familiar with paper money
- Digital currency is one and not all people can use it

The main reason to increasing digital currency uses that people are preferring to have some things which have varieties. Digital currency has a varieties and it can use without risks. Paper money also very favourite where digital currency not applicable.

[tervel]

  At the beginning I approached cryptocurrencies for the huge rate of growth and to be able to take advantage of this trend. But subsequently I discovered a new form of digital money and a new industry that is unstoppable. I think that over time it will be able to take on more and more markets until it becomes global.

[crevbi]

paper money will soon end its existence in the next five years, the active introduction of state cryptocurrencies will begin by 2030, I think only collectors will have paper money

[pelana vreo]

paper money will soon end its existence in the next five years, the active introduction of state cryptocurrencies will begin by 2030, I think only collectors will have paper money

I see you seem very sure of that.
I also have the same view, but in today's systems and technology we need an adequate source of electricity and resources, in the future we will see that everything can be done with 1 click, but all systems will have flaws, we will look at paper currency and digital currencies can be used together.

[Galaxy]

 In the 90's most people used copper and silver coins. At present evolution has resulted in paper money. Paper coins are used for shopping in various shopping malls. 99% of people believe in paper money. But now virtual currencies are traded. Virtual currency transactions do not require a third party or bank. The transaction is convenient. So the transactions for different organizations and export imports. In those transactions, bitcoin is traded using blockchain technology.

[indexx]

Indeed, it will be difficult to make or change someone's habits, especially if it is an ingrained belief. I myself am also not sure if people will accept digital money and replace paper money. The process required to educate them will certainly be very long.

[de_prof]

Indeed, it will be difficult to make or change someone's habits, especially if it is an ingrained belief. I myself am also not sure if people will accept digital money and replace paper money. The process required to educate them will certainly be very long.

Yes, you are right. It will  need  along time to educate people and change their habits.. But I still believe at digital era we will see many people will use digital currency , not use paper money again.

[shiming]

This is just like the emergence of cars, followed by the development and progress of the times. Society will let us eliminate paper money. Let us enter the era of electronic money.

[sidik7]

the use of paper money is still very important and its use is also applied in all sectors and for digital currency, its used for long term assets and there are still many who are reviewing the implementation of the technology applied and its benefits if it is used in the future.