Paper Money vs. Digital Currency

[raisajahan]

Paper money is that which is tangible and physical existance one the other hand digital money is that which has no physical existence. Also digital money is transferable to other wallet within few moments but paper money is not possible within short time. For that reason i really prefer digital money other than physical or paper money.

[therozaq]

Paper money is that which is tangible and physical existance one the other hand digital money is that which has no physical existence. Also digital money is transferable to other wallet within few moments but paper money is not possible within short time. For that reason i really prefer digital money other than physical or paper money.

Yeah paper money is tangible, crypto is digital currency.
I think we will see the digital era, the people will move from paper money to digital asset or crypto at the coming future.
But It won't happen at the next few years, It will take several years again.
The government will prepare about it, make regulations to control crypro at digital era.
I personally always believed, It will come.

[Speaker]

In many countries, the share of non-cash payments reaches more than 90%, but here we are talking about real money, as for digital currencies, many people have not yet heard the word "cryptocurrency"

[innerpumper]

We need both of them, both of them have their own good roles and each have their own weaknesses.
Paper money would be great for real-life use, such as buying things at a price that's easy to determine.
Digital money is very good for use in digital life, it is very difficult to transact with paper money in cyberspace, even managing it for a bank is quite difficult, digital money looks simple because it only requires a wallet.

[Jaephoenix]

If you mean fiat, I think in its last legs. Remember that many countries are waxing lyrical on CBDCs which are not physical money. That is how the future would be be

[mahadev]

We need both of them, both of them have their own good roles and each have their own weaknesses.
Paper money would be great for real-life use, such as buying things at a price that's easy to determine.
Digital money is very good for use in digital life, it is very difficult to transact with paper money in cyberspace, even managing it for a bank is quite difficult, digital money looks simple because it only requires a wallet.

Both are different platform and I see still usable in our life.
Fiat money is so popular and  As payment method.
Digital currency is digital asset and also good for payment method at the coming future.
Both will exist for along years , I think won't replace each other.
Because fiat money is  usable for offline transaction , not only online.
Digital currency  for online transaction, need internet connection.
We know that,
not all places have internet connection, this is the reason fiat money is still needed.

[Doctor]

Maybe several people has predicted crypto currency will replace fiat money at the coming future.
Yes It can but need long process.
Crypto currency needs several facility.
The government should allow and adopt this technology and have regulations at their country.
The people should have internet connection to do transaction in crypto.
So, It's not easy.
But let's see what happen at the coming future.

[Speaker]

cryptocurrencies will become a legal means to one degree or another.It's inevitable.The question is when and how widely

[Confero]

Paper money and digital money will become currencies in the future, paper money or fiat will not disappear even though digital currency has been widely used.  Fiat is very easy to use, from anywhere without the need for an internet network while Cryptocurrency cannot be used without an internet network.  Both have advantages and disadvantages of each.

[royalfestus]

The non-fiat policy from govt lately gives the same possesion to onwers holding USDT. Digital currency is portable and the stable form is for project developing. Governmet will give the endorse to any reliable stable coin irrespective there provision

[Jaephoenix]

I hope you know not all fiat is paper money. I guess you are referring to fiat. People can also buy stuff, especially goods off retail services like Amazon. And its not paper money but its fiat

[Astra]

If you mean fiat, I think in its last legs. Remember that many countries are waxing lyrical on CBDCs which are not physical money. That is how the future would be be

The currency of the states will in any case continue to exist. It can only change its form, but not its essence. Cryptocurrency can only exist alongside fiat, that is, the currency of states. It would be wrong to believe that cryptocurrency can replace fiat or dominate it.
CBDC is the same fiat, only in digitized form. Therefore, CBDC cannot be called a cryptocurrency. What connects CBDC with cryptocurrency is that in most cases it uses blockchain technology and sometimes also platforms of popular cryptocurrencies such as ethereum. However, it is a completely state-controlled currency. The Chinese Digitized Yuan does not even use blockchain technology.

[bayiajaib]

The majority of people in the world believe in paper money. They believe it is used to buy and sell goods and services. A currency that is physically visible to the world.
But the world to come is the world of digital currency. Because it's an easy and reliable way to send and receive money anywhere in the world. We can send or receive money in minutes.

Fiat money as payment method is traditional habit, it's not easy to change this..
Digital currency is digital asset because didn't more popular at payment method yet..Maybe It will take several years again, become payment methods.
Fiat money can do offline transaction, but for crypto currency is just for online transaction.

[Fenix]

Paper money is subject to inflation, so it is better to transfer it into more valuable assets, for example, cryptocurrency is a more valuable asset, it tends to rise in price. Therefore, I vote for cryptocurrency.

Nevertheless, it should be borne in mind that paper money does not require special knowledge, certain techniques and the necessary conditions for making payment for any transaction. In addition, this is the most untraceable type of transaction. As much as we would not like the opposite, but for now there will be a significant part of the population that does not want to deal with cryptocurrency. Any currency has its advantages and disadvantages. It will be most correct if all their aids are used together and applied depending on the desire of people and their convenience of use in a particular situation.

[Cakra bumi212]

Fiat money or cryptocurrencies each have advantages and disadvantages, fiat money is money issued by a country as a means of payment transactions, while payment transactions in various countries have started using crypto because it is easier, faster and practically does not need the help of third parties such as banks. With a decentralized system there are no conditions that must be obeyed for transactions.