Paper Money vs. Digital Currency

[Freemind]

many still do not have access to banking products and still use cash, but this does not mean that the introduction of cryptography will slow down.

In less developed countries, where citizens cannot access any type of financial product or service from banks, cryptocurrencies may be the best solution to their problems. Cryptocurrencies can be the best option since they do not need to create banking systems from scratch or build any kind of infrastructure, so the initial investment would be really cheap. After all, it is governments that must make these kinds of decisions and I hope that someone is studying the best way to do it.

[Zezari]

In some countries, there is no Internet available to anyone to use cryptocurrency. There should also be stability of cryptocurrencies as paper money, you can simply make a program for automatic exchange for cryptocurrency.

[Azaleea]

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.
But there is a big difference between the two currencies.
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?

I Translate Only This Page : https://www.altcoinstalks.com/index.php?topic=187284.0

I agree on several opinion that said Digital currency will replace paper money at the coming future.
It will be

[Aryan0058]

Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services.Transactions involving digital currencies are made using computers or electronic wallets connected to the internet or designated networks.

[Alcor]

I agree on several opinion that said Digital currency will replace paper money at the coming future.
It will be

Deciding what will happen to paper money is not in the competence of cryptocurrencies or cryptocurrency holders. It is entirely up to states and their governments. States can regulate the amount of their cash and non-cash money, but they will not refuse them. Cash is a separate issue. They are not perfect and may still undergo changes in the process of evolution. But the currency of states will always exist as long as the states themselves exist.

[Speaker]

Unfortunately, even cash will exist for a long time... residents of many countries do not have access to banks and ATMs and have never heard of crypto currency.

[Astra]

Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services.Transactions involving digital currencies are made using computers or electronic wallets connected to the internet or designated networks.

This is the main difference that will not allow digitized money to displace paper money. Some categories of citizens do not have access to digital money, or will not make the transition to digital money for other reasons. And in general, in some life situations, paper money is easier and more convenient to use than digital money. It seems to me that paper money has not yet become obsolete and it will be in circulation for a long time in parallel with other forms of money.

[shuvenker999]

Actually fiat currency exist before creation or introduction of cryptocurrency more especially bitcoin in particular and it's obvious that bitcoin is a general currency which every country can adopt but due to lack of information and adoption of it in different countries people refused to adopt it as most accepted currency, from the basic awareness or impact bitcoin created recently even the least person in my own area is over interested in bitcoin, because the knowledge people adopt from crypto people have to preferred bitcoin more than fiat currency because bitcoin can be use to purchase anything across the countries.

[Speaker]

Bitcoin is still far from a fiat currency, and it is incorrect to compare it with them.

[Dora Walletinvestor]

Interesting question. Blockchain technology can add a lot of security to how we store our money and carry out transactions. Some people are already distrustful about the trend of using less and less actual paper money and more and more card and bank transactions, though. Educating people about the technologies underlying finance could help in my opinion.

[gunhell16]

In some countries, there is no Internet available to anyone to use cryptocurrency. There should also be stability of cryptocurrencies as paper money, you can simply make a program for automatic exchange for cryptocurrency.

Not everywhere has the internet, so in these times paper money is still important no matter what because whether we admit it or not cryptocurrency in this era is only for those who have internet in their respective homes.

No one has yet thought that it is possible to do cryptocurrency-like trading without the internet. But if there is someone who can think of conducting trade in crypto offline, this is good news by chance, maybe if this happens, I can say that paper money will lose its meaning in my opinion.

[Fenix]

Unfortunately, even cash will exist for a long time... residents of many countries do not have access to banks and ATMs and have never heard of crypto currency.

Cash has the right to exist along with other types of means of payment. In some cases, this is the easiest, fastest and most reliable way to calculate. After all, people do not always have access to working technical means with which they can carry out transactions. You also need to remember that this is practically the only payment method untraceable by the government. Even cryptocurrencies can, under certain circumstances, be relatively easy to trace.

[Afony]

Not all cryptocurrency transactions can be tracked, as well as bank transactions, not every person will be given the opportunity to track a transaction. Cryptocurrency is now an opportunity to quickly transfer funds anywhere in the world in a short period of time.

[Alcor]

90% of the people in our country believe in paper money. However, if the new generation is aware of cryptocurrency, everyone believes that cryptocurrency may be the opposite of money in the future. This means that cryptocurrency can take the place of paper currency for transactions.

It is hardly worth saying that 90 percent of people believe in paper money. They use paper money, as it is the easiest and most affordable way to make transactions, especially small household ones, and also because the power and authority of the state is behind paper money.
Cryptocurrency will not be able to displace paper money or other state currency. To do this, cryptocurrency needs to destroy states, and this is an absolutely losing prospect.

[Jaephoenix]

It is what it is. That is the world for you. Digital currency is still a novelty to some people and would remain so for maybe up to 50 years. The integration of digital currency is not getting any headway especially in my country in Africa, where many people, even the youth, hold it in contempt and suspicion