Paper Money vs. Digital Currency

[Callisto]

To convince the world that they use cryptocurrency, at the moment, in my opinion, it is impossible, because everyone is used to ordinary forms of payment. I think this moment will come, but not soon, first of all, the state should accept the cryptocurrency.

[Quantum X]

No need to persuade them because the time will make them decide to accept this new way of transaction. For now the information they keep on hearing from every crypto adoptersis enough to condition their mind and see how convenient the digital way.

[Bony11]

Many things have changed day by day all over the world.  In the future, there will be a day in the world when the introduction of digital currency in all countries of the world is just a matter of time.  However, it will take some time for the government to continue with the introduction of digital currency in the country.

[damsix]

The factor for everything is this, because the factor of acceptance of this cryptocurrency is really difficult for the country.
The country concerns everyone's life so there is no way that cryptocurrency will be accepted by everyone, except maybe cryptocurrency is a stable coin.
It is very risky if a country accepts cryptocurrency to pay in its country because of its uncertain price.

[Karsum]

I saw several places in several countries starting to accept digital money payments
I am sure that I do not rule out the possibility that digital money will be accepted in the world
with that we must promote digital money so that it is quickly recognized and accepted by all people and countries

[Fakhrulenclix]

I do not agree if you make Fiat vs Crypto, Fiat and crypto are together. You can't buy a cryptocurrency without fiat money, and if you want to buy staple food in the market you must using fiat, right.. But for investment, we all know that Fiat not an investment, and crypto is

[naitik01]

The use of paper money is mostly in practice because the currency of all countries is on paper money, while digital currency is used only by a select few who have sufficient resources.

[Fakhrulenclix]

The use of paper money is mostly in practice because the currency of all countries is on paper money, while digital currency is used only by a select few who have sufficient resources.

That right, Fiat money have their own usage and crypto also, but cryptocurrency is not only as a payment method but investment method

[Debasco]

though its not easy as of now, as time pass by people can be influence little by little, but not all at a goal, so it will be gradual process, people will get used to it and gain confidence in it before it can be widely acceptable.

[Odunwole Damilola Simon]

Why I feel digital money will find it difficult to gain mass adoption (less than 30% of the world population uses cryptocurrencies) is because,most coins have  cap and are not very tradable in small units.Who would want to exchange his bitcoin for food,knowing very well that bitcoin is limited in number.Also we need to have a way of dealing with the ever changing price of most cryptocurrencies.Imagine getting paid your salary in bitcoin?.whose price flunctuates daily.If only there was a method to ensure the price of good and services are reflective of the changes in the value of the cryptocurrency used in purchasing them,it would be nice.
Lastly,I feel there should be little evidence to trace a transaction between two people.For instance Mr A sends bitcoin to Mr B,it would aid mass adoption if Mr A can have a receipt or something to signify he indeed sent something to Mr B in case of disputes that may arise.

[Mexite]

Paper money is old and traditional so people have come to trust it over the years. Digital money/cryptocurrency is more popular among the Millenials because they are born in the age of digital revolution so it's easier for the younger generation to embrace it.

Mainstream adoption of cryptocurrencies will take a lot of effort via massive awareness/education, simplification of UX/UI of dApps, and some form of regulation of the space.

[Octoalts]

Everything needs a process and I believe that someday digital currency will play a large role as a means of payment throughout the world, but I am not sure that paper currency will be eliminated.  Paper currency and digital currency will be used equally.

[Senin]

The process of phasing out paper money with digital currencies will be gradual and should not be pushed. In addition, paper money will still remain in the foreseeable future and will run in parallel with digital.
It should also be borne in mind that the concept of digital money is also different. States, it seems, will practically all issue their national digitized central bank currencies and this will change the world a lot. They will combine the benefits of conventional and digital money. Let's see what happens.

[shadowdio]

Well I believe all people in the world will slowly adopting digital currency in the future but I hope that paper money will still exist because in case you lost your mobile or no internet then use paper money as a second payment option.

[tervel]

 A shift to digital currencies would make it easier to implement negative interest rates, which would go a long way toward restoring the potency of monetary policy in crises. The post-pandemic world will move very fast in payments technologies. Paper Money and Digital Currency they are currently interconnected.