Paper Money vs. Digital Currency

[raisajahan]

Paper money is that which have physical entity that means can be store physically or can be showing to others. Paper money can be centralized by the government or by the central bank of that country that means centralized by the government. One the other hand digital currency is that which has no regulatory firm or organization. Its actually decentralized funds where no one can be operated this. Digital currency has the scope for operating globally and the popularity of digital currency is growing day by day.

[mahadev]

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?

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Yes, that's true, people doesn't familiar with digital currency. But I think digital currency is the future currency. It will be more popular at the coming year. Not easy to change the habit of people that used paper money for their transaction, as many people said he. But It must be happen.

[Istiak]

Paper money is old-fashioned in current society through it's still heavily used everywhere. We are seeing digital money as fiat and cryptocurrency which offers more security, reliabilities, and more opportunity for society. Digital money is the key to making a digital society and country. Both have advantages and disadvantages but I am on the side of digital currency.

[Mas Bro]

It still takes a lot of time to adopt and use digital currency for payment instruments. Due to many reasons such as regulatory issues, infrastructure and the availability of existing technology. That is why paper money still dominates as a legal tender in this world. I think digital currency and paper money will be used together in the future.

[Rehan Zakir]

You are saying right! There are two different types of currencies in the world. And they are very different with their use case. One is a global currency of the world. And the paper currency varies from country to country currency. Digital currency can only be used through internet. But paper currency can be used anytime, and without internet.

[Hikari]

When debts are collected, much of the income a country makes. When people borrow money, banks make money. Taking the US dollar case: if no borrowings were issued, perhaps no dollars would be circulating. And other words, the US dollar wouldn't be out there in the world without customers borrowing from banks.

Though fiat money seems to have a large share of its debt worth, Bitcoin is not. Beyond the faith of his group Bitcoin has its inherent value. Bitcoin is not dependent on a loan system; its worth depends on how useful it is as an investment medium.

[Gyrgen]

And who said that they need to be convinced to switch to digital currency. And who decided that digital currencies are the future? Ordinary paper money will still be in use for a very long time and this is right and good.

[mano]

Digital mоnеу аrе mоnеу uѕеd on the іntеrnеt. ... Digital сurrеnсіеѕ аrе centralized; thеrе іѕ a grоuр оf реорlе аnd соmрutеrѕ that rеgulаtеѕ thе state of the trаnѕасtіоnѕ іn the nеtwоrk. Crурtосurrеnсіеѕ аrе decentralized, аnd thе regulations аrе mаdе bу thе mаjоrіtу оf the community.

[Senin]

Paper money is that which have physical entity that means can be store physically or can be showing to others. Paper money can be centralized by the government or by the central bank of that country that means centralized by the government. One the other hand digital currency is that which has no regulatory firm or organization. Its actually decentralized funds where no one can be operated this. Digital currency has the scope for operating globally and the popularity of digital currency is growing day by day.

Paper money is only centralized as it is issued by the central bank of the state. Although they are outdated, under certain circumstances they are often not replaceable and are very convenient when used as a means of payment, and therefore they should still exist for a long time. Especially if the pace of technological progress slows down due to natural disasters, human war or other factors. The use of cryptocurrencies and other digital currencies will continue to expand, but we still need paper money.

[nicecrypto]

The fact remains that, both type of currency will still be in use going forward into the future. Digital money (crypto) might have some same functionality like paper money but there are some limitations too to it.
Even the limited knowledge of it by most people is a minus regardless of its efficiency.

[bitbit97]

And who said that they need to be convinced to switch to digital currency. And who decided that digital currencies are the future? Ordinary paper money will still be in use for a very long time and this is right and good.

No doubt. In the world, were people still exchange goods/services to goods/services (like in ancient times), paper money will exist for a very long time. Another fact that paper money will be used for a long time is shady economy. As long as people will be greedy and ready to pay less than original price, paper money will exist.

[Aguacate_e]

I'm going to correct you a bit, it's seconds, not minutes.

Fiat money as we know it will be a thing of the past. It also pollutes, it is not green and something that is more serious, they are centralized.

On the other hand, the Blockchain is the opposite...

[dolcefarniente]

If the entire global economic system were redone for the use of cryptocurrency, including interstate relations, payment of wages, payment for goods and services, etc., then the entire population would be forced to use crypto. And for this, time and aspiration on the part of the state must pass.

[Quart]

both have their respective advantages and to persuade ordinary people to use the digital currency I think it will be quite difficult because not everyone is interested in digital currency. what is certain is that it takes quite a long time if you want the digital currency to be used for transactions especially by ordinary people in the world

[Marivic27]

Well i can say that paper money is still the people's choice. I believe that there are a lot of people that still doesn't know about crypto for now. Maybe in the next few years people will choice crypto if they know how convenient crypto is. We cannot deny the fact that we are now in the modern world and high technology so i believe that people in the near future will used crypto than paper money.