for beginners Has the end of physical money come?

[Nicole018 4548]

Conspiracy theories like these are always on the rise. But we cannot simply ignore this one. There is is a slight chance of this becoming true. You will never know. But as of now physical currency is still in existence. The best we can do right now is to focus on what we have that is the cryptocurrencies and let's see in the future what the world has to offer in terms of digital currencies.

[Mwangi 5611]

I think its important you understand that this is the whole idea of introducing crypto currency , we have all been potiion to accept crypto and digital money as we call it, we just are waiting to adopt it fully , it will be slow because with the so many advantages to it, there are so many people out there who will never accept it, but the truth is we need to just follow everything with its perfect solution as we can call it , I think we are getting there.

[Irungu 4299]

No and I think it will take as long as it might think of , because if you remember , years ago , way before paper money , we used to have gold and this made it difficult to really understand how everything works , then we had the introduction of paper money , that never ren out gold , we still use gold and then in the end we have crypto currency and with time we are going to work as hard to make sure that we get the right time to it

[mohamedpc1 2213]

I do not think that there is a relationship between digital currencies and fiat currencies, and it is difficult for countries to rely on these currencies because they are very variable and may lead to the bankruptcy of great countries. I believe that cryptocurrencies are considered a means of profit from the Internet and cannot be relied upon much at the present time until the number of currencies that have become so large is reduced.

[basel23 1722]

Even if China launches its own cryptocurrency, it is difficult to overcome the US dollar’s control over the global economy because cryptocurrencies have not yet spread around the world and there are many people who do not yet know what cryptocurrencies are and how they are used.

[titobest 23]

Today there are a few countries that today are launching their cryptocurrency to start using virtual currencies and start thinking that in the not too distant future we will stop using physical money and which does not mean that it will last night. in the morning we will stop using physical money, I don't think so, but it is a way to pave the way for virtual money.

[Jamillove2580 115]

Yes I believe it because the days of making money physically are approaching.  Because we are living in the digital age now.  This yoga is very digital so in this age we will never want to make money physically.  We are now becoming technology dependent.  So we rely on confidence and technology to make money.  We never want to work physically

[Calvinpriva 17296]

On 10/11/2020 at 9:22 PM, Dormilon said:

I must clarify that it is not a Cryptocurrency, it is different, it is centralized and traceable by the Chinese government, which is its issuer, with this this country tries to have its own payment architecture similar to the swift used today by different countries , but whose protagonist is the dollar, the e-yuan will, of course, be more advantageous for these exchanges than the dollar.

If that currency will be controlled by Chinese government, maybe it can perform well worldwide because Chinese are good in business. But I'm not sure if it will overtake the giant currencies easily like USD, EURO, POUND and etc easily. Let's wait and see!

[ramonn22 731]

Hello colleagues and lovers of this fantastic world of cryptocurrencies that I consider myself one of them regarding digital money I believe that there is still a long way to go for it to be used in its entirety since many countries and people who trust more in real money but we agree that digital money has taken a big step.
Good luck to all and a big greeting

[Digital 387]

I am skeptical about the coming to an end of a physical money because to my own understand we can't do without the Fiat currency i don't argue about the adoption of a digital currency but that will not be as a result of the collapse of Fiat currency each has a role to play.

[Yomose 3704]

On 10/14/2020 at 5:46 PM, Captin said:

Hello my friend, I respect your opinion a lot, but we have to take into account that there are many countries that have not yet started using electronic payment or even the existence of countries on the Internet that are not available in them .. These will be major obstacles in the future not because of the difficulty of introducing this technology into the country, but because Difficulty accepting the people of these countries for this technology

You are wrong, all countries are making use of electronic payment, fiats to can be paid through electronic means. Know that fiats exist physically and digital too, do not get this confused at all. Knowing that cryptocurrencies  are not only the electronic currencies. 

[Dormilon 2183]

Since I wrote this post, more countries have joined the era of digital currency, the European Union is already talking about the digital Euro and there are Caribbean islands that are already putting their currencies into operation, the country that is left behind in the setting The operation of this means of payment will be greatly affected in the future and will depend on others to make its international transactions, you have to go on the wave of the modern or spend the future rowing against the current and be dependent on those who they thought of a modern future.
I am not saying that cryptocurrencies will be left behind by the entry of digital money, I am only saying that given the loss of space that fiat money has had before crypto, countries are preparing to fight the return of their centralized dependence on what they take as payment method.

[duncun007 3577]

On 10/12/2020 at 3:12 PM, Faraor said:

There are many countries or places/regions in many countries that dont have even an access to the internet. So for them electronic money is something from the fantastic films. But the passage of the time for the new generation ofcourse physical money will not be used anymore. 

yea i think people got used to living a nice life that they forget that millions of people dont even own a phone and even those who do are not familiar with the use of internet and money transaction, there are so many third world countries that are still way back, so i think its still pretty early to say the end of money has come.

[Emma William 2399]

On 10/18/2020 at 11:44 AM, Yomose said:

You are wrong, all countries are making use of electronic payment, fiats to can be paid through electronic means. Know that fiats exist physically and digital too, do not get this confused at all. Knowing that cryptocurrencies  are not only the electronic currencies. 

Thats not true my friend.
not all countries are using electronic payments ! because those countries are poor ! for example : Yemen,Syria !
But I agree with you that the end of physical money is really near !

[Zeshan Khalid 2577]

In my opinion developing countries still lack awareness and knowledge about crypto currencies and lot of imports are done by these countries so end of physical currency is no way near so far

[malik6314193 5449]

The end of physical money is far away. Hope it will end in future but not as soon. 

Mostly countries are not so developed that they regulate digtal currency over physical currency. 

[hatambaba 1064]

Physical money is already being ended in many countries, and it's not due to cryptocurrency. but If you mean that bitcoin could kill fiats, I think that won't happen soon as there are still developing and third-world countries that rely on their national currencies.

[GM266 673]

It's good to hear about China. But the physical currency will totally disappear when all the countries will fo the same. China has seen the advantages of cryptocurrencies. That's why they launched their own cryptocurrency. Cryptocurrencies have a lot more to go to establish a good grip to the economical system and to ensure the  trust of a person. Then we can actually become more attracted to Crypto. 

[Ponnnu 962]

Yes friend,  I feel that the end of physical currency will come soon. Now people are getting to know more about cryptocurrency and digital world. Forums like cryptotalk helps people to understand and learn more about cryptocurrency. So when people become confident about using cryptocurrency they will be finally ready to stop using physical currency. Physical currency will come to a complete end only if people's safety and privacy concerns are solved. Once they stop using they wont go for digital currency as its cryptocurrency is more convenient to use. 

[Omar Ommeish 4872]

Digital currencies and cryptocurrencies will be the most popular currencies in the future, but I do not think that this will eliminate dealing in fiat currencies because many people cannot deal with cryptocurrencies and digital currencies because they do not have electronic devices (computers or phones) and cannot learn on it.

[Yomose 3704]

On 10/22/2020 at 2:45 PM, Emma William said:

Thats not true my friend.
not all countries are using electronic payments ! because those countries are poor ! for example : Yemen,Syria !
But I agree with you that the end of physical money is really near !

I did not commented that the end of physical money is near, all I meant is that physical money which is fiat that they are referring to here on this topic, that can also exist in digital form. 

 

About Syria and Yemen, did you mean they are not using electronics means of transferring fiats too? This is not possible. You are the one not getting things right. 

[Ndayebo8 0]

This dream is possible if access to internet is everywhere and people are well educated how to deal with cryptocurrency. the current percentage of people using crypto for transaction compared to the total population of the whole world is vey low

[SuperCrypto 7193]

Financial dealings have gone through many stages. At first, people got their needs of goods and services through barter, then came cash, selling traditional cards and checks, and finally digital wallets that will increase in the future.

[Jromz 2158]

It is somehow good that China has been doing good progress in developing its own digital currency, and such efforts have been followed, for example, by the European Union, towards the development of digital euro. Yet, it doesn't seem plausible that  such efforts will result in the extinction of physical money globally in the near future, as many countries are still in a disadvantageous position in terms of technology. 

[soytiplok 126]

I think it will not disappear because it is something useful and it will not disappear from one day to the next, what if, it seems to me that the digital coins will be used as a complement as a means of payment too.