Is money becoming obsolete?

[Eodine]

Fiat currency is never becoming obselete at anytime soon. That will be after a very long while before tht happens because of the adoption of cryptocurrency by then

Money can never be totally worthless as money is sti required to seal physical transactions and is sti a legal tender but just that the usage of it and demand would reduce.

 

[Setfragil]

Money cannot become obsolete no matter the dominance of cryptocurrencies, a lot of people will still rejects cryptocurrency as a means of payments for goods and services due to it volatility nature.

 

[Bousine123]

It's gradually becoming obsolete my friend, the fiat and crypto exchange is the new future of money. Only the smart ones are aware.

 

[Nurudeen]

Yes a lot of people now prefer to have their money in the crypto currency exchange Business instead of leaving the money in the bank and this is a very valid reason just because inflation can spoil the value of the money

 

[Richard92]

Fiat currency is never becoming obselete at anytime soon. That will be after a very long while before tht happens because of the adoption of cryptocurrency by then

Most times it seems as if money is becoming obsolete and winehouse to really I dropped the option of cryptocurrency it is electronic currency.

 

[Josemendez]

As we can see today with the rise of Bitcoin, Etherum and other cryptocurrencies, the notion of physical money is gradually becoming worthless coupled with the economic realities of inflation and interest rates the picture is becoming clearer by the day.

What's your opinion, is money becoming worthless and obsolete?

It is not really becoming obsolete because cryptocurrency transaction demands the use of Fiat currency , so they both need each other for successful operation.

 

[Hena101]

Though the emergence of digital money or currency has an impact but still i don't think or see the fiat currency we are using using going absolute in the near future.

 

[Kingstone]

It Is true to some extent to say money is becoming scarce but not obsolete. The use of money is unending and people will continue to use many platforms to make money; crypto or not. The government has a way of pouring money into the economy which will circulate to some degree but may not be enough.

 

[Alexandoy]

It Is true to some extent to say money is becoming scarce but not obsolete. The use of money is unending and people will continue to use many platforms to make money; crypto or not. The government has a way of pouring money into the economy which will circulate to some degree but may not be enough.

This topic is the usual imagination of crypto fans. Their lack of knowledge made them think that crypto coin is a currency. They do not understand that it is just a commodity that you can buy in the exchange market.

 

[kayode10]

Money will still continue to be part of our daily life there is no way it can become obsolete. New inventions will bring more web currency but the Lega then that will never go away.

 

[Dowenship]

Lol... Its still money!! Its fiat money that is becoming effortless and i don't think that is coming into fruition soon because crypto still have a long way to go before replacing fiat.

 

[kayode10]

No matter what May happen, there will still be need for physical money to do transactions. Not everybody believes in cryptocurrency especially their own citizens.

 

[Ralphjoe]

As we can see today with the rise of Bitcoin, Etherum and other cryptocurrencies, the notion of physical money is gradually becoming worthless coupled with the economic realities of inflation and interest rates the picture is becoming clearer by the day.

What's your opinion, is money becoming worthless and obsolete?

As long as money happens to remains the medium of exchange and also the store of value it will never become obsolete the thing is that it can only be changed from one form to the other but money as an asset can never remain obsolete.

 

[GoldenLady]

As we can see today with the rise of Bitcoin, Etherum and other cryptocurrencies, the notion of physical money is gradually becoming worthless coupled with the economic realities of inflation and interest rates the picture is becoming clearer by the day.

What's your opinion, is money becoming worthless and obsolete?

Money is not becoming obsolete. It's simply that we are at a point in the cycle of money that things become tough. Cryptocurrency is also a form of money since it's exchanged for goods and services

 

[Mayox25]

Fiat money is not becoming obsolete or worthless the value of cryptocurrency is measured in terms of fiat money

 

[Lens]

I don't agree with that. The cryptocurrency that you mentioned in measures using the fiat currency and cryptocurrency can not replace the fiat currency. Fiat currency becoming obsolete is not the right word to use. It's even more popular than cryptocurrency.

 

[Yusuf]

Money or Fiat Currency is not becoming worthless and it can never become worthless. Spending Bitcoin or any other coin is not easily spent in the store so we still have to be using Fiat Currency

 

[Good-Person]

I do not believe that money will become obsolete any sooner and one of the biggest reason is the fact that the fiat currency is being the primary way of getting paid and paying others. There is no way you can change it with a blink of an eye.

 

[Nomad]

Yes, crypto currencies are rising. But this does not mean money is becoming obsolete. In fact the crypto currencies are the new form of money. A lot of people though paper money will vanish when cards were introduced but this did not happen

 

[jeff87]

As we can see today with the rise of Bitcoin, Etherum and other cryptocurrencies, the notion of physical money is gradually becoming worthless coupled with the economic realities of inflation and interest rates the picture is becoming clearer by the day.

What's your opinion, is money becoming worthless and obsolete?

My opinion is that is correct that with the rise of cryptocurrency coins like Bitcoin, the dollar become obsolete. The price of Bitcoin has surpassed the price of one dollar.