In as much as digital currencies 8s taking over the globe but money is not obsolete because there are so many facets that cryptocurrency is not being accepted for transactions and there are some countries that have placed a ban on cryptocurrencies.
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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?
Yes I think so. Money is becoming obsolete in the sense that cryotocurrencies is taking its place.I don't think physical money will be important one day.cryotocurrency will take the places of money.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?
Exactly my point bro, cryptocurrency would never and can never take over physical currency (in a layman's language). Digital currency would never be adopted as a global payment means by countries; except that happens would money be obsolete.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
Our fiat currencies are gradually becoming obselete because of the drop in their value as compared to cryptocurrency which is gaining ground.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?
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
As the new mode of transacting commerce has change drastically especially among this tech generation,the use of money is very much invouge and has a forseeable value,because there are some transaction you will be required to use only cash
That is just the basic truth,because it has been something like a tradition for some business owners to always do transaction with cash,and in some cases because of how some persons have abuse the mdium some busineses do not really honor e-transaction.There are many kinds of payment modes that are currently in use. No one in my country would have thought that the people of my country would be using latest payment processors in the country that are formed by the local companies in my country. We are evolving, but I do not think that Cash payments will be gone forever.
You are right on point with your comment, money can never becomes worthless and obselete because we are still spending it until the moment and we also do change our crypto currency coin to normal currency before spending it.For some, cash is still something they use everyday. For younger generations, cash is becoming more and more obsolete. Here's the future of cash.
The future of cash has become an ongoing debate, but mostly among economists. For the average person, it’s a moot point—since we have access to a variety of forms of payment, there’s no conflict.
I suspect most of us like it that way.
Seriously, Cryptocurrency is gradually taking over physical cash. But I don't think physical money is becoming worthless. The last time a check many people still convert thier crypto coin to physical money for use, many countries are still against the use of Cryptocurrency.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?
That is just the basic truth,because it has been something like a tradition for some business owners to always do transaction with cash,and in some cases because of how some persons have abuse the mdium some busineses do not really honor e-transaction.
That is very true because a system that has been in place for a very long time would be very difficult to do away with,and evenin most tech developed clime,there is hardly any nations n the world that is totally cashless.It is really hard to stop a system that has been in use for a long time. The same could go true for cash payment system. We cannot stop cash payments in a single day and implement digital payments.