Is it true that physical money will soon be replaced by crypto and eMoney?

[Suba]

It takes some time till crypto is fully accepted around the world, in my country the peoples who have idea about bitcoin is small, and from them only few know what cryptocurrency is, they don't think that are another crypto coin they only know bitcoin.

Even in countries that accept crypto such as Japan, not all shops can accept Bitcoin for payment, so we also have to have cash on hand. But I don't know, in El Salvador whether all shops accept Bitcoin or not.

 

[deucher]

100 percent because in my country people are not so interested in cryptocurrency, but the government will develop an electronic version of our currency

 

[Augusta]

There was a time I strongly believed this but at the moment I doubt that. Emoney and crypto currency would definitely have a place but I don't think it is anywhere near replacing paper money for now.

Same thought I'm having especially when it comes to people in the rural areas I doubt it would be possible.

 

[eLdavis]

Same thought I'm having especially when it comes to people in the rural areas I doubt it would be possible.

Very true, most of them do not trust anything that has to do with Internet, so I doubt they will be even prepared to use it relating to their money.

 

[Augusta]

Very true, most of them do not trust anything that has to do with Internet, so I doubt they will be even prepared to use it relating to their money.

Lol you are right about this. In fact a lot of them.judt believe it is about Yahoo only online. So anything online isn't their business

 

[mrki444]

Few days ago in UK all digital payment in few major stores stoped working for few hours. People could not pay food since they didn't have cash. Now everybody have some cash just in case.

 

[King Belieal]

E money would surely replace their physical cash equivalents. But for crypto, it would stay in it's place as an alternative payment for cross border payments, and they would work in pari pasu with fiat currencies.