How many years do you think it will be until paper money gets completely phased out?

[El_Mero_Mero]

How many years do you think it will be until paper money gets completely phased out, at least in the USA?

I asked my brother, and he said that he will be long gone before that time arrives. As a reference point, he is in his mid-30s.

What do you guys think? I mentioned the USA because I believe some other countries may be slower to adapt, but if you have a theory as to how long it will take in the rest of the world, or if it will ever happen, please feel free to share.

 

[KING WILL]

Hes right.

Over 3 decades imo

Unless we get a dictator, or close to it in power.

 

[Silkk]

Money is one of the highest "symbols" of status/wealth/value in the world. I don't think that shyt will ever get phased out.

 

[BornStar]

Easily no more than 5-15 years. It has already been surveyed as a favorable source of payment
54% percent chose debit cards, while 26 percent selected credit cards, and only 14 percent specified a preference for using cash.

Not to mention most governments are pushing for a society where people only use electronic source of payment.
Cash gives you a form of privacy.
PayPal , Direct Deposit, Credit card, Btc or Debit Card. Everything can be tracked.

 

[El_Mero_Mero]

One of you said that it'll take more than 3 decades, and other one said maximum 15 years. That's a big difference in answers.

Anyone else have an opinion on this and possibly have any kind of sources to back it up? Thank you.

 

[phcitywarrior]

Don’t have any emperical evidence to back this up but I don’t think paper money will ever fully go out of use. There would need to be serious upgrades in the current internet connectivity for money to go fully digital.

Also would require some sort of chip level type of tracking etc.

 

[Secure Da Bag]

I'd be surprised if we're still using in 2200. Honestly I think it'll be phased out by 2100.

If cryptocurrency were actually being used as currency and not like stocks, I would have said 2050.

 

[El_Mero_Mero]

I'd be surprised if we're still using in 2200. Honestly I think it'll be phased out by 2100.

If cryptocurrency were actually being used as currency and not like stocks, I would have said 2050.

Thanks, so basically unless there are some major developments in "life extension" technology, all of us will be dead by the time this dramatic change in the way we use money would occur.

 

[Secure Da Bag]

Thanks, so basically unless there are some major developments in "life extension" technology, all of us will be dead by the time this dramatic change in the way we use money would occur.

 

[Fukwatutalkinwatisaylaw]

1000yrs

 

[Renegade47]

doesnt the money being physical make it have “value”? if its digital wouldnt there have to be a universal type of currency? no more yen dollar peso euro etc.?

 

[null]

5 years in Sweden.

Riksbank predicts Sweden will be 'cashless' within five years
Riksbank predicts Sweden will be 'cashless' within five years - Reuters

 

[BornStar]

5 years in Sweden.

Riksbank predicts Sweden will be 'cashless' within five years
Riksbank predicts Sweden will be 'cashless' within five years - Reuters

I tried to tell em. There is a whole documentary on it as well.

 

[null]

Start collecting notes. Cash will be worth more than bitcoin once TPTB make the switch .

 

[Arcavian]

China in 10 or less
China's march to be the world's first cashless society: China Daily contributor