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Cryptocurrency has not made money to depreciate to that extent. Cryptocurrency is getting more acceptance and relevance but it has not in any way make money to become obsolete.Sincerely speaking,money value changes but recently crypto currency had really made the value of physical money to depreciate beyond human understanding.
I agree with you. Even if many people are getting comfortable with using cryptocurrencies, that won't make physical money obsolete. Both of them can exist together.There's no doubt that the emergence of crypto currency has been quite popular and in demand but that doesn't mean money will become obsolete too in the future, no reason there can't be both options
And they definitely will exist together I think there are no other options to that because I don't see crypto currency leaving anytime soon as it's here and already having a strong influence on the present and future tooI agree with you. Even if many people are getting comfortable with using cryptocurrencies, that won't make physical money obsolete. Both of them can exist together.
May I remind you that crypto currency is a commodity and not money. Maybe you are talking of the digital money which is not crypto. It is the digital version that we can use to transact by using the digital wallet (again, not a crypto wallet but just a digital wallet).I agree with you. Even if many people are getting comfortable with using cryptocurrencies, that won't make physical money obsolete. Both of them can exist together.
Yes that's true and that is what I am thinking that I could never be obsolete as long as the life is still available. people will need money for transaction and it is what we need in our everyday activities.Money can never be obsolete as long as life is concern. This has simply been the mean of transaction in centuries overtime.
The use of physical money cannot go obsolate in the business and global trading,though e-money is becoming more popular,but physical money will still have a huge role to ply in business transaction.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's true money is becoming obsolete,the use of money is reducing, many people use digital money to buy things especially online,I don't really think physical money will be important in the nearest future.Yes, money is now somehow becoming obsolete due to the global revolution caused by digital moneys (crytocurrency) because of the advantages it possess compared to the fiat counterpart. One can now worry less because the digital currency is globally acceptability.
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