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Will Paper Money Ever Cease To Exist? - Business - Nairaland

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Will Paper Money Ever Cease To Exist? by Chukzyfcb(m): 3:31pm On Aug 19, 2015
Will there be another mode of payment?

Who would have ever thought that mere paper, would be used as a medium for doing business. I mean money is just a paper,the reason its got value its because its widely acceptable by all & its scarce. Formerly humans used cowries or trade by barter as a mode of payment. With technology advancing daily and yearly, do you think paper money'll fade out and there would be a different means of doing bizness, another invention that'll be acceptable by all?
Re: Will Paper Money Ever Cease To Exist? by whitecloth: 3:44pm On Aug 19, 2015
From my own opinion, paper money will never cease from existing, it will just go to the nearest minimal, very low in circulation but still existing. in some countries already there rate of printing paper money is getting lower every year as much power is given to online, its even visible in Nigeria banks where they tell you that if you use your naira card to pay for something you'll get some percentage discount.
Re: Will Paper Money Ever Cease To Exist? by inereunwa1(m): 7:54pm On Aug 19, 2015
the answer is yes but it will happen gradually and it will become a thing of the past just like the trade by barter and cowries

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