What will money look like 35 years from now?
Payments
Asked by Question Bot05/Jul/20151 answer
1 Answer
F
Faisal Khan
Answered 05/Jul/2015
Money even a 100 years from now, would be digitally value transfer mechanism.
As we (money & payments) get more digital in nature, the whole regime of currency notes and coins might be drastically reduced by then. I don't know if by 2050 currency notes & money would disappear all together.
By 2050, the old age notion of holding on to paper money would be an ancient thought for new generation, a distant memory for the millennials and for the few of us born in 19060s to 1970s - a nostalgic thought.
Taking queue from how mobile money is being transferred today back and forth (digital transfers not much cashing out) and how Denmark (See: Denmark moves step closer to being a cashless country) is slowly moving towards a cashless economy, the writing on the wall is clear. Currency notes and coins have their days numbered.
As we (money & payments) get more digital in nature, the whole regime of currency notes and coins might be drastically reduced by then. I don't know if by 2050 currency notes & money would disappear all together.
By 2050, the old age notion of holding on to paper money would be an ancient thought for new generation, a distant memory for the millennials and for the few of us born in 19060s to 1970s - a nostalgic thought.
Taking queue from how mobile money is being transferred today back and forth (digital transfers not much cashing out) and how Denmark (See: Denmark moves step closer to being a cashless country) is slowly moving towards a cashless economy, the writing on the wall is clear. Currency notes and coins have their days numbered.