Digitalization is definitely taking over and banks can very well be replaced, Maybe years from now 20 or 30 we will not be using physical money anymore.
Overall it is a informative and a great post.
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There's a possibility of that but before physical money is evicted, proper cryptocurrency education and awareness should be put in place.
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Yes, that should be the correct thing to do, but the way I see it it's not happening anytime soon in most countries.
Yeah because those sitting at the table of the Fiat system feel threatened with cryptocurrency. Just like how radio manufacturers felt when Television was introduced.
However, if they don't educate, people will still learn about the tech somehow.
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That is like saying Internet education and awareness.
The reality is people adopt technology over time. It becomes easier for people. This is especially true with the generations that are starting to take over. The Millennials all understand tech as does those following.
With the Boomers declining, the learning curve is lowered.
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Yeah, with time (maybe years), people will learn about the technology and eventually adopt it. It is only then we can say that physical money will be evicted.
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That is very likely simply due to generational change. The time period you mentioned is another generation. It means most of the Baby Boomers will be gone by then.
The younger generations are not utilizing cash. Even Gen X is a credit/debit card generation.
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