Joined: Apr '09
Age: 41 (M)
Only online. If Internet is the future, why trying to go backwards to get paper money. I am one of those who defend that real money should end, taking in consideration all the problems attached to it. Ok, not everyone in the world has access to the internet, or even access to a bank account, but this should be the way things should follow. Eliminating potencial virus that can take all our money from any online account, deals would be easier and clean, we would all be environmentally friendly. And now there are even some genius talking about the existence of only one world coin. I think this would eliminate a lot of ways to win money.
Joined: Feb '08
Location: United Kingdom
Age: 33 (M)
I don't know if real money should end but I think it's certain that it will. It's only a question of when. Right now, the bank charges for card transactions put companies off taking card sales for less than £5 in the UK and the process is still too slow, especially when you factor in the pin number issue. If cards are to replace paper money then the most likely situation is to have several types of cards, one pin-number protected for large amounts of money, one for quick purchases that would have to be made in seconds and of course a credit card. The internet isn't the issue as online banking really has come a long way and the incentive to go online and do away with real people is imo frustrating. I find the world currency idea very unlikely though. The issues of the euro are quite a deterrent though I'm not sure that a world currency would face the same issues.
@Bankrollmob. nice vid. I was wondering where you were going with it.
"I find the world currency idea very unlikely though. The issues of the euro are quite a deterrent though I'm not sure that a world currency would face the same issues."
There is one currency out there that acts as universal money. I'm just learning about bitcoins. This or something simular to this may be the way of the future. They are traded acrively today to purchase goods and services. They have tangiable value...just don't think one will get rich with them just yet.