In the future do you think we will completely abandon cash and that all payments and transactions will be done digitally? - Seedly

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Asked by Anonymous

Asked on 16 Nov 2018

In the future do you think we will completely abandon cash and that all payments and transactions will be done digitally?

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I would say within the nect decade, payments would be largely digital. All movement of $ will be tracked. Only motivation for cash payments would be to avoid detection for reasons we all know.

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Hard. Maybe it will happen after like 40-50 years.

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Gabriel Lee
Gabriel Lee
Level 6. Master
Updated on 19 Nov 2018

Maybe in the future (a few decades), but definitely not in the near future. Too many choices? https://www.channelnewsasia.com/news/commentary/singapore-cashless-society-digital-e-payment-smart-nation-facade-10937012?cid=FBcna

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Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 16 Nov 2018

Yes. I'm expecting it to be done within the next decade or so

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Lok Yang Teng
Lok Yang Teng
Level 6. Master
Answered on 16 Nov 2018

Could be possible, but transition to completely cash free will be very slow.

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