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Do you think it is possible that one day currency will no longer be necessary Why or why not?
Wiki User
∙ 12y ago
It is possible that at some future time, all fiscal transactions will be done electronically with various types of cards, credit cards or debit cards, or by means of cell phones, rather than by using any form of paper currency or coinage. The advantages include greater security, since there will be no cash in the cash registers for thieves to steal, or wallets with cash for muggers to steal, and the cards can only be used with PIN number that thieves won't have. The disadvantages would be that currency is still simpler, for many transactions, and more anonymous, and not everybody wants to have to involve their bank in every transaction that they do - think of something like a Poker game, with people throwing money into the pot; you can't do that with credit cards.
Wiki User
∙ 12y ago
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