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1 year, 7 months ago

Do you think eventually the world will be paperless?

I am thinking soon everything will be purhcased on credit and credit cards and noone will carry money. Everything will just be numbers moving from one account to another and noone will ever physically handle money anymore. Am I off base with this kind of thinking?
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jt3 | 1 year, 7 months ago
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Hi Kerry. I know the intent with a lot of companies is to go paperless. With my personal experience, I opted not to receive any statements of any kind with the exception of my bank statement because I can view online. It is faster and more convenient for me to view them online instead of having to worry about the clutter of receiving physical statements each month and then have to worry about shredding them after I’m done.

I also use my debit card as I don’t like carrying a lot of cash in my wallet. In my own way, I’m trying to transition my life to a paperless one. So while I think that certain aspects of our society may become paperless, there will probably always be a need for cash-based transactions.
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Owls | 1 year, 7 months ago
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The world will definitely go paperless because it is more efficient. Try to get a hold of a stock certificate now a days.

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pastorkayte | 1 year, 7 months ago
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Absolutely, they are making cards like the Rush card that lets your employer direct deposit checks directly to the person, therefore they don't have to qualify for the credit card and they don't have to carry cash. I know that soon all of the printed news venues will be gone, because people get the news online and on cellular telephones. Other things are going to online venues as well, businesses are moving to providing services online, schools are online and several other venues are moving online as well. As the world becomes more technical, the less paper will be needed, but as to when the world will go to not needing money, may not be for many years.

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krenay | 1 year, 7 months ago
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That's not going to happen for ages. But the less-paper office is coming because of iPads, tablets and such devices. Because of e-readers, some magazine companies are talking about subscriptions being sent through the iPad, Kindle and others.

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cheapgamer | 1 year, 7 months ago
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Money needs a quick easy storage unit that is readily available should electronic systems be unavailable.

Interestingly I think what this may mean in the long run is that people may have nearly every monetary transfer revolve around electronic funds I personally believe that banks will maintain "hard copy" money. These banknotes may continue to be paper or they may move to weighed measures of valuable material such as gold perhaps.

Desire for privacy may also inspire people to work with paper (or other) money long after it is considered impractical.

I can easily imagine an Orwellian world in which every monetary transfer from person to person or person to business is carefully monitored, however I can imagine social groups or even civil rights heavy governments being opposed to such measures. In these instances paper money may never really die.
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ai-ai | 1 year, 7 months ago
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Since this has started already so I think this will really happen in the future but it may take longer because there are areas that do not even have internet access yet. I would be scared knowing too that this will be the medium for doing business. Hmm, looks like I am not ready to completely go for the paper-less shopping as I think I still would love to hold cash in my hands. And if one should buy a piece of candy, I think it would be silly to still use a credit card to pay for it. I think cash will still be present but if we’re to evolve to something more advanced then I think just like our old folks who were using silver and gold for their trading we can also adapt to it. However, as I’ve said it really would take longer since other countries are not that highly-developed and sophisticated.
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m2ponce | 1 year, 7 months ago
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It is possible, but unlikely. Unlike the United States and other first world countries, third world countries rely very much on paper money and coins. Banks in third world countries do not easily approve credit card applications because people do not have enough financial background for them to qualify for credit. Salary records or payslips and bills are the usual requirements asked by banks but many do not have a regular job that gives them payslips and other benefits. Some people do not even have permanent or long term jobs. Some employers give salaries on a daily or weekly basis and salaries are usually in the form of cash.

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bklynjs | 1 year, 7 months ago
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Yes you are just the money people make illegally or don't pay taxes on will keep the World on paper. How about the pay me in cash for a discount. Then of course there are people who can't get a credit card for lack of credit. And then there are the people who just like cash in their hands. How do you give a gift to a child with a credit card. How would you pay a street vendor for something? There are just to many transactions that require cash in the World. So not in our lifetime.

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bunnyphuphu | 1 year, 7 months ago Report

Forget the 'lack of credit' with credits cards... I choose not to have one... period!
Sure I have my bank card (atm), but I feel like I'm a slave to the system by using an actual credit card. The interest on those are outrageous! Ever since I got rid of mine, I feel free!

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bklynjs | 1 year, 7 months ago Report

But you only pay interest if you don't pay it off. I have a Sony card I'm using now and I pay it off in full every month. I use it everywhere I can to get points for free gifts, they even pay shipping. So far I have gotten a digital camera, a turntable that you can hook up to the computer to get vinyl to CD, MP3 or whatever. I am now working on a set of floor standing speakers for the TV that can handle 200 watts. So the gifts are good and I pay no interest. In their eyes I am a bumb.

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the_enlightenment | 1 year, 7 months ago
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Yup. Everyone will be using plastic cash very soon. Expect government incentives for plastic cash since it makes tracking easier and handling black money harder.

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ginamichellesattic | 1 year, 7 months ago
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I know checks seem to be on their way out. We used to order Chinese food and pizza and they all accepted checks. Now they do not. I am not sure about cash. I tend to think dollars and coins will be around for a long time. Many people still do pay with cash. Credit cards have their problems, as well. With so much fraud and identity theft, I am not sure credit cards will be in for the long haul. Perhaps someone genius will come up with another method of transferring money from one account to another. Something that is theft- proof.

Very interesting question. The world is changing so quickly before our eyes.

When I was growing up we had TV, but cable was introduced when I as about 7 or 8. No cell phones, no internet. It seems like things are changing very quickly. Before you have time to go out and buy the next "new thing" the next is introduced.

Who knows, you may be onto something!

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