In the foreseeable future, digital currencies are expected to replace paper money, with a cashless society emerging rapidly, especially in major urban centers and countries with advanced IT infrastructure. Meanwhile, the development of digital payment systems is on the rise worldwide, aiming to address the challenges of moving away from cash, as seen in initiatives by the European Union and the Central Bank of China.
However, the complete displacement of traditional fiat currencies by digital ones within the next decade or so is unlikely. While digital currencies may dominate in urban and technologically advanced regions, rural areas and populations that rely on traditional exchange methods may not witness the same shift. Additionally, the potential competition between national digital currencies and cryptocurrencies like Bitcoin is expected to continue, highlighting the need for stability, anonymity, and decentralization in digital financial systems for broader acceptance.
