Do you think a fully digital/electronic system of payment, no cash, would increase or decrease the value of currency?

[CupcakeTheDestroyer]

I think it would increase the value

I think it would decrease the value

I have no idea, I’m not an economist

[Tarifa]

It wouldn't decrease the value of a currency, but possibly our perception of it. With an all digital system, I feel like it's much easier for money to "slip through my fingers" on a daily basis. I use electronic for bigger purchases, also weekly shopping, whereas I like to withdraw a certain amount of money for smaller things. It just feels a bit more real when paper money and even coins are involved.

But in the end, it's your bank balance that counts. If you get to see the bank notes or not doesn't change anything substantial.

[superchan2011]

Well currency as it is really has no value as it's just paper. Gold is what truly has value. so the way i see it, it really wouldn't be any different if the system was fully digital or electronic.

[TurtlePoop]

Machine: “Sorry, ma’am, you’ve used up your allotment for bakery products for this month. Perhaps you might consider Some of Bill Gate’s cricket crackers.”

[Maybe_Maybe_not]

I don't get how to answer reasonably this question. I'm just aware that currency value is defined by so complex factors it's insane. Too insane to risk any prediction here lol

[UnusualWeirdo]

Yeah I don't think it would effect it, our money is backed by gold. So it would stay the same.

[ProbablyClueless]

I don't think it would have any effect. The vast majority of fiat money is already digital anyway.

[RedInnocent69]

Probably neither, but if it did, it would increase because a lot of dark money is in cash transactions, which would make money laundering more difficult.

[woahhh152]

It would remain the same