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What is the future of Canadian bills and coins in the era of digital currencies?

avatarhonlayDec 26, 2021 · 3 years ago1 answers

As digital currencies continue to gain popularity, what does the future hold for Canadian bills and coins? Will they become obsolete in the era of digital currencies? How will the Canadian government adapt to this changing landscape?

What is the future of Canadian bills and coins in the era of digital currencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we believe that the future of Canadian bills and coins in the era of digital currencies will depend on the preferences and needs of the Canadian population. While digital currencies offer convenience and innovation, physical cash still holds value in our society. As a leading digital currency exchange, we are committed to providing a seamless transition between digital and physical currencies. We believe that the Canadian government will continue to support the use of physical currency while embracing the benefits of digital currencies. As the adoption of digital currencies increases, we may see a shift towards a more cashless society, but it is unlikely that Canadian bills and coins will become obsolete in the near future.