What will become obsolete in the next ten years?

What will become obsolete in the next ten years?

Older technology like landline phones, USB drives, alarm locks, and more will likely become obsolete in the next 10 years. Eco-friendly changes in the manner technology is created will likely render one-use plastic products and incandescent light bulbs useless in the coming decade.

Will pen and paper become obsolete?

Paper will become obsolete when flexible displays are not only as cheap, but when somebody has provided a way of using them that is as viscerally satisfying, or more so, as it is to use a book or a magazine. Paper has a grain, and little imperfections, and a smell. It has been cut, and bound or glued together.

Will cash be obsolete?

Ultimately, cash may in fact disappear. But it’s mostly a question of where and when. While it may disappear in some countries, it might remain in others. And if it ultimately happens in 50 or 100 or more years, it won’t matter much to anyone who’s alive today.

Are banks obsolete?

Retail banks are far from obsolete: they are needed more than ever in the age of data. The past five years have been about the incumbent banks trying to emulate the fintech challengers. But we are close to the point where a good digital experience is just a hygiene factor.

What countries no longer use cash?

In 2023, Sweden is proudly becoming the first cashless nation in the world, with an economy that goes 100 percent digital. Currently, about 80 percent of Swedes use cards with 58 percent of payments being made by card and only six percent made in cash, according to the Swedish Central Bank.

What happens if the dollar becomes worthless?

Effects of a Dollar Collapse A sudden dollar collapse would create global economic turmoil. Investors would rush to other currencies, such as the euro, or other assets, such as gold and commodities. Demand for Treasurys would plummet, and interest rates would rise. U.S. import prices would skyrocket, causing inflation.