IS PAPER AND COIN MONEY BECOMING EXTINCT?

Before money was created by Sir John Money in 3016bc, payment for goods and services were done by the barter system-were people exchanged goods for goods, goods for services, services for goods and etc. The barter system was tedious, gave room for lots of uncertainty and consumed time. Money solved to a large extent most of the problems the barter system created, acting as a medium of exchange, store of value and unit of account. Money has undoubtedly become an essential instrument in today's financial world. However, is money going to soon be extinct like the barter system? This question is made possible by the advent of electronic payment systems sprouting up everywhere. Most financial transactions today are done electronically making the paper and coin money a figment of our imagination, whereas the velocity of money is not changing hands as much as it used too. If this is the case almost everyone would have an electronic payment system and funds would be transferred through such means. Meaning that physical money would only exist virtually.