Being a cashless society is what most countries are heading to. Some of these countries support this transition as they believe it will make positive changes to the economy and people’s lives. However, the problem of its security has concerned some people and they shoe no encouragement to undertake this form of transaction. Personally, I would stand for the use of cashless transactions, the reasons will be outlined in this essay.
It is indisputable that governments and citizens can gain many benefits form undertaking transactions electronically, one social advantage is the difficulty of money laudering, tax evasion or funding illegal activities. Commonly, the illegal trade often takes place with cash in order to avoid any evidences or records. Nevertheless, in a non-cash world, this no longer happens as a paper trail will be left, so the authorities can track the transaction easily. This is also true for the case of tax evasion and money laudering. It will be impossible to evade paying taxes if source and application of funds can be checked and under control through financial records. Hence, digital payments not only improve the transpareny of the economy, but they also help reduce the crime rate.
There is no denying that on using cashless transactions, there is a lack of privacy and security. As a matter of fact, when transactional data is stored in servers, it increases the risks of unauthorized breaches by hackers. In addition, records stolen might be intentionally leaked and lead to many other problems. However, I believe that the benefits digital payments bring with oughtweigh the drawbacks. Furthermore, there’s no going back, we need to face the risks and deal with the difficulties to unlock the advantages.
In conclusion, I am totally in support of running transactions technogically rather than with cash. The world is experiencing a rapid and increasing use of digital methods of operating everything, and so should the trade. 
Being a cashless society is what most countries are heading to.  
Some
 of these countries support this transition as they believe it will  
make
  positive
  changes
 to the economy and  
people
’s  
lives
.  
However
, the problem of its security has concerned  
some
  people and
 they shoe no encouragement to undertake this form of  
transaction
.  
Personally
, I would stand for the  
use
 of cashless  
transactions
, the reasons will  
be outlined
 in this essay.
It is indisputable that  
governments
 and citizens can gain  
many
 benefits form undertaking  
transactions
  electronically
, one social advantage is the difficulty of money  
laudering
, tax evasion or funding illegal activities.  
Commonly
, the illegal trade  
often
 takes place with cash in order to avoid any evidences or records.  
Nevertheless
, in a non-cash world, this no longer happens as a paper trail will be  
left
,  
so
 the authorities can  
track
 the  
transaction
  easily
. This is  
also
 true for the case of tax evasion and money  
laudering
. It will be impossible to evade paying taxes if source and application of funds can be  
checked
 and under control through financial records.  
Hence
, digital payments not  
only
  improve
 the  
transpareny
 of the economy,  
but
 they  
also
  help
  reduce
 the crime rate.
There is no denying that on using cashless  
transactions
, there is a lack of privacy and security. As a matter of fact, when transactional data  
is stored
 in servers, it increases the  
risks
 of unauthorized breaches by hackers.  
In addition
, records stolen might be  
intentionally
 leaked and lead to  
many
 other problems.  
However
, I believe that the benefits digital payments bring with  
oughtweigh
 the drawbacks.  
Furthermore
, there’s no going back, we need to face the  
risks
 and deal with the difficulties to unlock the advantages. 
In conclusion
, I am  
totally
 in support of running  
transactions
  technogically
  rather
 than with cash. The world is experiencing a rapid and increasing  
use
 of digital methods of operating everything, and  
so
 should the trade.