Nowdays, technology has become a vital part of daily life. It has been observed that the virtual money has overtaken the physical money in recent time. Some people believe that community will become cashless because of safety and easiness of online transaction. If questioned, I strongly support such a notion. My inclination is justified in the ensuing write-ups.
There are several arguments to support my stance. The first and foremost one is that cashless methods are one of the safest methods in the world. In other words, in today's technical world, online transactions are become more safer than before because of security provided by banks as well as government. For example, cases of robbery reduce by 47% worldwide because of use of credit cards and debit cards.
Moreover, due to online transaction, international payments become very easy to send in recent time. To illustrate, cashless transactions can be operated from any corner of the world and transfer money to any place. Furthermore, online transactions are very easy to done. To elaborate, because of internet, cashless transactions can be initiated by just clicking a button on the computer.
Nevertheless, I could not overlook opposite side, too. The reason is that paper money and coins can be used at any place. To reformulate, not only big companies but also small stores accept physical money, while online payment is accepted in only few places. For instance, there is a survey which was conducted by Cambridge University; it revealed that only 14% local shops of England accept cards for payment.
In conclusion, it has been seen that online transactions are replacing paper money in present time. Although physical money covers vast area of business, I firmly believe that cashless transactions are more beneficial because of safety, wide range of transaction and easiness of it.
Nowdays
, technology has
become
a vital part of daily life. It has
been observed
that the virtual
money
has overtaken the physical
money
in recent time.
Some
people
believe that community will
become
cashless
because
of safety and easiness of
online
transaction
. If questioned, I
strongly
support such a notion. My inclination
is justified
in the ensuing write-ups.
There are several arguments to support my stance. The
first
and foremost one is that cashless methods are one of the safest methods in the world.
In other words
, in
today
's technical world,
online
transactions
are
become
more safer
than
before
because
of security provided by banks
as well
as
government
.
For example
, cases of robbery
reduce
by 47% worldwide
because
of
use
of credit cards and debit cards.
Moreover
, due to
online
transaction
, international payments
become
very
easy to
send
in recent time. To illustrate, cashless
transactions
can
be operated
from any corner of the world and transfer
money
to any place.
Furthermore
,
online
transactions
are
very
easy
to done
. To elaborate,
because
of internet, cashless
transactions
can
be initiated
by
just
clicking a button on the computer.
Nevertheless
, I could not overlook opposite side, too. The reason is that paper
money
and coins can be
used
at any place. To reformulate, not
only
big
companies
but
also
small
stores accept physical
money
, while
online
payment is
accepted
in
only
few places.
For instance
, there is a survey which
was conducted
by Cambridge University; it revealed that
only
14% local shops of England accept cards for payment.
In conclusion
, it has been
seen
that
online
transactions
are replacing paper
money
in present time. Although physical
money
covers vast area of business, I
firmly
believe that cashless
transactions
are more beneficial
because
of safety, wide range of
transaction
and easiness of it.