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In the future it is likely that people will no longer use coins or paper money to pay for things, instead everyone will only use plastic cards (credit, debit Store Cards, Web Cards, etc) Would this be a positive or negative development. Discuss…

In the future it is likely that people will no longer use coins or paper money to pay for things, instead everyone will only use plastic cards (credit, debit Store Cards, Web Cards, etc) Would this be a positive or negative development. Discuss… 2xxYM

with the rapid growth of the technology and the global economy, we can predict that the notes and coins will be eradicated by the electronic transaction frameworks in the future. The favourable and adverse effects attached to the plastic cards for making payments would be examined in greater depth by this essay. According to that, Predominant advantage of using debit and credit cards is the ability of making payments in variety of currencies within few seconds, which has huge potential to access global market by people across the world. Other than that it provides greater security and reduce the risk of carrying large sums of money around. For instance, mobile message or call verification is performed by most card companies prior to the large amount of payments. Further it facilitates customers to extract all the transactions they have made in the period within very short time, which could be led to enhance the transparency. However, in despite of electronic payments with enormous benefits, some problems are still being arisen due to various situations. The serious issue is that some individuals with credit and debit cards are easily frauded by hackers and Cybercriminals illegally, which often happens due to card holder’s inadequate knowledge about handling cards properly. Another noticeable disadvantage is that individual’s saving power is reduced since they tend to purchase more and more by spending lots of money from their electronic cards, proven by latest studies. To recapitulate, in the future, people have no choice other than use of this digital payment methods and the detrimental effects that discussed above could be easily managed. That’s why many are still favour in performing transactions via visa and master cards notwithstanding its negligible adverse effects.

This sentence does not start with an uppercase letterWith
with
 the rapid growth of the technology and the global economy, we can predict that the notes and coins will be eradicated
 by the electronic transaction frameworks in the future. The Possible spelling mistake. 'favourable' is British English.favorable
favourable
 and adverse effects attached to the plastic You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
 for making You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payments
 would be examined
 in greater depth by this essay.

According to that, Predominant advantage of using debit and credit You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
 is the ability of making You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payments
 in variety of currencies within few seconds, which has huge potential to access global market by This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 across the world. Other than that it provides greater security and This phrase/word (depending on the context) can be potentially replaced with :alleviate
reduce
 the This phrase/word (depending on the context) can be potentially replaced with :hazarddanger
risk
 of carrying large sums of money around. For instance
, mobile message or call verification is performed
 by most You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
This phrase/word (depending on the context) can be potentially replaced with :enterprisescorporations
companies
 prior to the large amount of You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payments
. Further
 it facilitates customers to extract all the transactions they have made in the period within This phrase/word is too simple and can be replaced with:extremelyimmenselysupremelysuperb
very
 short time, which could be led
 to enhance the transparency.

However
, in despite of electronic You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payments
 with enormous benefits, This phrase/word is too simple and can be replaced with:a number of
some
 problems are still
being arisen
 due to various situations. The serious issue is that This phrase/word is too simple and can be replaced with:a number of
some
 individuals with credit and debit You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
 are easily
Possible spelling mistake found.
frauded
 by hackers and Cybercriminals illegally
, which This phrase/word is too simple and can be replaced with:frequently
often
 happens due to You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
 holder’s inadequate knowledge about handling You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
properly
. Another noticeable disadvantage is that individual’s saving power is This phrase/word (depending on the context) can be potentially replaced with :alleviated
reduced
 since they tend to This phrase/word (depending on the context) can be potentially replaced with :acquire
purchase
 more and more by spending lots of money from their electronic You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
, proven by latest studies.

To recapitulate, in the future, This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 have no choice other than This phrase/word (depending on the context) can be potentially replaced with :exploit
use
 of this digital You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payment
 methods and the detrimental effects that discussed above could be easily
 managed. That’s why This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
 are still
Consider using a past participle here: "favoured".favoured
favour
 in performing transactions via visa and master You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
 notwithstanding its negligible adverse effects. 