People used to transaction product in the early decade. Then the money appears and change the way of treatment. Cash money makes the transfer faster and easier. In my opinion the huge development in the technology will change the equation again and the created card will be a substitute for the cash.
Nowadays the word becomes a small village. For example, one small product may produce in more than one country, and sold overseas, capital will be exchanged through the banks to pay for it in a fast and safe way. There are several benefits of moving to cashless, firstly the papers and coins not only dirty, but also careening a lot of disease on it, which effect on the health of the society. What is more crime will drop dramatically when people become not carrying a lot of cash in their pocket. Printing the papers are very expensive and need advance process to make sure it cannot counterfeit or damage, consequently this budget will be less.
Although electronic crime becomes a real threat to the transactions, but by wise security will eliminate the risk. So the awareness of how to use, the created card and how making a strong password should be rising. Another issue faces people is that, they become spend more than they actually have and they have a lot of debit in their account to overcome this issue banks should define limits to the accounts. Finally there should be a strict laws and the roles of the government that handled the process of electronic exchange.
In conclusion, cashless society will become a reality in the near futures, and will make word better place for living. Countries how adopted this technology first will guarantee to be in the first line.
People
used
to transaction product in the early decade. Then the money appears and
change
the way of treatment. Cash money
makes
the transfer faster and easier. In my opinion the huge development in the technology will
change
the equation again and the created card will be a substitute for the cash.
Nowadays the word
becomes
a
small
village.
For example
, one
small
product may produce in more than one country, and sold overseas, capital will
be exchanged
through the banks to pay for it in a
fast
and safe way. There are several benefits of moving to cashless,
firstly
the papers and coins not
only
dirty,
but
also
careening
a lot of
disease on it, which effect on the health of the society.
What is more
crime will drop
dramatically
when
people
become
not carrying
a lot of
cash in their pocket. Printing the papers are
very
expensive and need advance process to
make
sure it cannot counterfeit or damage,
consequently
this budget will be less.
Although electronic crime
becomes
a real threat to the transactions,
but
by wise security will eliminate the
risk
.
So
the awareness of how to
use
, the created card and how making a strong password should be rising. Another issue faces
people
is
that, they
become
spend more than they actually
have and
they have
a lot of debit
in their account to overcome this issue banks should define limits to the accounts.
Finally
there should be a strict laws and the roles of the
government
that handled the process of electronic exchange.
In conclusion
, cashless society will
become
a reality in the near futures, and will
make
word better place for living. Countries how adopted this technology
first
will guarantee to be in the
first
line.