Needless to say technology has spread its lag into every nook and corner. Looking at a current scenario it seems to that bank notes have been replacing by credit and debit cards. However this situation has both pros and cons which i will articulate into accompanying passages.
There are many advantages associated with it. To commence with it is happening because of its convenience factor. people do not have to carry chunk of money for shopping or other significant purposes as it can be simply used within a second and payment can be done with just one swap. This not only saves time but also people can buy a many things at the same time. To exemplify if people want to buy a monthly household stock it would be a effortless for them to buy essential thing at a time as they have a credit card.
This situation is also have few drawbacks. To start with, it would create immense problem, if it has been stolen due to the fact that people can loss the excessive amount of money from it and it can be easily misused. Addition to that, it is lenthy process to block the ATM card. Furthermore, this credit card and debit card technology is troublesome for old age people as they are less aware of this. Third, it creates a huge problem for those who are not tech-savy.
To conclude, even though debit and credit card help to diminish the time which is associated with some task and provide a convenience, but it would be risky in some situation as well as cumbersome for old generation.
Needless to say technology has spread its lag into every nook and corner. Looking at a
current
scenario it seems to that bank notes have been replacing by
credit
and debit
cards
.
However
this situation has both pros and cons which
i
will articulate into accompanying passages.
There are
many
advantages associated with it. To commence with it is happening
because
of its convenience factor.
people
do not
have to
carry chunk of money for shopping or other significant purposes as it can be
simply
used
within a second and payment can
be done
with
just
one swap. This not
only
saves
time
but
also
people
can
buy
a
many
things at the same
time
. To exemplify if
people
want to
buy
a monthly household stock it would be
a
effortless for them to
buy
essential thing at a
time
as they have a
credit
card.
This situation is
also
have
few drawbacks. To
start
with, it would create immense problem, if it has
been stolen
due to the fact that
people
can loss the excessive amount of money from it and it can be
easily
misused. Addition to that, it is
lenthy
process to block the ATM
card
.
Furthermore
, this
credit
card
and debit
card
technology is troublesome for
old
age
people
as they are less aware of this. Third, it creates a huge problem for those who are not
tech-savy
.
To conclude
,
even though
debit and
credit
card
help
to diminish the
time
which
is associated
with
some
task and provide a convenience,
but
it would be risky in
some
situation
as well
as cumbersome for
old
generation.