Plastic money is extremely popular over the globe. The recent few decades are the witness of the development in economic sector. Amid this development, there is one phenomenon has associated with it. According to this phenomenon digital money is replace from banknotes and coins. There are several reasons that have connected with it. There are various merits with this creation outweigh the demerits. I will try to trow light upon this view as well as posit my perspective about it.
To commence with, there are multifarious pros connected to this phenomenon. First and foremost, in according to plastic currency, it led to deteriorate the corruption inside the world. To prove, people often use the credit card or debit card instead of banknotes. Some business person try to give bribe to government officer to pass their tender with black money but with development of plastic money, they do not have any option to give bribe and they get frighten before giving it. The another reason which has also great value is that it is beneficial for economy and environmentally. To explain, when people use digital revenue than national authorities can save the gold instead of buying currency paper from world bank. Consequently, as it save gold for nation which increase global economy and price of gold decrease. In addition, it led to protect our environment because trees are not cut for producing revenue paper. Hence, it is positive way to prevent the beginning of deforestation process.
Furthermore, people may use the digital money at all retail place instead of bank currency. To be precised, plastic money would be used easily and really very quickly through the internet. People may swipe the card at ATM to withdraw the money for using it where credit card are not accepted.
On the other side of spectrum, the predominant reason that has cons of plastic money is that people may have to face the fraud. To add, people frequently share their personal things as they have to take halt in this situation. Due to this, money transferred to false account by hackers. This may result in, people get heart attack or sometime they commit suicide.
Aggelomerating, all the point to conclude that plastic money has more benefits than it' s drawback. In my opinion, people have diverted their use by plastic money with profound knowledge. Because it is really safe and quick way to spend money at any place.
Plastic
money
is
extremely
popular over the globe. The recent few decades are the witness of the development in economic sector. Amid this development, there is one phenomenon has associated with it. According to this phenomenon digital
money
is
replace
from banknotes and coins. There are several reasons that have connected with it. There are various merits with this creation outweigh the demerits. I will try to trow light upon this view
as well
as posit my perspective about it.
To commence with, there are multifarious pros connected to this phenomenon.
First
and foremost, in according to
plastic
currency, it led to deteriorate the corruption inside the world. To prove,
people
often
use
the credit
card
or debit
card
instead
of banknotes.
Some
business person try to give bribe to
government
officer to pass their tender with black
money
but
with development of
plastic
money
, they do not have any option to give
bribe and
they
get
frighten
before
giving it. The another reason which has
also
great value is that it is beneficial for economy and
environmentally
. To
explain
, when
people
use
digital revenue than national authorities can save the gold
instead
of buying currency paper from
world bank
.
Consequently
, as it save gold for nation which increase global economy and price of gold decrease.
In addition
, it led to protect our environment
because
trees are not
cut
for producing revenue paper.
Hence
, it is
positive
way to
prevent
the beginning of deforestation process.
Furthermore
,
people
may
use
the digital
money
at all retail place
instead
of bank currency. To be
precised
,
plastic
money
would be
used
easily
and
really
very
quickly
through the internet.
People
may swipe the
card
at ATM to withdraw the
money
for using it where credit
card
are not
accepted
.
On the other side of spectrum, the predominant reason that has cons of
plastic
money
is that
people
may
have to
face the fraud. To
add
,
people
frequently
share their personal things as they
have to
take halt in this situation. Due to this,
money
transferred to false account by hackers. This may result in,
people
get
heart attack or sometime they commit suicide.
Aggelomerating
, all the point
to conclude
that
plastic
money
has more benefits than
it&
#039; s drawback. In my opinion,
people
have diverted their
use
by
plastic
money
with profound knowledge.
Because
it is
really
safe and quick way to spend
money
at any place.