Advantages and disadvantages of cashless society 52

Advantages and disadvantages of cashless society
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Advantages and disadvantages of cashless society

Advantages and disadvantages of cashless society

In this modern world, it is an irrefutable fact that our world is becoming rapidly cashless and people have started giving priority to inline transactions. Some people perceive that online transactions are beneficial to transfer money while others reject the notion by saying that it leads to numerous problems. I firmly believe that it has a plethora of merits along with some demerits. I will elaborate on my views in the forthcoming paragraphs.

To begin with, the cashless transaction has given our world a new shape. Now, we can easily send even a huge amount of money to anyone with just one click via internet banking. Moreover, it extinct the risk of theft because we don’t have any need to keep money with us. We can easily use it with ATM anywhere and anytime. Thus, it can be said that cashless transactions have made our life way easier and safer by decreasing the risk of theft and efforts to make money with us.

In the other hands, like “Every rose has its thorns”. It has some disadvantageous too. There is a number of people living in villages are still illiterate and they have started facing several problems as they do not have any knowledge to use internet banking of how to do ATM transactions. Also, their money is being theft by numerous spammers who rob their money by deliberately asking them their ATM no. And password. So, in order to make the world cashless, we should also provide the source of Knowledge where everyone can get knowledge of using a cashless transaction.

In conclusion, after inspecting upon further paragraphs, we concede that cashless transactions have made our life so easier and save our time which we can spend on other valuable things for further improvement.

Advantages and disadvantages of cashless society

Advantages and disadvantages of cashless society

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