Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this.

#plastic #money #replacements #credit #debit #cards #banknotes #coins

Electronic transactions are gradually replacing the traditional banking system and bank currency is being supplanted by credit and debit cards. The transformation is taking place slowly but steadily and widespread. The paradigm shift has both the negative and positive consequences which will be discussed in

this

essay. Primarily, electronic transactions and plastic money payments are more convenient and can be processed on the go.

This

can be illustrated as the masses neither have to carry a wad of cash or check - which takes a couple of days to clear the payments.

Additionally

, the electronic payment system is global in nature and hassle-free.

Consequently

, e-commerce has flourished and many individuals have their online business without any brick and mortar shop.

Thus

, it is pretty easy to shop,

for example

, using VISA or Master Card one can do shopping virtually from anywhere in the world. Meanwhile, with the payment gateways like PayPal someone can sell the products online.

Therefore

, people are entirely relying on the cards to make life easier.

On the contrary

, the trend does not come without negative aspects. The primary theft to

such

payment mode is cybercrime and hacking.

For example

, once the card is cloned or sensitive data is hacked, the owner would suffer great financial loss.

Although

technology has enabled us to use plastic money,

however

, the risk of using plastic cards pertains to technology. To conclude, with the development of the financial industry credit and debit cards are trending.

This

essay discussed the multifarious advantages of cards including they fit in the wallet easily and convenient to make payments.

This

essay

also

discussed the ill effects caused by hackers and scam.

Submitted by sobiamaan9 on Fri Sep 06 2019

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11Linking words
meeting the goal of 7 or more
0Word repetition
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4 paragraphs

276 words

8.50

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Accurate linking words

Variety in linking words

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Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this.

An increasing number of professionals such as doctors and teachers are leaving their own poorer countries to work in developed countries. What problems does this cause? what can be done to deal with this situation?

Fewer and fewer people today right by hand using a pen pencil or brush. What are the reasons? Is this a positive or a negative development?

The movement of people from agricultural areas to cities to work can cause serious problems in both places. What are the serious problems and what measures can be taken to solve this problem? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Nowadays, people are not as fit and healthy as they used to be in the past which creates health issues in the long run. What are the reasons? What can be done to solve this problem?

Learning English at school is often seen as more important than learning local languages. If these are not taught, many are at risk of dying out. In your opinion, is it important for everyone to learn English? Should we try to ensure the survival of local languages and, if so, how?