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.

One of

the most debatable

Suggestion

the most debated

issues in the

last

decade has been the

davantages

the quality of having a superior or more favorable position

advantages

of

plastic

money

over traditional

money

. Some people think

plastic

money

is superior to traditional currency,

becuase

for the reason that; on account of

because

it is

convinient

Suggestion

convenient

conveniently

and fast.

Others

Accept comma addition

Others, however

however

, are

concern

Suggestion

concerned

about identity

theft

and prefer to use traditional banknotes. In the following

essa

an analytic or interpretive literary composition

essay

issue

essays

, I will provide arguments and examples to support both views. The main concern about

plastice

generic name for certain synthetic or semisynthetic materials that can be molded or extruded into objects or films or filaments or used for making e.g. coatings and adhesives

plastic

money

,

such

as online transfer using PayPal, or debit card is the high risk of

theft

. With the introduction of the internet, more and more transactions are being processed online without the need for personal interaction.

As a result

, hackers can

still

take without the owner's consent

steal

personal financial information and use it for their own needs online. According to the New York Times,

for example

, there have been over 100,000 identity thefts over the

last

year in the USA.

This

shows that by using online

transactions we

Accept comma addition

transactions, we

are exposed to financial

theft

much more than traditional currency.

On the other hand

,

plastic

money

allows people to buy things fast without the need to carry a wallet, or go to the ATM machine.

Furthermore

, financial transactions using credit cards

is seen

Suggestion

are seen

instantly in our bank account, which provides us the ability to know precisely our expenses and debts. According to the Israeli federal bank, while there have been a 30% increase in the amount of online transactions over the

last

5 years, there is a 15% decrease in overdrafts.

This

illustrates that

plastic

money

allows people better buying experience as well as better financial control. In conclusions, there are many advantages

to

Suggestion

of

plastic

money

,

such

as improved buying experience and better financial control, there are

also

known disadvantages, like increased risk of

theft

.