Currency notes have been replaced by plastic money and now its all about electronic money . Discuss advantages and disadvantage.

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It is irrefutable that the paper cash has been replaced by the digital currency and now people prefer it as a primary medium of transaction.
This
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essay shall discuss its benefits including convenience and safety in terms of using, along with some of the drawbacks of
this
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phenomenon. On the one hand, there are a wide variety of reasons of using digital payment.
To begin
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with, the value of the money cannot be assessed during spending. As a matter of fact, it might lead to over expend while shopping online or physically at a store.
For instance
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, when individuals pay in retail outlets through mobile, psychologically they do not feel about extra spending.
Moreover
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, non-accessibility to a major population of the world is another obvious issue. Many underdeveloped countries are still unable to provide
this
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type of a transaction system to the nation.
Therefore
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, it can be concluded that online transferring of the money to the vendor has still some issue that needs to be resolved properly.
On the other hand
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, a numerous positive aspects are
also
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related to adopting digital transferring of assets.
Firstly
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, it is a convenient mode of purchasing because the masses do not need to carry a huge sum of cash with them. As a matter of fact, they can not only use it all over the world, but
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save their time by avoiding currency exchanging at the particular shops.
Secondly
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, safety of a person as well as valuables is a major benefit of using web transactions because robbers and thieves cannot steal
this
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type of money.
Therefore
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, it seems that it is the most preferable method to purchase items. In conclusion,
this
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essay has discussed two major threats including the possibility of budget disturbance and the accessibility issues
besides
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a myriad of upsides of
this
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situation.

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