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
In the contemporary world, it is irrefutable that the mode of money transactions have changed around the globe. These days, credit and debit
cards
have become quite popular replacing the
coins and notes. In Correct article usage
apply
this
essay
we shall discuss Add a comma
,essay
about
the positive and negative impacts of Remove the preposition
apply
this
development.
On one hand,the mushroom growth in the usage of transaction through chip cards
have many benefits on the customer part. Firstly
, it is very convenient for the buyer as there is no need for bulk
fund to be carried all the time. If an individual has to pay a handsome deposit for hospital charges, Add an article
a bulk
the bulk
for instance
, he can easily make a transaction through his card
. Secondly
, it is a time-saving method for huge bills and big investments. Illustrating this
, one can do online shopping through bank cards
and there is no need to go and clear the bill physically. This
makes the transactions accessible and time-friendly.
On the other hand
, this
approach has had many downsides for the customers. The first
and foremost drawback is online fraud of cash through hacking of card
pin codes. Many instances are there,
when capital has been forged through bank Remove the comma
apply
card
money transfers. Other than that, lack of knowledge about the usage of these cards
is a great hindrance for the old generation. To cite an example, an aged person is unaware of the complex procedure of using these card
. As a result
, online theft and inability to use can add to the negative aspects of bank cards
.
In conclusion, it can be said that this
trend has many positive and negative developments. In my opinion, one should take into consideration both the pros and cons of using credit and debit cards
in place of coins and physical money.Submitted by kk1710015 on
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