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. Give reasons for your answer and include any relevant examples from your own knowledge or experience.

In
this
era of modernisation, various forms of
cards
are widely accepted to pay the amount and the use is way higher than that of cash.
This
essay will elaborate on the pros and cons of
this
such
as, convenience and feasibility
is
Change the verb form
are
show examples
more as far as
cards
are concerned but safety is always a concern behind them. to commence with, the
first
and foremost benefit of
plastic
money
is that they are super handy, no need to carry the coins which make the vallet heavy.
In other words
, it is incredibly useful for
people
as they just need to carry a card and everything is set and done.
In contrast
to
this
, carrying hash is a bit difficult task when it comes to shopping for valuable items which have hefty prices.
For instance
, according to a report published by The Times of India, in March 2020, 65% of
people
found more comfort in paying by debit or credit
cards
. 80% of
people
reported mishaps and trouble with handling cash during their travel.
Secondly
, when it comes to safety,
plastic
money
is not at all considered safe because there is always a chance that the password can be stolen or the card can be hacked which puts
people
's entire bank balance at stake. Banknotes are rather safe to carry and even if they are subjected to theft, the individual may lose only that much amount and the rest of the savings will be treasured. To exemplify, according to the survey conducted by The Cyber Crime Department in India, 60% of
people
reported cases of theft and hacking of their
plastic
money
.
This
elucidates that
cards
are not very safe to use. In conclusion,
Although
plastic
money
is super convenient to use,
people
must take care of the safety and carefulness while handling them.
Submitted by drvaishalikhare on

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