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.

It is a well-known phenomenon that electronic means of transactions

such

as credit and debit

cards

are replacing traditional physical currencies. 

This

essay will not only explain the benefits of electronic

cards

such

as the convenience of shopping, but it will

also

elaborate on their drawbacks related to

security

and hackers. The biggest advantage is that electronic

cards

provide flexibility and convenience for shopping.

This

is because of payment machines which are available at every place wherever we go out for shopping.

Moreover

, as most of the online stores accept debit or credit transfers , so people have to use them as online shopping is

also

increased significantly.

For example

, many places

such

as shops, malls, banks, and universities are receiving payment through these

cards

rather than currency notes.

However

, the main disadvantages of these

cards

are related to

security

.

Firstly

, these

cards

have 16 numbers on them which can be memorised or stolen by anyone.

As a result

, even you have a card in your pocket somebody can use it without your knowledge.

Secondly

, hackers can

also

steal your money if you type your card information at a fake online shopping website.

For example

, Millions of dollars are stolen every year in Australia because of

security

breaches in these

cards

. In conclusion, we examined how convenient shopping is the greatest advantage of using debit or credit

cards

, as well as why electronic

security

is the main disadvantage of these

cards

. In my opinion,

although

there are some issues regarding traditional currencies, the benefits of electronic

cards

are numerous.