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.

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It is a well-known phenomenon that electronic means of transactions
such
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as credit and debit
cards
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are replacing traditional physical currencies. 
This
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essay will not only explain the benefits of electronic
cards
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such
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as the convenience of shopping, but it will
also
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elaborate on their drawbacks related to
security
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and hackers. The biggest advantage is that electronic
cards
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provide flexibility and convenience for shopping.
This
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is because of payment machines which are available at every place wherever we go out for shopping.
Moreover
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, as most of the online stores accept debit or credit transfers , so people have to use them as online shopping is
also
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increased significantly.
For example
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, many places
such
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as shops, malls, banks, and universities are receiving payment through these
cards
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rather than currency notes.
However
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, the main disadvantages of these
cards
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are related to
security
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.
Firstly
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, these
cards
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have 16 numbers on them which can be memorised or stolen by anyone.
As a result
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, even you have a card in your pocket somebody can use it without your knowledge.
Secondly
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, hackers can
also
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steal your money if you type your card information at a fake online shopping website.
For example
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, Millions of dollars are stolen every year in Australia because of
security
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breaches in these
cards
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. In conclusion, we examined how convenient shopping is the greatest advantage of using debit or credit
cards
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, as well as why electronic
security
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is the main disadvantage of these
cards
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. In my opinion,
although
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there are some issues regarding traditional currencies, the benefits of electronic
cards
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are numerous.
Submitted by imranabhc on

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