What are the advantages and disadvantages of a cashless society.

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Nowadays,due to the rapid development in technologies, innovations and modernization, Researchers and Research and Development departments of various organisations and Multi-National companies are finding new ways and techniques to ease the efforts of humans. In
this
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essay, both merits and demerits of a cashless society will be discussed before my opinion is reached. For advantages, the
first
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benefit of a cashless society is the ease to make a payment anywhere and anytime, as it allows a buyer and any other organisation or department to send and receive
the
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apply
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money with ease and it
also
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saves a lot of time. As we know, there is a saying that 'Time is money.'
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, I can still make payments to my relatives, university and other sources by using various payment applications
as
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such as
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Netbanking and it will be convenient for both the sender and the receiver. Even though the development of technology eases the efforts of humans but it
also
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has some drawbacks.
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with, it can lead to cyber crimes and expose or leak users' data to the dark web. To illustrate, a recent survey done by the Government of India shows that the percentage of cyber crimes in India just doubled in the
last
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5 years.
Therefore
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, the government is organizing workshops and training centres which will help the individual to learn about cybercrime and the safety precautions to be taken. In conclusion,
this
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essay presented both pros and cons of a cashless society. presumably, I think that its benefits including ease of payment ,
time-saving
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and time-saving
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outweighs
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outweigh
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its demerits.
Moreover
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,
this
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section will be progressively enhanced to overcome its disadvantages soon.

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