Today, many people use the internet and smartphones to transfer money to friends, family, and businesses. Is this a positive or negative development?

The development of the

Internet

Use synonyms

and smartphones has revolutionized all aspects of our lives. One of these aspects is the way people handle their financial day-to-day activities like doing monetary transactions on their devices via the use of the

Internet

Use synonyms

. While some consider

this

Linking Words

development harmful, I believe that it is worthwhile. The primary benefit of using smartphones in transferring money is the high speed.

For instance

Linking Words

, accounting departments in large corporates that have a plethora of activities pertaining to purchasing or money transfers could benefit from employing the

Internet

Use synonyms

rather than having to go to a

bank

Use synonyms

for each transaction. It is,

therefore

Linking Words

, huge merit and a major help in order to save time.

Moreover

Linking Words

,

this

Linking Words

development can play a significant role in each individual's life, regardless of their professional affiliation, due to the noticeable amount of time-saving.

Although

Linking Words

I do appreciate that some people are concerned regarding the security aspects, I believe that the advantages are more. Another benefit of

this

Linking Words

technological advancement is how it can help preserve our precious environment. In the past, each transaction demanded an itinerary to the

bank

Use synonyms

or ATM machines, using a stack of paper for keeping records of the transaction (for the

bank

Use synonyms

and each individual), and a higher number of facilities like

bank

Use synonyms

branches to do so. courtesy to the

Internet

Use synonyms

, these set of activities are obsolete,

hence

Linking Words

it helps the preservation of the environment by averting unnecessary traffic and paper use. In conclusion, I think utilizing our electronic devices and the

Internet

Use synonyms

in transferring money is extremely beneficial, especially in terms of saving our time and preventing more damage to the environment.

Moreover

Linking Words

, technology is advancing by the minute,

thus

Linking Words

providing people with more secure transactions.