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

In recent days, many
individuals
use these apps on the internet and smartphones to transfer cash to friends, family or businesses. From my perspective,
this
is a largely positive development for society though there is greater potential for fraud, especially for
people
who don’t know too much about the internet. On the one hand, it is pointed out that transferring
money
has potential danger.
For example
, when transferring
money
online, there is a chance that one’s password is exposed to the hacker , and these hackers will exchange passwords and take
money
in
this
account. For young
people
, there is no problem with
this
complication because they are able to avoid that but for old
people
it is different.
Consequently
, every year, thousands of retired citizens become victims of frauding
money
through the internet.
However
, transferring
money
online brings tremendous advantages to society. In the past,
people
who wanted to transfer
money
to friends, family and businesses would have to make a trip to a bank, wait in line and fill in various forms. Now,
individuals
'
money
can be transferred to someone through a card or account from another bank.
This
takes less time for
people
and helps many deals in the market become faster in daily life.
In other words
, the time saved is a significant factor for
individuals
and businesses and the main reason online banking has become an important factor for
people
. In conclusion,
individuals
must be calm and mindful of potential fraud,
however
, transferring
money
online is a clear beneficial technological development.
Submitted by jakedth162 on

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Use cohesive linking words accurately and appropriately

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Linking word examples:

  • firstly
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  • thirdly
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  • also
  • for example
  • for instance
  • therefore
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