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

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In the modern era, a myriad of society takes advantage of the internet and their mobile phones in order to make a transaction and send money to different people. From my perspective,
this
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new technology has many merits, which can enhance an individual's lifestyle. There are several reasons why it is beneficial.
Initially
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,
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development has a huge impact on declining the amount of time which could be wasted.
For instance
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, In past decades, people had to visit their own banks in order to make a transaction.
In addition
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, the use of the internet could reduce pollution and improve the quality of air.
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, there would be needless for society to commute between places for a single money transfer and the loads on the streets could be declined.
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, there is an ability to track the transaction and cancel it whenever it is necessary to get the money back.
On the other hand
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, there might be some demerits which could put people's accounts at risk.
As a result
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, the elderly could be conveniently deceived by phishing emails and they could be known as a fraud criminal because of their lack of awareness. Following
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, there might be a majority of cyber viruses, which could hack the older community's account. The other disadvantage of
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method is that ones could face the situation that they have no access to the internet, which makes things complicated. In conclusion, a large percentage of the population are great consumers of banks' online services, and I consider the benefits of using
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system to outweigh its detriments.
Submitted by ghazalegholamnia on

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