Some people today feel that physical money will no longer be used in the future. Others feel it will still have some uses. Discuss both sides and give your own opinion.

Nowadays , it is true to say that many people prefer to use digital currencies rather than bank notes. Some people believe that physical money will be replaced by digital wallets in the near future ,
however
, others feel that it
would
Wrong verb form
will
show examples
remain in some cases. In
this
essay , I will discuss both views and
then
finally
I will present my own concern. On the one hand ,some opponents claim that digital currencies are more useful for communities than physical ones. Obviously , most giant companies like Facebook and Google accept only electronic payment when we
require
Wrong verb form
are required
show examples
to purchase their services .
For example
, many small businesses can
also
start their businesses without worrying about complex payment processes and security breaches because modern payment services apply the latest technologies.
Consequently
, governments can
also
manage the taxation of each individual's income and
also
reduce corruption levels.
On the other hand
, some proponents believe that cash
also
still
require
Wrong verb form
required
show examples
in our society . Undoubtedly, people cannot use digital payments everywhere ,especially in rural areas.
Although
online payments are widely accepted , a large number of communities from the countryside are likely to use paper ones.
As a result
, small money exchange services are one of the growing businesses in rural areas and that can
also
improve the economy of
this
particular region.
To conclude
, using bank notes or digital money has its own advantages .
However
, in my humble opinion,we cannot avoid digital transformation and cashless environments in the coming few years. I believe physical notes will be replaced by a cashless system very soon.
Submitted by waiphyothu007 on

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Coherence and Cohesion
Expand on the reasons and examples for each side of the argument to provide a more balanced discussion.
Task Response
Provide a more nuanced discussion by considering the implications and limitations of digital currencies and physical money.

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Topic Vocabulary:
  • financial security
  • safety net
  • unforeseen circumstances
  • emergencies
  • future investments
  • retirement planning
  • financial discipline
  • habit of saving
  • amassing wealth
  • substantial fund
  • opportunity cost
  • additional income
  • inflation
  • purchasing power
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