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

Nowadays, the evolution of banking has an advancement more than in the past.
Therefore
, a lot of
people
who want to alienate cash turn to transfer
money
via the
internet
and an application on smartphones. In
this
essay, I will discuss both pros and cons of transferring
money
via the
internet
and present my personal opinion. On the one hand, there are numerous benefits of financial transactions via smartphones.
First
and foremost,
people
in
this
generation have to manage their life as quickly as possible, including in terms of financial banking. For
this
reason, transferring
money
by using the
internet
is a suitable way because there is a convenient and rapid process so users should not have to go to the department store or the banking centre, which is
Correct article usage
a wasted
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wasted
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waste
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of
time
.
Moreover
, users can do
this
transaction anywhere in the world all the
time
, which is not
concern
Wrong verb form
concerned
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about office hours or holiday weekends.
For instance
, many
people
who lived in urban cities where there have not a number of banking or mall branches can transfer fees for online shopping easier and should not have to take much
time
and loss tuition for going outside towns.
On the other hand
,
money
is
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being
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transferred via the
internet
also
brings some drawbacks.
First
of all, an error from auto-machines or systems, which are controlled by artificial intelligence, will be happened
in
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apply
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sometimes.
Also
, users might
to
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apply
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fill
the
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in the
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information number of a destination incorrectly so
money
is transferred to other accounts, which an unknown person.
Consequently
, they wasted
time
resolving these problems by contacting
with
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apply
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a bank officer to pull their
money
back. In my point of view, I believe that the benefits of humankind who transferred
money
to other
people
via the online application are an overwhelming positive than negative development.
Submitted by itemtofan on

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