some people believe that carrying cash should not be necessary and all payments ought to be digital. Others argue that having paper money still has benefits. What do you believe and why? Give reason for your answer, and include relevant examples from your own knowledge or experience.

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It is true that digital
payments
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have become popular among more and more countries and
thus
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many
people
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consider that we need not
paper
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money
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anymore in our daily life. Personally, I hold the idea that
paper
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money
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still contains several benefits and is equally important as digital
money
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.
First
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of all, we have to recognize that purchasing goods via digital
payments
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is considerably common. Due to the development of the internet, some scenarios
such
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as online shopping websites and digital platforms require mobile
payments
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.
For example
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, online
payments
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have been more than 50 per cent of American markets in 2020. There is no doubt that
this
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proportion would be larger with the development of high-technique companies and the advocation of artificial intelligence. At the same time, the benefits of
this
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way of
payment
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like convenience and intelligence are
also
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obvious, which Increases
people
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's enthusiasm for it.
However
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, regardless of the above arguments, I think that residents should not abolish the usage of
paper
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money
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. The fundamental reason is that
paper
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money
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can reduce the underlying risks of digital
money
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to some degree. In another word, when
people
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try to use their smartphones and resort to electronic
payment
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, they may face the issue that the electricity of the phone is run out. In
such
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a situation,
people
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cannot finish the
payment
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.
Nevertheless
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,
this
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case can be improved if
people
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prepare some
paper
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money
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in their wallets and bags.
Besides
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, some stores like gas stations, restaurants and food markets may not accept digital
payment
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.
Therefore
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,
paper
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money
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is necessary for our daily life. In conclusion, there is a tendency that governments to manage to develop digital
payment
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. In my opinion,
paper
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money
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is
also
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important and cannot be ignored in
this
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process.
Submitted by 1998v7 on

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