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