What are the advantages and disadvantages of having a cashless society?
In the modern eras, internet banking has been tremendously developed resulting in a society without cash. In
this
essay, the benefits and drawbacks of the cashless community will be examined before my perspective on this
statement is reached.
On the one hand, internet banking encourages convenience in the payment of individuals. Nowadays, people enable
to directly buy anything Correct your spelling
are able
such
as food, beverage
, Fix the agreement mistake
beverages
book
, or many more, regardless of the cost and place through banking applications with just a few touches on the mobile screen. Fix the agreement mistake
books
For example
, individuals can transfer a million baht using less than 10 seconds, while
in the past, people need
to go to banks and fill up many application forms to transfer the same amount of Wrong verb form
needed
money
. Furthermore
, it is very convenient in daily life for consumers and sellers, as the clients can pay for buying stuff without handling cash or a wallet, and sellers do not need to prepare the charge to give to consumers.
On the other hand
, internet banking may contribute to losing large amounts of money
to hackers. Because some hackers can possibly hack the security of bank accounts. According to
the news in 2021, many accounts from Kasikorn bank
, Thailand were hacked and lost the value of approximately 100 million baht. Capitalize word
Bank
Moreover
, easy payment prompts people to be more in depts
since the feeling of paying by the digital number on the mobile phone is different from paying by cash. Correct your spelling
debt
For instance
, 80% of clients said paying through a banking application makes them concerned less about the value of money
.
In conclusion, although
online banking makes
individuals at risk of being hacked and using Verb problem
puts
money
more than necessary, I believe that its advantages outweigh its disadvantages due to
its convenience. In addition
, these problems will be tackled by future promising solutions.Submitted by chutirat.work on
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Task Response
Make sure to address both the advantages and disadvantages of a cashless society in detail. Provide specific examples to support your points.
Coherence and Cohesion
The essay has a clear structure with an introduction, body paragraphs, and a conclusion. Ensure that each paragraph is well-linked and contributes to the overall coherence of the essay.