What are the advantages and disadvantages of having a cashless society?

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In the modern eras, internet banking has been tremendously developed resulting in a society without cash. In
this
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essay, the benefits and drawbacks of the cashless community will be examined before my perspective on
this
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statement is reached. On the one hand, internet banking encourages convenience in the payment of individuals. Nowadays, people
enable
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are able
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to directly buy anything
such
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as food,
beverage
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beverages
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,
book
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books
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, or many more, regardless of the cost and place through banking applications with just a few touches on the mobile screen.
For example
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, individuals can transfer a million baht using less than 10 seconds,
while
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in the past, people
need
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needed
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to go to banks and fill up many application forms to transfer the same amount of
money
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.
Furthermore
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, 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
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, internet banking may contribute to losing large amounts of
money
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to hackers. Because some hackers can possibly hack the security of bank accounts.
According to
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the news in 2021, many accounts from Kasikorn
bank
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Bank
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, Thailand were hacked and lost the value of approximately 100 million baht.
Moreover
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, easy payment prompts people to be more in
depts
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debt
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since the feeling of paying by the digital number on the mobile phone is different from paying by cash.
For instance
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, 80% of clients said paying through a banking application makes them concerned less about the value of
money
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. In conclusion,
although
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online banking
makes
Verb problem
puts
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individuals at risk of being hacked and using
money
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more than necessary, I believe that its advantages outweigh its disadvantages
due to
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its convenience.
In addition
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, these problems will be tackled by future promising solutions.
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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.
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