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

#cashless #society

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Nowadays, credit cards and online payment gateways are the dominant payment methods in developed societies. In

this

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essay, the benefits and drawbacks of the

cashless

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environment will be discussed before a conclusion of my point of view is stated. Online

payments

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make it super easy for people to purchase from the internet. it cuts the time required to travel to stores, shops and other businesses.

Moreover

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, it is quite easy to transfer money to others. all that you need is a few clicks on a computer or a smartphone.

For example

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. Internet banking let users transfer up to ten thousand dollars in seconds without leaving their place. and the other can be get notified by their

bank

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mobile application.

Also

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, it is more convenient for businesses to accept

cashless

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payments

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, as cash

payments

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will require physical and more costly security measures.

On the other hand

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Cashless

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payments

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have a considerable amount of risk from hackers who devoted the latest technology and knowledge to get into users'

bank

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accounts

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and steal their money.

For example

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. In Saudi Arabia, a remote hacker tricked many users and steal their

bank

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passwords and was able to get into their

bank

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accounts

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and withdraw thousands of dollars before the

bank

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security team blocked the hacker from accessing all of the other

accounts

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. In conclusion, Despite

Correct article usage

the

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risk of fraud activities by selecting

cashless

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payment methods, more advanced technology and knowledge are hired to stop

such

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behaviour.

For instance

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, in the

last

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,years a one-time-password (OTP) was introduced to all critical and sensitive online

accounts

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. the idea behind OTP is to use a

second

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channel

that is

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almost impossible for a hacker to get access to even if he got the

bank

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username and password.

Submitted by w on Sun Dec 25 2022

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

Introduction
Body paragraph 1 – advantages
Body paragraph 2 – disadvantages
Conclusion

Examples to start your body paragraph:

The main advantage is...
The disadvantage of this...
The main benefit...
Despite these advantages...
One possible drawback...

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10
Linking words
meeting the goal of 7 or more
4
Word repetition
meeting the goal of 3 or fewer
1
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 8.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 7.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

289 words

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

Answer the 'Advantages and Disadvantages' topic

In today’s world, private companies rather than the government pay for and conduct most scientific research. Do you think the advantages outweigh disadvantages?

Some students do very well at school and never have problems while others fall behind. Are they capable of handling this challenge themselves or should teachers and parents help them? Use specific reasons and details to support your answer.

Everybody should donate a fixed amount of their income to support charity. How far do you share this viewpoint?

Nowadays people use social media to keep in touch with others and be aware of the news. Do the advantages of this outweigh the disadvantages?

An increasing number of schools provide tablets and laptop computers for students to use in schools, replacing books and other printed materials like exams and assignments. What are the advantages and disadvantage of this trend?