Today, many people use the internet and smartphones to transfer money to friends, family, and businesses. Is this a positive or negative development?

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In
this
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modern era, the
usages
Fix the agreement mistake
usage
show examples
of online
money
Use synonyms
Use synonyms
transfer
Fix the agreement mistake
transfers
show examples
is increasing with leaps and bounds . But many people claim that it is beneficial while others reject
this
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notion. In my, opinion
this
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concept has some advantages and disadvantages at
the
Correct article usage
apply
show examples
same time. I strongly believe that the position of online
money
Use synonyms
Use synonyms
transfer
Fix the agreement mistake
transfers
show examples
appears to be more rational. In
this
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, essay we will
further
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elaborate on the positive and negative effects of
this
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trend and
thus
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will lead to a logical conclusion. There are myriads of reasons which will
further
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explain
this
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argument. Yet, the
most
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apply
show examples
chief fact is that it is
time saving
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time-saving
show examples
method. One clear example is that pupils who live in another country send online
money
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to
her
Correct pronoun usage
their
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family owing to pay bills and taxes.
However
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, in ancient times,
money
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sent
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was sent
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to
person
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the person
a person
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with the help of
bank
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a bank
the bank
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.
However
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, it is controversial and challenging because numerous types of documents
such
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as Identity Card and password is required by the bank. Another pivotal aspect is that the population send
money
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anytime.
Although
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,
this
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is not possible in the past due to
bank
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the bank
show examples
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being open
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open
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opening
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only
9
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from 9
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am to 5 pm. Moving
further
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, it is pertinent to mention that no charges
consumed
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are consumed
show examples
by the online method and it is efficient and fascinating. A survey conducted by the prestigious university Oxford revealed that in
the
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apply
show examples
2022,
majority
Correct article usage
the majority
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of individuals choose online
money
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transfer
Use synonyms
rather than
others method
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other methods
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such
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as banks, and, firms.
However
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, there are some pitfalls that negate these arguments which can certainly overwhelm the potential influence of
this
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trend.
Although
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, the most alarming one is that online
money
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fraud is
also
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increasing with leaps and bounds. For, instance a report published by the
cyber crime
Correct your spelling
cybercrime
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branch depicts that 75 per cent
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money
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of money
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frauds rising in the
last
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five years.
Besides
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,
no
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the no
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money
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refund option is the major drawback of
this
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notion individuals
feels
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feel
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paranoid sometimes.
Moreover
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, hackers
also
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concealed data numerous
time
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times
show examples
from
the
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apply
show examples
online application. The article published in the eminent newspaper depicts that 5
billions
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billion
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dollars
looted
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were looted
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by
the
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apply
show examples
hackers
in
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apply
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last
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year's
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year
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while using online
money
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transfer
Use synonyms
application
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applications
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. In
conclude
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conclusion
show examples
, according to the argument aforementioned above, one can reach the conclusion, that the perks of the online application are instrumental indeed. The potential drawbacks should not be overlooked either.
Submitted by naffey07 on

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