Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?
Online transactions have surged more than ever before in the
last
few years. This
is due to
the
technological advancement and globalisation. In my opinion, it should be considered Correct article usage
apply
as
a positive development owing to the ease of transferring Change preposition
apply
money
and the reduction in money
handling cost
.
Fix the agreement mistake
costs
Firstly
, online transactions are only possible because of the advancement in technology that allows for such
means of sending funds. Further
, globalisation has resulted in many industries across the world requiring instant payment
modes for the products purchased. For example
, numerous online shopping platforms have been established in the recent past which require payment
to be made instantaneously and hence
online. As a result
, more and more business to customer
organisations Add a hyphen
business-to-customer
have
integrated Change the verb form
has
payment
platforms such
as GooglePay and ApplePay into their business.
The transition to making payments online is a positive development as it provides a more convenient option to send cash to others. In addition
, the cost
associated with handling money
is reduced. For instance
, if departmental shops accept only paper notes they will need several cashiers to handle the money
provided by all the customers. Alternatively, if there are payment
kiosks present to handle some customer queue
at the departmental shop, the Fix the agreement mistake
queues
cost
associated with a few cashiers can be eliminated. In this
manner, online payment
options are reducing the cost
associated with maintaining resources.
In conclusion, the adoption of online payment
methods will continue to rise with the progress in technology and globalisation. Consequently
, there can be a time in future where
one Correct word choice
when
hundered
per cent of transactions can occur online. Organisations should be quick to adopt Correct your spelling
hundred
payment
changes to remain relevant and ahead of their competition in respective
industries.Correct pronoun usage
their respective
Submitted by abhinayam on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.