Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

#currencies #years #development

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Online transactions have surged more than ever before in the

last

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few years.

This

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due to

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the

Correct article usage

apply

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technological advancement and globalisation. In my opinion, it should be considered

Change preposition

apply

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a positive development owing to the ease of transferring

money

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and the reduction in

money

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handling

Use synonyms

cost

Fix the agreement mistake

costs

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Firstly

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, online transactions are only possible because of the advancement in technology that allows for

such

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means of sending funds.

Further

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, globalisation has resulted in many industries across the world requiring instant

payment

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modes for the products purchased.

For example

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, numerous online shopping platforms have been established in the recent past which require

payment

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to be made instantaneously and

hence

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online.

As a result

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, more and more

business to customer

Add a hyphen

business-to-customer

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organisations

have

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has

show examples

integrated

payment

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platforms

such

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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

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, the

cost

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associated with handling

money

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is reduced.

For instance

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, if departmental shops accept only paper notes they will need several cashiers to handle the

money

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provided by all the customers. Alternatively, if there are

payment

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kiosks present to handle some customer

queue

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queues

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at the departmental shop, the

cost

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associated with a few cashiers can be eliminated. In

this

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manner, online

payment

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options are reducing the

cost

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associated with maintaining resources. In conclusion, the adoption of online

payment

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methods will continue to rise with the progress in technology and globalisation.

Consequently

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, there can be a time in future

where

Correct word choice

when

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one

hundered

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hundred

per cent of transactions can occur online. Organisations should be quick to adopt

payment

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changes to remain relevant and ahead of their competition in

respective

Correct pronoun usage

their respective

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industries.

Submitted by abhinayam on Sun Jan 29 2023

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12
Linking words
meeting the goal of 7 or more
3
Word repetition
meeting the goal of 3 or fewer
9
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: 4.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 4.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

281 words

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Topic Vocabulary:

Digital wallet
Decentralization
Cryptocurrency
Blockchain
E-commerce
Fiat currency
Financial inclusion
Cross-border transactions
Volatility
Smart contracts
Decentralized Finance (DeFi)
Mining
Energy consumption
Pseudo-anonymous
Regulatory challenges
Financial privacy

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Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

Some people tend to take temporary jobs (they only work for few months of years )for they have time to do other things. Do you the advantage outweigh disadvantages?

There is an increasing population on the planet, and people are running out of water, food, and fuel. To what consequences may overpopulation lead? In your opinion, what measures calation?n be taken to fight overpopu

The health benefits of physical exercise are well-known. Despite this, a lot of people do not exercise regularly. What are the readons for this? What would be done to exercise more often?

University students are increasingly studying abroad as part of their studies. Do the advantages of studying abroad outweigh the disadvantages?

Eco-tourism usually involves people visiting remote areas. Some people think this will have a negative impact on local cultures and communities. What problems can result from eco-tourism? What measures can be taken to protect local culture and communities?