Currency notes have been replaced by plastic money and now its all about electronic money . Discuss advantages and disadvantage.

It has been argued by many individuals that paper
money
has been changed by digital capital
along with
these days all human beings know about its
use
of it.
This
essay will not only shows the merits but
also
the demerits in subsequent paragraphs and a reasoned conclusion. On the brighter side, the prominent benefit of using electronic
money
is that commoners might protect themselves from heists. In
this
contemporary era, most humans perform antisocial activities as they do not have jobs with the help of plastic
money
people
may save from theft because they would not have cash.
For instance
, a survey conducted by Harward University revealed that in China 90% of the population do crimes because of unemployment.
Moreover
, it is an easy mode of purchasing because the public does not need a carry a huge sum of
money
with them.
people
can
use
it all over the world
as well as
also
save time by avoiding currency exchange at specific shops. On the darker side, the fundamental drawback is that
people
could become spendthrifts. when
people
have credit or debit cards, they would spend recklessly on unnecessary products.
Consequently
, they may fall into debt.
In addition
, in countless ,regions
people
do not know how to
use
it.
Therefore
, sometimes they share their passcode with others ones with
this
they can face financial issues as there are many spammers available in
this
era who hack bank accounts and debit all the capital.
To conclude
,
although
there are two advantages
firstly
,
people
can
use
it internationally and secure from robbery, the disadvantages are they expend more
money
on that thing which is useless and some parts of the land are wrong
use
Add the particle
to use
show examples
of it.
Submitted by deepikanayyar1996 on

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