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

It is discussed that online currency has a significant impact which
provide
Change the verb form
provides
show examples
more options for consumers in the method of payment.
This
essay supports the trend of
this
behaviour and I will discuss the views
of
Change preposition
on
show examples
Correct article usage
the benefit
show examples
benefit
Fix the agreement mistake
benefits
show examples
about
Change preposition
of
show examples
online currencies. Cash is
trading
Add an article
a trading
show examples
tool that has been used for a long period in human society.
Howevder
Correct your spelling
However
, currently, there are many online currencies available
due to
the development of technology. A new global trading tool,
such
as crypto-currency be
utilzing
Correct your spelling
utilised
by numerous companies.The main reason is lease
Add a missing verb
is controlled
show examples
controlled
Replace the word
control
show examples
by the government and lower
transcation
Correct your spelling
transaction
cost
Fix the agreement mistake
costs
show examples
.
New
Correct article usage
A new
show examples
business model could attract customers when they lower their
price
Fix the agreement mistake
prices
show examples
.
Therefore
, companies tend to utilize international money rather than local authentic currency. On the aspect of consumers, proponents agree that the development of
cashless
Correct article usage
a cashless
show examples
has offered convenience .
For example
, consumers could spend the currency directly from online banking without cashing out.
In addition
,
due to
the effect of the pandemic, people could not leave home for buying commodities, thereby, the convenience of online shopping solves the problem in a beneficial way that they can just order products at home. Opponents may consider that online money
lacking
Wrong verb form
lacks
show examples
privacy. User may leak their personal information
while
they using the insecurity system. Meanwhile, individuals may fall into a scam when there are no regulations to restrict the authorities. In conclusion, the advantage of online
paying
Replace the word
payment
show examples
methods could provide customers
the
Add the preposition
with the
show examples
convenience that there is cashless and lower
transcation
Correct your spelling
transaction
fee
Fix the agreement mistake
fees
show examples
.
Also
more accessible for companies to adjust the value of their goods.
Submitted by yipcm202 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.

Fully explain your ideas

To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

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
What to do next:
Look at other essays: