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

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It is discussed that online currency has a significant impact which
provide
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provides
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more options for consumers in the method of payment.
This
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essay supports the trend of
this
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behaviour and I will discuss the views
of
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on
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Correct article usage
the benefit
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benefit
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benefits
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about
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of
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online currencies. Cash is
trading
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a trading
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tool that has been used for a long period in human society.
Howevder
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However
, currently, there are many online currencies available
due to
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the development of technology. A new global trading tool,
such
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as crypto-currency be
utilzing
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utilised
by numerous companies.The main reason is lease
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is controlled
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controlled
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control
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by the government and lower
transcation
Correct your spelling
transaction
cost
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costs
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.
New
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A new
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business model could attract customers when they lower their
price
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prices
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.
Therefore
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, companies tend to utilize international money rather than local authentic currency. On the aspect of consumers, proponents agree that the development of
cashless
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a cashless
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has offered convenience .
For example
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, consumers could spend the currency directly from online banking without cashing out.
In addition
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,
due to
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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
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lacks
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privacy. User may leak their personal information
while
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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
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payment
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methods could provide customers
the
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with the
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convenience that there is cashless and lower
transcation
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transaction
fee
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fees
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.
Also
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more accessible for companies to adjust the value of their goods.
Submitted by yipcm202 on

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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

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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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