In the future people may no longer be able to pay for the things the shop using cash all the payments may have to be made by card or using phone do you think this will happen one day why do you think some people might not be happy to give up cash

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It is predicted by some in the future one will no longer be able to purchase anything via
cash
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all transactions would be
cashless
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. I believe, going absolutely
cashless
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will never take place. My stand regarding
this
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prediction
along with
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the reason it would be disliked by few is explained henceforth. There are several compelling reasons which make me believe that
cashless
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transactions would not be the only means to pay in the future.
Firstly
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, there would be a huge number of
people
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who would still prefer the traditional method of payment.
This
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is because they might find online
technology
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difficult to use.
For instance
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, most elderly will insist on using
cash
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rather than doing net banking. Another prominent reason is,
due to
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some
technology
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malfunctions Bank servers may turn down which will result in grave inconvenience to everyone. It might even eat to heavy monetary loss for business firms and shopkeepers.
For example
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,
people
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engaged in the stock market are likely to operate either by mobile banking or net banking.
Hence
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, in the case of a server being
down
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,down
show examples
they tend to suffer huge losses. Inevitably going
cashless
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will upset many folks.
To begin
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with, cards
as well as
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mobile transactions depend both on
technology
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and the Internet which is a problem for
people
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living in areas where services are not available properly.
For example
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,
people
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residing in the remote village have no access to internet facilities.
Apart from
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this
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, net banking often comes with a high risk of fraud
as well as
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infringement of data and is
thus
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not preferred by many.
To conclude
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, I believe even with highly developed
technology
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use of
cash
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from society will not be abolished as it is easy to use and faces no network issues.
Moreover
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, it safeguards the community from online scams and can even be used in places with no internet connection.
Therefore
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, many
people
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ok the society would be unhappy to give up
cash
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.
Submitted by chehlsychristie947 on

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Topic Vocabulary:
  • cashless society
  • digital payments
  • e-wallets
  • technologically adept
  • banking services
  • data privacy
  • security concerns
  • digital transactions
  • underdeveloped areas
  • technology infrastructure
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