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