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
Add a comma
,down
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they tend to suffer huge losses. Inevitably going
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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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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