Some people feel that physical money no longer be used in the future. Others feel it will still have some uses. Discuss both sides and give your opinion?

Undoubtedly, E-transaction is the most innovative development in the
economical
Replace the word
economic
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field. There is a belief that coins and notes will be completely replaced in the future,
while
some
people
still argue that physical
money
will
be existed
Change to the active voice
exist
have existed
show examples
. I opine with the first statement that paper currency will be no longer available in the coming era. The first and foremost
for
Change preposition
apply
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the
Correct article usage
apply
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argument to support the cash form
that
Add a missing verb
is that
show examples
there is no need
of
Change preposition
for
show examples
equipment to use in order to pay the bill. Some
people
especially older
people
have a challenge
to use
Change the verb form
using
show examples
the
Correct article usage
apply
show examples
payment cards or mobile phones to pay the bill.
Secondly
, it is essential to have
proper
Add an article
a proper
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internet connection to do online transaction,
whereas
in many rural areas, there
is
Change the verb form
are
show examples
no facilities for internet usage, so in
such
places, physical
money
is the only option for
transactions
.
On the other hand
, I often believe that currency will be faded out
due to
immense reasons. Nowadays, online transaction is very convenient, because
money
is not needed to carry by hand.
People
can transfer
the
Correct article usage
apply
show examples
money
by swapping a single card or by using mobile phones. Definitely, it is not a complex process and
variety
Correct article usage
a variety
show examples
of options are available
due to
the advancement in technology.
For example
, applications like Google
pay
Capitalize word
Pay
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,
revoult
Correct your spelling
revolt
etc. enable
the
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apply
show examples
customers to do
the
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apply
show examples
transactions
through their mobile phones.
Furthermore
, online
transactions
figure out
the
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apply
show examples
illegal activities like corruption, black
money
and the use of illegal notes. Online
transaction
Fix the agreement mistake
transactions
show examples
should need proof.
Such
facility
Correct article usage
a facility
show examples
increases the chance of the extinction of notes in the future. In conclusion,
eventhough
Correct your spelling
even though
physical cash has its own advantages, technological advancements in the field of
money
transactions
will replace it
due to
convenient and legal
e
Add a hyphen
e-transactions
show examples
transactions
.
Submitted by anildeepthy1982 on

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Topic Vocabulary:
  • financial security
  • safety net
  • unforeseen circumstances
  • emergencies
  • future investments
  • retirement planning
  • financial discipline
  • habit of saving
  • amassing wealth
  • substantial fund
  • opportunity cost
  • additional income
  • inflation
  • purchasing power
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