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

It is undoubtedly to say that society, throughout the latest years, has faced multiple innovations, one
such
being digital currency.
This
essay shall analyse some of the advantages of online money and what is the reason
of
Change preposition
for
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being used more frequently. On one hand, using online
currencies
as a payment type is straightforward and worldwide accepted. Nowadays, most of the shopping platforms offer, as an incentive, discounts or in some cases, points that can be
further
for other acquisitions on the website.
Although
it may seem like a difficult process for seniors, most of the shopping platforms are user-friendly and very intuitive. People can pay from the comfort of their house in any country.
Nevertheless
, in Romania
for example
, even the local authorities have been implementing digital payments and it seems to be a favourable outcome.
On the other hand
, using online currency allows people not to worry about being robbed or worrying about a counterfeit bill.
Furthermore
, physical cash is subject to various white-collar crimes, including money laundering, fraud, and bribery because it is difficult for prosecutors to charge felons.
In addition
, digital payment has not
subject
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been subject
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to counterfeit bills in the past few years, the United States, recorded several cases compared to countries where online
currencies
are implemented. As well, tourists have encountered numerous incidents when they were deprived and scammed by foreign exchange offices.
To sum up
, online
currencies
are used more and more because they are effortless and secure. There have been registered some downsides,
however
, in my
opinion
Add the comma(s)
opinion,
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the positive developments outweigh the negative ones as
the
Correct article usage
apply
show examples
online
currencies
are a safer,
efortless
Correct your spelling
effortless
and secure option for any of the moments of life.
Submitted by iuliabubulica23 on

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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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