New forms of money are becoming extremely popular nowadays. Is this a positive development or adding risk to the system? Should new money technology face greater regulation and scrutiny? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words. You should spend about 40 minutes on this task.
There is no doubt that the usage of
money
has changed significantly in the last
years
. Cryptocurrencies and digital payment platforms have Correct quantifier usage
few years
became
an integral part of our Change the verb form
become
live
. Replace the word
lives
While
there are some drawbacks, I tend to believe that there are more positive sides.
The main benefit of new forms of money
is that it makes life much easier for many people. This
means that customers can purchase items online in more
convenient way, whenever and wherever they want, they just need to touch their smartphone screen for a couple of seconds and there it is, the order is in progress. Add an article
a more
In addition
, digital money
transactions give an
access to Remove the article
apply
wider
range of products from all over the world. Nowadays, there is a myriad of foreign websites, which provide an Add an article
a wider
anormous
amount of products, which are not available in your country. Correct your spelling
enormous
For instance
, the popular chinese
website "Aliexpress" has different payment systems, like Mastercard and Visa, which Change the capitalization
Chinese
gives
a chance to Correct subject-verb agreement
give
payment
for anyone who is willing to do that.
Despite the positives mentioned above, there Replace the word
pay
is
undoubtedly many risks involved. Change the verb form
are
In other words
, the innovation of using cryptocurrencies and another
forms of digital Correct quantifier usage
other
money
has a
potential of many illegal activities, Correct article usage
the
such
as,
Remove the comma
apply
money
laundering and frauds
. Fix the agreement mistake
fraud
For example
, recently in Russia people receive
Wrong verb form
have received
alot
of phone calls from scammers, who are asking them to transfer all their Correct your spelling
a lot
money
to, as they say
"save accounts", but after Add the comma(s)
say,
that
they Add a comma
that,
are
no longer Verb problem
can
can
see them in their online wallets.
In conclusion, Verb problem
apply
while
there are certain negative sides of
using digital Change preposition
to
money
, I would argue that it is a positive trend overall
. The flexibility and thousands of apportinities
that are offered by Correct your spelling
opportunities
such
way of shopping are endeed
attractive and help people to live more conveniently.Correct your spelling
indeed
Submitted by t-staro on
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Introduction & Conclusion
The essay has a clear introduction and conclusion, which is good. However, the conclusion could better summarize the essay's main points.
Logical Structure
There is minimal logical structuring in your paragraphs. Ensure each paragraph has a clear main idea and follows logically from one to the next.
Support & Examples
Your essay presents relevant examples, but they need to be integrated more cohesively into the argument. Provide clear explanations of how examples support your points.
Complete Response
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Idea Development
Ideas are clear, but not all are comprehensive. Provide more nuanced arguments and a range of ideas for a higher score.
Example Specificity
Your examples are relevant, but you need to provide more specific details and demonstrate a direct link to your main argument for a higher score.