COins and paper money will soon be replaced by credit and back cards. DO you agree or disagree that eventually we will have a cashless society which will be safer and more convenient for everyone?

During the
last
decade, virtual
money
has reached its pinnacle after the mass adoption of debit
cards
by a staggering amount of people. I contend the notion that digital
money
will dominate future
societies
which will provide effective transactions over a safe and fast route. First of all, the pace of transition from cash to digital accounts is growing at a mind-boggling rate which entails
societies
exploring prudent solutions to keep up with technology by improving and upgrading existing banking infrastructure. Handling of cash
money
is cumbersome, yet inefficient to manage and requires physical interaction in comparison with other cashless methods like ATM
cards
.
For instance
, international
money
transformation used to be a challenging task until the invention of digital
money
.
This
invention has enabled people to transfer their
money
without boundaries.
In addition
to that utilization of
credit
cards
has
also
eliminated the risk of foreign exchange because
credit
cards
offer automated exchange options with a fractional commission fee. It is worth noting that digital
money
tools have considerably alleviated people's lives for the better and I think there is still room for improvement for future generations. The second reason why cashless
societies
are inevitable is
due to
their intricate safety measures against potential fraud. As a vivid case of those protective measures,
credit
cards
provide a perfect system for governing bodies to control the inflow and outflow of
money
,
thus
, reducing the number of
money
laundering and other similar crimes.
For instance
, previously it was relatively easier for cyber thefts to empty your
credit
card,
however
now with the integration of a 3d protection system which provides multiple verifications amid a suspicious event.
To conclude
,
although
the full transition from the conventional way to digital
money
has still some catch-up to do, I firmly hold the view that digital
money
is the most efficient and the safety way for
societies
to operate.
Submitted by orkhanshamil on

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I wore a warm coat because the weather was cold.

If action is not taken soon on climate change, global warming will get worse.

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