Today, many people use the internet and smartphones to transfer money to friends, family, and businesses. Is this a positive or negative development?

Transactions
of
money
among people and businesses
has
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have
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been a daily occurrence
since
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for
show examples
many
millenia
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millennia
.
Although
in the past
transfering
Correct your spelling
transferring
was a tangible activity involving notes and coins, with the advancements in internet and mobile technologies, the physical aspect of fund
transfering
Correct your spelling
transferring
has now mostly transitioned into electronic means. In my opinion, I believe that
this
transformation is a favourable evolution
due to
several key benefits. one of the main benefits of performing
money
transfering
Correct your spelling
transfer
transferring
with the aid of technology is the high level of convenience experienced. Since
,
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apply
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transactions
are carried out electronically, there are no limitations in locale, and
also
the activities are performed
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in realtime
show examples
realtime
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real time
show examples
.
For example
, if family members living in
seperate
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separate
countries require to move funds amongst each other, now they can achieve
this
using a mobile banking app.
Thus
,
such
features
provides
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provide
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a
hassle free
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hassle-free
show examples
and convenient means of carrying out
such
activities. Another advantage of electronic fund
transfering
Correct your spelling
transferring
can be linked to the high
leve
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level
of security provided to
money
. In the past transfering cash required people to physically move
money
from one place to another, which increases the chances of a theft occurring.
For instance
, at present
money
can be digitally
transfered
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transferred
between bank accounts, and these
transactions
are
end to end
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end-to-end
show examples
encrypted ensuring
the
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a
show examples
high level of security.
Furthermore
, as electronic
money
transfering creates a digital
foot print
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footprint
show examples
of all the activities, it can be used in terms of valuable information for budgeting purposes. Since
,
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apply
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financial institutions
records
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record
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details of all the
transactions
people or businesses can use these data for analysis purposes for
future
plans. One example can be related to a household where the family use the past transaction data to understand
about
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apply
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unnecessary past expenses that they can avoid in the
future
to improve their savings.
Thereby
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Therefore
show examples
,
such
data is very valuable when planning for the
future
.
Thus
in conclusion, I strongly believe that the shift of
money
transfering
Correct your spelling
transferring
from
the
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apply
show examples
traditional methods to the current electronic means has many benefits ranging from an individual perspective to global e-commerce,
due to
the convenience, level of security, and opportunities to support
future
fund
managment
Correct your spelling
management
that
such
means provide.
Submitted by kanishka.wimalasuriya on

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Grammar
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Content Depth
To further strengthen your argument, you might include a brief discussion on potential drawbacks of digital transactions, providing a balanced view before concluding on its overall positivity. This approach could enrich your essay's depth.
Content Relevance
Your essay effectively outlines the benefits of digital transactions, offering clear and relevant examples that support your points well.
Structure
You've systematically organized your essay with a logical flow, incorporating an introduction, body paragraphs, and a conclusion, which aids in reader comprehension.

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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