A 'cashless society' is one where people use debit/credit cards and other forms of payment instead of cash. Do the advantages of a cashless society outweigh the disadvantages?

Money is any item or medium of exchange that symbolizes value. It is accepted by

people

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for the

payment

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of goods and services,

as well as

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the repayment of loans. Day by day, more and more settlement

methods

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appear to meet the demands of consumers. Nowadays, purchasers prefer to use debit/credit cards and other forms of

payment

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instead

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of

cash

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. From my perspective, we still have many situations when physical

payment

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is more beneficial than the others. On the one hand, there are frequent disadvantages to a “cashless society”.

First,

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to join it, you need to access a bank account which is not affordable for all persons, particularly the poor . Old

people

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may be uncomfortable with technology and less able to switch from physical currency.

Second,

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you give your information and privacy when paying too, hackers can steal all of it and get you in trouble.

Third,

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even small technological problems make all purchases and payments impossible.

For instance

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, I used to have to wait for a long time at the restaurant since the

payment

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machine was broken.

Finally

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, several stores now only accept

cash

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, so you may buy nothing if you don’t carry any money.

On the other hand

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,

cash

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payment

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is more useful than what

people

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usually think it is. Unlike other

methods

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, it is widely accepted. We can buy almost every item in physical currency without getting any issues, especially at the market where money is the easiest way to pay for something. Some

payment

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methods

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like using credit or debit cards, usually come with transaction fees. But

cash

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typically doesn’t.

Moreover

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,

cash

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is independent of a machine or internet connection.

This

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helps individuals in some cases where technology devices for

payment

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are unavailable. In conclusion, I'm sure that there are many situations when

cash

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is more useful than other

methods

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.

People

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should use it more often to avoid the drawbacks of other forms of

payment

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.