Many
people
believe that digital pay methods, Use synonyms
such
as Linking Words
cards
or phones, will displace Use synonyms
cash
. Use synonyms
This
essay answers why I think that it is the most possible scenario and why some Linking Words
people
might not be happy about it.
First of all, I think that the process of money digitalization has already started. The presence of shops which accept Use synonyms
credit
Use synonyms
cards
has been rapidly growing all over the world in recent years. Use synonyms
In addition
to that, smartphones have received the functionality to act as Linking Words
credit
Use synonyms
cards
using NFC technology and the number of terminals which recognize Use synonyms
this
method of payment has drastically increased. Linking Words
For instance
, a lot of studies in Russia show that the rate of digital Linking Words
payments
grew from 15% in 2015 to 85% in 2024. Use synonyms
Which
says not only about the development of technologies but Correct pronoun usage
This
also
that it was acknowledged by the citizens. Linking Words
Furthermore
, governments are strongly engaged in Linking Words
this
process, because it provides better control of the financial flows. Linking Words
Moreover
, tax services, which are responsible for collecting taxes from Linking Words
people
and tracking those who evade it, get a powerful tool to perform their duty. Use synonyms
Such
involvement from the government provides significant support to the companies which spread and improve digital Linking Words
payments
.
Use synonyms
However
, Linking Words
such
interest from the official services might make some Linking Words
people
not happy about Use synonyms
this
trend. Statistics from Linking Words
the
different countries report that Correct article usage
apply
people
Use synonyms
related
Verb problem
involved
to
illegal actions receive their Change preposition
in
payments
using Use synonyms
cash
only because it helps them Use synonyms
to
hide their activity and income. Verb problem
apply
For example
, it is hard to believe that those who sell weapons or drugs accept Linking Words
credit
Use synonyms
cards
. Use synonyms
Furthermore
, many Linking Words
people
try to lower their income or to completely hide it for the purpose of taxes evading. The landlords, Use synonyms
which
are not officially registered as those who provide accommodation, are a good illustration of that. It was proven that about 50% of Fix the agreement mistake
who
people
who rent apartments out, use different schemes to evade taxes by not accepting Use synonyms
credit
Use synonyms
cards
.
In conclusion, I think that in the next 10 years, Use synonyms
cash
Use synonyms
payments
will be used rarely and will be completely replaced with Use synonyms
credit
Use synonyms
cards
and phones. Use synonyms
However
, certain groups of Linking Words
people
will try to use Use synonyms
cash
as long as possible, because it helps them to do illegal actions.Use synonyms
batashevge