Some people think that paper money and coins will be replaced completely by credit cards and online methods of payment in the future Do you agree or disagree

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Some people think that paper money and coins will be replaced completely by credit cards and online methods of payment in the future.
Do you agree or disagree?

It is indeed that technological advancements in the banking system have changed the way of various modes of payments. Many transactions are being done by the credit cards and online methods. Therefore, it seems that it will replace the paper money and coins in the forthcoming time. However, this cannot be supported due to the various reasons.

To begin with, in this hi-tech era there are many places in the world where credit cards and internet have not reached. For instance, in Sudan, people do not use credit card besides cash and less access of internet. Moreover, all people are not educated and familiar how to use the internet. The printed money is the only way of monetary exchange for them.

Over and above, from the security point of view, these methods are not too safe. For example frauds and thefts of bank account details. It is one of the safety issues for users. The hackers can use all the details, in order to get the money of principle account holder.

All in all, it cannot be denied that the use of electronic money will increase drastically over a period of time. But eliminating cash and coins completely out of the system will not be possible.

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2019-08-06 Seema Kaur 73 view
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No. of Words: 206 350
Minimum 250 words wanted

Attribute Value Ideal
Score: 3.0 out of 6
Category: Satisfactory Excellent
No. of Grammatical Errors: 0 2
No. of Spelling Errors: 0 2
No. of Sentences: 14 15
No. of Words: 206 350
No. of Characters: 938 1500
No. of Different Words: 120 200
Fourth Root of Number of Words: 3.788 4.7
Average Word Length: 4.553 4.6
Word Length SD: 2.339 2.4
No. of Words greater than 5 chars: 63 100
No. of Words greater than 6 chars: 43 80
No. of Words greater than 7 chars: 24 40
No. of Words greater than 8 chars: 11 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 14.714 21.0
Sentence Length SD: 4.043 7.5
Use of Discourse Markers (%): 0.5 0.12
Sentence-Text Coherence: 0.304 0.35
Sentence-Para Coherence: 0.537 0.50
Sentence-Sentence Coherence: 0.046 0.07
Number of Paragraphs: 4 5