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Evaluating the Pros and Cons of Cashless Society

If you think cashless society is an impossible dream, you cannot be more wrong. Modern society is already on the path of cashless dealings, and for the records letu2019s say Covid-19 situations have accelerated the pace more than ever. What exactly is a cashless society? <br>

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Evaluating the Pros and Cons of Cashless Society

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  1. Evaluating the Pros and Cons of Cashless Society

  2. INTRODUCTION

  3. Naps incorporate rest into your day accelerated the pace more than ever. What exactly is a cashless society? If you think cashless society is an impossible dream, you cannot be more wrong. Modern society is already on the path of cashless dealings, and for the records let’s say Covid-19 situations have Well, “cash-less” the term is self-explanatory denoting a society Even short naps can boost performance where there would be no direct exchange of money or physical cash transactions, but only online money transfers through digital devices like mobile phones, computers and tablets. Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  4. Naps incorporate rest into your day Physical cash payments are very slow. For instance, think of a supermarket counter where the cashier needs to receive money from the customer, count the amount, give balance to tally the bill amount etc. that would enlarge the queue further long. At the same time, cashless online payments are easy and quick, as the customers can pay the exact amount digitally, saving time and effort. Pros/Merits of Cashless Society Quick Transactions Even short naps can boost performance Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  5. Naps incorporate rest into your day The cash counters of small business are the common target of robbers who would threaten the cashier and employees to give their hard-earned money. Whereas, when the businesses switch to online they have nothing to worry about. Again if the society is moving towards a cashless stream there is no need to carry money around, which will again stop purse-snatching scenario commonly reported around the world. Lower Crime Rates Even short naps can boost performance Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  6. Naps incorporate rest into your day Record for all Transactions All kinds of online transactions have trails or records, so when society becomes cashless the black money, illegal gambling, money laundering, evasion of income taxes etc. will eventually stop as there will be a record for every single of your payments. Even short naps can boost performance Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  7. Naps incorporate rest into your day Easier for International Money Transfers When you send money online to foreign countries, upon travelling or to family members, you don’t have to worry about the exchange rates to the local currency. Your trusted international money Even short naps can boost performance transfer agency take care of everything for your ease and comfort. Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  8. Naps incorporate rest into your day Technological Errors Can Affect Your Payments Cons/Demerits of Cashless Society We all have faced the situation where we stand in a long queue, reach the cash counter, yet cannot make the payment, even though you Even short naps can boost performance have money in the account, due to technical errors like bank not responding or lack of proper internet connection. Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  9. Naps incorporate rest into your day Overhead Fee Charges Certain banks and businesses charge extra fees for digital transactions, which are often hidden from the scene. Most probably these transaction fees won’t even get noticed by us, due to the Even short naps can boost performance smaller amounts, but piled up together they can be huge. Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  10. Naps incorporate rest into your day Older Generation Would Face Hardship Every country has older generations, who are yet unaware or haven’t used any of modern technologies or have a bank account. Introduction of a completely cashless society is harsh on them as Even short naps can boost performance it will affect their whole lifestyle being too late to understand and use gadgets. Well-rested individuals get more out of life in the long run Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more. Presentations are communication tools that can be used as demonstrations, lectures, speeches, reports, and more.

  11. CONCLUSION

  12. Currently, many of the advanced countries have the proper infrastructure to move towards a cashless society, which is not the situation in developing countries. This digital revolution of economic world to send money online is surely on the table, yet not entirely accomplished in any countries. Reports have shown that Sweden, China and the United Kingdom are the closest in establishing cashless societies, respectively. HOW IT WORKS Get nap alerts when energy levels drop, and be woken at the right time to feel refreshed

  13. THANK YOU

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