What do you think will happen if a certain country would go cashless? Just e-wallets, debit, credit cards and the like. What are the advantage and disadvantages? Let me know you thoughts about this mine I'll share mine also!
Advantages based on my opinion:
-There is a possibility that it could lessen the crime since there would be no tangible paper money. Thus, it could protect our money from stealing. We all know that a bulk of cash is eye catching and could attract snatchers that could harm us. Therefore, it is more safer if our society would be cashless
- Another thing is that, it could save us time in managing and depositing money because for example, there are times that when we handle a large amount of cash we think that we should go to the bank and keep it there. Therefore, in a cashless society, things would become more easier and convenient.
Disadvantages based on my opinion:
-In opposing to cashless society, first,it may seem that it could lessen the crime since it could minimize the stealing of tangible money but we might not be sure if there would be more hackers that could access our private information since in a cashless society we are leaning towards on becoming more technological. Second, in spending small amounts is it really practical to use cards or electronic devices. For example, going nearby and bringing your phone just to purchase a one peso candy. Another thing is that, yes it could also seen that it may save us time from depositing tangible money especially when large amount and going to the bank but in a cashless society, what if we are in an urgent case,we need a money as soon as possible and technological error happened. Does it really saves time? I don't think so.