: 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?

With the technological advancements in the banking system, nowadays people are presented with numerous ways of paying for purchases. It is often said that electronically operated banking cards will displace the use of
paper
money
and coins.
However
, I don’t believe that modern payment methods will take over completely from traditional banknotes and coins. There are various advantages of modern monetary
exchange
.
Firstly
, it is now increasingly common for people to shop online where they cannot use
paper
money
and coins to pay.
Thus
, people eventually embrace the modern method of payment to be able to participate in online commerce.
Secondly
, the security features of credit cards and online method of monetary
exchange
give authorities the capability of tracing the use of the cards.
However
, if the person carrying
money
is robbed
then
it is difficult to find out where the stolen
money
is used.
Furthermore
, the safety features of modern monetary
exchange
will be invaluable for people who want to keep their hard-earned
money
safe. Even though electronic cards have brought tremendous comforts and convenience to people, these cannot entirely replace the traditional
money
exchange
.
Paper
money
and metal coins have long been used as a medium of
exchange
and a standard of value in almost all societies.
Thus
, the traditional monetary system has a cultural, historical and social background which
are
Suggestion
is
impossible to change. Internet banking is not always fully secured. There is ample evidence of computer viruses, hackers and crimes. Humans have developed a certain emotional bonding with
paper
money
and coins. Coin collectors,
for example
, will inevitably get hurt
after entire
Suggestion
after an entire
replacement of traditional
money
and coins. In conclusion, the modern monetary
exchange
has certainly benefited people by bringing convenience and avoiding certain problems from using
paper
money
and coins.
Submitted by officiallovely49290 on

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