With the rise in technology, the form of
the place of
as coins and bills. There are both positive and negative impacts of
To embark with, the main advantages of using bank cards
are convenience and security. People can make transactions and transfers quickly and with ease. There is no need to carry
coins for any purchase which is preferable for both buyer and seller.
, to buy expensive
card is much convenient for customers.
, Using electronic
of individuals. They are less likely to be robbed or attacked
thieves for the sake of
. People can travel with as much
they want without the fear of getting lost. Overall, with the introduction of bank cards, both sellers and consumers feel much
of aforementioned pros, there are many negative
of using electronic
. The main disadvantage of eradicating
is the rise in scams and false phone calls. Many organizations are working to fool people via phone or email to steal their
online. Scammers access the bank accounts of people by
them and take out all of their
critical downside electronic
has brought is the accessibility for uneducated people. They are not able to deal with new forms of
repels them from adapting
change. As per recent studies, the older age groups prefer
. So giving away the
completely is not welcomed by everyone.
To conclude, not only electronic
has pros, but
it is not able to conquer all people. There are still some age groups who are not confident to adapt it.
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