A Cashless Society - Draft
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A Cashless society
A “Cashless society” is a society in which people do no use bank notes or coin to pay for their transactions
Instead, they use credit cards, EPS, autopay, cheque etc instead of money.
Advantages of a Cashless society 1) There is no need to carry cash and coin 2) When travelling, there is no need to look for and hold different foreign currency 3) There is no contact with fake currency 4) There is less chance of robbery 5) You pay the exact value of your goods, rather than a rounded up or down value
DisAdvantages of a Cashless society 1. 1) Too easy to make purchases because of a lower sense of the value of money 2. 2) Whilst actual robbery may be less, but computer crime increases 3. 3) Very easy to loose a card
A “Cashless society” is a society in which people do no use bank notes or coin to pay for their transactions
Instead, they use credit cards, EPS, autopay, cheque etc instead of money.
Advantages of a Cashless society 1) There is no need to carry cash and coin 2) When travelling, there is no need to look for and hold different foreign currency 3) There is no contact with fake currency 4) There is less chance of robbery 5) You pay the exact value of your goods, rather than a rounded up or down value
DisAdvantages of a Cashless society 1. 1) Too easy to make purchases because of a lower sense of the value of money 2. 2) Whilst actual robbery may be less, but computer crime increases 3. 3) Very easy to loose a card
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