It's still early for cashless world

We are living in an advanced world, and we acknowledge our world as a digital world. Because we have advanced technologies, it’s making our life much easier and more comfortable. We are becoming technology dependent, and we use technology almost in ever cases. It’s the same with the money also.in the past, we used to use cash money but now we have digital money or currency. Now it’s possible to make online transactions without any physical exchange of physical currency. What do you think about physical currency or online currency? Which one is best?

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We are indeed living in the digital world, and we can make online transactions but still we are using the cash money for buying goods and services. Old people don’t understand how to make online transactions, and they feel it’s difficult to understand the system of online transactions. So, they prefer cash money. But when it’s about a large transaction it’s not wise to do the cash transaction because in such a case we don’t get any document as proof of the transaction unless we make additional documents for it. Again, carrying huge amounts of cash is kind of risky and it can be stolen anytime.

When it comes to online transactions it’s quite smooth and fast. We don’t need to carry money with us in such a case as we keep our smartphone with us all the time. But our device needs to be connected with internet for the online transaction and it’s indeed troublesome if we don’t have internet date pack. Again, many times we face connectivity issues and at such a time trying to buy something is impossible and we need to wait till restore the internet connection unless we have cash money. In case of large transactions, the transaction itself is a proof of it and it’s one kind of advantage.

There is no way to snatch money directly but if anyone hacks our device, they can steal all of our assets there and it’s also risk and, in this case, we can’t even understand who or how to steal our money. Many times, we make mistakes and sometimes we send large amounts like adding an additional zero in transaction by mistake is not surprising and the other party can refuse to return it or get disconnected and hide somewhere else. It’s a mistake of ours but getting returns the money is not so easy which would be easy in cash transaction.

I don’t want to discuss too much about it because both cash money and digital money have its own advantages but I prefer online transactions or digital currency because I feel it’s somewhat better of it offer us more advantages compared to he cash currency but I can’t expect a cashless world unless every people understand the security system and the risk of the digital currency. For the present it will be foolishness to expect a cashless world but, in the future, maybe 20 years later it will be possible but before that there are many things that need to be ensured.