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  • Benefits of A Cashless Society

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    Nur Izzati Nordin
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    A cashless society would have several benefits: 1) It would lower crime rates as there would be no tangible cash for criminals to steal and fewer attacks on cashiers, drivers, and shoppers. 2) It would ease daily life and transactions as credit cards can be used conveniently for many purchases instead of needing exact cash amounts. 3) It would help reduce tax evasion and national debt as all transactions would be electronic and tracked.

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    Benefits of a Cashless Society

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    A cashless society would have several benefits: 1) It would lower crime rates as there would be no tangible cash for criminals to steal and fewer attacks on cashiers, drivers, and shoppers. 2) It would ease daily life and transactions as credit cards can be used conveniently for many purchases instead of needing exact cash amounts. 3) It would help reduce tax evasion and national debt as all transactions would be electronic and tracked.

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    21 views1 page

    Benefits of A Cashless Society

    Uploaded by

    Nur Izzati Nordin
    A cashless society would have several benefits: 1) It would lower crime rates as there would be no tangible cash for criminals to steal and fewer attacks on cashiers, drivers, and shoppers. 2) It would ease daily life and transactions as credit cards can be used conveniently for many purchases instead of needing exact cash amounts. 3) It would help reduce tax evasion and national debt as all transactions would be electronic and tracked.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    lower crime rates

    easier currency exchange while travelling abroad


    - no tangible money for criminals to steal
    - no need to figure out currency exchange rates as - decrease attack on cashiers, storekeeper, taxi drivers and shopper
    technology assists you in more ways than one - decrease in a crimes rate
    - use credit card to pay something - no more reasons for society to worry about these crime
    - drug trafficking will also cease to occur since anomalous
    transactions will be detected electronically

    Ease our daily life


    BENEFITS
    tax evasion are reduced - Cashless system is convenience
    OF A
    - Convenient when doing transactions in banks,
    - The government will no longer have to spend CASHLESS
    restaurants, hospitals, airlines, shopping malls,
    much money in tracking down tax evaders SOCIETY supermarkets and even vending machines
    - Income tax can be lowered as a result and the
    - Instead of having a hard time to finding the exact
    national debt will be greatly reduced
    amount of coins or cash, a person can just insert
    this piece of plastic card through the slot

    No need to carry bulky wallets all the time

    - Smartphone cases available, which have a card pocket made in them so they can keep
    their credit card inside
    - carrying cards is safer because even if people lose them, they can promptly intimate
    their Bank to cancel their card on the spot
    - But, if they have cash in their wallet, and they lose it, they can never get the money
    back

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