TOZZIBLINKZ
VIP Contributor
When an individual is considered to be cash-less it doesn't mean that the individual is broke or bankrupt , instead in a more financial and banking term , the world cashless simply means that an individual does not have physical cash but rather he has in possession the use of his or her ATM card so as to be able to withdraw money from the ATM machine or from a POS stand whenever and wherever . In Nigeria the position of the ATM card was introduced in the year 2015 and since then majority of people have known that it is better to use an ATM card than to carry a huge amount of money in your pocket walking about thereby putting yourself in a more vulnerable state to be noticed by crime indulgence and also making yourself more likely to spend .
Tt is absolutely true that the use of the ATM card can reduce your urge to spend money , this is because you do not have a physical hold of the money . According to a research and feasibility study conducted in the United States back in the year 2016 , in which majority of people were tested and after the hypothesis was being carried out , the main interpretation was that majority of people are more likely to spend when they have in possession physical cash but they are likely not to spend that much if they are using the ATM card for daily transactions and military activities .
Tt is absolutely true that the use of the ATM card can reduce your urge to spend money , this is because you do not have a physical hold of the money . According to a research and feasibility study conducted in the United States back in the year 2016 , in which majority of people were tested and after the hypothesis was being carried out , the main interpretation was that majority of people are more likely to spend when they have in possession physical cash but they are likely not to spend that much if they are using the ATM card for daily transactions and military activities .