Ayuba Ernest
Banned
There are pros and cons to a cashless economy. On one hand, going cashless would mean that everyone would have access to financial services and no one would be left out of the economy. Plus, it would be easier for the government to track economic activity and prevent crime.
On the other hand, going cashless could mean a loss of privacy, as well as a loss of jobs in the financial sector. Cash is also important for certain transactions, like buying a house or car, that might not be possible without it. Another downside to going cashless is that it could make it easier for the government to control the economy. Finally, some people may not have access to the technology needed to go cashless.
On the other hand, going cashless could mean a loss of privacy, as well as a loss of jobs in the financial sector. Cash is also important for certain transactions, like buying a house or car, that might not be possible without it. Another downside to going cashless is that it could make it easier for the government to control the economy. Finally, some people may not have access to the technology needed to go cashless.