Greetings everyone!
Technology has been upgraded everyone are using the online transactions via upi, bank and many more other sources. Now the actual question is that, should cash been stop using by the people and they should only use online money or whatever is going should be like that. From my point of view cash is very very important for everyone, because online money is not physical you can only see it in digital numbers. And cash is physical which you can use it anywhere anytime without facing any issue. Both are important at their places.
But cash is way more important then online let me help you understand more in detail about the cash and online. Well everyone of us have bank account and even a single money comes or goes out from that bank it's been in to that statement so government might have all the entries about you and your money details from where you are earning to where you are spending. It shows all your income and expenses. And for online transactions we need the mobile data to transfer from one bank to another. So places like north or somewhere data is not available can lead you in danger.
And more important if you don't have cash at that moment then you cannot do anything, how would you do the payment and even it's also about the batter health of the phone. And if you have cash you can use it anywhere in any corner of the world very easily. When you use cash there is no way to find for anyone that how much did you use or where did you use how it come how it goes. This is the best advantage of cash. As my family have a business so I know the importance of that money.
As business is been also done in black many people are doing the tax evasion and even my family too, so we use the cash way more then online because we need to show the details of where money comes and where it goes which lead to pay the tax. It's really the smart move for the business owner to run from the tax. As everyone wants to save money who wants to pay the tax. For us cash is very important so we can also work in black without showing to the government.
Cash is necessary for everyone it's not only about the tax evasion or even as a business owner. But for the uses in the place where you get stuck with no connection or low battery in phone can lead you to some problem. Cash is such kind of way that you can use it anywhere. And even if talk about the safety even in digital money is not safe as there are many hackers around the world who takes the money by some otp, and even cash can get stolen. So there is no safety it depends on you whom you prioritize to use.
All the content is mine.
Picture is been taken from my pixabay (free version).
