Greetings to you all!
Welcome to my prompt today on hl-w227e2.
Money is anything that can be used in exchange for goods and services. It is used both online and offline for buying goods and services.
There are several advantages in having money in cash and not really online because sometimes having money online and not cash can lead to so many things which includes:
When buying something most especially from people that are not exposed to transfer of money , people who don't know that you can buy from them by transferring them money in exchange of goods and services, most especially the elderly people and some of the people are used to online services.
Having money cash makes you buy things easily and there will not be network challenges that might hinder transactions because the money will be physically ready.
That is to say that the money is always readily available.
But one disadvantage of having money cash is that it leads to spending more than expected because since the money is available with you,you might spend more than you have budgeted .
It causes lots of expenses thereby reducing or discouraging savings .
Another risk of having money in cash is the risk of lost or criminal attack.
Many people have lost their lives and money because of this . Many people have being killed today because of having attack from criminals because of having cash at hand .( Availability of cash attracts many things).
There are still advantages for transactions online and not offline :
Money in an account without being in cash is a very good advantage to save money thereby controlling your spending .
It is faster though not easier for everyone but for some people.
It is safe and reduces much risk of criminal attack. It reduces the risk of financial exposure.
It's challenge it's mainly network. A place that doesn't have network might lead to many things like making double transactions in replace of one and so many other things.
These two method of transaction are really good and have it's different benefits. But government considering one and leaving the other will really affect the other but to me i will prefer the two to be there ,it is true that we are advancing in technology but there are still people who prefers one to the other so making one a mandatory will affect some people.
But if i should choose i will like the government to leave the cash and forget about the digital trading because everyone can really go by cash but not everyone can do with the digital method of trading.
Buying and selling is one that has to do with this two method depending on the type of transaction and also the area of exchange of goods and services.
Like in the local market it involves physical cash but in the international market digital method is the best and will keep being the best.
Thank you for stopping and reading my blog today i really appreciate it.
