The future of the world π we all know lies in digitalization, even though some certain things are still being operated physically like the paper money π° that is still in being used by many because of how important it is to still be in circulation.
And I think no country will want to entirely face of or remove their paper money despite how strong digital banking is going because physical cash which is the paper money is seen as a currency that represents a nation. Meaning, every country has a paper money that they are identified with , which also in a long run serve as a monument.
And again, many people who can not catch up on this technology era are still having serious problems when it comes to digital transactions. What this means is that many can not still handle their phone properly when it comes to buying or paying digitally. This in particular is affecting the elderly who are coming from the years of millennium and post millennium. So this is why βCashβ known as paper money π΄ will never be not be in circulation.
The market women who controls the supply of vegetables, tomatoes , food stuffs, local edibles and other daily human consumption are mostly considered when cashless environment is being decided, especially in countries that are not devolved, because this set of people holds the highest percentage of lack of awareness to digital banking and therefore needs cash to carry out their daily buying and selling which also helps to retain cash π° in circulation.
Frankly speaking, for me , I will suggest we leave spending paper money behind, seeing how the world π is going, even though underdeveloped countries will suffer this greatly. I mean, everything that has a beginning has an end, and I can tell you that this era of technology, innovation and Artificial Intelligence is moving everything faster. So we can not say because we have underdeveloped nations, things should not evolve.
Have you seen how fast digital banking is? Having you seen how safer it has become in this recent time, that you donβt need to carry money around to transact your businesses, shop online π, pay bus π fare, book your Air Ticket βοΈ, on and on. Its so amazing that am so happy to belong to this era, even though am not a jenzy. Haha.
My daughter was able to book a Flexi Bus π for her cousin in Sweden πΈπͺ from Nigeria π³π¬ here. Here cousin who travelled was supposed to catch a bus on her arrival in Sweden. And because she was inside the plane βοΈ and can not book a Flexi Bus, she texted my daughter to book it for her from Nigeria π³π¬ here. And honestly, in few minutes , it was done.
Its not even a thing to be deliberating on. We have seen it that the world π at this present time is being moved around through digital banking. Millions of money is being moved around in minutes , thanks to digital banking.
I can still remember years back , when you want travel by air βοΈ, you will visit the airport to pay π° cash and obtain your ticket π« physically. These are old stories now, thanks to digital banking. In short, your ticket is rightly forwarded to you immediately
you finished payment.
Guarantee Trust Bank π¦ recently upgraded their services, where you can use your card all around the world π. Pay you flight βοΈ, shop online, enter any supermarket any where around the world and make your purchases using GTB Card. Its so amazing that people are talking about it.
These are the benefits we get to enjoy π using digital baking, even knowing that many will be left behind. I think this generation, next generation and the unborn generations are the ones that will totally π― take over the world through digital banking π¦.
This is my response to the #hiveleaners featured content for week 227, edition 02.
Sourced images are credited