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One of the disadvantages of cashless society is privacy. In our society today, privacy is a primary concerns. People prefer to made purchase with cash rather than having their identity recorded somewhere. According to Brown, he said “People value their ability to make some of their purchases using their cash, with absolutely no record, electronic log, or audit trail of those transactions, as a way to safeguard their privacy.” That I have found to be true. In most African communities, hardly will you see somebody giving out his or her identity because there is a fear that the person might use such information in getting something illegally (Arbeau, 2009). I am not trying to paint African as bad people but rather make a point which I have noticed although it might be happening in other places which I cannot say
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We all want freedom to do whatever we wish to without having someone taking stock of what we do on daily basis (Arbeau, 2009).
Having seen some of the pros and cons of a society without cash at hand, I can confidently say that it would be healthier if the whole world could become a cashless society. I boldly and frankly said that because it will facilitate in expunging high rate of arm robbery, money laundering and black market. Furthermore, transactions can be made immediately and swiftly without having to stress oneself. Cost of travelling to other country to buy goods is reduced to the minimum possible level given that the goods can be order and pay for online.
Using smart card and fingerprint in making transactions would be so nice. I will honestly make myself available to use either smart card or fingerprint in making any purchase I made on regular bases. It is obvious that some bank managers today can effortlessly withdraw money from their client accounts simply because there is security code. Using my fingerprint would mean that only my fingerprint will be accepted each time I want to make any purchase. The one reason why this would work perfectly is that no human ever have the same fingerprint. The issue of having my account messed up would be a thing of the
We all want freedom to do whatever we wish to without having someone taking stock of what we do on daily basis (Arbeau, 2009).
Having seen some of the pros and cons of a society without cash at hand, I can confidently say that it would be healthier if the whole world could become a cashless society. I boldly and frankly said that because it will facilitate in expunging high rate of arm robbery, money laundering and black market. Furthermore, transactions can be made immediately and swiftly without having to stress oneself. Cost of travelling to other country to buy goods is reduced to the minimum possible level given that the goods can be order and pay for online.
Using smart card and fingerprint in making transactions would be so nice. I will honestly make myself available to use either smart card or fingerprint in making any purchase I made on regular bases. It is obvious that some bank managers today can effortlessly withdraw money from their client accounts simply because there is security code. Using my fingerprint would mean that only my fingerprint will be accepted each time I want to make any purchase. The one reason why this would work perfectly is that no human ever have the same fingerprint. The issue of having my account messed up would be a thing of the