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Part 3

Band 6+: What are the potential benefits and drawbacks of a cashless society?

Note: Both the topic and the answer were submitted by one of our users.
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Polished transcript:
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Everything has its good and bad aspects, so turning into a completely cashless society has its own drawbacks and benefits as well. Going cashless could reduce the danger of being robbed, as people could no longer take away your money. However, a drawback would be that sometimes you need urgent cash, and if you can't get it or borrow it from your neighbor in a cashless society, you might get in trouble. Otherwise, it has benefits over drawbacks.
Actual audio transcript (What native speakers are likely to hear):

everything has its good and bad aspects so turning into completely casteless society has its own drawbacks and benefits as well so turning casteless because that reduce the danger of being theft or robbed as people could rob you and take away your money and its drawbacks would be sometimes you need urgent money and when you don’t get cash or you can’t borrow it from your neighborhood since it’s a cashless society somewhere you might get in trouble otherwise it has benefits over drawbacks

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Speaking Time: 31 seconds

Answers On The Same Topic:

What are the potential benefits and drawbacks of a cashless society?

As I’ve approached a world of increasing globalization and modernization, we can see a digital way to spread in so many kinds of pie-making systems, digital pie-making, and this plays a significant role in creating so many kinds of convenience to people, lifestyles, and it’s a lot more important. and this can have several benefits […]

What are the potential benefits and drawbacks of a cashless society?

So nowadays people they are bringing their phone belongs to them and there’s the one of the potential benefits of the cashless society I would say a mobile phone can do much more things than using cash We can have the Apple Pay to help us pay the bills. Also we can use the phone […]

What are the potential benefits and drawbacks of a cashless society?

Talking about the potential consequences, there are both advantages and disadvantages of the cash class society on the financial privacy and security. To begin with, the first and foremost advantage is that people don’t have to carry cash in their pockets pockets when they have to go somewhere so nobody can steal the cash as […]

What are the potential benefits and drawbacks of a cashless society?

That is a great question for the society. Cashless society has taken some of the benefit, but cashless society gives us how can we reach on the struggling moment from our life of forgetting some of the money. Besides, the behavioral thing is most important. If without money a society person can’t go the bare […]

What are the potential benefits and drawbacks of a cashless society?

One of the major drawbacks that I have witnessed myself is that people have forgotten how to do basic mathematics. They can no longer do subtraction and addition when it comes to money because we all have become so dependent on using the online credit cards. The value of physical cash is going down the […]

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