In recent years, the increasing reliance on digital payments has led to decline in the use of cash. In this essay we will discuss the main problems of this and try to think of the possible solutions.
One of the main problems in decrease of using cash is one of the most obvious problems, and it is older people who are not very pleased about everything being on-line, because they are not technically aware enough, like the younger generations which basically grew up with smartphones, computers, etc. Another problem can definetely be about cybersecurity, with increasing number of transactions there will also be rise in cyber attacks, which is something unavoidable when it happens.
To overcome these challenges, governments and institutions should invest into free technical lessons for people who are technically not skilled enough. This solution would teach people not only how to use digital payment methods but also would teach them how to recognize that they have been cyber attacked and what to do after it happens. It is very important to be technically aware because high technologies are only going forward.
In conclusion, with proper education about the topic, the increasing reliance on digital payments would start to have more advantages than disadvantages for people because they would be skilled enough to understand it. It is very common that people are scared or decline the usage of something they do not understand.