In this contemporary society, the way in which people send the money has changed due to development in technology. People rely on the internet applications and smartphones to transfer money to their friends, relatives and businesses. In this essay, I will present whether this trend is positive or negative development.
On the one hand, there are many benefits of trasferring money online. One of the possible advantage is that it can save the time and energy when sending money. Because the up-to-date technologies help the process of sending money faster and can operate on its own, people can receive the money in short period with a click of button. For example, a few decades ago, before the rise of technology devices, individual had to go through various processes to get money such as going to bank, waiting in line and filling out the form. When the technological development arrives, people can obtain the money without experiencing this processes, with being helped by technological devices.
On the other hand, despite the advantages, the major disadvantages should not be ignored. Peolpe have to be careful about their secret code numbers and not to share with others. They can geg cheated and not receive the money if someone knows their code numbers. As a result, people need to ensure their code numbers secure and safe. For instance, the most common problem in my homecountry when tranferring money online is people do not obtain the money as someone heck their code numbers and the money is received by ghe hecker.
In conclusion, there are many benefits and drawbacks associated with sending moneny online. Considering the advantages and disadvantage throughly, it can be said that this trend is positive development as it reduce the required time and energy with the help of technological devices and it can give a sense of comfort.