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Positive And Negative

Band 5+: Today, many people use the internet and smartphones to transfer money to friends, family, and businesses. Is this a positive or negative development?

Note: Both the topic and the essay were created by one of our users.

Nowadays a large number of people utilize online applications to transfer money to friends, family and various businesses.I believe that this is a totally positive development because this method is time-saving and convenient for everyone.

In today’s world people who have limited timetable because of their works want to save their time from unnecessary things.So,using online transfers might be helpful for them. Because if they want to make a transfer in a standard method have to go to the bank,join a long queue and complete unnecessary documents.However, by using online transactions users can transfer sums to multiple parties,monitor their transactions and keep their own record with ease. The time saved is a big element for individuals and businesses.For example,many people prefer using the internet and iPhones for transferring money to their relatives and businesses over the last 5 years.

Furthermore , online transaction services are convenient to a number of individuals.As nowadays it is not a good idea to bring a great amount of cash in street to the bank, people may face to face different street robberies.For avoiding such situation,anyone can use their smartphones and certain apps to exchange money without any worries.Also,by using online services people who live in rural areas where do not locate branch of local banks can send their money for their children who study in foreign countries.

In conclusion, transferring money through the Internet is a clearly beneficial technological advancement,involving saved time and convenience.

Word Count: 240

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