Tuesday, January 29, 2019

Cashless Society Essay

CONCEPT OF CASHLESS SOCIETYToday this world is heading towards industrialization, privatization and globalisation and the only thing which plays an important role is strong capital. Globally the to the highest degree dominant currency is GREEN BAG ($dollar) & everyone is headstrong to catch up with this.Now a days cash is everything name, fame, power, desire, health and wealth. Let us halt here for a second and use our divine senses. Is that funds really important for us to become a good nous???? With little stress on grey cells we find that thousands of year past our ancestors did not use cash at all because their basic fatality was only food and shelter. Because of the cash, man becomes greedy, selfish,defiant,stubborn and notorious and he demolished his real(a) purpose of life.As man is a social animal so he has lots of responsibility towards society to make it free from evils the likes of crime, cast ism, racism, discrimination,women exploitation etc. So t hink about a society in which no one has a cash(liquid asset) and the survival is ground on talent ,efficiency ,analytical ability and knowledge. YESinstead of cash ,man exchange service to fulfill their requirement.The cashless society has multiple advantage such as decreased crime(no physical specie in banks), increased competition purely base on skills ,labour and talent , convenience in payment between friends and approximately  importantly increase social interaction. For this we can have access to money via credit cards and mobile transactions and by using churning technology. A disruptive technology is the phenomenon occurring when two or more come apart technologies converges unexpectedly to a new type of technology. If no physical money existed ,the social interaction would probably be different too.

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