Paragraph 1: Introduction
Paper money has been used for centuries as a means of payment in transactions but with the advancement in technology coupled with the desire for convenience and security, it has become essential to reconsider the continued use of paper money. While the convenience of paper money is undeniable, its flaws can no longer be overlooked. Therefore, it is important for us to explore the reasons why we should get rid of paper money and embrace the possibilities of a cashless society.
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One of the main reasons why paper money should be phased out is the risk of theft and loss. Carrying a significant amount of cash puts individuals at risk of falling prey to criminals. In addition, if money is lost, it is often impossible to recover. Not only does this create financial losses for individuals, but it also impacts the economy negatively. By transitioning to cashless transactions, individuals can avoid the risk of theft and loss, and the economy can be more secure.
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Another reason why we should do away with paper money is its effect on the environment. Paper money is typically made from cotton and linen, which requires deforestation and water usage, ultimately contributing to environmental degradation. Additionally, it is estimated that about nine billion tons of paper waste is generated from banknote production, with roughly 26 thousand trees being cut down daily. Moving towards digital transactions instead of paper money can reduce environmental degradation and promote sustainability.
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Finally, the use of paper money is also a hassle for people with disabilities and the elderly. People with visual or motor impairments often face difficulties distinguishing between differing currency denominations and processing transactions. This can be frustrating and time-consuming. Digital transactions are more accessible, and various technologies such as voice-assistants and QR codes have made transactions easier and simpler.
In conclusion, while the convenience of paper money cannot be overlooked, it is time to weigh its benefits versus its limitations. A cashless society would enhance safety, sustainability, accessibility and promote economic growth. It is therefore essential that we begin to embrace cashless transactions.
Helppp with this please!! I already have the introduction.
Language Arts - Paper Money Portfolio
Topic: Why should we get rid of paper money?
Paragraph 1: Introduction
Paragraph 2: Body Paragraphs (Minimum 3)
3 answers
Thanks so much. I needed help starting it, and you just gave me an idea.
You're welcome. I'm glad I could help. If you need any further assistance, feel free to ask.
46 answers