30 January: IELTS Writing Task 2 Topic – Online currencies have become more common in recent years.

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Online currencies have become more common in recent years.

Q – Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

Ans- Using paperless money is a need in everyone’s life, whether or not it is commonly seen to be advantageous. It is beneficial since it is only safe to use, but is also a time-saving benefit for humanity.

To start with, there are many benefits to using electronic money. It is safer to use than paper money, which is the main advantage. This is because carrying currency about puts people’s entire development at risk even though it is the safest form of payment. Consider India in the present times as an example, where the majority of the population uses paperless money rather than cash or coins since it is the safest method of transaction, so the majority may easily transfer funds from one area to another. As a result, it is a positive development that significantly enhances human life.

Additionally, saving time is another benefit of using electronic money. In other words, when people give money to someone else, it takes a very long time; but, in modern times, people can swiftly transfer money globally in only a few seconds. In addition, it provides sizeable refunds so that customers can make money with paperless finances. Because of their busy schedules, for example, everyone loves to send money to their dear ones via online payment getaways such as PayTM or Google Pay these days. As a result, it benefits the advancement of the nation’s population by saving time.

After all, is said and done, it is the safest method of transaction even though it merely requires an internet connection to function.

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