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CONCEPT OF CASHLESS SOCIETY
Today this world is heading towards industrialization, privatization, and globalization and the only thing which plays an important role is strong capital. Globally the most dominant currency is GREEN BAG ($dollar) & everyone is headstrong to grab this.
Nowadays money is everything - name, fame, power, desire, health, and wealth. Let us halt here for a second and use our divine senses. Is that money really important for us to become a good soul???? With little stress on grey cells, we find that thousands of years ago our ancestors did not use cash at all because their basic requirement was only food and shelter.
Because of the cash, man becomes greedy, selfish, defiant, stubborn, and notorious and he demolishes his actual purpose in life.
As man is a social animal so he has lots of responsibility towards society to make it free from evils like crime, casteism, racism, discrimination, exploitation of women, etc. So think about a society in which no one has cash (liquid asset) and survival is based on talent, efficiency, analytical ability, and knowledge.
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YES......instead of cash, men and women exchange services to fulfill their requirements.
The cashless society has multiple advantages such as reduced crime (no physical money in banks), increased competition purely based on skills, labour, and talent, convenience in payment between friends, and most importantly increase social interaction.
For this, we can have access to money via credit cards and mobile transactions and by using disruptive technology. Disruptive technology is the phenomenon occurring when two or more separate technologies converge unexpectedly into a new type of technology.
If no physical money existed, the social interaction would probably be different too.
Cashless Society. (2016, Mar 10). Retrieved from https://studymoose.com/cashless-society-essay
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