There is no escaping our evolution into a cashless society. The idea that all trades can be completed digitally is becoming more realistic day by day. As it is, people increasingly demand low-touch or contactless payments with growing concerns over the spread of viruses and diseases. A cashless society would give rise to a new era for financial deals. The key benefits would include lower crime rates, easier foreign transactions(交易）, and reduced risks and costs. The idea of a cashless society appears very common in our society.
Economic inequality and inclusivity（包容性） are fundamental issues still present worldwide. The unbanked（无银行账户） and poor could face significant challenges with digital modes of payment. In fact, most of the unbanked view the cashless movement as an unfair act against those without bank accounts.
For a cashless society, there needs to be an understanding and acceptance by governments and payment providers of the financial inclusion issues currently in existence. There are also the elderly and the disabled who face their own challenges with rapid digitalization and technological advancement. There are still parts of society that lack trust in digital payments or have barriers to accessing（接入） mobile phones and the Internet.
It is also about to launch a national digital currency（货币）, the world's first. Nearly everything can be transacted （处理） by digital means here. As we prepare for the consequence of COVID-19, and use the model set（模式） by China, other countries need to take it upon themselves to provide a harmonious, effective, and cashless society— one that does not leave anyone behind.
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A. However, this is far from reality. B. Several countries have entered cashless society. C. A cashless society might actually worsen these problems. D. COVID-19 has sped up the move away from physical cash. E. In China, four out of every five payments are now cashless. F. It isn't just the unbanked who are at risk of being left behind. G. So financial inclusion needs to be the core value in a cashless society. |
