Is cashless economy good or bad?
ʜᴜᴍᴇ ᴋɪᴄʜɪɴᴇ ᴘᴇʜᴄʜᴀɴᴀ..
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Answered by
6
Answer:
Yes
- Reduction in cost: the cost of printing and circulating money into the economy is cut down.
- More transparency: since most e-wallets and digital payments require KYC, and this helps the RBI to track transactions.
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15
ʜʟᴏ ᴋᴀʜᴀ ʜᴀɪ xᴅ??
ᴄᴜʟᴛᴜʀᴀʟ ᴛʀᴀɪᴛs ᴀʀᴇ ᴛʜᴇ sɪɴɢʟᴇ ᴇʟᴇᴍᴇɴᴛs ᴏʀ sᴍᴀʟʟᴇsᴛ ᴜɴɪᴛs ᴏғ ᴀ ᴄᴜʟᴛᴜʀᴇ. ᴛʜᴇʏ ᴀʀᴇ “ᴜɴɪᴛs ᴏғ ᴏʙsᴇʀᴠᴀᴛɪᴏɴ” ᴡʜɪᴄʜ ᴡʜᴇɴ ᴘᴜᴛ ᴛᴏɢᴇᴛʜᴇʀ ᴄᴏɴsᴛɪᴛᴜᴛᴇ ᴄᴜʟᴛᴜʀᴇ. ... ᴀᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ʜᴏᴇʙᴇʟ, “ᴄᴜʟᴛᴜʀᴀʟ ᴄᴏᴍᴘʟᴇxᴇs ᴀʀᴇ ɴᴏᴛʜɪɴɢ ʙᴜᴛ ʟᴀʀɢᴇʀ ᴄʟᴜsᴛᴇʀs ᴏғ ᴛʀᴀɪᴛs ᴏʀɢᴀɴɪᴢᴇᴅ ᴀʙᴏᴜᴛ sᴏᴍᴇ ɴᴜᴄʟᴇᴀʀ ᴘᴏɪɴᴛ ᴏғ ʀᴇғᴇʀᴇɴᴄᴇ”.
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