Question

the Boon and Bane of digital services​

Answer 1

Explanation:

Authorities around the world have moved to encourage the use of digital payments in response to Covid-19.

Some of these measures facilitate the use of digital payments during lockdown, while others provide longer-term support for fintech players and financial innovation more broadly.

For emerging market and developing economies, the measures respond to the unexpected opportunity to further promote financial inclusion objectives through the use of technology.

To increase their effect, these moves should include measures to combat financial crime and protect consumers.

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Nana Yaa Boakye-Adjei

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Answer 2

the Boon and Bane of digital services:----

Technology is a boon as long as it is our slave. It's when we let it become a master, that it becomes a bane. Mind you on it's own, technology can never be your master. ... When you say technology is dominating your life, in a sense you are allowing it to do so.

“Is Technology a boon or a bane?” not an easy question to answer. It is a topic with lots of complexities, which are beyond the scope of this review. The fact is technology has contributed to significant improvements in areas of medicine, communication, travel, human living, education. It has also contributed to global warming, nuclear stockpiles, mechanization of human life.

So is technology good or evil? Let us take a very simple example of a matchstick. One can use it to light a lamp or light a fire for cooking. It can also be used to light a fire that burns some one’s home down or a newly wide bride who has not bought in enough dowry to satisfy her in law’s endless greed. The matchstick by itself is just a harmless object. In the hands of a mother lighting the lamp or the cooking fire, it becomes beneficial. The same matchstick in the hands of a small careless child, could prove to be fatal. And when it becomes a tool for the person to burn down a home, or a newly wedded bride, it becomes a tool to kill and destroy.

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