NBC News did an article about fifteen technologies that we will improve upon/use by 2030. For more information on these fifteen technologies, visit the
NBC News Link. The main 'technology' that we will focus on is cash. Cash? That is right, cash is listed as one of the fifteen technologies in the article.
The reason that cash is on the list is more so of the technology we use as cash, such as credit and debit cards. By 2030, though, some people believe that we will no longer have credit or debit cards, but use "mobile payment systems" instead. However, the old fashioned paper money, will still be used. Do you agree that fifteen years from now paper money will still be used? What about fifty years?
Cash also has a safety feature that no technology can match and that is security. It keeps your life private and prevents identity theft. Can you think of any negatives of keeping cash versus going all in on technology?
Essentially this article was saying that no matter the technology, the paper money we have used for years is timeless. Do you agree?
I would agree--why fix something that isn't broken? I know that our cash money isn't back up well, but what about this technology, will it not be backed by the same? I also think it is almost a bad idea. What about the older generation--how will they adapt to the new technology?!
ReplyDeleteI personally like to use my debit and credit card because I feel like when I have cash, it feels worthless to me because it is so easy to spend. Whereas, my debit card, I have a mobile app in which I can monitor my spending and maintain a budget through that. It honestly depends on the person whether they prefer to use cash or card. But, there is a possibility of identity theft and I think you just have to be smart about it and make sure to monitor your bank accounts closely.
ReplyDeleteYea i believe that fifteenth years from now we would still be using paper cash to purchase items. However i don't think fifty years from now we will still be using paper. Maybe a from for card.
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DeleteI agree with this. I personally love using cash because it makes me aware of how much I am spending. When I swipe my card, I do so without thinking and that is very dangerous. I also think with the popularity of Dave Ramsey and his envelope system, cash will be used for quite some time.
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