Today many people use the internet and smartphones to transfer money to friends, family and businesses. Is it a positive or negative development? The development technology, particularly smartphones and the internet, has enabled people to send money to any person or business. While there are some downsides to transferring money online, I believe that it is a change for the better.
There are some reasons why sending money online can be deemed unfavorable. First, there is a risk of online frauds. My father, for instance, has recently fallen victim to a website and lost about $200 after downloading an application on his smartphone, which was supposed to offer commission-free transfers. Second, there are accessibility issues. People living in remote places like deserts or mountains have very poor mobile connection, let alone internet access. For them, it is more convenient to send money in a traditional way.
Despite the negatives mentioned above, I believe that sending money with the help of the internet and smartphones is a positive change. The main reason why this is so is convenience it offers to users. While banks don’t work 24/7 and ATMs are placed only in specific places, online transfers can be made whenever and wherever possible. Aside from this, sending money via the internet provides instant support or help. A student studying in a foreign country, for example, can easily ask for money from friends or family members during an emergency, such as ill-health or an unfortunate accident. Due to these reasons, online transfers should be seen as progress.
To sum up, whereas online money transfers may not be accessible to all and are potentially vulnerable to scams, I feel that their convenience and speed outweigh any of the drawbacks.
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Money should be spent on creating new public buildings such as museums or town halls rather than renovating the existing ones. To what extent do you agree or disagree? It is suggested that the government invest in the construction of new public facilities, such as museums, parks, and schools, instead of reconstructing the old ones. Though there are some downsides to this suggestion, I am generally in favor of creating new public venues.
It is essential to consider some problems associated with the creation of new public buildings. The primary concern is possible environmental harm. As the construction of new buildings requires land, places of nature such as forests or parks might have to be cleared for human use. This, as a result, undermines the natural habitats of some animal and plant species. One other possible issue is loss of cultural heritage. In some instances, culturally-significant areas which are in a state of disrepair are demolished to be replaced by new structures. Although it may sound an economically viable decision, it often means removal of part of our history. These two problems raise ethical questions over the prospect of erecting/establishing new public buildings.
Despite these problems, I would rather have public funds be invested in the construction of new public facilities. Firstly, more public buildings such as schools and hospitals are needed to meet the growing demand from the public. Over the past few decades, there have been major demographic changes like rising rural migration and birth rate, and these changes necessitate investment in new public amenities to keep pace with the increasing need for public venues. Besides, renovation may prove impractical from an economic standpoint. This is because not only do old buildings require constant maintenance, but they also need to be upgraded for efficiency, which tend to be expensive. Hence, cumulative expenses associated with renovation may outweigh the cost of building new facilities in the long run, making the latter option cost-effective.
In conclusion, the construction of new buildings is not without its drawbacks, yet I believe it is more sensible to invest in it in response to the growing need for public venues such as schools and hospitals and as an economically-sound option.
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