Should We Get Rid of Paper Money?
Getting rid of cash would be a good thing because paper money is filthy. Paper money is also expensive to print new money because it has to be renewed, and it's just easier to buy items and goods online using credit cards. This is why getting rid of paper money is a good thing.
In Scope magazine article “ Should we get rid of paper money” by Mackenzie Carro, it is stated that “ Cash money is on its way out, is that a good thing?” Firstly getting rid of cash money would be a good thing because it is easier to pay with credit or debit cards and apps then to sort through your wallet and try to find cash. Secondly getting rid of paper money would be good because it is expensive to print new money, this was stated in the article when she said, “ Last year, the U.S set aside 900 million dollars to print new currency.” Lastly getting rid of paper money would be a good thing because in a 2017 study of paper currency in New York City, scientists discovered that the money was covered in hundreds of germs, do you really want to hold that in your pockets or purse?
On the other hand in the Scope Magazine article “ Should we get rid of paper money” by Mackenzie Carro, states that “almost 7.4 million people use cash only and do not have bank accounts.” “ The reason they do not have bank accounts is that they can afford the fees.” Secondly, if a storm came and knocked out the power, what would you do if you did not have any cash, you could not buy anything without online transactions, or you would not be able to purchase anything. Mackenzie Carro also states that about 20% of adults do not have smartphones, what would they do without cash as an option.
In the Scope Magazine article “ Should we get rid of paper money” by Mackenzie Carro, she states that money is covered in germs, and is also really expensive to print. Lastly she states that it is easier to just pay with an app or a credit card than cash. This is why we should get rid of paper money.