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A cashless society is characterized by minimal use of physical money, relying instead on digital payment methods like cards and mobile apps. The advantages include convenience, increased safety, and benefits for businesses and the environment, while disadvantages encompass digital exclusion, cybercrime risks, privacy concerns, and potential technical issues. Countries like Sweden and China exemplify cashless societies, with Uzbekistan also moving towards this model.

Author

abdullokhabdujalilov1

Language

EN