Paperless banking system

Some say that with increased technology, such as ATMs and debit cards, and the expense of printing money, our society is headed for a completely paperless banking system. This means that paper money and coins would be removed from the economy. Instead, our bank balances would be handled by computers. We would carry plastic cards (much like debit cards) and use them to deduct money from our accounts and to pay bills. Paying bills will simply become a matter of deducting money from one account and crediting it to another via the computer.

Do you agree with this thought? Do you think we are headed for a completely paperless banking system with no paper currency at all? Post your answer to this question along with at least two reasons that support your opinion. Be sure to completely explain your position.

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