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6.3 Dematerialization Of

Currency & Property Records

Currency should be dematerialized since transactions can easily be done through mobile devices, credit, or debit cards. This would reduce the cost of printing money, maintaining ATMs, and simplify transaction processes. Additionally, it would help combat fake currency, terrorism, corruption, money laundering, and other illegal activities, while also reducing crowds in banks and easing road congestion. Similarly, digitizing property records would add to overall convenience.

Next Up: - 6.4 Automatic tax collection.