We’ve all been in a stressful situation where we need cash ASAP, but there isn’t a single bank or ATM in sight. Now, imagine you can withdraw money from the corner bodega or a retailer just a few minutes away. Sounds outlandish, doesn’t it? But it’s not. The future is here, and Sonect’s app is spearheading it.
What Is Sonect?
Sonect is an innovative application solving problems related to cash withdrawal. It allows users to access their accounts and take out money without going to a bank or using an ATM. It saves time and gives people comfort that they’ll always be able to use cash when needed.
Who Can Use Sonect?
Anyone can use Sonect to solve money withdrawal issues. Individuals can rely on the app to extract money from their accounts by visiting partner stores.
Banks, on the other hand, can use Sonect to reduce their operating costs. They can improve their bottom line by decreasing the number of branches and ATMs they maintain. Sonect allows them to expand their product/service portfolio and offer their clients more flexible withdrawal options at more reasonable rates.
Benefits of Using Sonect
Besides the advantages mentioned above, Sonect’s application offers users other benefits of immense importance, such as but not limited to:
- No need to store and carry payment cards;
- No misuse of payment cards;
- No skimming of payment cards;
- No need for a Personal Identification Number (PIN)
- Minimised potential for money blocking
- Improved withdrawal fees
- Improved exchange rates
Sonect’s Social Impact
Sonect’s product can have a massive impact on the lives of its users and the environment. Individuals can better control their monthly cash payments while optimising their time management. However, the most significant effect of the app will be its capability to eliminate the use of plastic cards.
Plastic has many negative impacts on the environment, like:
- Pollution – Plastic pollution is a global problem. Incorrect disposal of plastic waste and improper recycling lead to plastics severely harming wildlife and ecosystems.
- Chemical Leaching – Some types of plastic contain phthalates, bisphenol A (BPA), and other toxic chemicals, which can contaminate water sources and soils, resulting in risks to wildlife and human health.
- Rubbish Dumps – Landfills are mainly filled with plastic waste that takes a long time to decompose, contributing to natural resource depletion.
- Microplastics – Over time, plastic items degrade into smaller particles (microplastics), less than 5mm (about 0.2 in). Microplastics are known to be relevant in the environment and can pollute water, land, and air alike. They represent risks to marine and terrestrial life. Moreover, they can enter the human food chain, leading to different health complications.
Another positive social impact is that Sonect is carbon neutral. In other words, it doesn’t contribute to the carbon footprint that contributes to elevated air pollution, greenhouse gas emissions, climate change, ocean acidification, and biodiversity loss.
Conclusion
Sonect facilitates people’s lives and helps them avoid situations in which they cannot withdraw cash. It also grants banks the opportunity to reduce their expenses and expand their operations, keeping their clients satisfied. Finally, it contributes to making the world a better, cleaner place, less dependent on plastic.