Cashless Society

[265]

I'm using Cash tomorrow, it's the only way I can pay my mechanic, he shut down his shop a few years ago but still carries out
work on my motorcycles, he didn't hang me to dry. It's really the only time I use cash now.

 

[Kim Mild]

The people who use cash so people don't know what they have been buying are probably more likely to be hiding purchases from their oh/ family rather than anyone else.

 

[Captainmouse]

The people who use cash so people don't know what they have been buying are probably more likely to be hiding purchases from their oh/ family rather than anyone else.

really? How does how you pay hide the item?

 

[Eltonjohnsflorist]

Drugs / gambling? Pay cash and use it. Anything consumable is hidden. The only thing you couldn’t hide is something huge like a sofa

 

[Kim Mild]

Drugs / gambling? Pay cash and use it. Anything consumable is hidden. The only thing you couldn’t hide is something huge like a sofa

Stuff you can shove in a cupboard and pretend you've had it ages.

Also useful when buying presents for people.

really? How does how you pay hide the item?

Not the item itself but where it was bought and when and the price.

 

[Lanie]

I hate the cashless society. I pay on card sometimes but honestly rather pay with cash.

I shop for an elderly person who pays me cash to get her goods and honestly the looks i get for doing are awful. I honestly think choice should be kept in all shops.

 

[Rockin' Robin]

I hate the cashless society. I pay on card sometimes but honestly rather pay with cash.

I shop for an elderly person who pays me cash to get her goods and honestly the looks i get for doing are awful. I honestly think choice should be kept in all shops.

I think we should have the choice to pay by cash or card, everywhere.

 

[StrawberryCream]

Rishi Sunak plans to replace our cash with official digital currency

In what Treasury insiders say would be the biggest upheaval in the monetary system for centuries, the Bank of England would establish a direct digital equivalent to physical money.

www.dailymail.co.uk

thoughts on this?

 

[emm]

Rishi Sunak plans to replace our cash with official digital currency

In what Treasury insiders say would be the biggest upheaval in the monetary system for centuries, the Bank of England would establish a direct digital equivalent to physical money.

www.dailymail.co.uk

thoughts on this?

I don't really understand the point tbh

 

[StrawberryCream]

I don't really understand the point tbh

Universal basic income

 

[Notworthy]

I do think some people are a bit hyperbolic about the problems banks sometimes have. It's very rare and then you'd just need a credit card or 2nd free bank account.

Does anyone else remember just how many fake £1 there was before the new one? It was something like 1/30 iirc.

There's payment cards for children that lots get their pocket money added to, go Henry and all that.

Seen it happen, Southeast London a couple of years ago, caused chaos, also working at the station seen quite a few people that have lost their cards and can't pay for tickets to get to work. I've always got a hundred quid in a drawer.

 

[emm]

Seen it happen, Southeast London a couple of years ago, caused chaos, also working at the station seen quite a few people that have lost their cards and can't pay for tickets to get to work. I've always got a hundred quid in a drawer.

yes i remember this! I think this is why being cashless is so risky

 

[Eltonjohnsflorist]

Rishi Sunak plans to replace our cash with official digital currency

In what Treasury insiders say would be the biggest upheaval in the monetary system for centuries, the Bank of England would establish a direct digital equivalent to physical money.

www.dailymail.co.uk

thoughts on this?

It’s a bit of a nothing story isn’t it? It’s only saying they’ve set up a working group to look at the advantages and report back at the end of the year. I seriously doubt the U.K. will be the first major economy to go digital

it doesn’t have anything to do with a universal basic income though?

 

[emm]

It’s a bit of a nothing story isn’t it? It’s only saying they’ve set up a working group to look at the advantages and report back at the end of the year. I seriously doubt the U.K. will be the first major economy to go digital

it doesn’t have anything to do with a universal basic income though?

isn't sweden aiming to get rid of cash by next year? I think with all the mistakes the uk govt make with technological things i wouldn't hold my breath tbh

 

[Eltonjohnsflorist]

They’re not just talking of getting rid of cash there- they’re talking of making the pound a digital currency. I suspect most countries are looking at that but don’t think anyone is doing it

 

[1001 others]

If society does collapse, or there is a technology outage lasting some time, cash will be the only way to get goods and services (or barter with people).

 

[265]

Rishi Sunak plans to replace our cash with official digital currency

In what Treasury insiders say would be the biggest upheaval in the monetary system for centuries, the Bank of England would establish a direct digital equivalent to physical money.

www.dailymail.co.uk

thoughts on this?

It has failure written all over it.

 

[rainbowlemon]

They’re not just talking of getting rid of cash there- they’re talking of making the pound a digital currency. I suspect most countries are looking at that but don’t think anyone is doing it

China is already ahead of us:

China has given away millions in its digital yuan trials. This is how it works

The People's Bank of China has been developing the digital yuan, a so-called central bank digital currency that aims to replace some of the cash in circulation.

www.cnbc.com

America also launched pilot schemes.

Digital Dollar Project to launch five U.S. central bank digital currency pilots

The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.

www.reuters.com

Gear Up and Stay Tuned for the USA’s Digital Dollar

The digital dollar will reform the future of money. The United States of America is progressively working towards creating its own central bank digital currency

www.analyticsinsight.net

I personally don't think it's a good idea going 100% digital given the number of recent cyber attacks that have occurred recently in this year alone.

 

[Big_Joe]

We must stop Britain sleepwalking into a dystopian cashless future

archived 31 May 2021 09:28:55 UTC

archive.is

That appears to be what we are heading towards bit by bit. Businesses using covid as an excuse to expect you to pay by card when there is no evidence cash handling is dangerous (if you think it is I will happily take your money off you). Around eight million people in the UK dependent on paying on cash. Many more of us trying to save cash from being obsolete because it's easier to budget, easier to know how much you've spent, you know you haven't been overcharged (like looking at online banking to see your £2 drink you got charged a fiver for) and don't like paying on card for such small priced items like when in Greggs and someone buys their £1 sausage roll on card. I hate card only self checkouts putting people out of work so in a supermarket I always get served by a real person and pay cash.

Hi. Personally i like self service as when i do my shopping it is literally a 5 minute job (i am a long time widower...) but for older folks they have to use cash and also that 'human' interaction is 1 of the few they get each week.

One can understand the 'economics' of 'card only'/self service but also balance that with the needs of elders. One day you will be older also and cant fiddle about with silly smartphones and this and that (i also cannot do that scan and go thing with cellphones i have only recently learned how to do 'self service' ).

 

[emm]

China is already ahead of us:

China has given away millions in its digital yuan trials. This is how it works

The People's Bank of China has been developing the digital yuan, a so-called central bank digital currency that aims to replace some of the cash in circulation.

www.cnbc.com

America also launched pilot schemes.

Digital Dollar Project to launch five U.S. central bank digital currency pilots

The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.

www.reuters.com

Gear Up and Stay Tuned for the USA’s Digital Dollar

The digital dollar will reform the future of money. The United States of America is progressively working towards creating its own central bank digital currency

www.analyticsinsight.net

I personally don't think it's a good idea going 100% digital given the number of recent cyber attacks that have occurred.

exactly, in the wake of all this hacking from russia etc this just seems like a ridiculous idea. I think a 100% reliance on technology is just a bad idea