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Started by Gotout on Mar 6, 2019 10:55:16 AM
UK to become a cashless society?
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Gotout - 06 Mar 2019 10:55:52 (#1 of 361)

Is it a ploy by the government to get rid of the black economy?

Agaliarept - 06 Mar 2019 10:56:58 (#2 of 361)

Maybe.

Roll on implanted finance chips I say!

InternationalVicar - 06 Mar 2019 10:56:58 (#3 of 361)

Partly, combined with a larger plan by the banks to keep ALL the money.

thisonehasalittlehat - 06 Mar 2019 10:58:27 (#4 of 361)

I like cash because I can look at it and see how much there is.

HerrWalrus - 06 Mar 2019 10:59:47 (#5 of 361)

Is it a ploy by the government to get rid of the black economy?

More a way that big businesses and banks can monitor what you spend, and where you spend.

ChankNolen - 06 Mar 2019 11:08:37 (#6 of 361)

It's going to make a certain hip-hop video meme less impactful.

widenation - 06 Mar 2019 11:11:11 (#7 of 361)

What about swear boxes?

Pinkgum - 06 Mar 2019 11:11:20 (#8 of 361)

At my old shop (office workers mainly), most, maybe 60-70% of customers paid electronically (card, but increasingly phone or watch). In my new shop (in Manchester arndale) that is pretty much reversed. Demographics innit.

bailliegillies - 06 Mar 2019 11:16:30 (#9 of 361)

Is it a ploy by the government to get rid of the black economy?



More likely one by the banks to increase their profits by closing more high street banks and laying off workers. Also with "electronic money" they'll be able to create even more money a lot easier and put off another Global slump indefinitely.

Gotout - 06 Mar 2019 11:20:03 (#10 of 361)

Will beggars be forced to carry card machines now?

bossab2 - 06 Mar 2019 11:22:14 (#11 of 361)

Given the forthcoming Brexgeddon I have converted some of my virtual money in the bank into hard cash stashed at home.

Gotout - 06 Mar 2019 11:23:57 (#12 of 361)

It could lead to the reintroduction of the barter system.

bossab2 - 06 Mar 2019 11:30:22 (#13 of 361)

2 turnips to the £1

bailliegillies - 06 Mar 2019 11:31:04 (#14 of 361)

It's going to have an effect on a lot of the elderly who still use cash, especially here in the Highlands and Islands where banks are closing and many shops still reliant on cash transactions.

ChankNolen - 06 Mar 2019 11:32:44 (#15 of 361)

'Will beggars be forced to carry card machines now?'

Related to this I had a conversation with my Big Issue seller about what cashless meant for them. He said that some of the sellers on more lucrative patches were now investing in machines, but there is a big upfront cost which had put him off.

FrankieTeardrop - 06 Mar 2019 11:40:45 (#16 of 361)

Soon, hopefully. I still occasionally get caught out by parking ticket machines that expect you to have five pound coins in your pocket, and don't have any card/mobile phone payment options.

Arjuna - 06 Mar 2019 11:43:19 (#17 of 361)

Also with "electronic money" they'll be able to create even more money a lot easier and put off another Global slump indefinitely.

There could never be another run on the bank as there would be nowhere to run to.

bailliegillies - 06 Mar 2019 12:01:59 (#18 of 361)

True as it would be pointless savers trying to withdraw their savings as what they'll be given could be worthless.

thisonehasalittlehat - 06 Mar 2019 12:09:28 (#19 of 361)

Given the forthcoming Brexgeddon I have converted some of my virtual money in the bank into hard cash stashed at home.

That's interesting. Where would you recommend hiding cash? Also: where do you live?

TrouserFreak - 06 Mar 2019 12:13:56 (#20 of 361)

I pay checks in with my phone & pay for most things with contactless.

Rarely use cash.

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