Cashless Society

Vet

Theres always going to be a need for both - i.e. where theres no wifi for card payments/small business, Craft shops etc.

QuackQuackOops

How does a child learn to save pennies?
How do you go to the shop and buy a 10p mix-up?
Jumble sales?
Car boot sales?
Saving spare change for holiday spending money?
Tipping workmen or traders?
Giving cash as a gift?
Giving to charities?

List is endless....

Cashless might work for some people, but not everyone. If it doesnt suit the majority then it shouldnt be implemented.

stehouk

I take it you will be one of the 8 million left behind in the cashless society.

Ergates

QuackQuackOops wrote: »

If it doesnt suit the majority then it shouldnt be implemented.

"Implemented"? Just what, exactly, do you imagine is going to happen? The government and central bank are going to ban cash? How would that work?

A cashless society will only arise when if and when it suits the majority. What's more likely is that the current trend will continue and cash will just become less and less relevant to the majority of people the majority of the time, but it's not going anywhere in the foreseeable future.

To answer your questions however:

How does a child learn to save pennies? A child learns to save the same way they do now, except it doesn't involve little metal disks.

How do you go to the shop and buy a 10p mix-up? Aside from the fact that you won't get much for 10p these days - with a card.

Jumble sales? Car boot sales? Direct person to person electronic transfer via mobile banking app - as is already possible today.

Saving spare change for holiday spending money? "Spare change" is just money that isn't in your bank account that you haven't spent. If you're doing everything cashless then that money would simply remain in your bank account and wouldn't require saving.

Tipping workmen or traders? Either add the tip onto the bill, or set up a direct person to person payment as above.

Giving cash as a gift? Ditto.

Giving to charities? Given that most charitable giving is done electronically already, I'm not sure what you're asking. If you mean those money tins - replace them with contactless pay points that deduct a nominal small amount.

Not exactly insurmountable problems are they?