Personally I would be in favour of a largely cashless society. I don’t understand why the focus isn’t on convincing those who don’t have bank accounts to get one and teaching people how easy/safe digital payments etc are now.
There’s an opposite to this though. My small village has mostly always been cash only, and some of the older companies still are. But newer businesses have been popping up with those square readers and only accept card.
So we’re seeing a transition away from not everywhere accepts cards to not everywhere accepts cash. I suspect the pandemic will usher things along that transition with some haste too.
My village used to have exactly this, with a very old fashioned petrol station and garage combo, but the guy actually accepted cards (and the petrol station closed in 2010 due to too much competition from a Shell only 1 mile away)!
I suppose he was a technology pioneer, despite the appearance of his “old-timey” set up!
Admittedly, his card machine did work via dial-up, but it worked fine with Chip and PIN (and contactless at the time was very rare).
You hear about accounts being locked out all the time even if it was due to a technical issue… imagine the inconvenience of that happening to you at least you can still buy your bread with some good old fashioned cash.
True! it does open the possibility of more tech related issues. However I’ve not known of any issues lasting more than a few hours and it is usually isolated to one provider. I can’t see anyone starving in that time or it causing anything more than a minor inconvenience.
The last time this happened I believe it stopped some people completing house purchases and such but they’re not done with cash anyway so it wouldn’t make a difference regardless.