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.
This happened here. For hygeine reasons many of the local shops stopped accepting cash. As things have opened up they’ve remained card only… maybe they’ll go back to both, maybe not.
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).
Can you elaborate please, I don’t understand how a bank could be allowed (or would) do such a thing? Especially when they make a lot of their money from card transactions.
If anything I imagine banks would do everything in their power to support a cashless society. In addition to the above they would cut so many overheads to name a few.
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.
You’re right one wouldn’t starve but who draws the line on how important that particular transaction is and your ability to not make it cause cash was abolished,
Anyways I’m sure this is way further down the line but definitely on the horizon.
Whilst I’m sure there are mugs and pencils in the gift shop and Paul’s farm was doing ‘adoptions’, tours and stays in luxury accomodation, it is the wool of certain species of alpaca (and spun in a certain way) that is priceless.
Well, actually there is a price and it is really high. £560 cardi anyone?
Edit… couldn’t figure out how to condense my long and annoying link… gave up