Is cash on the way out?

It depends on what we understand by a cashless society. For most people it is a virtually cashless society because the aim is not to eradicate cash entirely but to reduce the use of it noticeably so that costs are cut. There will always be situations where coins are still needed but even that will be a thing of the past sooner or later. Take the example of self-service car wash, one of the last coin-operated domains. Young people don’t need those because they hold their smartphone against a scanner and some chips are issued which can be used just like coins. The whole transformation process away from cash will be far smoother and basically unagitated.

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The future is not bright for people working for cash. I wouldn’t be surprised if cash is gone completely in ten years.

Who imagined, ten years ago, we’d all be doing contactless for something like a single banana purchase, by 2025?

The cash in hand and the tipping culture was nice while it lasted.

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I still use cash for everything except really big purchases and public transport which requires a travel card.
If my cash was refused I would go elsewhere but this only happened once, at a seaside, and they were left holding the two ice creams.
It is up to us to fight against it, I have found the easy answer is just to say you have no other means of paying.

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I am getting to the stage where using a card is very convenient but I still use cash as often as possible.

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Google AI says:

  • Biometric authentication, such as fingerprint and facial recognition, is becoming more common for easier and more secure payments.

Preferring cash is not an option.

But what happens when the system breaks down???

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Precisely!
Do we revert to some kind of barter system?

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I try to see it from the vendors point of view. I wouldn’t leave him holding two ice creams.

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carry a gold ring or two buried deep in your Levis.

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Sound thinking d00d!
Who knows what might be pulled out of the old 501’s under dire circumstances…

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If enough people do it they’ll revert to accepting cash.
In this instance there was no sign saying no cash and I had no other means of paying anyway.

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For what it’s worth I believe that most people will ultimately accept a cashless society, by degrees perhaps although some of us might not like it :frowning:
With all that’s going on in the world at the moment I can’t see this issue being at the forefront of most people’s minds.

But yes, I’ll still be carrying some proper money about my person for the time being :+1:

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I’m not too keen on a future cashless society. In my opinion, at least for small payments, cash should always be accepted.

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Whenever I have cash, it’s always on the out. It never lasts long, so I guess some places are still taking it. I haven’t come across anywhere that refuses it yet.

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Well I suppose you can be excused, in that case.

:wink:

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We have a Polish shop/deli in town.
They sell a variety of very tempting loaves of fresh bread! :heart_eyes:
Cash is only accepted if you spend a certain amount, not a hell of a lot but
muggins here usually isn’t carry cash on the occasions I pop in.

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What’s the advantage of paying cash then?

Or do you see shopping as a chance to fight against the switch to cashless.

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My pal and I used to do our shopping at Tesco then pop into the Store Cafe for a coffee, not so long ago the person serving us said sorry but we’re card only now. My pal said then we won’t be back here, I’ve also noticed the cafe is not nearly as busy as it used to be. Cutting their own throat. The cafes in the town are always busy now, they know people here like cash.

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I’ve never heard of that one! I’d have thought it would be under a certain amount.

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So I googled: are banks encouraging small traders to go cashless

Google AI says:
While banks aren’t explicitly telling small businesses to go cashless, they are actively encouraging it by promoting digital payment methods and reducing the infrastructure for handling cash. This shift is driven by the benefits of cashless transactions for both businesses and banks, such as increased efficiency and reduced risk of theft.

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I stand corrected d00d!
What I meant to say is that cards are not accepted unless you pay a certain amount.
When I fancy a loaf of the rather delectable bread I’m not usually carrying cash :wink:

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