Should physical cash be scrapped?
 

Seen this discussed a lot lately about the prospect of physical money actually being scrapped due to a range of things such as disease spreading and money fiddling etc, what’s your opinion?

we need a back up of something physical when all the automated systems fail, and that's not uncommon, so, no, it shouldn't be scrapped

Who uses cheques anymore? I don't think I've written a cheque in 15 years :laugh:

No.
There is room enough for cash and cards.
And cheque books at times.

Yes yukk cash is disgusting.

However, digital payments need to be made more robust and streamlined first. So not "scrapped" but phased out over the next decade or so.

Nah I think it’ll stay around, but it was already declining, this pandemic will definitely cause a knock on effect though and speed up that process.

Now The Final Plastic £50 is on its way

Cash has Updated the Notes
they will always be used.

Cal what happens when your Electronic System
goes down in a shop.
They use Cash
It's a back up for many.


Shopkeepers during Covid 19
should use blue hand gloves

Not unless shops stop that bloody annoying "£5 minimum" thing...

If I run out of milk and want to pop to the shop to grab a carton, I don't want to either have to get a load of other stuff for the sake of it, or go without until Big Shop...

Though to be fair that's more of a bank thing, with them charging retailers for smaller transactions...

Only small retailers do this though, you can pay with card at places like Co op etc. for a 10p transaction if you want.

Most shops have a much smaller £2 minimum now.

This is true but I live in a village, there isn't a chain store here :laugh:

I mean I like walking and a few miles is nowt, but it's also not nipping out to grab one or two things :laugh:

I rarely use cash but I still think we need it. I'd be thinking about stupid things like pocket money for kids, piggy banks, putting money in birthday cards etc

I personally haven't used physical cash once during lockdown - I try to only use card normally anyway but I haven't touched cash at all. I also try to stick below the contactless limit too so I don't have to touch the keypad on the card machine. This virus has kicked my paranoia up about a million notches lol

We'll all have chips in our hands like card machines. Tap to give money. :hee:

Sounds like an episode of Black Mirror [emoji23]

Poor drug dealers if this happens

To be fair, my cousin has a GoHenry card...

What's that?

yeah :laugh:

It's basically ... think PayPal, but with a card, and the parent controls the money that goes in.

oh Ok, still not as fun as getting actual money though :laugh:

Also besides the drug dealers, there would be no cash jobs etc, I suppose you could argue that would stop benefit fraud and tax dodging but it feels very big brother is watching you kind of a thing? Like you could be tracked everywhere all the time because you would have to leave a trail behind you

Bad idea to get rid of cash all together, we always need a backup when digital and electronic fails/ crashes.

Noooo I still use cash way more than cards & I like it

Of course not. There's a good reason that off-licenses and that still use cash and I'm good with it

Card is way easier but cash is better ultimately to stop over-spending