Better or worse? EVERY transaction will be recorded and of course be accessible by HMRC, which will be perfectly fine in principal and will rid us of the  ‘payment by cash’ culture that avoids taxes. Good for the tax payer, not so good for the local handyman or low paid cleaner. Beggars and fundraisers? Swings and roundabouts. They will get mobile payments via their phones. It’s happening in various places already. Tap and pay a set figure. Almost easier than cash and may well mean spontaneous payments are more frequent. Less interaction, quicker etc. But as ever there could be downsides for those at the bottom as noted in this article - https://www.businesstoday.in/latest/world/story/beggars-in-china-go-cashless-but-there-is-more-than-what-meets-the-eye-108882-2018-07-01

Entire Thread

Topic	Date Posted	Posted By
The future of money	25/07/21 11:44:00	Alda Bruno
Re:The future of money	25/07/21 11:50:00	Barbara Stevens
Re:The future of money	25/07/21 12:07:00	Freddie Francis
Reply	25/07/21 12:28:00	Michael Ixer
Re:Reply	25/07/21 12:37:00	Matt Palmer
Reply	25/07/21 13:00:00	Michael Ixer
Re:Reply	25/07/21 13:15:00	Jonathan Callaway
Re:Re:Reply	25/07/21 13:35:00	Freddie Francis
Reply	25/07/21 13:57:00	Michael Ixer
Re:Reply	25/07/21 16:26:00	Adam Tripp
Re:Re:Reply	25/07/21 16:40:00	Matt Palmer
Re:Re:Re:Reply	25/07/21 16:52:00	Alda Bruno
Re:Re:Re:Re:Reply	25/07/21 17:00:00	Adam Tripp
Reply	25/07/21 17:12:00	Michael Ixer
Re:Reply	25/07/21 19:23:00	Ed Robinson
Reply	25/07/21 20:12:00	Michael Ixer
Reply	25/07/21 19:00:00	Michael Ixer
Reply	25/07/21 19:19:00	Martine Guy
Cash usage in society	25/07/21 19:37:00	Jonathan Callaway
Reply	25/07/21 20:13:00	Martine Guy
Reply	25/07/21 20:27:00	Michael Ixer
Re:Reply	31/07/21 13:08:00	Alda Bruno
Re:Re:Reply	31/07/21 20:34:00	Mike Essam

Forum Home