Potential for a digital pound this decade

[vetran]

I think they now need to insist on any wages / service fees / benefits are paid into a bank account and people can then use cash as they wish. Penalties pretty harsh for not complying.
Bank account linked to one person and one NI number using KYC.

Kill the black/grey/ illegal economy whilst leaving people the freedom to use cash.

[NotAllThere]

Neal Asher wrote that eventually some smart bugger will offer an IOU.

It's called "cash"

[courtg9000]

Always have a reserve £20 in the wallet.
Keep a spare £20 hidden in my Filofax and my support bag as well.
I can't use self checkouts and some ATM's are a pain in the proverbial so still get cashback at Supermarkets etc.

[Protagoras]

£50 in sterling, €50 in euro in the wallet. £10 in the car for basics.

Debit card for parking, don't do apps for parking, don't encourage them.

+1
I always have cash with me, enough to pay for at least a tank of fuel.

It's surprisingly common to find that non-cash payment mechanisms are not working. Supermarkets and supermarket filling stations are the common failures in my experience.

I think for cash, it's use it or lose it.

[vetran]

Very much so although I have to admit, I very rarely have any cash on me and when I do, it tends to be euros from the odd trip away.

In fact, the only time i can think of when I genuinely need cash is when I am paying for parking and there is no phone reception to pay over the parking app.

£50 in sterling, €50 in euro in the wallet. £10 in the car for basics.

Debit card for parking, don't do apps for parking, don't encourage them.

[David71]

She's just checking up on you because hookers and coke are still cash only.

That is so 90's. You'd be surprised to takes contactless nowadays.or maybe not

[vetran]

Surprising how many people queue for cash on the self checkouts. Seems fishy.

[vetran]

She's just checking up on you because hookers and coke are still cash only.

You need large notes to pay for his kinky ways!

this does limit the excess a bit

https://en.wikipedia.org/wiki/500_euro_note

[northernladuk]

The Mrs rarely carries cash but it's surprising how often when we're out she'll ask if I have any cash on me...

She's just checking up on you because hookers and coke are still cash only.

[Zigenare]

Very much so although I have to admit, I very rarely have any cash on me and when I do, it tends to be euros from the odd trip away.

In fact, the only time i can think of when I genuinely need cash is when I am paying for parking and there is no phone reception to pay over the parking app.

The Mrs rarely carries cash but it's surprising how often when we're out she'll ask if I have any cash on me...

[Martin@AS Financial]

Another nail in the coffin lid of the grey economy...

Very much so although I have to admit, I very rarely have any cash on me and when I do, it tends to be euros from the odd trip away.

In fact, the only time i can think of when I genuinely need cash is when I am paying for parking and there is no phone reception to pay over the parking app.

[Zigenare]

An interesting speech from Bank of England official Jon Cunliffe who acknowledges the shift away from cash to electronic payments.


Full speech here:

https://www.bankofengland.co.uk/spee...xii-conference

Another nail in the coffin lid of the grey economy...

[Martin@AS Financial]

An interesting speech from Bank of England official Jon Cunliffe who acknowledges the shift away from cash to electronic payments.


Full speech here:

https://www.bankofengland.co.uk/spee...xii-conference