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A last hurrah for banknotes as UK switches to mobile and card payment

Posted by Landscape Juice on June 4, 2016 at 4:33pm

Winston Churchill gazes out from one side of the new £5 plastic note, the Queen from the other. But the chances of Prince William appearing on a banknote are looking slim. More than 300 years after the first Bank of England banknotes appeared, the new plastic ones could perhaps be the last.

Stop a young adult on a British high street and you will find that one in eight has not a penny in cash on them. Even the ones who do are likely to have no more than £20.

For them, the cashless society is not tomorrow’s world, but today’s: a contactless card flashed to enter the tube; a smartphone tapped at Pret for a lunchtime sandwich; another card waved at a Tesco Express on the way home; the cab journey back from the pub processed by Uber.

The Guardian: A last hurrah for banknotes as UK switches to mobile and card payment

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  • Ben Jakes June 5, 2016 at 4:19pm

    All part of the big plan to control the population, tax at will, levy fines at will and remove the free market as we know it.

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