Cashless society: UK cash system on ‘verge of collapse’ – and it’s the vulnerable who will [ay

in informationwar •  3 months ago 

"Government, regulators and banks must act now to prevent the UK from “sleepwalking” into a cashless society, resulting in millions of Britons being “left behind”, a report has warned. As bank branches and ATMs continue to close, the cost of handling and accepting cash will lead increasing numbers of retailers to go cashless, according to the Access to Cash Review, published today, Wednesday. Elderly people and rural communities will pay Approximately eight million British adults (17 per cent of the population) would be left adrift if the UK transitioned to a cashless society, it states.

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