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Cashless society will have an impact on everyone





From the speedy slap of a contactless card on the reader to the convenience of online payments, the switch to cash-free consumerism has surged over the last decade, with the number of Brits paying in cash dwindling from 63% down to a meagre 34%. Though it seems implausible, a straight-line projection based on the above would mean Britain becomes a fully cashless society by 2026.

With 250 ATMs and innumerable bank branches disappearing from our high-streets each month, cash is becoming increasingly hard to come by. Considering that it's still an economic necessity for 25 million people across the country, the speed at which digital finance is advancing runs the risk of leaving many behind. Here's everything you need to know about how going cashless could affect you...

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view









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