How banks are driving to a cashless economy

Lincoln is one of the UK cities losing the highest number of high-street ATMs since the covid pandemic began.

New research has revealed that around 340 cashpoints are closing every month on Britain's high streets across the country.

A report by UK merchant payment provider, Dojo, has revealed the extent to which Britain’s high streets are losing their ATMs and which UK cities are the most affected.

During the pandemic, Lincoln has lost 16 ATM's in the city, meaning there are now only 120 available to the residents, a decline of 11.76 per cent and is in the top 20 of cities that closed the most machines.

In an urban area with around 130,000 people, this means one machine has to serve 1,083 people.

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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.

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The debate

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