According to local and national homeless charities an increasingly cashless society can have detrimental effects on anyone at risk of poverty, from the homeless to those with disabilities and the elderly.
Cambridge is set to become one of the first cashless UK cities, with one of the highest increases in contactless transactions each year. In 2020 69 per cent of Cambridge's transactions from April were by card or contactless payment, compared to 2008 when 60 per cent of UK transactions were in cash.
9000 cash machines disappeared across the UK in the last two years and many shops now only accept card. But aside from stopping the spread of Covid-19, is ditching coins a good thing?
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Cambridge is set to become one of the first cashless UK cities, with one of the highest increases in contactless transactions each year. In 2020 69 per cent of Cambridge's transactions from April were by card or contactless payment, compared to 2008 when 60 per cent of UK transactions were in cash.
9000 cash machines disappeared across the UK in the last two years and many shops now only accept card. But aside from stopping the spread of Covid-19, is ditching coins a good thing?
Read more
Behind Cashless Economy, Mass Surveillance?
