Re:Britain being forced to go cashless 'against its will'
by prmoustache on Thursday March 31, 2022 @03:35AM
(#30864772)
You can have a bank account and use cash.
As mentionned in the article, some people use cash because they struggle with budgetting. They may get a specified amount of money from the ATM each week in their wallet and get an immediate visual clue of where they at in any moment. Using cash actually make you see the money going out. It is much more tangible than just numbers to a lot of us.
We could probably think of other options, like having rechargeable money card with some kind of visual bar indicator showing the amount of money left but that is not there yet.
Also as much as I like using my cards and phones for payments, they are really bad for privacy. All you payments get stored in a database waiting to be dumped, stolen and leaked. And it is not a matter of if but rather of when.
As mentionned in the article, some people use cash because they struggle with budgetting. They may get a specified amount of money from the ATM each week in their wallet and get an immediate visual clue of where they at in any moment. Using cash actually make you see the money going out. It is much more tangible than just numbers to a lot of us.
We could probably think of other options, like having rechargeable money card with some kind of visual bar indicator showing the amount of money left but that is not there yet.
Also as much as I like using my cards and phones for payments, they are really bad for privacy. All you payments get stored in a database waiting to be dumped, stolen and leaked. And it is not a matter of if but rather of when.