UK Going Cashless As Over A Third Of Brits Abandon Physical Tender For Contactless Payments

As of last year, 23.1 million Brits reportedly only used cash once a month or not at all – a stark increase from 13.7 million in 2020.

According to a recent statement from U.K. Finance, the banking body for the nation, said that 1 in 6 payments made last year used physical notes and coins, with cash transactions falling 1.7%. Still, cash transactions represented 15% of forms of buying and selling last year.

The monetary group forecasts that by 2031 only 6% of transactions will be physical.

The Guardian says that the most used form of payment was a debit card last year (48%), ‘reflecting the continued growth in popularity of contactless cards,’ the outlet wrote.

‘However, the number of people turning their backs on cash surged in 2021. This could be because some businesses went card-only during the pandemic, or stopped accepting cash for a time. There are also indications that some consumers avoided using banknotes and coins for fear they might transmit Covid,’ The Guardian added.

But Daily Mail has a slightly different take on it, noting that ‘experts say [physical tender] is making a resurgence this year as struggling households turn to cash to help them budget better during the cost of living crisis.’

There is now evidence in the first half of 2022 that cash use has risen for the first time in over a decade, as the cost of living crisis bites and people return to the safety of cash as a budgeting tool.

It’s now widely recognised that those who rely on cash tend to be older, poorer or more vulnerable – many of whom can’t ‘go digital.

Natalie Ceeney, chairman of the Cash Action Group

U.K. Finance did acknowledge that some people find using physical cash is much easier to use to budget, and deal with the cost of living: “Given the rising cost of living, this may impact people’s use of cash over the coming months,” they group stated.

Even so, they also stated,

Rather than the U.K. becoming a cash-free society over the next decade, the U.K. will transition to an economy where cash is less important than it once was but remains valued and preferred by many.

Lastly, the report also released data on people who used “buy now, pay later” apps. This made up 12% of Brits last year, most attractive to younger generations, but people aged 35-44 used it the most.

The WinePress recently reported that Israel has taken a gigantic leap forward to promote a cashless society by banning cash transactions over $1,700.

Israel Bans Large Sum Of Cash Transactions Over $1700

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AUTHOR COMMENTARY

[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

Revelation 13:16-18

It goes without saying that we are quite obviously marching closer and closer to a cashless society around the world, which, is coming a lot sooner than people realize.

Here in the United States the Federal Reserve and Biden administration very well could release their Central Bank Digital Currency (CBDC) by next year. If they do, I presume it would be released gradually and subtly, being HEAVILY propagandized by the media, and with tons of incentives like tax breaks, gas credits, food coupons, ‘first in line’ deals, and so on.

Once CBDCs are in place, if you thought your vote didn’t matter before (which it clearly does not anymore), it will absolutely, positively, 100%, not matter in the slightest. If you think the IRS overreach is bad enough as is, then get ready for the tyranny when the government has automatic receipts for everything you buy and sell; which can then easily be attached to social credit, carbon calculators, and vaccine passports.

Even so and now, continue to use cash as much as you possibly can. When I go to the stores, my debit card never comes with me, save the bank maybe, and I have never used it at a store to buy anything. I pay everything in cash and coin. And if a store rejects cash, I take my money elsewhere. Furthermore, I detest self-checkouts, and I will stand in long lines for 15 minutes for two items (which literally happened to me the other day), simply because I refuse to use the self-checkouts not only in general, but especially when they do not even accept cash; and I would rather be serviced by an actual person, who actually has to do ‘something’ to earn their pay, and not stand there loitering over the self-checkout lines doing nothing.

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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