Is cash dead?

@Fleura (20117)
United Kingdom
May 9, 2022 4:10am CST
Every now and then we keep hearing that cash is now dead, and of course it is more convenient than ever to use cashless payment methods, especially after the pandemic when official guidance encouraged everyone to use contactless payment methods if possible. I believe that in this country card payments outnumbered cash payments for the first time, and of course there are also other options such as PayPal, Apple Pay and even those crazy people who have had a chip embedded under their skin and can just wave at a payment machine. Added to that, in this country we are losing more and more physical banking facilities. In my local town I used to have a choice of four branches of my national bank! Now only one is left, and that has barely any staff but just rows of machines instead. Many people face a long journey to get to a bank branch, making it more difficult to get any cash in the first place. You may think ‘So what?’ When we have so many other options, who needs a pocket-full of dirty old coins anyway? But I still find there are occasions when I need some change. After all, does the tooth fairy do contactless payments? All rights reserved. © Text and image copyright Fleur 2022.
19 people like this
17 responses
@DaddyEvil (78582)
• United States
9 May
I use cash all over the place. The government would LOVE everyone to go cashless but it ain't going to happen here any time soon.
5 people like this
@Fleura (20117)
• United Kingdom
9 May
I use cash too. And I keep a bundle at home just in case the system crashes or something.
3 people like this
@DaddyEvil (78582)
• United States
9 May
@Fleura Yup! We keep cash at home but we do it just because...
2 people like this
• Nairobi, Kenya
9 May
In my country we still use normal cash to make payments. I still love the idea of using cash
4 people like this
@Fleura (20117)
• United Kingdom
9 May
Me too, it feels like 'real' money!
2 people like this
9 May
no its what I use unless Im buying something on-line
3 people like this
@LadyDuck (386459)
• Switzerland
9 May
I know, because the Government let us know, that Switzerland wants to become a cash free country in the near future. We can already also pay the parking using our phones. I think the tooth fairy will transfer money to the smartphone of the kid in the future.
2 people like this
@Shavkat (128112)
• Philippines
9 May
We still use both cash and money online.
2 people like this
@Hannihar (121041)
• Israel
11 May
@Fleura I prefer to pay cash and not use up my credit card. I still pay with cash. "Sometimes only places take credit cards so have to pay with my credit card.
1 person likes this
@Fleura (20117)
• United Kingdom
12 May
I don't have a credit card but I do have a debit card and they recently increased the amount allowed by contactless payments to £100 per transaction so it's very easy to use.
1 person likes this
@Hannihar (121041)
• Israel
13 May
@Fleura I have never used a debit card.
1 person likes this
@Fleura (20117)
• United Kingdom
13 May
@Hannihar Does your bank give you one? Here you just get one automatically with any bank account as long as you are aged over 11. Also use it in cash machines.
1 person likes this
@JudyEv (274895)
• Rockingham, Australia
10 May
We have bank branches closing all over the place too. It can be very inconvenient at times.
1 person likes this
@Fleura (20117)
• United Kingdom
10 May
Absolutely. I use online banking a lot to make payments etc., mainly instead of sending cheques, but there are some things that can't be done online. My partner's bank has some app where you are supposed to be able to pay in a cheque by taking a photo and uploading it, but it never works! Also of course if you have any problem you want to speak to a real person to sort it out. When they are there in front of you everything is so much easier to explain and you can insist on them sorting it out!
1 person likes this
@JudyEv (274895)
• Rockingham, Australia
10 May
@Fleura That's so true. And not so long ago, my niece was made 'manager' of a local branch but she had no authority to do much at all. Certainly not like our 'old' bank managers who could approve loans, etc.
1 person likes this
@Fleura (20117)
• United Kingdom
10 May
@JudyEv The bank manager used to be an important local figure, and getting on the right side of your bank manager was quite important! Of course that had good and bad aspects, but on the whole I think it was better than the current situation where you are at the mercy of some algorithm!
1 person likes this
@aninditasen (4571)
• Raurkela, India
9 May
Here in India too we can do cashless payment in most of the occasions but yet there are instances where we have to draw money or go to the bank. This Saturday I had to draw cash from the ATM to pay at the doctor's clinic.
1 person likes this
@Fleura (20117)
• United Kingdom
9 May
There are still some places where it is the only sensible way.
1 person likes this
• Raurkela, India
10 May
@Fleura But digital payment must be made as much as possible as now a days thieves and snatchers are increasing.
1 person likes this
@Fleura (20117)
• United Kingdom
10 May
@aninditasen True, but scammers who con people into handing over money electronically are far more numerous than those why try to steal physical cash!
1 person likes this
@porwest (50985)
• United States
9 May
I think there is still, and will remain to be a need for cash. But it is true that cashless payment methods are becoming more and more. There was a time when carrying around a checkbook was a must. I hardly ever write checks anymore and know few people that do.
1 person likes this
@Fleura (20117)
• United Kingdom
9 May
That's true, and there was a drive to abolish cheque-books here a few years ago. But that proposal was quietly dropped because a lot of people do still use them, even if not very often.
1 person likes this
@porwest (50985)
• United States
10 May
@Fleura Admittedly, the most I see them used is by older people.
1 person likes this
@CarolDM (182026)
• United States
9 May
I rarely use cash any more. Crypto is always gaining popularity.
1 person likes this
@Fleura (20117)
• United Kingdom
9 May
Oh yes I forgot about that! Haven't used that option yet, have you?
1 person likes this
@CarolDM (182026)
• United States
9 May
@Fleura Yes I use it on another site. I have to convert it over to US dollars, so I don't really interact much with it.
1 person likes this
9 May
Card has taken over from cash, though Cash is still preferred by many, especially the older generation. It should definitely not be phased out.
1 person likes this
@Fleura (20117)
• United Kingdom
10 May
I can think of a few places where there is currently no other option, for example coin-operated laundry machines, as mentioned by @Chellezhere, or shopping trolleys at supermarkets, which have to be released by inserting a £1 coin. And what about those people who don't have a bank account at all? There are a surprising number of them who are at a significant disadvantage in all sorts of ways already.
1 person likes this
• United States
10 May
@Fleura, you are spot-on. Those without bank accounts are at a definite disadvantage without cash.
1 person likes this
@MarieCoyle (4658)
15 May
I have been in several situations where the cards don't work due to computer problems, or whatever. If our power grid ever goes down, cash will be what works, not cards.
1 person likes this
@Fleura (20117)
• United Kingdom
15 May
That's true, although nowadays without electricity shop doors won't open, their price scanners won't work, their cash registers/tills won't work, etc, so that makes it difficult to use cash too!
@lazydaizee (3834)
• United Kingdom
15 May
I prefer to use cash and I do not trust all this online paying for things. My computer got hacked some time ago and since then I have not trusted the internet. I do not like using cards or cash machines because I find it difficult to remember pin numbers and I worry about losing the card because it may fall into the wrong hands.
1 person likes this
@Fleura (20117)
• United Kingdom
15 May
I can understand that, but nowadays if you don't use cash machines it can be hard to actually get your hands on your own cash!
@nela13 (49905)
• Portugal
9 May
I use money quite often and for what I see, many people use it too.
1 person likes this
@Fleura (20117)
• United Kingdom
10 May
I would be sad to see it go.
@xFiacre (10477)
• Ireland
9 May
@fleura I carry cash in case I need to use a French public toilet (and you know just how public french loos can be).
1 person likes this
@Fleura (20117)
• United Kingdom
10 May
Well I guess you need to be prepared for every eventuality!
1 person likes this
@Ronrybs (15098)
• London, England
9 May
Tooth fairies need to get with the times! We too only have a single bank, but there are others are a few miles away. What also seems to disappearing is the non-bank cash machines with free transactions.
1 person likes this
@marlina (143958)
• Canada
9 May
I still use cash once in a while.
1 person likes this