Dave, thanks for this thought-provoking piece. I agree with you and Jack, but today's report on the BBC (not always to be trusted, but sound commentary on this occasion I think) from our Cash Queen, Nathalie Ceeney, suggesting cash withdrawals are 20% up on last year, suggests something is happening to attract people back to cash. I have not see the data on cash usage for payments, which may not be 20% up suggesting people are stashing cash under the mattress - despite it losing 10% of its value at least each year.
Dave, thanks for this thought-provoking piece. I agree with you and Jack, but today's report on the BBC (not always to be trusted, but sound commentary on this occasion I think) from our Cash Queen, Nathalie Ceeney, suggesting cash withdrawals are 20% up on last year, suggests something is happening to attract people back to cash. I have not see the data on cash usage for payments, which may not be 20% up suggesting people are stashing cash under the mattress - despite it losing 10% of its value at least each year.