As central banks debate digital currencies, the UK aims to protect cash ...Middle East

Quartz - Economy

As society accelerates into its digital future, the UK is taking steps to protect the centuries-old technology known as paper money.Digital payments are rapidly becoming ever more commonplace, so much so that even the world’s central banks are debating whether to issue an electronic form of money to the public. But increasingly cashless Britain, where many bank branches and ATMs have vanished, has become a reminder of the risks of leaving physical money behind too quickly. Some 10% of Brits still use cash for all or most of their daily purchases, and the poor and elderly can be especially reliant on it.The spread of cash deserts sparked an uproar in communities from Wales to Scotland, and of

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As central banks debate digital currencies, the UK aims to protect cash ...Middle East

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