A quote from this article
“A digital payment system allows for greater economic transparency, which can help curb illicit activities like tax evasion and money laundering”.
Just one of the issues?
Who decides what is an illicit activity?
The “Authorities”.
In how many countries can citizens REALLY trust the “Authorities”?
Approaching ZERO.
Which is why the privacy provided to the British public by cash transactions is absolutely VITAL.
However, leaving aside the dangerous nonsense in the article, there is a brilliant contribution from Martin Quinn, a Campaign Director of the Payment Choice Alliance.
As Martin rightly proclaims, “CASH DOESN’T CRASH”!
And it also does not need the permission of the “Authorities” to allow it to be used.
There are many reasons why the British public will NEVER agree to their country becoming “cashless”.
BUT those two alone would be enough to convince most people that “cashless” would be a disaster.
Source: saga.co.uk/saga-money-news/could-the-uk-ever-ditch-coins-and-notes-completely