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Wednesday, February 15th, 2012

Posts Tagged ‘ cashless society ’

The Myth of the Cashless Society

May 1st, 2008 | By Contrarian Profits | Category: Featured, Financial News

A cashless society is a great idea, but new data form Britain reveals that we’re a long way off cashless living.

According to The Independent newspaper, British shoppers spent £5bn ($10bn) more in notes and coins last year, challenging the long-held view that Britain is becoming a cashless society.

A survey suggests the value of cash as a proportion of total spending rose from 32 to 34 per cent, the first reversal of a two-decade trend.



Cashless Society

Apr 7th, 2008 | By Rob Mackrill | Category: International Investing

It caused quite a stir at the Barclays bank branch in Enfield, north London. It was 1967 and actor Reg Varney, popular at the time in the hit TV sitcom On The Buses, opened the first hole in the wall cash machine.