Quote:
Originally Posted by Chris
Cryptocurrency is a way of doing it, but let’s not forget that gold and other precious commodities are also a universally accepted store of value. There will never be a shortage of ways to pay for something that a government can’t track - none of which need seriously concern us here. The barrier to our financial system isn’t caused by our government, nor is it ever likely to be. It is the increasing use of technology and remote customer service that makes it harder for those who have difficulty engaging with such things, for whatever reason. Cash in some form is therefore unlikely to disappear any time soon.
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Maybe they will scrap cash, but keep the £5 note and anything below it, apart from copper.
Edit: But then what's to stop someone paying for £5,000 worth of drugs in fivers!!