Irenaeus.: ,
There are people on the MPC of the Bank of England who want us to move to a cash-less society, where everything is electronic. However, this is because of tax reasons - they can already cause things like negative interest rates and inflation simply by monetary policy, the actual coins and notes only account for about 5% of the UK money. But I digress.
Yes, but if cash is abolished you can't escape negative interest rates by withdrawing cash from your account (and hoarding it...ok, that may not be the best idea either), you're basically forced into spending it. And in any case what's happening right now (at least in Germany, don't know about the UK) with very low interest rates and increasing risk of inflation already feels a lot like expropriation.
And cash just gives you a certain kind of freedom and flexibility...I'm very much against it being abolished.
Klumpen0815: Provided you own and carry a smartphone (which I don't).
toxicTom: Me neither, but I guess we are but a small minority nowadays.
I don't have one either. In fact I don't have a mobile phone at all. I guess that makes me a walking anachronism.