A cashless, ticketless society...

[Dan]

1 hour ago, Soup said:

Not a good idea at all, give them an inch and they'll take a mile. For instance you may go on a protest or even donate to a cause you believe in and the government might freeze your assets. I doubt that will happen just yet though, oh hold on ... 🇨🇦🇨🇦😂

Saw what happened there and became immediately sceptical.

[grobyfox1990]

40 minutes ago, adejo92 said:

I haven't got debit cards linked to my phones but keep contemplating doing so. I have a wallet filled with about 5 years worth of receipts, and cards for places that don't even exist anymore. My wallet is merely ballast for a walk down the shop to get some milk!

 

How do people rate having your card on your phone in terms of reliability & safety?

Don’t ever use debit card and never keep receipts or cash. My wallet is one of those card holder type things with credit cards and driving licence only 
 

I don’t keep my cards on my phone, I’ll inevitably have to but will only do it when forced 

[Soup]

27 minutes ago, Dan LCFC said:

Saw what happened there and became immediately sceptical.

It was bonkers and gives a glimpse in to the future of what could happen when certain people have too much power.

 

It's already being discussed how we should spend our own money as well. Oh joy 😂

 

https://mindmatters.ai/2022/02/government-mulls-money-that-can-only-be-spent-on-approved-items/

 

 

[Livid]

Went to watch the Tigers in the European Final  at Twickenham last year, I had to install the Twickenham ticket app. Went to watch the Tigers in the Premiership Final, I had to download the Premiership Rugby app. I booked tickets to go to watch Wales v Australia in November this week, I’ve had to install the Principality Stadium app. 
 

I’ve got Ticketmaster, See Tickets, AXS. I don’t mind using my phone but to be permanently downloading apps and registering, passwords going through security codes etc for each and every venue is becoming a bit much. 
 

I’ve ordered Springsteen tickets in Dublin and Munich by post, the Dublin ones have actually turned up 11 months ahead of the event 

 

I fully expect something similar for the City. 

 

 

[SeCrEt FoX]

5 hours ago, Benguin said:

I don’t like it myself. I don’t know why and I do pretty much entirely pay by card. 

I'm pretty much the same. Never carry cash but it's a pain in the arse if I go places like the General hospital where you have to pay for the car park with coin. I always forget until the last minute. Also things like haircuts and sons football subs etc! 

[BKLFox]

2 minutes ago, SeCrEt FoX said:

I'm pretty much the same. Never carry cash but it's a pain in the arse if I go places like the General hospital where you have to pay for the car park with coin. I always forget until the last minute. Also things like haircuts and sons football subs etc! 

What is it with barbers and paying with cash but I can go to Muzzy’s kebab van and pay with my card 🤷‍♂️ 

[SeCrEt FoX]

7 minutes ago, BKLFox said:

What is it with barbers and paying with cash but I can go to Muzzy’s kebab van and pay with my card 🤷‍♂️ 

So they can pocket most of it without going through the books most likely  But yeah the cob van near my work uses a card machine which is dangerous and now I know its got a machine I go all the time #FATTY

[Sly]

I’ve not withdrawn any cash for close to 5 years. 
 

I use my watch to pay for most stuff now. It’s just so much more convenient. 

[Unabomber]

I’m fine with using my card and phone but it does piss me off when places say “we don’t accept cash” it’s ****ing money! You don’t take money?!

[Parafox]

5 hours ago, davieG said:

Charities will lose out especially those that rely heavily on street and shop counter collections.

 

I nearly always use a card but I always feel bad when I buy something for an odd amount and can't put the 'change' in the counter collection boxes which I always used to do.

 

MrsG doesn't have or want a phone no matter how many times I set one up for her she likes to feel in control and cash gives her that feeling.

That's a good point actually, although the retail/financial giants won't give a toss. Now I'm volunteering in a charity shop it's always gratifying when the customer paying by cash says "put change in the box". Usually 5 or 10p. No one paying on a card says "add a bit for your charity".

[Parafox]

1 hour ago, BKLFox said:

What is it with barbers and paying with cash but I can go to Muzzy’s kebab van and pay with my card 🤷‍♂️ 

My bugbear is Chinese takeaways and our local chippy (owned by Chinese). There's none that I use (only 2 or 3) that will accept card payments. I do wonder if it's some sort of tax avoidance scam as cash payments can be hidden.

Not saying it's only Chinese places BTW. Hand car washes never take card payments, in my experience. 

Edited 2 July 2022 by Parafox

[Saxondale]

Cashless yes. Cash is for crims.

[davieG]

11 minutes ago, Parafox said:

That's a good point actually, although the retail/financial giants won't give a toss. Now I'm volunteering in a charity shop it's always gratifying when the customer paying by cash says "put change in the box". Usually 5 or 10p. No one paying on a card says "add a bit for your charity".

Yeah I used to do it all the time especially when buying something that wasn't worth using a card for now I use the card for everything so no loose change on me.

[Parafox]

2 hours ago, SeCrEt FoX said:

I'm pretty much the same. Never carry cash but it's a pain in the arse if I go places like the General hospital where you have to pay for the car park with coin. I always forget until the last minute. Also things like haircuts and sons football subs etc! 

There's many places where you need to pay for parking but they haven't caught up with technology and you end up going elsewhere.

[davieG]

3 minutes ago, Parafox said:

There's many places where you need to pay for parking but they haven't caught up with technology and you end up going elsewhere.

I keep a few coins in the car for this.

[Monk]

For now, banks still have a duty to vulnerable customers and older customers to keep cash in the short term. 
 

But it’s certainly on its way out, atms have a similar demise as phone boxes and landlines. 
 

There will come a point very soon where cash is no longer universally accepted. It will cost small businesses more to keep the necessary float in a till than it would to just turn away cash customers. 
 

Doing away with it would in some respects be sad, but will save the government, banks and private business huge amounts of money and logistical hassle. 
 

stood behind someone on Holland and Barrett the other day they were paying for something under £10 with exact change and jt just felt so archaic watching her dig into her wallet looking  for an extra 2p coin. Time to move on. 

Edited 2 July 2022 by Monk

[Foxdiamond]

I know you can't always keep looking back but. Back in the day when you were paid with cash you quickly saw how much you were paying and that the money was leaving your pocket. Can't help but think cashless makes spending too easy. 

[Royston.]

2 hours ago, Parafox said:

That's a good point actually, although the retail/financial giants won't give a toss. Now I'm volunteering in a charity shop it's always gratifying when the customer paying by cash says "put change in the box". Usually 5 or 10p. No one paying on a card says "add a bit for your charity".

#humblebrag but poundland self service gives you an option to donate.......

[grobyfox1990]

2 hours ago, Unabomber said:

I’m fine with using my card and phone but it does piss me off when places say “we don’t accept cash” it’s ****ing money! You don’t take money?!

Yeh it makes a lot of sense tbf. Cash can be stolen and is expensive to handle and process. Only negative with card only is you have to declare it all 

[Electric Yetis]

2 hours ago, Parafox said:

My bugbear is Chinese takeaways and our local chippy (owned by Chinese). There's none that I use (only 2 or 3) that will accept card payments. I do wonder if it's some sort of tax avoidance scam as cash payments can be hidden.

Not saying it's only Chinese places BTW. Hand car washes never take card payments, in my experience. 

Not had a Chinese in years before last night. Went in with my card and was told cash only. Cash point outside was out of order. Ended up having to drive 10 mins down the road to the nearest working cash point. 🙄

[Soar Fox]

Only problem I’ve had with using my phone to pay with stuff was last August bank holiday. I went out for the day/night buying rounds of drinks probably no more than £20 a round but did it a fare few times. Went to buy another round payment declined tried again declined. In the end a mate paid for it, went to call it a night tried getting an Uber again payment wouldn’t process couldn’t get a taxi home. No cash, no bank card and couldn’t use my phone to pay.
 

Rang the bank the next day and they had blocked my card because of the amount of transactions I had done throughout the day. Ever since I only take cash on a night out now.

[foxes21]

8 hours ago, Dan LCFC said:

Saw what happened there and became immediately sceptical.

 

7 hours ago, Soup said:

It was bonkers and gives a glimpse in to the future of what could happen when certain people have too much power.

 

It's already being discussed how we should spend our own money as well. Oh joy 😂

 

https://mindmatters.ai/2022/02/government-mulls-money-that-can-only-be-spent-on-approved-items/

 

 

 

9 hours ago, Soup said:

Not a good idea at all, give them an inch and they'll take a mile. For instance you may go on a protest or even donate to a cause you believe in and the government might freeze your assets. I doubt that will happen just yet though, oh hold on ... 🇨🇦🇨🇦😂

 

Give the man a gun and he can rob a Bank, but give a man a Bank and he can rob the world.

 

Central Bank Digital Currency (CBDC) is coming worldwide and if we accept it then I fear for our future generations. CBDC will be introduced as an alternative to the inflated, depreciating currencies (in particular the world reserve currency) and everyone will of course jump on it. 

 

Rishi Sunak recently revealed the govts plans to look into CBDC as did Jerome Powell of the federal reserve. Infact most countries around the world are planning to implement CBDC.  

 

Here is why CBDC is a major concern:

 

Central Bank Digital Currency will allow the govt to insert programmable smart contracts through the API into the banking systems digital wallet, to stop you from paying for activities that are deemed 'socially harmful' eg: buying too much oil. I wonder if the elite class will suffer from the same restrictions and be forced to stop flying around in their private jets . The issue here is who gets to deem what is socially harmful? These programmable smart contracts are virtually limitless in terms of control. Oh you were at a protest last weekend the govt don't agree with? Didn't comply with our latest regulation/mandate? Let's just freeze your wallet. Sorry according to our smart contracts you've reached your limit on meat consumption this week, unfortunately we can't process your payment (meanwhile Prince Charles is eating a grass fed steak). Please spend the digital tokens we just transferred to your account within the next 30 days. But only in shops within a 10 mile radius.

 

It's basically the Chinese social credit score system on steroids . There are some positives however, as it would help reduce crime, fraud, create automated money laundering checks, etc. 

 

But ultimately it will be a rule for thee not for me system like no other and whilst we're making all these sacrifices, the CEOs, billionaires, royals, politicians and most powerful amongst us will continue to pollute and do as they please. Meanwhile, we will be at the mercy of this new financial system.

 

The BRIC countries plans to develop a new reserve currency and challenge the US Dollar, will only make this transition to CBDC quicker.

Edited 2 July 2022 by foxes21

[He aint bald]

7 hours ago, Soup said:

It was bonkers and gives a glimpse in to the future of what could happen when certain people have too much power.

 

It's already being discussed how we should spend our own money as well. Oh joy 😂

 

https://mindmatters.ai/2022/02/government-mulls-money-that-can-only-be-spent-on-approved-items/

 

 

Some of that could be implemented nowish if there was a will, as in the China examples but in an intergrated system, shiit, the potential is scary 

 

Probably a cashless society will just trample its way in though, with little thought to things like

 

The tracking and data collection which is already happening.... 

 

Security safeguards, tish and pish, loads will get life savings stolen (happens now where I am with murders and kidnappings to buy time to drain accounts) or more lijely in my case, drunkenly spent.

A ring fenced central account where you transfer into a current virtual fund and set limits, in an actual physical bank like place, might be an idea.

 

Accessability. some might be aware that I dont want to be chained to expensive life style gadgets, simple cards or devices for swiping etc please

 

EDIT  suppose the CDBC thing make make emptying accounts harder if you or the kidnappers are trying to spend it on unhealthy stuff,. Could save Man U in the future though if they pay for a football AI overwatcher?

 

 

 

 

 

Edited 2 July 2022 by He aint bald

[Wolfox]

The fact that we used notes and coins will seem ridiculously antiquated within the next ten years…

 

I barely ever use cash and feel inconvenienced whenever it’s requested…

 

State control?  Get a grip…

[dsr-burnley]

8 hours ago, BKLFox said:

I rate highly, you get an instant receipt when money is taken from your accounts, coupled with the banking app you can freeze your account at the slide of a toggle if you believe someone has access to your account that shouldn’t.

With regards to physical security no different to losing, pick pocketing a wallet possibly safer as phone is usually in a front pocket guarded by 00 & 7 where as wallets tend to be in a back or breast pocket that can be dipped into by a professional without notice.

You can also add all your reward cards to it so no need to carry them all around either & no forgetting them when needed they are always with you.

Physical security is very different between cash and cards/phone. If someone steals £10 notes from my pocket, the amount I can lose is limited to the value of the notes. With the contactless devices now available, I could lose a lot more than that if I lose my phone or cards.