Shops 'to stop accepting cash in just SEVEN years'
The report found that people in poverty will be hardest hit by a decline in cashEIGHT million adults - who make up 17 per cent of the UK's population - would struggle to cope in a cashless society, a new report has found.
A further 2 per cent said physical or mental health issues make it hard to use digital services, while 4 per cent use cash as they rely on others to buy things for them.There were 13.2billion debit card payments in 2017, up 14 per cent from 2016There were still 13billion cash payments in 2017The review says the cash system is "on the verge of collapse" with bank branch and ATM closures just the "tip of the iceberg".
Natalie Ceeney, independent chair of the review said: “If we want to protect cash, we need to innovate, not preserve the past.
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