Wednesday, 24 January 2018

NDM 31

'People just don't carry cash nowadays': how Britons are adapting to cashless - The Guardian 

Cashless payment machine

The article talks of cash and how as it becomes  less prominent in the UK, a range of businesses, charities and cash-dependent social groups are figuring out ways to adapt to this new changes coming from it.
  • "The transaction costs for credit cards are the worst: it’s 2.5%, but even debit cards aren’t free and would mean that we would lose all profit..."
  • "There are buskers who set up PayPal accounts and have QR codes (a contactless payment method scanned by smartphones using a downloadable app) but that’s all a bit hi-tech for me."
  • "I’ve been a street performer for 40 years and although our artistic community has been discussing the impact of the “cashless society” for the last five years"
  • "We are considering moving to a system that needs an internet connection for card payments. "
I think with this information where the article talks of different people in jobs where they have decided on to make their payment method cashless finding it more of a necessity as the times are changing as more people are coming into shops with credit/debit cards.
This same statement was being made with each person; "people aren't just carrying money these days", which for me reflects the decline in newspapers. The reason because as the society changes so does different mediums or in this case money.


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