Cash dying out as we switch to electronics
One in three Britons carry less than £5 in cash – while one in 20 never carry any, a study revealed yesterday. Reliance on credit and debit cards and the increase in online shopping means we now use cash to pay for less than a third of purchases. The study also found more than one in five think physical cash will disappear over the next 20 years.
More than one in ten told the survey for online payment service Skrill they would happily give up cash.
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