The number of financial transactions involving coins and bank notes is on the decline in the United Kingdom but questions are being raised regarding if the government should take steps to ensure individuals needing to transact in cash will still be able to do so in the near future.
About 13 percent of what Britain calls free-to-use cash points have closed within the past year. Free-to-use cash points are various forms of Automated Cash Machines or ATMs
Category Archives: digital
Whoever Figures Out Computerized Grading Will Be the Steve Jobs of Numismatics
Is the numismatic world ready for computerized grading?
For the past three decades we’ve relied on the opinions of others to evaluate and authenticate our coins. Are we ready to turn away from human opinions in favor of computer analytics? Most people don’t even like change—let alone embrace it—so I’d like to remind you of the baggage that comes along with human grading
Why Governments and Banks Want to Eliminate Cash
This article was slightly revised at 11:07 a.m
Why Governments and Banks Want to Eliminate Cash
In this commentary prepared for RCW Financial, economist Dr. Scott Sumner explains why governments and banks are eager to discourage the use of cash, and the resulting potential loss of anonymity and future negative interest rates