Biometric Update: Is the UK ready to go cashless?
With the UK’s free-to-use ATMs rapidly disappearing and our use of debit cards now outstripping our use of cash, some argue that as a nation we are ready to go cashless. We are not the first nation to reach this point. In Sweden, four out of five purchases are made electronically and the country’s central bank, the Riksbanken, estimates that cash in circulation will decline by 20–50% between 2012 and 2020. So, are we ready to go completely cashless?