'Cash will continue to be a universal form of payment', says Cardtronics M.D.

calendar iconAug 1, 2018


Letters from Cardtronics Managing Director and observer Hilary Chivall reiterate the importance of having a payment form that does not rely on electricity in a recent article titled, Cashless future far from certain on The Guardian

Excerpts from Tim Halford's letter to The Guardian (22 July 2018)

...Your article argues that Washington DC’s move to make it illegal not to accept cash will protect the 10% of its citizens who remain unbanked. This issue isn’t US specific. The UK has 1.5 million unbanked citizens, who rely on cash payments to partake in society. Reports show that cash is still one of our favourite payment methods, with many using it as a budgeting tool.

'Moving towards cashless payments would devastate the livelihoods of our most vulnerable, and go against the preferences of UK consumers.'
"Tim HalfordManaging director, UK & Ireland, CardtronicsLetters from The Guardian (22 July 2018)

...Cash will continue to be a universal form of payment, independent of power supply or internet connections.

Read the full letter here

Which one of these is not considered one of the three essential functions of money?

Last Updated: Aug 1, 2018