Award-winning journalist Iona Bain, a specialist in young finances, has explained why ‘we would all be poorer if cash is abolished’ and urges people to remember ‘real money isn’t prey to cyberattack.’
Writing for British news website inews.co.uk, Bain opens by saying she believes the financial industry has used the pandemic as a convenient way of suppressing cash and pushing people towards new, cashless financial technologies that have more money-making potential for the industry.
She notes the UK Government has discouraged businesses from accepting cash despite the Bank of England proving the risk of contracting COVID-19 from banknotes was low and confirming cash is safe to use.
