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No spare change: how charities, buskers and beggars aren’t feeling so festive in our cashless society

On Dec 19, 2020
@cgledhill shared
No spare change: how charities, buskers and beggars aren’t feeling so festive in our #cashless society https://t.co/VA5pB8LldJ #fintech https://t.co/s1aD7tTfV7
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Cash is changing hands less frequently than ever before. In the US, it accounted for 30% of retail purchases in 2020, down from 40% in 2009. In the UK, the change has been even more rapid: only 23% of payments are made in cash, down from 60% in 2009.

www.australiantimes.co.uk
On Dec 19, 2020
@cgledhill shared
No spare change: how charities, buskers and beggars aren’t feeling so festive in our #cashless society https://t.co/VA5pB8LldJ #fintech https://t.co/s1aD7tTfV7
Open

No spare change: how charities, buskers and beggars aren’t feeling so festive in our cashless society

No spare change: how charities, buskers and beggars aren’t feeling so festive in our cashless society

Cash is changing hands less frequently than ever before. In the US, it accounted for 30% of retail purchases in 2020, down from 40% in 2009. In the UK, the change has been even more rapid: ...

Nationwide Building Society uses contactless smart window to raise funds for homeless

Nationwide Building Society uses contactless smart window to raise funds for homeless

Nationwide Building Society in the U.K. has deployed contactless payment technology to help raise money to fight homelessness. NBS, the U.K.

Eight in 10 Britons rely on cash for everyday payments, report finds

Eight in 10 Britons rely on cash for everyday payments, report finds

Study says 97% of population carry coins or notes after report warned of cash’s demise

A cashless society is dangerously disruptive for the poor, elderly, and homeless

A cashless society is dangerously disruptive for the poor, elderly, and homeless

As digital payments catch on, organizations are testing ways to look out for those left behind.

No cash, no cards: paying by phone rules in China’s cultural revolution

No cash, no cards: paying by phone rules in China’s cultural revolution

Farmers from out of town arrive at the fruit and veg market in Henan Province, China, pulling in their wares on a donkey cart. Around the animals’ necks hang QR codes, which shoppers scan ...

Bitcoin Daily: Austria Backs Pandemic-Related Blockchain Initiative; Ride-Hailing App Ryde Will Enable Bitcoin Payments

Bitcoin Daily: Austria Backs Pandemic-Related Blockchain Initiative; Ride-Hailing App Ryde Will Enable Bitcoin Payments

The government of Austria is backing the creation of a pandemic-related app based on the blockchain and provided a grant of $67,600 to the QualiSig program.

How the U.K.’s homeless are benefiting from contactless payments

How the U.K.’s homeless are benefiting from contactless payments

Even the homeless are getting on board with contactless payments, through a new U.K. wide initiative between Swedish payments company iZettle and the Big Issue Foundation, which enables ...

Will QR codes wipe out cash and cards?

Will QR codes wipe out cash and cards?

There’s been an interesting but hidden trend taking place. It started in China with Tencent and Alipay and has now gone global. The phenomenon is called QR codes. QR, or Quick Response if ...

How China got a head start in fintech, and why the West won’t catch up

How China got a head start in fintech, and why the West won’t catch up

Payment apps like Alipay and WeChat transformed daily life in China. The West won’t see a similar payments revolution—and that might even be a good thing.

Covid-19 is worsening homelessness and housing insecurity. Here's how you can help

Covid-19 is worsening homelessness and housing insecurity. Here's how you can help

World Homeless Day is October 10, and now more than ever, those experiencing homelessness need to be protected from a two-pronged threat -- Covid-19 and cold weather.