Would you prefer to live in a cashless society? With around 52% of transactions in the UK now cashless payments, are we getting closer to a cashless society? The use of bank notes can be traced back to 7th century China, where merchants used them to avoid carrying copper coins in large transactions. Over in England, we didn't jump on the bandwagon until 1694 when we desperately needed cash to bankroll King William III's war against France. Citizens were encouraged to exchange deposits for hand-written notes that promised to pay the bearer the sum of the note on demand. History lesson over! Fast forward to 2016 and we're edging ever closer to a totally cashless society. But what will it mean for us? Are we stepping further in the direction of a Big Brother society by doing so? The infographic below highlights how quickly we are snowballing towards a cashless world.

Is A Cashless Society Reality Or Just Science Fiction?

Would you prefer to live in a cashless society? With around 52% of transactions in the UK now cashless payments, are we getting closer to a cashless society? The use of bank notes can be traced back to 7th century China, where merchants used them to avoid carrying copper coins in large transactions. Over in England, we didn’t jump on the…

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