Could cash go out of fashion?

credit cardsFor years there has been talk about becoming a 'cashless society' where physical money such as coins and banknotes no longer exist. The idea is that we will pay for everything using our mobile phones or some other similar device..

Have a look at this short video clip

  • Do you think this could work?
  • What might be the benefits for customers, retailers and the finance industry?
  • What problems might we encounter if we got rid of all the cash?
  • What if your mobile phone got stolen?
  • Would you like to see a world with cash or without?

Post your views by clicking on the button.  All sensible comments will be added.

COMMENTS FOR COMMENTS AGAINST
I luv my credit card, cus i can buy lots of presents for my gf loz, whos in a different country xXxXx
DJWHALE
I THINK ITS A GREAT IDIA LOL XX
BUL
Keep the cash! Cash is a moral boost to most people, seeing a pile of money in their hands, its more satisfying that swiping a card through a machine!
Cheese Grater
I THINK CASH SHOULD GO, INTERWEBS MONEY IS THE WAY TO GO. IT WILL BE SO COOL MAN. add my world of warcraft acc, just ask
billy
i reckon i dont know lol dunno at this is on aboot hi rubix!
emily.x.x.x
forget the money, do the competition on this site
im funny
Ostensibly; Money is better than credit cards, however it could be seen that credit cards would be better than money. I love plastic money XXXXxxXXXX
Xnathan 4 calum for eva babesX
i think that it is very helpfull for us, as we no what will happen in the futre! (long live ur mam!)
bagster
Gd ideaz bt probably wnt work. ur a neek if u aint got a phone so quit complainin.
cj
Yes i believe that money may indeed go out of fashion because in our modern day society people are looking at fast and reliable wasy of using money and thats what credit cards do it also has more security and reduces the chance of someone getting conned through fake money etc...
Mr Jellybean
i mean credit cards are so much better than having cash. if you got 'robbed' as you lot say and took your card then they wouldnt know the details of your card.
Bombia&Dribbler
that is a good idea caz you can always louse ur card and your phone is always on you so when you need the cash you phones is there to help!
mad meg
i think credit cards are great i buy all my clothes with mine
legend
I have a credit card which i buy lots of shoes with. Its fantastic, says my bro xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Tomdeecoop
umm isn't that just like having a credit card?
banana head
What a cool idea cos you wouldnt find yourself running out of change all the time, much easier to just swipe your phone
I am da man
I think cash will never go out of fashion.. without it it would be pretty hard to just buy things. especialy just off your mates ect. ;D
tom
Megan and Amy think that its a good idea, but we prefer the current system where yuo have the choice of cash or card, then every one is happy! So we are AGAINST!
Megamy
DO NOT WATE THE CARDS ITS A STUPID IDIA AND I THINK MONEY IS BETTER U NEAKS OUT THERE
BULLY
dis is super stupid man, enit
plip plop
seriously what would you do if your payment thingy was stolen? and you didnt have cash then you would have to take out loans and get in debt bad idea man seriously
Ginger
I believe cash is still the best method of trading for the public, it is easy to use and is very is great for buying stuff.
Debbie
stupid idea!
jacko
In reply to 'matt b', you have the choice whether or not you can submit your personal details and pictures, how can this hardly effect you in anyway? If you don't like the idea of this then don't bother registering in the first place! DUH
n/a
No!
eleanor + matt
Cash is ghetto No I am da man
no i am da man
cash is nice, i think it wouldnt go out of fashion :)
abby
It would be interesting, to an extent, but the possible downfall also poses a risk. Besides, Credit Cards/Debit Cards are just representations of Money, and when you buy something, you are actually giving money you never had, so to speak. For example, unless you actually have the money in your pocket, you do not own that money. Thus the government may choose to withdraw that money, leaving you out of pocket, and hey presto, another credit crunch
Zer0x
I think money is more common and this can not be replaced with debit cards. Why cards or mobile phones. Firstly people may not even have mobile phones and it would be alot of hassle with mobiles or cards. If your card gets stolen then its another problem so i think money's the best way round it and this should not change
was
I like money. Not cards ! X
The Draupcmeister
If you lose your phone, you lose your money with it. That's a lot to lose, especially if somebody finds out the password to your phone/credit card. LONG LIVE DA MONEEEZ.
CallumCeeArr
Don't be so daft, corse cash is fashionable and its a real babe magnet, I love money! Moolah will be cool forever more, and don't you deny it. Anyway this is an ecumenical matter and I'mon the dole
George the Cop
I think it is bad Love the feeling of money Over plastic cards Very cool idea though Every one will have to get used to it Me however doesn't like it Every nearly has it now Nevermind
gareth
I think that cash is very trendy and probs wont go oot of fashion x
Andrew T
credit cards are great but u cud for get a password n if the password n the card wer together it cud mean u lose all ur money. but if u hav cash n sumone robs u, u wont losse loads of money coz u wont carry £100 cash on u
ali
I think the Cash would remain and make universal currency to have a base rate. If we changed to credit cards there would be more frauds commited.
bryan
i think that money should live on, credit cards can so easily be clonedstolen stolen. i do see the down side of carrying loads of cash around but so many things can go wrong with a credit card
enter_name_here
i think that credit cards are good in the short term but in the long term their rubbish as they require u to pay them off. also i think cash is good as its existed for hundreds of years and it makes you look like u got a lot of money.
ALFRED CORBIN
But actually having some cash in hand makes you feel much richer than you actually are! :P
Ahoy hoy
I think that ID cards will have a part to play in this cashless society. That would mean that the government could then monitor all that you spend as well as everything else about you.
gritso
It cud mean dat peeps cud attack u bcoz they no 2 much abt u.
Gareth 4 Julian 4eva
What if you lose your card? Does this mean you won't have any m= oney until you get a new one?
Tasha
wat if sum1 nicks ur fone? u r gonna lose a lotta money then cos dey culd spend all ur money on it
levelhead
It will never happen - what if you don't have a mobile phone, not everyone has one. How would you pay for things then?
Emmzie

 

 

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