Britain Develops a Lead in Scrapping Cash in Everyday Payments
- YouGov says most people reluctant to go fully digital
- UK citizens are less inclined to buy crypto currency assets
A clothing rack on a market stall in Barking, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Britain is taking the lead among major developed economies in moving away from cash in everyday payments, but more than two-thirds of people surveyed remain reluctant to go fully digital.
That’s the conclusion of a survey by YouGov Plc for Bloomberg, which showed 57% of people in the UK rarely or never use cash in transactions. Even so, more than two-thirds of Britons don’t want to lose access to cash altogether.