Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Cash is to become “less useable” as shoppers embrace the internet and high street stores increasingly reject bank notes, the deputy governor of the Bank of England has warned.
- it is therefore essential for Threadneedle Street to press ahead with developing an electronic version of sterling – the so-called digital pound – which can underpin future confidence in the financial system
- Card payments took over cash as the most dominant form of payment for retail in 2016. By 2021, 85pc of payments were made electronically, through either card payments or bank transfers.
- Nine in 10 people use contactless payments and nearly a third of all UK adults now use mobile payment apps such as ApplePay and GooglePay.
- It is now commonplace for stores in major cities to be cashless.
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