BofE launches cash vs cashless challenge

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As part of a new open forum on the future of money, the Bank of England is challenging Brits to see if they can live for a week either using only cash or not using cash at all.

The BofE says banknotes will remain an “essential form of payment for some time” – just this week, it has invited the public to nominate a scientist to adorn a new £50 note.

However, as card and mobile payments continue to grow in popularity, the bank also wants to engage Brits on what money will be like in the future, launching an online forum that will run until the middle of January.

Central to this is the ‘cash vs cashless challenge’. Brits who usually

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