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Digital Currency


 

I was just reading about possible plans here in the UK for a digital currency and saw that Australia, among others, was piloting the idea. Has this come your way at all, Jude? Are there any visitble effects, so far? It¡¯s OK for those with computing capabilities but could even mean starvation for some who can¡¯t cope.
Best,
Susan


 

Cash has almost disappeared here. Some of us are fighting back but seemingly to no avail.

Some banks no longer will hand out cash over the counter - but instead point people to the hole in the wall flexitellers and too bad if the machine is out of action (which it was while we were there).

Some banks already won¡¯t do over the counter cheques.

Last Thursday we went to shift money (only $4000 a day limit electronically a pain) - so we consolidated accounts into one lump electronically over the web at home in preparation ¡­ we think moving large amounts risky over the internet - took us an hour to get a cheque to walk to another bank. We walked to the other bank only to find the premises with iron gate rolled down in front of where tellers should operate! We got told problems with the electronics.

The woman designated to handle customers out front asked what we wanted and I said to bank money and she asked how much! I said north of $1m and she looked at me rather blank and then gathered herself and asked if we had a cheque and at that point it all came to a halt. They had no people to deal.

We waited five minutes and no action so I stood up and walked .. husband followed and we drove to another branch where we got sorted smartly no questions asked.

An older Chinese woman queuing still had a passbook and she got sent by bank woman to the Post Office!!

They want everyone to flash plastic and then you cop a fee. Some shops/cafes are offering discount for cash (or they throw in half a dozen scones at the bakery).

I don¡¯t do internet banking. I have been resisting. Not that I¡¯m not capable of grasping the concept but I don¡¯t like the way things are going for various reasons - and there are lots of people on (sometimes unreliable) adsl2+ (no fast internet where we live).

A lot of older people have not grasped computers or the internet of things - I¡¯m not one of them - but I can see the difficulties.

Jude

On 3 Dec 2023, at 23:44, Purler <susan.platter@...> wrote:

?I was just reading about possible plans here in the UK for a digital currency and saw that Australia, among others, was piloting the idea. Has this come your way at all, Jude? Are there any visitble effects, so far? It¡¯s OK for those with computing capabilities but could even mean starvation for some who can¡¯t cope.
Best,
Susan





 

That sounds bad, Jude.

We still have cash in the UK, but it¡¯s becoming slowly more difficult to use. There are many towns without bank branches and the Post Office has taken over, but most of those are small and the queues become longer and longer.

Chris

On 3 Dec 2023, at 20:25, Judith Hall <glenidol@...> wrote:

Cash has almost disappeared here. Some of us are fighting back but seemingly to no avail.

Some banks no longer will hand out cash over the counter - but instead point people to the hole in the wall flexitellers and too bad if the machine is out of action (which it was while we were there).

Some banks already won¡¯t do over the counter cheques.

Last Thursday we went to shift money (only $4000 a day limit electronically a pain) - so we consolidated accounts into one lump electronically over the web at home in preparation ¡­ we think moving large amounts risky over the internet - took us an hour to get a cheque to walk to another bank. We walked to the other bank only to find the premises with iron gate rolled down in front of where tellers should operate! We got told problems with the electronics.

The woman designated to handle customers out front asked what we wanted and I said to bank money and she asked how much! I said north of $1m and she looked at me rather blank and then gathered herself and asked if we had a cheque and at that point it all came to a halt. They had no people to deal.

We waited five minutes and no action so I stood up and walked .. husband followed and we drove to another branch where we got sorted smartly no questions asked.

An older Chinese woman queuing still had a passbook and she got sent by bank woman to the Post Office!!

They want everyone to flash plastic and then you cop a fee. Some shops/cafes are offering discount for cash (or they throw in half a dozen scones at the bakery).

I don¡¯t do internet banking. I have been resisting. Not that I¡¯m not capable of grasping the concept but I don¡¯t like the way things are going for various reasons - and there are lots of people on (sometimes unreliable) adsl2+ (no fast internet where we live).

A lot of older people have not grasped computers or the internet of things - I¡¯m not one of them - but I can see the difficulties.

Jude
On 3 Dec 2023, at 23:44, Purler <susan.platter@...> wrote:

?I was just reading about possible plans here in the UK for a digital currency and saw that Australia, among others, was piloting the idea. Has this come your way at all, Jude? Are there any visitble effects, so far? It¡¯s OK for those with computing capabilities but could even mean starvation for some who can¡¯t cope.
Best,
Susan









 

Banks here are doing various annoying things¡­.. closing branches¡­. no cash over the counter only machine in the wall, and the latest is no cheques any more
I think a tin in the garden is going to be the go to in the end.


:-) Jude

On 5 Dec 2023, at 3:25 am, zuiko <ftog@...> wrote:

That sounds bad, Jude.

We still have cash in the UK, but it¡¯s becoming slowly more difficult to use. There are many towns without bank branches and the Post Office has taken over, but most of those are small and the queues become longer and longer.

Chris

On 3 Dec 2023, at 20:25, Judith Hall <glenidol@...> wrote:

Cash has almost disappeared here. Some of us are fighting back but seemingly to no avail.

Some banks no longer will hand out cash over the counter - but instead point people to the hole in the wall flexitellers and too bad if the machine is out of action (which it was while we were there).

Some banks already won¡¯t do over the counter cheques.

Last Thursday we went to shift money (only $4000 a day limit electronically a pain) - so we consolidated accounts into one lump electronically over the web at home in preparation ¡­ we think moving large amounts risky over the internet - took us an hour to get a cheque to walk to another bank. We walked to the other bank only to find the premises with iron gate rolled down in front of where tellers should operate! We got told problems with the electronics.

The woman designated to handle customers out front asked what we wanted and I said to bank money and she asked how much! I said north of $1m and she looked at me rather blank and then gathered herself and asked if we had a cheque and at that point it all came to a halt. They had no people to deal.

We waited five minutes and no action so I stood up and walked .. husband followed and we drove to another branch where we got sorted smartly no questions asked.

An older Chinese woman queuing still had a passbook and she got sent by bank woman to the Post Office!!

They want everyone to flash plastic and then you cop a fee. Some shops/cafes are offering discount for cash (or they throw in half a dozen scones at the bakery).

I don¡¯t do internet banking. I have been resisting. Not that I¡¯m not capable of grasping the concept but I don¡¯t like the way things are going for various reasons - and there are lots of people on (sometimes unreliable) adsl2+ (no fast internet where we live).

A lot of older people have not grasped computers or the internet of things - I¡¯m not one of them - but I can see the difficulties.

Jude
On 3 Dec 2023, at 23:44, Purler <susan.platter@...> wrote:

?I was just reading about possible plans here in the UK for a digital currency and saw that Australia, among others, was piloting the idea. Has this come your way at all, Jude? Are there any visitble effects, so far? It¡¯s OK for those with computing capabilities but could even mean starvation for some who can¡¯t cope.
Best,
Susan