https://greatgameindia.com/you-wont-be-able-to-spend-physical-cash-in-near-future-bank-of-england/
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.
Sir Jon Cunliffe said that it will become harder to spend physical money in coming years owing to the rise of online shopping and contactless payments.
He added that 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.