EconomyUK Cash Hoarding Shows the World Still Wants Permissionless Money
Cash accounted for only 8% of UK payments in 2025, down from 58% in 2009, yet the value of banknotes on the Bank of England’s balance sheet nearly doubled to £99 billion. The article argues that people still value cash as an immediately usable fallback when digital payments fail, while also offering greater privacy and independence from financial institutions.
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CryptoSlate★★☆☆☆2026-09-26 11:05Original
UK Cash Hoarding Shows the World Still Wants Permissionless Money
Economy