Digital Euro

What difference does it make? Most people use their phone or bank card already. I've not used "real" money for years. 😎

I  think  you  might be on  lower  percentage  of  people  who have not used cash. I  and  many of  my friends  prefer  Cash. Not  everyone  has  good Internet  access  or even  good knowledge  of how online  Banking  works. Yes  the Banks  are trying  to March us all in to Cashless.  How  many Traders in Playa Flamenca  will  be using  Online  Banking.  Some  excitement  when you purchase  an item for 5 euros  then trying to  get  his Bank  details  or if they have Debit card  facilities. 🤔 

That  my and many of my friends  opinion 

Cash  is  King 🤴 🙌 

Every transaction which is not in cash is already by definition 'digital' and the question about keeping money on a phone suggests a flawed  understanding of how digital/phone banking works! 

I think by qualifying money as "real" what Kenneth meant is 'significant amounts' and not paying your Playa Flemenca trader for a €5 item.

Maybe  true. But  what  percentage  of transactions  are   done for  small  amount.  I  have  no  doubt  the Banking   organisation  push  for a Cashless  society   but  in  my  view  it  a  long long way  off

It’s inevitable and many years ago I read an article re Norway which has apparently implemented a very similar system with positive results. Yes, for the moment it’s necessary to keep cash for certain demographics, but this will naturally disappear. Cash is expensive to handle, prone to human error, heavy to transport and in many ways, a nuisance. As are cheques, which, when we ran a business in UK, used to fill me with loathing when Clients wanted to pay us with a piece of paper with writing on it instead of just paying us through the bank. It meant I had to drive to the town, park, go to the bank clutching the paper, stand in a queue for the machine or a cashier and in general, waste my time.

I'm old school. Cash is still my preferred way of paying for anything less than around €1000.

When the Greek economy went tits up the people could only withdraw about €25 a day of THEIR OWN MONEY....... the poly-ticks ("poly" meaning many and "ticks" meaning blood sucking parasites) controlled the rest. 

Never trust ANY institution or ANY government with your liquid assets, do so at your peril.

So you keep your money hidden in a sock under the mattress?

This is to do with the demise of cash everywhere. UK was ahead of the EU in proposing this as is the US. UK it seems everything is paid for by card or the phone, even a cup of coffee or the daily newspaper. Even the beggars on the street now have cash machines. Lots of places for parking are by phone only and you need a different app everywhere you go. Even cards are disappearing for that sort of thing.

I do like paying for small things with cash, such as a coffee and cake or a packet of screws from the DIY shop or some flowers from the garden centre. Some bars and restaurants in UK now have signs up saying card only, no cash accepted.

I don't mind using the card to pay for things but not downloading apps to pay for things on the phone, thank you. Far too easy to access for the clever clogs who do that sort of thing.

I'll still carry cash for little things but the day will come when it will all be digital. Let's hope the people who ran the UK air traffic control don't start running the financial services. 

According to this morning’s paper, the ATC collapse may have been the result of Air France inputting incorrect info! So not entstandard UK incompetence for once!!