Cash Comeback: A Decade-High Surge as Britons Battle Soaring Prices!
In a stunning twist, cash payments surged for the first time in ten years as Britons grappled with skyrocketing costs. Yet, the mighty debit card reigns supreme, commanding half of all transactions and hitting a record high.
As wallets tighten, cash is crowned the people's choice for budgeting. UK Finance reveals a fascinating shift: while nearly 22 million people sparingly touched cash, less than a million swore by it. Debit cards, beloved for their contactless convenience, saw a monumental rise, fueled by the new hybrid work era and a sharp decline in season ticket sales.
Bombshell report: Going Cashless Has Turned Sweden Into a High-Crime Nation
Ellen Bagley, a 20-year-old from Linkoping, Sweden, fell victim to fraud shortly after making her first sale on a second-hand clothing app. She received a message asking her to verify her details, which led her to use BankID, a digital authorization system. Despite some error messages, it was too late by the time she realized something was wrong—over 10,000 Swedish kronor ($1,000) had been stolen from her account.
