The Positive Money team are hosting a launch event and reception for our new paper on the future of cash, and you’re invited!
The Future of Cash
Tuesday 20th March, 6 – 8pm, including drinks reception
Doors open at 5.30pm
One Great George Street, Westminster, London SW1P 3AA
To register to come to this free event, please click here
Positive Money’s Head of Policy David Clarke will introduce the report, with responses from a panel featuring Catherine West MP and Carl Packman, Research and Good Practice Manager at Toynbee Hall. The discussion will be chaired by Elizabeth Anderson, Business Editor of the i newspaper. It will close around 7.15pm, with a drinks reception afterwards.
The report advocates that:
– the Bank of England should introduce a digital version of cash, “Britcoin”, because people should not have to rely on commercial banks to make electronic payments.
– the Payment Systems Regulator should protect people’s access to physical cash, which is increasingly under threat.
Please click here to register to come to this free event
The ability to make payments is fundamental to any individuals’ participation in the economy. Cash is still relied upon by 2.7 million people, including many people on low incomes, elderly people and people with ill health. But with new changes to the LINK cash machine network and more and more bank branch closures, our ability to access cash is increasingly at risk.
Unless policymakers act soon, millions of people could struggle to manage their money and pay for the things they need. Our new paper argues that fair and low-cost access to payments should be recognised as a universal need, like water or electricity.
It calls for the Payment Systems Regulator to be given a specific job of protecting cash access, and that instead of allowing cryptocurrencies like Bitcoin, the government should work with the Bank of England to introduce “Britcoin” – a digital version of pound sterling.
Please click here to register to come to Positive Money’s Future of Cash report launch
We hope to see you on Tuesday 20th!
Simon, David, Rachel and the rest of the Positive Money team