Between 5 and 10 percent of Campbell’s income now comes from people tapping bank cards on her reader.
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For centuries, London has sustained a street-level economy where performers and vendors make a living from the spare change of strangers – but they are being forced to adapt as cash falls out of fashion.It's a rising trend: A report from the British Treasury earlier this year revealed that cash accounted for 40 percent of all domestic payments by volume in 2016, down from 62 percent in 2006 ."There's the surveillance element, that you can be watched; there's the financial exclusion element, that you might be excluded from the system; and then there's a whole cybersecurity question," he told AFP in an interview. He said banks, card companies, government departments and financial technology firms have all been engaged in a two-decade long "cold war against cash," attempting to convince the public that coins and notes are just an unwieldy inconvenience.
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