Armoured vehicles for transporting cash may be coming to the end of the road
By Judy Evans
@JudyEv (340216)
Rockingham, Australia
July 8, 2024 12:36am CST
The photo has little to do with the discussion. Herc has his head in his roll of hay just like some people have their heads in the sand when it comes to computers.
I read a discussion about how cheque-books are virtually obsolete nowadays. There is talk in Australia about phasing out cash transactions. I know a sign at our doctor’s practice says card payments are preferred.
However, what I wanted to say is that a company which supplies armoured vehicles to transport cash to and from various companies, banks, etc was going into receivership because so many businesses no longer require their services. For the moment, the government is giving the company a grant to allow it to continue but it seems the writing is on the wall that maybe sometimes within the foreseeable future, cash will be phased out.
I can see myself having enough trouble coping without cash but feel for those elderly people who are even less familiar with computers and online payments than I am.
22 people like this
20 responses
@LadyDuck (471459)
• Switzerland
8 Jul
Switzerland had the same project, the population voted against. Last week, all the credit card machines were NOT functioning. At the stores we were asked to pay cash, the ATM did not work and those who thought that only use a credit card was a good idea came back home without grocery.
I hope the authorities use their brain before taking decisions. A major black out may happen in the near future.
3 people like this
@Marilynda1225 (82789)
• United States
8 Jul
A black out and everything comes to a screeching halt. We depend on so many things that require power and internet.
2 people like this
@moffittjc (121604)
• Gainesville, Florida
8 Jul
Wow, there’s something people don’t think about every day. If there’s no cash left, then no need to transport it.
Although I am comfortable with technology and cashless forms of payment, I still believe cash is king. All it takes is one massive blackout and people will be frantic about not being able to buy anything.
2 people like this
@moffittjc (121604)
• Gainesville, Florida
9 Jul
@JudyEv We as humans are very shortsighted, so I don’t have faith in anyone’s ability to think things through before making such a profound decision. Nobody thinks about the long-term implications of rash decisions made today.
1 person likes this
@JudyEv (340216)
• Rockingham, Australia
10 Jul
@moffittjc Our government has had to backtrack a time or two or eat their words through making decisions without giving them enough thought.
1 person likes this
@rsa101 (38166)
• Philippines
8 Jul
I have not yet witnessed such a scenario in my area, but because many transactions can now be completed online, physical cash/money transfers are becoming less common as more people prefer to do so online. Aside from physical cash, there are numerous payment options available today.
1 person likes this
@rsa101 (38166)
• Philippines
10 Jul
@JudyEv In my experience, traditional cash transactions are still very popular, even though other payment options are quickly gaining traction. This is especially true in public markets, where cash payments are the only accepted form of payment.
1 person likes this
@ptrikha_2 (46968)
• India
11 Jul
While there are challenges with too much cash usage, Cashless system totally is going to be even more challenging.
Yes, to those in old age and who are not willing or comfortable with digital means is not easy.
My father and aunt who are above 80 years can use ATMs and Debit cards but not keen on Apps for Cab Booking or Online Payment.
Safety and not an easy way to use are the biggest hindrances.
While there are 70 + and even 80+ folks using Digital Payments and Cards, we cannot expect everyone to do so.
So a balance is needed.
But yes, one can insist on Cashless Mode for payments beyond a threshold.
May be 20K units of currency?
1 person likes this
@ptrikha_2 (46968)
• India
12 Jul
@JudyEv
Plus two systems can ensure that one acts as a backup of the other plus the consumer gets a choice as well.
1 person likes this
@allknowing (136541)
• India
8 Jul
Digital payments are slowly catching up here in India as well but I like cash transactons for small payments.
1 person likes this
@allknowing (136541)
• India
9 Jul
@JudyEv When the maid does the shoping at local stores they need cash
1 person likes this
@JudyEv (340216)
• Rockingham, Australia
9 Jul
@allknowing I can't see cash being phased out for a few years yet.
1 person likes this
@Marilynda1225 (82789)
• United States
8 Jul
I recently saw that Target is doing to stop accepting checks as payment. I don't know if that means you can't pay by check if you have their credit card or if it means they will no longer be accepting checks as payment for purchases at the store.
I know I still send out a few checks here and there but I guess I never thought that checks would become obsolete. It's also hard to think about cash being phased out too
1 person likes this
@Marilynda1225 (82789)
• United States
9 Jul
@JudyEv I guess I can see checks becoming obsolete but not cash. We definitely need an alternative way of paying for things.
1 person likes this
@JudyEv (340216)
• Rockingham, Australia
9 Jul
@Marilynda1225 We use cash in the village for raffles and to pay for the events we have. It would be very awkward without cash.
@snowy22315 (180839)
• United States
8 Jul
I never thought about how a cashless socieity would effect armored vehicles. Something to think about. Anyway, you are right about older people sometimes burying their head in the sand when it comes to computers. Thank goodness my mother isn't one of them. She pays everything online, does everything online and needs no real help. They only thing she ever needs help with is stopping Amazon music. I had it stopped for awhile,but now they are billing her again.
1 person likes this
@snowy22315 (180839)
• United States
8 Jul
@JudyEv She worked on a computerized register in a department store for several years in her sixties and early 70's so she felt comfortable with the tech.
1 person likes this
@annierose (21583)
• Philippines
8 Jul
It's true, the shift away from cash and towards digital payments is becoming more pronounced. It's a sign of the times when even armoured vehicle companies are feeling the pinch. Adapting can be tough, especially for those less familiar with computers.
1 person likes this
@annierose (21583)
• Philippines
8 Jul
@JudyEv I agree, Judy! It's definitely a big change for many. It's great to hear that you're comfortable with computers. For those who aren't, it's wonderful when family or community programs can help them out.
1 person likes this
@FourWalls (68100)
• United States
9 Jul
I don’t know how I feel about this. I love not having to deal with our incompetent mail service. On the other hand, there are many businesses in America, especially smaller ones, who give a discount for cash (or charge a fee for credit cards, depending on how you look at it).
1 person likes this
@FourWalls (68100)
• United States
9 Jul
@JudyEv — the Hemingway House in Key West is cash only. That’s very well-known, though, so I wouldn’t think anyone would show up without five bucks for the admission charge.
1 person likes this
@wolfgirl569 (106397)
• Marion, Ohio
8 Jul
It would really hurt the Amish here as they use cash or check only.
1 person likes this
@wolfgirl569 (106397)
• Marion, Ohio
8 Jul
@JudyEv Plus going out to yard sales would be a pain. I don't trust everyone to run my debit or credit card.
1 person likes this
@JudyEv (340216)
• Rockingham, Australia
11 Jul
That is my pet sheep, Hercules. He started eating the hay from the middle of the roll and was making a bigger and bigger hole in it.
@LindaOHio (178877)
• United States
8 Jul
I love the photo. I suppose the world is moving that way to more reliance on technology. Have a good week.
1 person likes this
@Beestring (14563)
• Hong Kong
8 Jul
From my observation, there are still some people who use cash to make purchases. But most people use digital wallets and credit cards. I myself seldom use cash now.
1 person likes this
@GardenGerty (160696)
• United States
8 Jul
That scares me, because if the internet went down we would all be in a world of hurt. Some of us are actually trying to do MORE cash transactions. I can see how the armored car business would be impacted, though.
1 person likes this
@JudyEv (340216)
• Rockingham, Australia
9 Jul
We don't use cash a lot but I certainly wouldn't want to see it phased out.
@LeaPea2417 (37355)
• Toccoa, Georgia
8 Jul
I pray cash is never completely phased out here.
1 person likes this
@Juliaacv (51015)
• Canada
8 Jul
I think that things will return to the way it was always intended to be.
Go to the bank for cash, no paying for a purchase as well as asking for a cash withdrawal at the same time while at the grocery store. I did this last Saturday, and literally had to wait almost 10 minutes for a staff member to walk the cash from the office as the cashier's floats no longer carry much of it. I should mention that we were there early in the morning and there had not been alot of customers cash out at that time, and those that had obviously did it electronically. No need for the armoured trucks to drop off cash at that grocery store. A little stash at home in case systems decide to crash for a short time is enough for me.
1 person likes this
@RasmaSandra (79892)
• Daytona Beach, Florida
8 Jul
That is an adorable photo and memory of Herc, I do all my shopping online now and always use my debit card even when I go out,
1 person likes this
@HaruLoid (1588)
• Philippines
8 Jul
I'm sure physical cash won't phase out. If that happens, that is not only inconsiderate to various sectors of the community like the elderly but also an anti-poverty move.
Those who are in poverty cannot afford themselves or will be having great difficulty in acquiring digital cash or ATM Cards.
1 person likes this
