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How can banks be cash-free?

Published 28/12/2011

Cash-free banks may be an absurdity, but an absurdity not limited to Britain.

I was walking through a Dublin suburb and came across a vacant premises, formerly a branch of a major bank. I saw a sign indicating it was a cash-free branch.

It seems bizarre. Can anyone explain the thinking behind a cashless bank? Is banking not the business of dealing in money?



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