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Bank of England bosses have admitted they believe there are almost 50 million fake £1 coins in the nation's pockets.
Experts now believe that almost one in every thirty pound coins is a fake with around half of these counterfeit coins good enough to fool vending machine and automated tills.
originally posted by: paraphi
I think money is on its way out with contactless payment which is becomming increasingly common in the UK.
I am a bit of a traditionalist, so would fear money going, but the kids will move on, up, and out, and live for the convenience.
originally posted by: Phatdamage
this just makes me wonder how long it will be until all money is virtual and will be tendered using an RFID Chip implant under your skin? so now we cannot trust the coins in our pockets to be real....