UK's last local currency axed due to rise of digital and card payments

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"The Lewes Pound the UK's final surviving local currency is being officially discontinued after 16 years of circulation, amid the rise in card and digital payments resulting in lack of demand for cash, including local alternatives. Sunday 31 August was the last day the currency, which worked like a voucher, was valid in participating shops and businesses in the East Sussex town, marking the end of a bold experiment in community economics."

"Launched in 2008 as a response to global financial instability and environmental concerns, the Lewes Pound was designed to encourage support of local business in Lewes. At its peak, over 100 shops accepted the currency, and it became a symbol of grassroots resilience and sustainability. The notes were available in 5, 10, 20 and 21 denominations and featured philosopher Thomas Paine, as well as local landmarks on the design."

The Independent solicits donations to fund on-the-ground reporting and maintains free access to its journalism, arguing that quality reporting should be paid for by those who can afford it. Donations fund reporters who interview multiple perspectives and investigate topics from reproductive rights to Big Tech. The Lewes Pound, the UK's final surviving local currency, is ending after 16 years as consumer preference for card and digital payments reduced demand for cash and local alternatives. The currency ceased validity on 31 August in participating Lewes shops. Launched in 2008 to bolster local trade, the scheme once reached over 100 participating businesses and featured local imagery.

Read at www.independent.co.uk