A £50 banknote honoring Alan Turing arrives at a post office near where the codebreaker worked.
The new £50 banknote honoring Alan Turing has arrived at a Post Office at Bletchley Park, where the Second World War hero worked on codebreaking.
On Wednesday, the Bank of England issued its first banknote.
“Many of my clients feel more comfortable dealing with cash,” said Ahmed Butt, postmaster at Bletchley Post Office in Buckinghamshire.
More than 11,500 branches make up the Post Office network. Every month, they get about £2 billion in cash withdrawals and deposits.
The United States Postal Service recently started a “save our money” campaign.
“We’re really thrilled that Bletchley Post Office is one of the first places to have the new £50 note today,” Amanda Jones, retail and franchise network director at Post Office, said.
“What transpired less than a mile away at Bletchley Park contributed to the end of WWII, and Alan Turing’s work as a codebreaker was crucial. The fact that he is the face of this new note is an appropriate tribute.”
According to research conducted by ATM operator Cardtronics, 43 percent of 18 to 24-year-olds prefer to pay in cash but are compelled to utilize alternatives when stores refuse to accept it.
“Our recent research shows that as many as three-quarters (74%) of UK consumers believe that all retailers should give the option to pay in cash,” said Marc Terry, Cardtronics’ international managing director.