Richard Murphy says:
May 11 2021 at 8:33 pm
I am saying bank payments are legal tender
As the Bank of England says:
What’s classed as legal tender varies throughout the UK. In England and Wales, it’s Royal Mint coinsOpens in a new window and Bank of England notes. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes.
There are also some restrictions when using small coins. For example, 1p and 2p coins only count as legal tender for any amount up to 20p.
Many common and safe payment methods such as cheques, debit cards and contactless aren’t legal tender. But again, it makes no difference in everyday life.
Given that he insists he knows how to redesign the whole system it would aid if he knew what the current one was.