Well yeah, why not? I’ve been mugged in the day exactly zero times (and don’t carry cash in night clubs, where I did get mugged once). It’s not exactly conspicuous, there is no way to know what’s in your bag or wallet.
I don’t do it often; last time was when I moved to the UK without a British bank account and did not want to pay any transfer fees, which are quite expensive for larger sums (I had to carry enough to live one month and pay a first month’s rent before getting my first pay check). Another one was when I had to buy a computer after having reach the 7-days ceiling in my debit card (now you can increase it on the bank’s app; it used to be more complicated).
I don’t do it often; last time was when I moved to the UK without a British bank account and did not want to pay any transfer fees, which are quite expensive for larger sums (I had to carry enough to live one month and pay a first month’s rent before getting my first pay check). Another one was when I had to buy a computer after having reach the 7-days ceiling in my debit card (now you can increase it on the bank’s app; it used to be more complicated).