I visited a counter-serve cafe lately, and when enough time concerned pay for my favorite arrange, took out my favorite purse, given a $20 statement, and was actually told, “Sorry, we don’t accept cash.”
I was flabbergasted. What happened to “legal delicate for all those credit open and individual,” the way it states there of the expense? It has currently happened certainly to me at three individual industries recently. The rise of cashless institutions is going on amid continuing hype throughout the intended dawn of a “cashless destiny” and agitation by some very powerful interests that might enjoy view dollars disappear. The financing cards companies think it’s great, naturally, and computer industry groups in addition have put towards principle.
Meanwhile, a reaction provides motivated many cities and states most notably san francisco bay area, Philadelphia, and New Jersey to exclude cashless sites (they’ve been prohibited in Massachusetts since 1978). Continue Reading →