Retailers and banks have been pushing us to use contactless payments and online services for hygiene reasons. But many older, abused and unbanked people still depend on cash. What will happen to them?
  • @[email protected]
    2•3 years ago

    Bizarre. I was under the impression that for those in the USA, unlike the UK where this occurred, it’s unlawful to reject fiat currency as payment. However, a quick search query reveals this to be false: the federal reserve website says “There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.” For the curious. Paper money has a lot of issues to be sure, but phasing it out seems severely myopic imho.

  • @[email protected]
    1•3 years ago

    I am not sure in other countries nor any other part of my country but in the Canary Islands, with the pandemic, cash was forbidden to use the bus and is still that.

  • @[email protected]
    1•3 years ago

    I use cash everywhere and like it that way. I don’t want to depend on my smartphone for buying stuff, like many other people do. I like having cash and ofc a card for backup/going to the atm.

  • @[email protected]
    1•3 years ago

    oh well, not to mention than other than distributed cryptos mechanisms, cash keeps being the more private way to pay. Credit cards, paypal, centrally controlled cryptos, and orhers, are a privacy disaster… Besides feeding the banks apettites.

  • Metawish
    1•3 years ago

    The city if Philadelphia banned cashless stores, so going to other major cities, it’s wild seeing the prevalence of cashless stores. Where I live cash is still king but I do see the slow switch over happening

  • @[email protected]OP
    0•3 years ago

    Sars-cov 2 doesn’t spread via paper or coins, you have 1 in 10,000 chance to get covid by touching a infected surface