7 ms·
I'm conflicted in how I feel about this. On one hand, cash is legal tender. If you're a business charging money in that currency, not accepting that currency s
by basseq 8y ago
I'm conflicted in how I feel about this.
On one hand, cash is legal tender. If you're a business charging money in that currency, not accepting that currency seems wrong. Even moreso given some of the socioeconomic impacts of people not able to have bank accounts / debit cards.
On the other, this is capitalism. As a consumer, innovating towards a cashless society is a good thing, and I would be afraid that such legislation would have a chilling effect on innovation in this area. As a business, if eliminating the requirement to deal with cash makes business sense, go for it. If you're a consumer that wants to make cash transactions, or feels that others should have that ability, vote with your feet and take your business elsewhere.
At the end of the day, I'm more concerned about businesses that only accept cash. That's annoying to me as a consumer, but I wouldn't suggest legislation: I might just vote with my feet.
(I do think that public/government entities should be required to accept credit cards, though. Toll plazas, for instance. I don't always carry cash in this... increasingly cashless society.)
- deleted 8y ago[deleted]