I wrote previously about the war on cash (http://gordon-feil-economics.blogspot.ca/2017/02/the-cashless-society.html
and elsewhere). Note this excerpt from The Wall Street Journal.
“Visa
Inc. has a new offer for small merchants: take thousands of dollars from the
card giant to upgrade their payment technology. In return, the businesses must
stop accepting cash.
“The
company unveiled the initiative Wednesday as part of a broader effort to steer
Americans away from using old-fashioned paper money. Visa says it is planning
to give $10,000 apiece to up to 50 restaurants and food vendors to pay for
their technology and marketing costs, as long as the businesses pledge to start
what Visa executive Jack Forestell calls a ‘journey to cashless.’”
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