Bad trend. Bad! More stores going cashless

Bad trend. Bad! More stores going cashless

[Ed. – Cashlessness will mean ultimately that you can’t hold ANY purchasing power in a form the government can’t easily confiscate from you.  Have to be stringent on this one: if you think we need to go cashless, you’re an idiot.  You’re probably a young idiot, and no one has ever taught you to know any better.  At its absolute best, government is Facebook with big guns: biased, out for itself, always political in everything it does, and — in government’s case — armed, and able to grab things from you and make it too hard to fight back.  Don’t give up cash just because you think it’s inconvenient.  Self-determination and liberty always are, but they’re still way better than the alternative.]

Some merchants such as SweetGreen, a salad chain, refuse to open their registers for cash, telling customers they can pay only with mobile payments or cards. With some newer vending machines, only a card or mobile wallet will get that cold Coca-Cola to roll down the chute. …

“What we’ve seen is a push toward electric payments because of convenience, especially for Generations X and Y and onward,” said Greg Burch, vice president of strategic initiatives as Ingenico Group, which makes payment systems for merchants. “The phone has become more personal than the wallet has.” …

Using cards or mobile apps is increasingly popular with younger generations, but stores have good reason to like the trend, as well. Moving away from cash removes the cost of storing and transporting bills and coins, which merchants like. It also reduces the potential for physical theft.

Continue reading →

Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

You may use HTML in your comments. Feel free to review the full list of allowed HTML here.