Philadelphia passed a bill to force stores to accept cash. The states of New York and New Jersey are contemplating similar bills and the state of Massachusetts already mandates acceptance of cash.
The reason is that not everyone has access to electronic payments methods. That is a fair point.
But there are many good reasons to go cashless. Cash is inefficient and comes with risks. If you ever – like me – deposited store cash at a bank in the evening, you surely know what I am talking about.
Instead of regulating access to electronic payment methods, they opt for mandating acceptance of cash.
I truly have a hard time following the logic of these lawmakers.
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