Philadelphia Is First U.S. City to Ban Cashless Stores

www.wsj.com

The battle for a cashless world just got regulated. Philadelphia regulators banned cashless stores this week, as the debate between retail innovation and lawmakers trying to protect all citizens’ rages on. With legislation being pushed in New York and New Jersey (likely only the beginning), this move proves cold hard cash is surprisingly resilient and likely here to stay. Even in places like the UK where only about 30% of transactions are done with cash and coin (where that number is expected to drop to 10% over the next 15 years), making sure the transition to digital works for all is a challenge no one on either side of the debate wants to take head on.

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