It's cash v. class, and New York City has just joined the fight

We've talked previously about the rapid migration to a cashless economy thanks to the penetration of digital payments and credit cards. New York City joined Philadelphia and passed legislation from that bans stores from going cash free. Companies like Amazon, Shake Shack and Sweetgreen have all been fighting for cash-free checkout but are now forced to take good old dollars and cents. With 30% of all U.S. business is still done in cash, not credit cards, mostly by elderly, poor and immigrant individuals, the race to a cashless society is, appropriately, being evaluated.


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