Replying to 2f058430...

nostr:npub1trdnqrfstufc45awha43p6xy2n0v6czuhapzh4r09hap08dg0c6s9gussx Any idea why? Maybe it's about security ("No cash on premises, not worth trying to rob us"), or cost ("Banks charge so much for cash deposits that we lose money on cash transactions")?

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Strypey 2y ago

nostr:npub13dj897gdp9dr99gzr3we3avcnl8amrk3rv4sd58a60d8fclaxrxs84l9qf

> Any idea why?

I presume it's a case of "give me convenience or give me death!" (to quote the Dead Kennedys). They don't have to have a cash register or go to the bank with a cash bag. They don't have to train their staff in cash handling. Card payments are often quicker, especially in the age of PayWave.

Finally, many people don't know about the surveillance capitalist dystopia, or don't care. So hardly anyone uses cash anymore, except for tin-foil hat wearing freaks like me.

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Strypey 2y ago

I very much doubt it's about...

nostr:npub13dj897gdp9dr99gzr3we3avcnl8amrk3rv4sd58a60d8fclaxrxs84l9qf

> "Banks charge so much for cash deposits that we lose money on cash transactions"

AFAIK they pay fees on every EFTPOS transaction, and even higher fees on credit card/ PayWave transactions. I can't imagine the cost of banking cash at closing time each day would be higher than all that.