Interesting. Guess I have to see how it would work in the US. Americans are addicted to credit cards.
Discussion
However, (believe it or not), your government(s) are way less overbearing and intrusive, orders of magnitude more business-friendly and, unlike in socialist Europe, they prefer businesses to succeed.
(I work for a US-based company and spend quite a lot of time there)
I agree with you. In my comment I skimmed over the market aspects of your question because I truly think that 9/10 times it's the government's fault.
People in (Western) Europe seem to be even more addicted to cashless payments.
That was one more thing that covid definitely tipped the scales in favor of.
Cash payments were forbidden in many places, like public transportation, despite that being something blatantly illegal - they "solved" the challenge by making it compulsory to wash your hands every time you touched cash. I kid you not.
These days I'm working on a project in the Balkanic region and every time I run into a "cash only" shop - bars, restaurants, convenience stores... - I still find myself surprised.