'No cash accepted' signs are bad news for unbanked Americans

Comments ( https://news.ycombinator.com/item?id=39096981 )

https://theconversation.com/no-cash-accepted-signs-are-bad-news-for-millions-of-unbanked-americans-221393

Reply to this note

Please Login to reply.

Discussion

CASH ONLY FOR FIAT TRANSACTIONS !!

I'm seeing this more and more

Not good

It's fine. I've opted out. My money is all on the Internet anyways... I just swap to a prepaid visa to make USD payments, retain privacy and hold hard money. The tools are all there, just needs to be easier for most people. Still too much friction for most.

This is the way

How many Americans are unbaked though? And how many are unbaked that can't be by a a trip to a bank in less than 5 miles?

I get it. No cash is bad. It's a big step on the wrong direction, but this is as big of an issue as voter ID. It's a non issue for access. It's only a privacy issue. Unbaked Americans are irrelevant.

nostr:nevent1qqs224svlttrtkm8shwytw3mshtfnxqqnjw95sd73w75tnj83mqp2sspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpqt3frpkjq24gqd5j3vqsu0mq4j2t740h9z5syl0990jwp4ujv6eqvzqqqqqqyk0h722

I’m just impressed you used “unbaked” instead of “unbanked” 3 out of 3 times

#Typostr

When you rush to make a post because Mom is yelling to help with the kids in the bath .

You monster you didn’t take bath time? My socks are still soaked. Lol

I was the 2yr old, she washes the 1yr old.

Wait till its a battleship with both in it. :)

isn't that illegal in the US? I thought that USDs had to be acceptable foe debts public and private.

I know NZ removed it during COVID under the guise of public health... they said that COVID would be spread via cash 🤣

Pretty sure it is but good luck forcing the establishment to accept it. More effort than it's worth to fight it. So it's a useless law it seems.

No federal laws requiring you to accept USD in any form but a small handful of localities require you to accept cash if you accept credit cards. Not sure but there may be an exception for debt you owe if you make a reasonable attempt to pay and they refuse it's null. Debt rules wouldn't apply to purchasing something though.

Just wondering, would it be theft if you run away from a store with a product but leave your payment on the counter in cash...?

Our Web5 blockchain nonprofit solution is to airdrop free LUV NFTs to our community to allow them to barter tokenized services and products. Along with instant Bitcoin BRC20 $RNT relief.