More Businesses Stop Taking Cash

The almighty dollar might be losing its muscle.Cashless businesses are no longer an isolated phenomenon at a slew of small businesses and eateries in neighborhoods across New York City, The New York Times reported.And in Chicago, the Salvation Army is considering accepting credit or debit cards next year, as it continues to look for ways to keep up with cashless trends, an NBC News affiliate reported.”As we move to a cashless society, that gets harder; and we need an innovative way to make it just as seamless,” John List, chairman of the economics department at the University of Chicago, who has studied charitable giving, told NBC Chicago.Credit card companies that make a commission on every transaction applaud the trend — with Visa recently offering merchants a $10,000 reward for restricting customers to credit cards, the Times reported.


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