Posted on 07/19/2017 9:48:33 AM PDT by Roman_War_Criminal
The push toward a cashless society is becoming more of a shove. Before today I had never heard of The Visa Cashless Challenge, but after reading about it I have to say that I am quite alarmed. Visa is trying to encourage businesses to go cashless, and one of the ways that they will be doing this is by awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest. The food industry is still one of the last bastions where cash is used very heavily, and so it makes sense that Visa would want to target that segment. Of course the more people that use cards to pay for meals, the more money that Visa will make.
When I go to restaurants, I almost always use cash, and I know a lot of other people that very much prefer to use cash in those situations as well. But if Visa has their way, soon all of us will be forced to use some form of digital payment instead. The following is an excerpt from the press release that Visa issued about this new challenge
(Excerpt) Read more at theeconomiccollapseblog.com ...
“legal tender for all debts public or private”
Period!
KYPD
Me too. If only to imagine the server is actually getting the tip personally, not splitting it with some crappy server who is outside having another smoke break.
There are advantages in both approaches. I would have to think that all franchised businesses would want to go cashless tomorrow if they could. It would eliminate petty theft and make the balance sheets very straightforward.
Of course, your buddy Joe who owns a bar probably prefers cash, because in those types of businesses, no one declares EVERYTHING to the government. My uncle owned a dance club in the 50s. When he died, his wife went into their safety deposit box and found $20 grand in very old cash.
Disney resorts now have a wristband that is your ticket, room key, fast pass, and credit card.
The bankers get a percentage of every transaction. The government gets a record of every transaction, time-stamped and with location. The credit card companies get details of every transaction for their data mining. What’s not to like?
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