The Philadelphia experiment

Philadelphia bans cashless stores

Philadelphia has just become the first major city in the US to ban cashless stores. A new law coming into effect in July sets a fine of up to $2,000 for retailers refusing to accept cash as payment. The move, which aims to be more inclusive of about eight million Americans without bank accounts, could also backfire since the handling of cash can be inefficient, expensive and even dangerous.

 

The Philadelphia experiment
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