Greater LA
More businesses do away with cash transactions during pandemic
The number of businesses in the U.S. that no longer accept cash has doubled since the pandemic began, according to a recent survey by Square. Many made the switch based on guidelines from the CDC. Staff like it too, and most customers don’t mind.
By Steve Chiotakis • • 25m ListenThe number of businesses in the U.S. that no longer accept cash has doubled since the pandemic began, according to a recent survey by Square. Many made the switch based on guidelines from the CDC. Staff like it too, and most customers don’t mind.
However, some cities have passed laws preventing businesses from banning cash, saying such rules are discriminatory. LA is buying into a cashless future and has an initiative to support business owners from low-income and disadvantaged communities.
In this episode
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Next time you head out to buy a coffee or sandwich at your local restaurant, don’t be surprised if they only accept digital or plastic payment.
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