Greater LA
More LA restaurants go cashless
Restaurants across LA are accepting credit and debit cards only because cash can be a liability for businesses and consumers. However, 22% of U.S. households are unbanked, so this trend could isolate some customers.
By Steve Chiotakis • • 25m ListenRestaurants across LA are accepting credit and debit cards only because cash can be a liability for businesses and consumers. However, 22% of U.S. households are unbanked, so this trend could isolate some customers.
In this episode
3 storiesWhy LA restaurants aren't accepting cash payments
Nick Montgomery says when it came time to decide whether his Echo Park restaurant would accept cash, it was a tough call. “This is a small space,” he says of Konbi , a Japanese-style cafe and sandwich shop on Sunset Boulevard. He adds…
Read the story6 minThe downside of going plastic: racking up debt
As more businesses become cashless and paperless, consumers are increasingly relying on credit and debit cards. Americans are swimming in credit card debt.
Read the story10 minLA Times: more content, not more subscriptions
LA Times senior staff announced this week that their digital subscriptions are far below expectations, and the company’s future depends on rapid revenue growth. The Times has gone through major changes over the past year.
Read the story8 min
