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> * A positive feedback loop will form due to less cash being accepted => less cash circulating => less reason for businesses to accept cash This is already ha
by wastholm 8y ago
> * A positive feedback loop will form due to less cash being accepted => less cash circulating => less reason for businesses to accept cash
This is already happening in Sweden: most people find card or mobile payments more convenient and therefore carry little or no cash with them; more and more shops go cashless; and the cycle continues. New coins and bills were introduced a year or two ago and I still hear people complain that they haven't learned to tell them apart yet because cash is so rarely used.