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> places no longer accepting cash Is that legal? I believe in most countries national currency most be accepted in any form, by law...

• jfengel 7y ago
  It's not true in the US or the Eurozone. The "legal tender" requirement is for debts, not for purchases. A store can simply refuse to sell you the thing if you insist on paying cash. There are movements in both places to require merchants to accept cash, but I don't know of any countries that have adopted them yet. (Some cities in the US have.)
  • frosted-flakes 7y ago
    When you order food at a sit-down restaurant, you pay after you've eaten. In theory, that means such restaurants must accept cash.
  • jandrese 7y ago
    Are you sure "debts" aren't a technical term here that encompasses all transactions? That's been my understanding. Whenever you buy something you take the item off of the shelf and are then in debt to the store until you settle it at the cash register.
• xorcist 7y ago
  Payments in national currency can be completely electronic of course. When cash is made sufficiently less used in society, and there are strong interests in this direction, cash is regarded as some sort of paper gift card for real money.