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Cash isn't dead. Even in a pandemic, there's a lot of stores that still accept it. This article seems more like clickbait FUD for pumping cryptocurrency.
by decker 6y ago
Cash isn't dead. Even in a pandemic, there's a lot of stores that still accept it. This article seems more like clickbait FUD for pumping cryptocurrency.
- fakedang 6y agoThis actually got me thinking.... What if someone utilized GPT-3 to write incoherent garbage that can pass off in front of Quant firm's sentiment analyzers as trending topics? If one were invested enough, one could certainly pump all sorts of stocks too.
- danShumway 6y agoPhiladelphia recently passed a law outright requiring stores to accept cash; they viewed requiring a bank account and credit card to be an accessibility problem for homeless residents. A couple of fast-food places I (pre-pandemic) used to frequent switched from requiring credit cards to accepting both afterwards, which was kind of nice. There is reason in general to be concerned about the lack of good, private digital payment systems, but there are still plenty of cities where a pro-cash sentiment is strong, or at least a pro-"cash should be an option" sentiment. And I suspect (but can't confirm) that rural areas might also bias towards more cash transactions as well. The general trend away from cash is something to pay attention to, but depending on where you live, it may not be an emergency right now.