4 ms·
This is a good point worth considering, especially given we've already seen the consequences of people and businesses going cashless and a technical glitch thro
by CM30 3y ago
This is a good point worth considering, especially given we've already seen the consequences of people and businesses going cashless and a technical glitch throwing everything into disarray.
Back in 2018, Visa's network crashed:
https://www.theguardian.com/world/live/2018/jun/01/visa-outage-payment-chaos-after-card-network-crashes-live-updates https://www.theguardian.com/world/live/2018/jun/01/visa-outa...
It was absolute chaos. Most shops and restaurants lost a ton of business due to customers not being able to pay for products (many people here don't have cash in their wallets at all), and many of them couldn't sell even if they wanted to, since the card reader (and other parts of their point of sale systems) also relied on said network.
Having cash as an option at least means things won't completely shut down whenever this sort of error occurs.