Why States, Cities Are Requiring Merchants To Accept Cash

Law360 (July 8, 2019, 5:57 PM EDT) -- Phrases that might have no meaning to your grandchildren could include having a “fat wallet,” offering “a penny for your thoughts” and the notion of “stacking paper.” And one day not too far off, the question “Can you change a dollar?” may be more of a philosophical one.

Credit and debit cards have slowly been overtaking cash for many purchases for decades. And now, new technology has broadened the ways people can pay without having to carry paper money and coins (and pay ATM fees), potentially hastening the decline of cash.

If, or when, greenbacks will be obsolete remains uncertain. But...

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