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New York City to force stores to accept cash

Source: Ed Shanahan & Jeffery C. Mays, N.Y.Times (Paid Registration)

From a cup of coffee to a car ride, mobile devices or plastic cards are becoming the preferred, and sometimes exclusive, methods of payment.

The City Council is set to approve legislation that would prohibit stores, restaurants and other retail outlets from refusing to accept hard currency.

New York City officials have also targeted ride-sharing and meal-delivery apps, as well as facial recognition for building entries — all in an effort to blunt the impact of advancing technology on those who are unable to use it because of financial circumstances, unwilling to for philosophical reasons.

Read Full Article: New York City to force stores to accept cash


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