Cashless businesses are no longer an isolated phenomenon at a slew of small businesses and eateries in neighborhoods across New York City. And in Chicago, the Salvation Army is considering accepting credit or debit cards next year, as it continues to look for ways to keep up with cashless trends.
“As we move to a cashless society, that gets harder; and we need an innovative way to make it just as seamless,” said John List, chairman of the economics department at the University of Chicago.
Credit card companies that make a commission on every transaction applaud the trend — with Visa recently offering merchants a $10,000 reward for restricting customers to credit cards.
At Dos Toros, a Mexican chain in the process of going cashless at its 13 New York City locations, the co-chief executive Leo Kremer said that cash took up precious time of the general manager of the location, who spent a couple of hours a day counting cash drawers, taking them away from other restaurant work.
“There’s something fundamentally demoralizing when you have the leader of the restaurant back in the office, counting, instead of out on the floor,” he said.
The Federal Reserve’s website says there is no federal law compelling a business “to accept currency or coins as payment for goods or services.”
A cashless society will make it very easy to impose economic sanctions on those who will not go along with the national and universal worship laws as predicted in Revelation 13.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17.
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