See which cashless payment myths no longer apply.
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Conversations surrounding when the U.S. would go cashless date back to the 1980’s, but some media headlines still proclaim that the end of cash is on the horizon. In fairness to those predicting that cashless payment will soon be the only way to buy, there is some evidence to support the theory. After all, the salad chain Sweet Green and Amazon Go once banned cash purchases, along with a number of small business sprinkled around the country.
While an influx of self- checkout terminals and Amazon Go-like services may nudge customers to choose cashless payment out of convenience, we’re far from the days of a cashless society in the U.S. After all,that 52% of Americans still use cash to make at least some purchases each week—and that number that has barely changed since 2015.
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