Cashless

The future of cash could ultimately be cashless

Throughout the world, electronic and card-based payments are growing quicker than cash. The ability to pay with cash is unlikely to disappear anytime soon, but improved internet access and smartphone ownership is making it redundant for many people. App-based payment methods from Alibaba and Tencent are highly popular in China, Hong Kong, Singapore and Japan. In Italy, Spain and France, PayPal outpaced Mastercard and Visa usage for online shoppers in 2018, according to a report.

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Amazon's cashless stores might not remain cashless for much longer

Amazon's cashless stores might not remain cashless for much longer

Not everybody is happy that stores are beginning to ban cash payments, Amazon is now discovering as it works to accept cash at its previously cashless Amazon Go stores. The stores began popping up a year ago โ€” allowing people to purchase snacks, pre-made meals and other assorted goods without interacting with anybody โ€” but now legislation and backlash is catching up with the company.

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The 'no card, no checkout' cashless culture is going to hurt the homeless and elderly

The 'no card, no checkout' cashless culture is going to hurt the homeless and elderly

In 2018, online retail conglomerate Amazon opened its first GO store to the public โ€” the first real example of a cashless store in action, sparking off a wave of inspiration for the likes of Everlane at their NYC location, the Samโ€™s Club Now store in Dallas and even United and Delta ticket counters at airports. But โ€˜cashless cultureโ€™ will have repercussions for the homeless and elderly โ€” two groups of people who are more likely to be without a bank account and therefore, less likely to have access to a credit or debit card to pay.

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