Visa announced a partnership with the NFL for a cashless Super Bowl experience - Business Insider

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Stadiums' promotion of cashless spending reflects the overall trend toward digital payments and creates a new volume opportunity for payments players

a digital, cashless Super Bowl experience that will apply to everything from parking to concessions and mobile ordering. Fans who only have cash can access ATMs that accept cash in exchange for Visa prepaid cards of up to $500, which can also be used outside the stadium.

A general view after the New England Patriots defeat the Los Angeles Rams 13-3 during Super Bowl LIII at Mercedes-Benz Stadium on February 3, 2019 in Atlanta, Georgia. a similar cashless payments solution for the Jacksonville Jaguars' home stadium, allowing fans to exchange cash for a prepaid Visa or Mastercard that's branded with the team's logo. InComm Payments plans to roll out this cashless solution to more sports venues across the US over the next few weeks.

Stadiums' promotion of cashless spending reflects the overall trend toward digital payments and creates a new volume opportunity for payments players. Digital payments are surging in the US right now as customers eschew cash in response to These moves reflect that shift, as sports teams look toward existing payments trends to find ways to safely

 

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People avoiding cash out of concern it has the virus. Cash has a short life cycle, especially low velocity in our current economy. Gold, silver and copper are naturally antiseptic and can be digitized. Let’s critique the medium that has markups, or allows negative interest rates.

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