Cash demand drops off a cliff amid coronavirus pandemic - Business Insider

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Coronavirus has created less of a need for 'cold hard cash' as Americans move to contactless payments

— if at all — consumers are still trying to avoid contact as much as possible, especially with objects that may come into contact with multiple people.

Raypd CEO Arik Shtilman said the pandemic has expedited the growing trend of more Americans preferring contactless paymentsBecause of these heightened concerns, 60% of those surveyed said they will pivot to contactless payments in the future. Shtilman said "it will take years before the U.S. resembles Asia, where phone-based digital wallets are ubiquitous," as more Americans like to pay with cash, and point-of-sale systems are not being replaces with ones that work with contactless payment methods like Apple Pay and Samsung Pay.. The Federal Reserve has said the closure of "retail shops, bank branches, transit authorities and laundromats ...

Many places have discouraged cash payments entirely if exact change can't be provided by the customer.

 

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Bs!!

Put it on the Hertz company card.

Plus those who like cash as an enabler for criminality are spoilt for choice with bitcoin, ethereum etc etc

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