James McDermott: If cash is no longer king, it shouldn’t be persona non grata either | Business Post

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The rush to replace our legal tender with credit card and smartphone payments disadvantages the more vulnerable in society, not to mention the fact that technology has a habit of breaking down, writes James McDermott.

For workers in the low-paid service industry, cash tips often fill the gap between the minimum wage and an actual living wage. Picture: Getty

Last week, a café refused to sell me my morning coffee, not because I did not have the cash to pay for it but because I did. The owner proudly declared that not only would they not accept my money, but they could not accept it as they did not possess a cash register. As a long-term believer in the concept that cash is king, I was unhappy at this forced abdication for reasons...

 

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