Thousands of Retailers in America Begin Rejecting Paper Cash

#cashless #digitaltransactions #rfid #themark #moneytransactions Thousands of retailers throughout the US and UK have begun banning paper cash in favor of ca...

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Comment by Chris of the family Masters on January 11, 2019 at 1:54pm

War on cash is on. Next-microchips.

Comment by Raz Putin on January 11, 2019 at 1:28pm

So much for legal tender

And know this folks:

"The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues."

This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy."

https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-...

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