In July, Visa officially entered the global ‘war on cash’, adding to a long list of academics, elites, and bankers urging the removal of one of the last freedoms ‘for the good of the rest of us’. However, if Alderman Edward Burke has his way, that ‘war on cash’ will end in Chicago after he submitted an ordinance at last week’s City Council meeting to ban businesses from banning cash.
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According to the ordinance, “credit card giant Visa announced it is ‘launching a major effort to encourage businesses to go cashless,” through a campaign called the Visa Cashless Challenge offering $500,000 for 50 businesses to go cash-free.
As DNAInfo.com reports, the ordinance cites Argo Tea, SweetGreen, Epic Burger and Goddess and the Baker as Chicago businesses that have already gone cashless, but the stores themselves don’t seem to have had any issues…
Xuan Tea, a shop at 1816 N. Milwaukee Ave. in Bucktown, opened in September and is credit card-only.
“It’s been working out fine. Some are taken aback initially, but we haven’t had any problems with it,” manager Will Quanstrom said.
“Mostly everyone has a credit card in their pocket, even if they’re just out for a jog. It’s easier and it’s simpler for us. We don’t have to go to the bank, or count drawers out.” The tea shop has a sign at the front counter that says it only takes credit cards.
This post was published at Zero Hedge on Oct 17, 2017.
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