Published on 12, July, 2020
With the pandemic and multiple lockdowns, there have been a few changes to life.
One still puzzles me.
When paying, some places are card only, others cash only. Why the inconsistency?
In my local shopping area.
KFC is card only.
Chinese takeaway is cash only.
Indian takeaway is also cash only.
Why?
Governments want to ban cash - electronic payments can be monitored and controlled.
And at the same time the Swedish central bank is worried about the cash disappearing, because they don't have control over the digital money used today (since they are issued by the private banks not by the central bank as with notes and coins) But it's of course harder to cheat with VAT and other taxes with card payments, indeed.