New York City to require all stores to accept cash


New York City Council voted to ban cashless businesses, which politicians said was an effort to curb "the excesses of the digital economy" and end discrimination against low-income residents.

According to CNN, businesses that still want cashless transactions can provide a machine that exchanges cash for a gift card, but must accept cash if the machine breaks down.

Dos Toros Taqueria restaurant chain now does not accept cash payments. A report in The New York Times quoted the company as saying that limiting how customers could pay "had the unintended effect of excluding those who prefer to pay or can pay only with cash".

New York Mayor Bill de Blasio listens as President Donald Trump delivers remarks at the New York City Veterans Day Parade on November 11, 2019.

According to Ritchie and other supporters of the bill, the cashless business model discriminates against the poor, homeless people and undocumented immigrants as they are more likely to be disconnected from the financial system.

Is New York the first city in the U.S. to take this step?

Bronx and Brooklyn are the areas with the highest proportion of people who don't have access to a bank account - areas that Espinal said poverty is also high.

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Under the bill, businesses that refuse cash face fines of $1,000 for a first violation and $1,500 for each subsequent offense.

Stores will be able to refuse to take notes larger than $20 and they will be allowed to have a machine on site that can load cash onto prepaid cards that are then used for payment.

However, the salad chain Sweetgreen, which had gone cashless, started accepting cash again a year ago.

In 2019 Amazon bucked its own trend when it opened its 12th Amazon Go store, in NY.

Amazon's Amazon Go store format, an early proponent of cashless stores, also now plans to accept cash. If passed, the bill will head to De Blasio's desk where he can either sign it into law or veto it.

In a statement issued by the United States Immigration and Customs Enforcement last Tuesday, officials said Mr. Khan was "an unlawfully present Guyanese national" who had been released "due to New York City's sanctuary policies", the N.Y Times reported.

"I think citizenship is an achievement that connects to certain rights and privileges, including the right to vote, but I think the bigger problem is a federal one", said de Blasio on Friday when asked about the bill introduced, reported the New York Post.