Friday, July 14, 2017

VISA Offers $10K to US Restaurants to Go Cashless

VISA is offering $10,000 to restaurants and other small eateries in the US towards technology upgrades if they go cashless and only accept electronic payment:

http://money.cnn.com/2017/07/14/news/companies/visa-no-cash-restaurant-initiative/index.html


This is interesting in the context of Modi's & Jaitley's desire for India to go cashless in order to shut out the Black Money economy. After all, why do it merely through govt decrees, including things like demonetization, when instead it could be done through incentives? And the ones offering the incentives should be the companies that profit most from electronic transactions.

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