If New York City Council Member Ritchie J. Torres has his way, the growing trend of cashless restaurants — establishments that accept payment only in plastic and digital forms — will be snuffed out. From a report: Torres plans to introduce legislation before his fellow city council members that, if passed, would levy fines on any local businesses that refused to accept paper currency. “I started coming across coffee shops and cafes that were exclusively cashless and I thought: But what if I was a low-income New Yorker who has no access to a card?” he says in a Q&A with Grub Street. “I thought about it more and realized that even if a policy seems neutral in theory, it can be racially exclusionary in practice. Therein lies the problem with card-only policies. I see it as a way to gentrify the marketplace.”
Torres believes the cashless business model is inherently classist and racist, as it excludes anyone who might not be able to afford smartphones loaded with digital currency such as Apple Pay or qualify for credit cards, let alone the roughly 22 million Americans who do not have bank accounts. “If you’re intent on a cashless business model, it will have the effect of excluding lower-income communities of color from what should be an open and free market,” he tells Grub Street. In 2009 Wall Street Journal story, Tony Zazula, co-owner of now-shuttered Commerce in New York City, explained, pretty much, yes, that’s right.
of this story at Slashdot.
Source:: Slashdot