Money is good - optional
Welcome to The TechCrunch Exchange, a weekly newsletter about startups and markets. It is inspired by the TechCrunch+ daily column from which it takes its name. Want it in your inbox every Saturday? Register here.
When I visited London recently, I struggled to spend even a pound in cash: cashless transactions were more than encouraged; they were often compulsory. However, cash payments are still a reality for cannabis dispensaries in the United States and in emerging countries. But are we ready for the end of cash? Let's explore. —Anna
There is no doubt that the COVID-19 pandemic has made it less common to use cash to pay for everyday purchases.
Due to hygiene and social distancing measures, merchants who used to frown on letting customers pay small amounts by card are now encouraging contactless transactions. And with many outdoor activities simply out of the question, money was more often hoarded than spent.
Welcome to The TechCrunch Exchange, a weekly newsletter about startups and markets. It is inspired by the TechCrunch+ daily column from which it takes its name. Want it in your inbox every Saturday? Register here.
When I visited London recently, I struggled to spend even a pound in cash: cashless transactions were more than encouraged; they were often compulsory. However, cash payments are still a reality for cannabis dispensaries in the United States and in emerging countries. But are we ready for the end of cash? Let's explore. —Anna
There is no doubt that the COVID-19 pandemic has made it less common to use cash to pay for everyday purchases.
Due to hygiene and social distancing measures, merchants who used to frown on letting customers pay small amounts by card are now encouraging contactless transactions. And with many outdoor activities simply out of the question, money was more often hoarded than spent.
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