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Philadelphia Bans Cashless Businesses – Bad for Bitcoin?

P. H. Madore
Philadelphia is the latest city to ban cashless businesses. Will this impact Bitcoin adoption? | Source: Shutterstock

The Wall Street Journal reports today that Philadelphia is the latest jurisdiction to pass a law against not accepting cash. Most retailers in the city must accept cash beginning in July. Democrats are leading the charge on these laws, viewing them as a way to protect people who don’t have credit or debit cards.

Philadelphia Joins Northeast Cash Coalition

Philadelphia’s not alone in its war on cashless businesses.

New York City councilman Ritchie Torres admits that cashless payments are the future but is nevertheless backing a proposal requiring local businesses to accept cash. He told the Wall Street Journal:

“I think it’s more the future than a fad, and that’s why there is a need for a legislative response.”

Read the full story on CCN.com.