Quote:
Originally Posted by phantom_lord
Sweden is the leader when it comes to going cashless.
China isn't far behind.
I think it's a matter of time we go cashless. Venmo (now owned by PayPal) is halfassedly pushing out QR paycodes as it is. Alipay/WePay codes are already available at stores in major US cities.
The beauty with QR codes is startup cost is literally just cost of printing the code and laminating it. You don't need to pay thousands or dollars to setup a fancy POS.
Cashless is coming. It's only a matter of time.
US/Europe are behind in part because the entrenched players (Visa/Mastercard/AMEX and banks/processors they work with) are unwilling to give up their fat fees so they are still trying to make expensive NFC techs work. Despite the costs of NFC (Apple Pay/Samsung Pay with special POS), adoption is rising, enabling more cashless going forward though with an unnecessarily expensive technology.
PS: my wife and I both only take Venmo payments now because it's silly to pay PayPal's processing fee.