Is cash still king? “Cash was king,” a sign at Epic Burger in Chicago reads. “We no longer accept cash, making us speedier, safer and greener.”Another one at a local Italian restaurant: “All credit cards accepted. No cash payments.”Australia’s government announced last week that as of July 1, 2019, it will be illegal to purchase anything over $10,000 AU (about $7,500 US) with cash. It’s easy to see that by eliminating cash, a local restaurant would reduce headaches such as employee theft, counterfeit bills, robberies, expensive security equipment, and the dependency on transporting bags of cash to the bank.

Source: Forbes May 14, 2018 15:11 UTC