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Cashless is not Harmless: The Floridian example





In an effort to combat going cashless in Florida, Rep. Matt Willhite filed HB 233, or the Acceptance of Cash Payments by Businesses bill, on Oct. 6, requiring certain businesses to accept cash payments for transactions. This is an essential bill to protect Floridians’ payment options.

While going cashless has its benefits, they’re greatly outweighed by the drawbacks. Eliminating the option for cash payments contributes to systemic racism, and is discriminatory to those who can’t afford the luxury of banking, which is why this bill must be passed by Florida lawmakers.

Approximately 14.1 million adults in America don’t use a bank, according to a 2017 Federal Deposit Insurance Corporation’s National Survey. The survey also reported 48.9 million adults in America go underbanked, meaning they had at least one bank account but also sought financial services outside the traditional banking industry.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.










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