this post was submitted on 17 Nov 2024
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Australian businesses selling essential goods and services to be forced to accept cash payments (www.theguardian.com)
submitted 1 month ago by BrikoX@lemmy.zip to c/australia@aussie.zone
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Treasury confirms cheques will stay in circulation until 2029 but then cease to be accepted as legal tender

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[–] guillem@aussie.zone 7 points 1 month ago

If you have pen and paper and the key to the drawer you don't need a working POS on the spot to accept cash while comms are out and record the transactions later.

And exactly: where does the cash appear from? That's the "should always be an option" part.

Of course there's drawbacks for everything: less secure for staff if you accept cash vs inability to do anything when comms fail if you don't.

There might be a further point, although I haven't looked into the reasons: Sweden started the cashless experiment before and they are backpedaling now.