VISA offers restaurants $10,000 to stop accepting cash

Re:VISA offers restaurants $10,000 to stop accepting cash by flexie on Saturday July 15, 2017 @03:05AM (#14775409)

Isn't that better than a couple of private companies, Visa and Madtercard, holding the information (and taxing you meanwhile)?

[ Parent | on HN ]

Re:VISA offers restaurants $10,000 to stop accepting cash by TomMarius on Saturday July 15, 2017 @04:31AM (#14775658)

Definitely not. The corporations can't put me in prison or kill me, can't force me to use their services, can't use the data together with other data sources available to governments, don't have incentive to limit my spending and can't flat out take my money, and so on.

[ Parent | on HN ]

Re:VISA offers restaurants $10,000 to stop accepting cash by goalieca on Saturday July 15, 2017 @09:45AM (#14776584)

Governments can ask companies to comply to get information.

[ Parent | on HN ]

Re:VISA offers restaurants $10,000 to stop accepting cash by TomMarius on Sunday July 16, 2017 @11:18AM (#14782324)

But the companies can then come forward to the public and/or not provide requested data, like it already happened many times.

[ Parent | on HN ]