News for hackers. Stuff that matters.

A comment on Open Source Visa/Mastercard Competitor: Zenobia Pay. Parent comment

Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by ceejayoz on Thursday August 14, 2025 @02:48AM (#44897449)
> Newspapers are writing interviews with merchants who (illegally) have stopped accepting cash, even though it's legal tender.

That's legal. https://www.federalreserve.gov/faqs/currency_12772.htm

Legal tender applies only to debt/creditor relationships.

[ Parent | on HN ]
Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by Tor3 on Thursday August 14, 2025 @03:21AM (#44897665)
The USA is not all the world. The US rules don't apply in other countries. Rules differ. In many countries _businesses_ have to accept legal tender. Including in my own. That's why it's such a big deal when businesses actually still refuse cash.
[ Parent | on HN ]
Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by ceejayoz on Thursday August 14, 2025 @03:36AM (#44897757)
https://en.wikipedia.org/wiki/Legal_tender

> Legal tender is a form of money that courts of law are required to recognize as satisfactory payment in court for any monetary debt.

A country may separately require businesses to accept legal tender, if they feel like it.

https://en.wikipedia.org/wiki/Legal_tender#Status_by_country would appear to indicate this distinction is very common in the developed world.

[ Parent | on HN ]