Is Cash Going Extinct?

The video explores the transition towards a cashless society, highlighting the benefits and challenges of cashless stores. It discusses the evolution of money from physical to digital forms and the efficiency gains of cashless transactions. However, it also addresses concerns about discrimination against unbanked and underbanked populations. Legal aspects are covered, explaining that businesses are not federally required to accept cash, though some cities and states have banned cashless stores. The video concludes by emphasizing the continued relevance of cash for privacy, reliability, and budgeting purposes.

What does the dollar bill state about its legal tender status?

What percentage of the world's money is estimated to be cash?

What are some arguments against cashless stores?

What are the implications of cashless stores for unbanked individuals?

What does the Federal Reserve say about the acceptance of cash in businesses?

How have some businesses adapted to the cashless trend?

What are some reasons people still value cash?