Quote:
Originally Posted by terry1156
While this may be an isolated instance, I'm curious what others think about the idea of cash being refused for the purchase of a product and where this may lead in the future?
|
With all due respect, this idea of refusing cash as legal tender is not new. For example, you can't pay bus fare with $100 bills. The vendor is not obligated to accept cash as legal tender is there exists no legal obligation (debt) at the time payment is tendered.
Personally, I believe that nothing beats a good cash deal; however, the premise is that you have faith in the government that backs up the cash. If you don't believe in the legitimacy and/or stability of the government, then money issued by that government is worthless in your eyes.
But Apple is still accepting debit and credit. So it's not like they've totally moved to a barter system.
I don't think this will change much. Right now mail order companies don't accept cash sent through the mail so it's not a new concept.