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Morning Wire
Trump’s SF Fundraiser & Cashless Businesses | Afternoon Update | 6.7.24
Jun 7, 2024
07:09
Snipd AI
Topics discussed include Trump's fundraiser in San Francisco, cashless businesses, plans for a Texas stock exchange, American views on electric vehicles, diverse news updates like eBay halting American Express, US cricket team surprising Pakistan, Star Wars controversy, and delays in Timu and Shein orders.
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Quick takeaways
- More businesses are going cashless, eliminating cash transactions for credit cards and mobile payments.
- Texas Stock Exchange aims to rival Wall Street with $120 million funding and CEO-friendly trading environment.
Deep dives
Increase in Cashless Businesses in the US
Cash is becoming obsolete in various parts of the US as more businesses transition to cashless operations. Popular venues such as Yankee Stadium and Mile High Field now solely accept credit cards or mobile payments like Apple Pay and Venmo, eliminating the need for cash transactions. While some locations offer reverse ATMs to convert cash into digital currency, this convenience comes at a cost. Despite no federal mandate requiring businesses to accept cash, the trend towards cashless transactions continues to rise.
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