The War on Cash Intensifies: Visa Offers Restaurants $10,000 to Go Cashless
Ehden (#PfizerLeak/#MonkeyBusiness/#COptiGate)
@eh_den
Bait-and-Switch, the VISA #CBDC edition.
VISA offers restaurants $10,000 if they agree to stop taking cash.
I'm currently in Russia. EVERYONE accept cash, EVERYWHERE!
The Russians are lucky that VISA and MasterCard decided to ban Russia!
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Your favorite restaurant could be going cash free, and getting $10,000 from Visa to do it. It's all part of Visa's "war on cash."
Visa has declared war on cash and its "opening salvo" is to start paying restaurants $10,000 to go completely cash free.
The credit card giant is this week announcing a new plan to hand out thousands of dollars to up to 50 small food and restaurant vendors if they agree to stop taking cash.
Visa will also upgrade the restaurants' checkout terminals so they can accept contactless payments, like Apple Pay, and invest in some of the stores' marketing costs. When you pay at one of the stores you would only be able to do so with a credit or debit card, or via mobile payment. The program participants will be picked from an online application that starts in August.
https://twitter.com/eh_den/status/1624317958464962561