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Visa is bribing small businesses to stop accepting cash

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The future is cashless — especially if Visa has anything to say about it. 

The credit card and payments company is urging restaurants to stop accepting cash with its new Visa Cashless Challenge, which comes with a $10,000 prize. 

“At Visa, we believe you can be everywhere you want to be, and that it should be easy to pay and be paid in more ways than ever, whether it’s a phone, card, wearable, or other device,” Jack Forestell, Visa's head of global merchant solutions, said in a statement. “With 70 percent of the world, or more than 5 billion people, connected via mobile device by 2020, we have an incredible opportunity to educate merchants and consumers alike on the effectiveness of going cashless.” Read more...

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