The world is waging a war on cash, according to a position paper released today by the ATM Industry Association.
"For decades, anti-cash campaigns, largely led by dominant card brands, have been waged in the mass media with the objective of discrediting cash," ATMIA said.
A prime example, according to the trade association, is Visa's "Cashless Challenge" announced this month. The card network plans to offer up to $500,000 to 50 U.S. small restaurants, cafes or food truck owners that commit to going 100% cashless.
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