Quicktake by Bloomberg artwork

Is Cash Still King? It’s Complicated

Quicktake by Bloomberg

English - March 27, 2019 21:43 - 10 minutes - ★★★★ - 65 ratings
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To many on the forefront of technology, a cashless society sounds like a dream. Retailers and restaurants can’t seem to ditch it fast enough. But for the poverty-stricken and others navigating the U.S. economy without much money, cash is still king. Andrew Mach speaks to Bloomberg News reporter Krista Gmelich about how far the movement has gone and how much further it has to go.
FOLLOW UP
Bloomberg's latest report: As Amazon Leads Cashless Charge, States and Cities Push Back
You can follow Krista at: @kgmelich
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TicToc is a daily news podcast hosted by Andrew Mach (@andrewjmach), produced at Bloomberg Worldwide HQ in New York City. You can follow up with us and watch our reporting @tictoc. If you like it, be sure to rate us on iTunes, and tell your friends!

To many on the forefront of technology, a cashless society sounds like a dream. Retailers and restaurants can’t seem to ditch it fast enough. But for the poverty-stricken and others navigating the U.S. economy without much money, cash is still king. Andrew Mach speaks to Bloomberg News reporter Krista Gmelich about how far the movement has gone and how much further it has to go.

FOLLOW UP

Bloomberg's latest report: As Amazon Leads Cashless Charge, States and Cities Push Back

You can follow Krista at: @kgmelich

----

TicToc is a daily news podcast hosted by Andrew Mach (@andrewjmach), produced at Bloomberg Worldwide HQ in New York City. You can follow up with us and watch our reporting @tictoc. If you like it, be sure to rate us on iTunes, and tell your friends!

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