Who Wins When Cash Is No Longer King?

"Killing cash makes billions for credit-card companies. “Card swipe” fees, a roughly 1 percent charge that retailers pay to banks when shoppers pay using credit and debit cards, earned Visa and Mastercard about $43 billion last year, according to The Wall Street Journal. Shifting businesses toward “frictionless” card-only pay models is an enormous moneymaker, especially in high-volume food spots where people want to get in and get out as rapidly as possible."

Read more here: www.theatlantic.com/technology/archive/2018/12/cashless-amazon-walmart-workers/578377/