advance of technology in our lives has been halted somewhat in New York City. Lawmakers have passed bill to ban cashless businesses. With many parts of world in seemingly relentless drive to replace cash with plastic or digital payments, New York City officials have decided cash still has valuable part to play in our lives. officials have approved legislation that prohibits stores, restaurants and other retail outlets from refusing to accept cash. They want to provide ability for people who prefer to pay via traditional means, through notes and coins. This means businesses in city will no longer be able to insist that customers make use of cashless payments in any transactions.
Businesses that violate new regulation could face hefty fines of up to $1,500 for each offense. Critics of cashless businesses say they discriminate against poorer sections of society, many of whom do not have bank accounts or credit cards. One city resident said: "I worry about real-world discriminatory effect that cashless business can have on New Yorkers, especially in communities of color." Another said: "I think it's incredibly discriminatory not to accept cash because some people can't get credit." opponent of bill said it was sign of government interference: He said: "We are inserting ourselves in business of business in way that we don't have right to."