Cash will always be needed for really small scale transactions, selling small used items through private sales and during power/cloud outages. This is essential for groceries, emergency hardware, or when you need to sell off your old sofa to your neighbor. Where cashless really shines is in medium and large ticket sales where product or service fraud is a concern as well as tracking money that's going offshore. Cashless transactions save rental tenants from unscrupulous landlords or preventing key businesses from stockpiling large amounts of cash making them a target for robbery. Cashless transactions allow for better tracking of illicit cash and make money laundering more difficult. Cashless transactions are designed to be tracked through banking networks, and transaction service bodies.
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