Philadelphia Bans Cashless Businesses - Bad for Bitcoin?

Philadelphia Pennsylvania

Those who say the law isn't strong enough point to the fact that it provides exemptions to parking lots and garages, memberships stores like Costco, rental companies and retailers that accept mobile payments, The Philadelphia Inquirer reported.

In the age of cashless shopping and digital payments, Philadelphia mayor Jim Kenney thinks otherwise.

As of July 1, any businesses failing to comply with the law will face fines of up to $2,000.

The new law runs contrary to the trend within the restaurant business of accepting only electronic payments or credit cards to speed service.

MA requires all stores to accept cash, while New Jersey has taken a further step by banning cashless stores altogether in an attempt to keep cash in circulation and retain paying cash as a service to those who have no other means of payment. However, businesses like parking garages or lots, hotel accommodations, rental vehicle companies and Costco- that requires an online payment for membership, would be exempted from the said law due to the security for their financial charges on their customers. This has somewhat opened the door for other payments apart from cash, such as Bitcoin or other cryptocurrency alternatives, although transfer time still remains an issue.

More news: Allu Arjun hugs Arya and Sayyeshaa Saigal

Philadelphia councilman Bill Greenlee, who co-sponsored the bill, believes the new law will help re-level the playing field.

Similar legislation is under consideration in cities including New York, San Francisco, Chicago and Washington, DC.

"It just seemed to me unfair that I could walk into a coffee shop right across from City Hall, and I had a credit card and could get a cup of coffee".

This comes as cashless stores have been on the rise. Greenlee also said that local stores will now be required "to do what businesses have been doing since Ben Franklin was walking the streets of Philadelphia". Amazon has been expanding its cashierless stores, dubbed Amazon Go outlets, across the nation.

Related News:

  • 'Captain Marvel' Blasts Off to $153 Million Debut

    'Captain Marvel' Blasts Off to $153 Million Debut

    Stay tuned to Heroic Hollywood for the latest news on the future of the Marvel Cinematic Universe as we learn it. shared a few additional details about Larson's appearance, while fans shared a few pictures of their own.
    Japanese woman recognised as world's oldest person

    Japanese woman recognised as world's oldest person

    Kane normally wakes each morning at 6 am and passes the afternoons by studying mathematics and practicing calligraphy. They include Jiroemon Kimura, the longest-living man on record, who died soon after his 116th birthday in June 2013.
    Ireland vs France - Report - Six Nations 2019 - 10 Mar, 2019

    Ireland vs France - Report - Six Nations 2019 - 10 Mar, 2019

    The result means victory for the Irish against Grand Slam-chasing Wales in Cardiff on Saturday could yet sweep the title. Ireland coach Joe Schmidt said: 'To dominate like that in a Six Nations game is rare.
  • Trump expected to seek $8.6B for border wall in new budget

    Trump expected to seek $8.6B for border wall in new budget

    The government shutdown for 35 days beginning in December after Congress and the White House deadlocked on funding for the wall. The same thing will repeat itself if he tries this again. "Sorry, you're elected to deal, you've got to deal", said Rep.
    7 flu-related deaths reported this season Kelly Broderick 2:40

    7 flu-related deaths reported this season Kelly Broderick 2:40

    CDC officials say it's never too late to get vaccinated and the flu vaccination is your best defense for protection. The highest hospitalization rate last week occurred among adults 65 and older, at 107.7 per 100,000 population.
    ISPR DG trolls Indian cricket team with Usman Khawaja tweet

    ISPR DG trolls Indian cricket team with Usman Khawaja tweet

    However, Glenn Maxwell, who replaced his captain, added a quick 47 runs off 31 balls, hitting three sixes and as much boundaries. I was really disappointed with the way I got out. "Usman played a fantastic knock and Zamps bowled well".
  • Muguruza advances to Indian Wells fourth round after Serena retirement

    Muguruza advances to Indian Wells fourth round after Serena retirement

    One long backhand miscue by Williams sealed the first set for Muguruza after a promising start by the American. Williams was seeded 10th in her first tournament since a quarter-final exit at the Australian Open.
    Large study finds no connection between MMR vaccine and autism

    Large study finds no connection between MMR vaccine and autism

    They may also spread measles to people who can not be vaccinated because they are too young or have certain health conditions. Children with measles are quite ill and may develop complications such as pneumonia and encephalitis (brain inflammation).
    Suspect in Closs Abduction Says He’ll Plead Guilty

    Suspect in Closs Abduction Says He’ll Plead Guilty

    Following the appearance, Patrick Patterson said that he's sorry for what happened to Jayme. "I'm Sorry Jayme! For everything". He targeted the girl after spotting her a single time, by chance, getting off a bus near her home, prosecutors have said.
  • Remember: Clocks skip ahead overnight for daylight saving time

    Remember: Clocks skip ahead overnight for daylight saving time

    Experts in the field of sleep warn this yearly time ritual we've taken part in now for over a century can come with consequences. "The light that you receive immediately after waking up is very good to tell your biological clock to advance", Carrier said.
    'Worst owner in sport' has stunning response to fan heckle

    'Worst owner in sport' has stunning response to fan heckle

    There have been reports in December and again in February that Dolan is considering a sale of the Knicks . The fan responded that he was only stating his opinion to which Dolan replied, "it's not an opinion".

    "Captain Marvel" - Action Packed, Inspiring and Filled with Humor

    When moviegoers went to check out the newest Marvel movie " Captain Marvel ", none of them could guess what would happen next. Marvel also shared a few photos of Larson serving fans popcorn from the concession stand.

Most liked

Bayern Munich vs. VfL Wolfsburg - Football Match Report
Vedad Ibisevic was the hero and then a villain for Hertha Berlin in their 2-1 defeat at Freiburg on Saturday afternoon. Poland forward Lewandowski is now the top-scoring foreign player in Bundesliga history, with 197 goals.

Captain Marvel Eyeing $150 Million Opening Weekend Box Office
Released in the United Kingdom yesterday, Larson's Captain Marvel looks set for a huge box office opening weekend. The official " Captain Marvel " Twitter account shared photos of Brie with the delighted fans at the theater.

Handscomb, Turner help Australia give India a drubbing in 4th ODI
Marcus Stoinis was ruled out of the fourth ODI against India after sustaining a thumb injury during the third ODI in Ranchi. Virat Kohli got out for a single digit score after 31 ODIs as he was caught behind the stumps off Jhye Richardson's ball.

Two More Daesh Brides Stripped of UK Citizenship Amid Begum’s Row
Reema Iqbal , 30, along with her sister Zara, 28, are mothers of five children between them and are now living in a refugee camp. Begum's son is one of scores of children who have died fleeing from fighting in ISIS' last remaining Syrian enclave Baghouz.

Uh Oh: AOC Just Had Another Complaint Filed Against Her
It was a busy Saturday for several 2020 Democratic presidential candidates. John Kasich (R), who is also considering challenging Trump.

Rio Tinto's shares take hit after two analyst downgrades
The stock price showed -2.83% lower in value from one year high price and revealed 32.23% up in value from its one year low price. For example, a stock may near its 52 week low in a price correction after earnings expectations for future quarters were revised.

Moment diver was swallowed and then spat out by mammoth whale
The whole incident lasted only a couple of seconds before the whale released the 51-year-old from its jaw. Luckily for Mr Schimpf, Bryde's whales aren't known for eating humans and it just spat him back out.

England skittle out West Indies for 45 in Twenty20 demolition
The Windies total was the lowest ever made by a full member nation and just six more than the record low set by Holland in 2014. It was a forgettable night for the Windies and captain Jason Holder said: "I think it was just one of those games".

LSU suspends Will Wade indefinitely
Wade went a little further, citing a "two or three-year kid" in the context of what was apparently a good "offer". Today, ahead of LSU's season finale, the school suspended Wade.

Molinari fires sizzling 64 to win Palmer Invitational
His five-shot comeback was the largest at Bay Hill since Woods in 2009, which he won with a birdie from 15 feet on the 18th hole. First-round leader Rafa Cabrera-Bello was sharing second when his approach to the last found water and he dropped to nine under.

Jets trading for Raiders G Kelechi Osemele
The trades for Brown and Osemele can not be officially announced until the beginning of the new league year Wednesday. Osemele's performance dropped last season as he dealt with toe and knee injuries that limited him to 11 games.

Health officials: Measles case confirmed in Pima County
Complications from the illness can include pneumonia, inflammation of the brain, convulsions, deafness, brain damage and death. The outbreak was brought to New Zealand by a traveler. "All of these cases followed a measles case imported from overseas".

Atiku's dispute of elections result expected, says Buhari
Other key battle grounds that will be hotly contested between the APC and PDP are Kaduna, Akwa Ibom, Imo, Kano and Kwara. Votes are being counted in 29 of Nigeria's 36 states, after polls to elect state and local representatives.

Kelly Catlin, US Olympic Cyclist, Cause of Death Revealed
On Friday, March 8, Catlin's roommate discovered her body in their dorm room at Stanford University in California . Three-time world champion and Olympic silver medallist Kelly Catlin has died aged 23, USA Cycling has confirmed .

Trump expected to seek $8.6 billion for border wall in new budget
Trump took that step after Congress approved almost $1.4 billion for border barriers, far less than the $5.7 billion he wanted. Trump in December demanded $5.7 billion to help fund massive wall construction along the U.S. -Mexico border.