Cashless ATM cards? Bad idea.

A report by Eric Lendrum at American Greatness references “cashless” ATMs – an obvious step on the way to digital currency.  Mr. Lendrum points out that several cities and states have banned cashless ATMs.  Ohio is not yet one of them:

A variety of businesses have begun implementing “cashless” ATMs that give out stored-value cards in exchange for cash.

. . .

However, several states and cities have passed laws to forbid businesses from doing so, in order to accommodate customers who don’t have bank accounts or credit cards of their own. The Federal Deposits Insurance Corporation (FDIC) says that these “unbanked” Americans account for roughly 4.5 percent of the overall American population.

The cities that have banned such devices include New York City, San Francisco, Washington D.C., and Philadelphia. The states of Colorado and New Jersey have also implemented bans on cashless ATMs.

The complete report is here.  It’s one way to resist Central Bank Digital Currency.  Well, at least it’s a start.

RELATED:  Justin Haskins at Fox News:  “Biden administration is quietly planning for a future where you don’t own money”

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