New York is on track to ban cashless businesses after the city council voted to join San Francisco and Philadelphia in requiring brick-and-mortar stores to accept cash.
Under the law, food and retail establishments would have to accept American bills and coins or face a fine. Mayor Bill De Blasio is expected to sign the bill, his office told CNN.
“When you open a dollar bill, it reads ‘This note is legal tender for all debts, public and private,’” said Councilman Ritchie Torres, the sponsor of the bill. “Cash ought to command universal acceptance.”