[darth_skywalker]

>> Accepting cash endangers the lives of employees and generally enables all sorts of financial shenanigans.

Financial "shenanigans" seem to be more likely with credit/debit cards actually.

[topkai22]

I think the shenanigans referred to are on the part of the merchant (not reporting income, stealing from the till or enabling bribes) rather than the consumer (card fraud, etc.)

[mullingitover]

There's something like 2 trillion dollars laundered annually, and a lot of this happens through shops that use anonymous cash transactions to do it.

[dredmorbius]

Source?

[mullingitover]

> "The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars. Though the margin between those figures is huge, even the lower estimate underlines the seriousness of the problem governments have pledged to address."

https://www.unodc.org/unodc/en/money-laundering/globalizatio...

[dredmorbius]

I meant source for "a lot of this happens through shops that use anonymous cash transactions".

$2 trillion in $10 bodega transactions is 200 billion bodega transactions. Something tells me it's not the silver in the till that's the main problem. Or even the notes.

[NotSammyHagar]

Agreed. Plus there's a complete loss of anonymity with ubiquitous credit card use.