July 16, 2020
A nationwide coin shortage is hitting major retailers across the US. Walmart is the latest retailer, and the largest, to announce, customers must use credit and debit cards when making purchases.
“Like most retailers, we’re experiencing the affects of the nationwide coin shortage,” Walmart spokesperson Avani Dudhia told FOX 8. “We’re asking customers to pay with card or use correct change when possible if they need to pay with cash.”
Cash-paying customers are still welcomed at all stores, though self-checkout registers will only allow customers to pay with a card.
Federal Reserve Chairman Jerome Powell recently said virus-related lockdowns raised concerns about coin circulation. He told AP that the “flow of funds through the economy stopped” due to closures in the economy.
Walmart was not sure how long the ban on money at self-checkout registers would last, considering it’s a nationwide issue.
We’ve noted a handful of retailers so far that have banned cash/coins, including Kroger, Meijer, Dollar Tree, and Wawa.
Twitter users seem to think the pandemic was a cover by elites to push a “cashless society:”
The pandemic could be ushering in structural change, that is, a cashless society.
This article was posted: Thursday, July 16, 2020 at 2:58 am