Why it’s OK to use cash during the pandemic, even if the stores don’t like It

Article Link: https://business.financialpost.com/moneywise/why-its-ok-to-use-cash-during-the-pandemic-even-if-the-stores-dont-like-it

Discussion posted by: itzfitzheretwo

Shoppers and retailers alike have been avoiding or even refusing cash transactions during the coronavirus pandemic, but the Bank of Canada says the risk isn’t as great as you might think. In late May, the central bank urged retailers to continue accepting cash while encouraging consumers to use whatever method of payment they’re most comfortable with. “There are many individuals who, for a variety of reasons, do not have access to credit or debit cards and must pay with coins and bills,” says Dr. Isaac Bogoch, an infectious diseases physician and scientist with the Toronto General Hospital Research Institute, in the bank’s press release.