WHY BOTHER USING CASH…???
Let’s imagine you have a $50 banknote in your pocket. You go to a restaurant and pay for dinner with it.
The restaurant owner then uses the same bill to pay for laundry.
The laundry owner then uses the same bill to pay the barber.
The barber will then use that same bill at the grocery store.
After an UNLIMITED number of payments, the banknote remains a $50 bill.
However if you pay for your meal digitally at the restaurant, the bank fees for your payment might be 3%, around $1.50. The laundry owner, barber and grocery store will also pay the same $1.50 fee......
Therefore, after 30 transactions, the initial $50 will be only $5!
The remaining $45 is profit for the banks!
Let’s keep cash amongst our communities instead of into the grubby pockets of banks.
USE CASH WHENEVER AND WHEREVER YOU CAN
