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Trench Warfare
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I was wondering if you had seen the information on El Salvador adopted the cryptocurrency as legal tender.
https://financialpost.com/fp-finance/cryptocurrency/in-el-salvadors-bitcoin-beach-digital-divide-slows-uptake
Possible Solari theme for (any) upcoming Money & Markets: “The Pushback.” We need to share these stories in order to build the field. Thanks!
Yes. Great pushback happening. Next campaign is ….CASH FRIDAY. Only use cash on Friday.
I love cash Friday! I use cash regularly. Much of my business, large special events, is cash only. It is getting more and more difficult to get change orders. One of my events requires nearly $30,000 in small bills and quarters for starting banks. Even to pick up $10k, I have to pre-order 3 weeks out. i left Wells Fargo over 10 years ago as they could not fulfill my orders.I had to drive to 7 branches just to get $7,000 in ones.
A friend went to a hockey game recently here in Colorado and the arena was charging an extra $5 if you used cash to pay for parking! Which used to be cash only…
The plandemic has nearly killed that side of my business. You talk about targeted individuals, I am in a targeted industry.
A few data points.
– grocery chain with one cash queue in 2020 is now accepting cash on all registers
– Home Depot seems to be 50/50 cash vs card registers
– Cash-only, indie small businesses often have above average products/services
Okay, I love the idea, but Catherine, please teach us how using cash only one day out of the week, hurts them back?
I love conspiring together with y’all.
I like that!