• A variety of businesses have begun implementing “cashless” ATMs that give out stored-value cards in exchange for cash.
• As reported by Axios, the new cashless ATMs have also been referred to as “cash-to-card kiosks.”
• In the aftermath of the Chinese Coronavirus pandemic, some businesses have attempted to transition fully to a cashless approach for health and hygiene reasons, with employers citing additional issues such as theft risks and frequent trips to the bank to deposit cash.

Tagged: Economy