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[–] 34 points 6 months ago (15 children)

I love the idea but the OP knows physical American cash isn't used around the world though, right? Like yes a lot of trade is done in USD but most people outside of their country have never seen an American bank note before unless they've visited the US or been one of the many people yelled at by American tourists for not accepting USD

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  • [–] 33 points 6 months ago (6 children)

    You're kinda wrong man. There's a bunch of counties where dollars are essentially the main currency. I go to Lebanon often and yeah, USD is the main currency, esp after the financial crisis a few years ago. There's also Ecuador where USD is the actual official currency.

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  • [–] 21 points 6 months ago (3 children)

    I mean, yeah, I realise that but I wasn't going to write out that there are exceptions with some unstable countries using it. The OP writes as if the whole world like Canadians, Portuguese, French, Chinese, etc, etc, are using USD daily. I wouldn't point this out if I hadn't literally met Americans who were confused that the USD isn't the only currency in the world

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  • [–] 12 points 6 months ago (2 children)

    Met more than one American in Brazil who was shocked that people there actually lived in Portuguese and didn't speak English at home.

    I guess they thought all of bossa nova was some kind of tourist trap thing?

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  • [–] 6 points 6 months ago* (1 child)

    Yeah American ignorance is something else. Here in Canada, we often do take USD but at an equal exchange rate which means the Americans are just screwing themselves out of more money. I guess it could be considered a currency conversion fee ¯\(ツ)/¯

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  • [–] 10 points 6 months ago (4 children)

    physical cash isn't really used in America either.... I mean... I can't even remember the last time I paid for something with cash or was handed cash. Almost everyone just pays with card (or phone tap, etc etc).

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  • [–] 1 point 6 months ago* (last edited 6 months ago) (3 children)

    Yeah I had to think for a sec, why do I even have cash? Then I remember bars. Some bars are cash only even. And it’s just easier to pay and tip per round that way sometimes.

    Edit: but that’s about it. For people who don’t go to bars, which is probably a good majority of people, I don’t know what they are using cash for. Possibly flea markets and garage sales. But that’s another niche group. Strip clubs, also niche. Drug deals, that’s probably not as niche as some might think. Though I’d guess about equal to the bar crowd in size? People with bad credit history and have problems getting bank accounts? Is cash only still a thing in order to accommodate these various niche use cases? I suppose so.

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  • [–] 2 points 6 months ago

    A lot of places around me have started passing on the fees for using a card to pay, so it costs less to pay with cash.

    I strongly prefer that over cash subsidizing those card rewards programs, but it makes using the cards pretty pointless unless it’s for big purchases that tack on a flat fee rather than a percentage, since the rewards programs are usually so limited.

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