VISA offers restaurants $10,000 to stop accepting cash
For those who are interested in these kind of things, you should check out UPI API built by the government of India. With a singular goal - to kill Visa and MasterCard and make digital payments free in India.<p>The ultimate goal is to tax on consumption - tax payer base in the world&#x27;s fastest growing economy is abysmally small. So the economists kind of gave up there and leapfrogged into building a digital economy : make all transactions free and charge GST on consumption.<p>The API is brilliant - recurring charges, refunds, text message payments, etc - basically all the venture funded startups in the US are all free in India.