That's what I thought too but then I googled it.
https://www.federalreserve.gov/faqs/currency_12772.htm
There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.
Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor.
TheGrinder
npub1de…0q0sd
2023-12-19 17:30:41
in reply to nevent1q…pxmk
Author Public Key
npub1de6l09erjl9r990q7n9ql0rwh8x8n059ht7a267n0q3qe28wua8q20q0sdPublished at
2023-12-19 17:30:41Event JSON
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"content": "That's what I thought too but then I googled it.\nhttps://www.federalreserve.gov/faqs/currency_12772.htm\n\nThere is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.\n\nSection 31 U.S.C. 5103, entitled \"Legal tender,\" states: \"United States coins and currency [including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks] are legal tender for all debts, public charges, taxes, and dues.\" This statute means that all U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor.",
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