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
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.
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
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)/¯
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).
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.
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.
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
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.
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
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?
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)/¯
I was at the Whitecaps game and an American in the crowd actually yelled “our dollar is worth more!” to chirp the Caps.
I yelled back “not for long!”
That doesn’t say it changes hands “all over the world” though. physical USD isn’t used in the vast majority of the world.
Bet you there’s more countries using physical euros than American dollars. We’ve got a bunch in Europe :)
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).
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.
Yes, but do you not always have some cash on hand, anyway? And btw, Marijuana dispensaries are pretty popular. Cash only, usually.
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.
deleted by creator
There is actually more us currency in circulation outside of the us than inside.
Drugs and petroleum trade in dollars
here in Costa Rica people will usually accept USD as payment
the fact that there’s a lot of tourism here contributes to the widespreadness of the US dollar