Is Cash Still King? It’s Complicated

To many on the forefront of technology, a cashless society sounds like a dream. Retailers and restaurants can’t seem to ditch it fast enough. But for the poverty-stricken and others navigating the U.S. economy without much money, cash is still king. Andrew Mach speaks to Bloomberg News reporter Krista Gmelich about how far the movement has gone and how much further it has to go. FOLLOW UP Bloomberg's latest report: As Amazon Leads Cashless Charge, States and Cities Push Back You can follow Krista at: @kgmelich ---- TicToc is a daily news podcast hosted by Andrew Mach (@andrewjmach), produced at Bloomberg Worldwide HQ in New York City. You can follow up with us and watch our reporting @tictoc. If you like it, be sure to rate us on iTunes, and tell your friends!