Legal Seminar, Denver, CO

Cash and Cashlessness • Cash was an innovation in its time! • Fiat currency as legal tender.

– 31 USC 5103:  “United States coins and currency …  are legal tender for all debts, public charges, taxes,  and dues.” – States may have their own rules, but this law does  not prevent private ordering by merchants.  • E.g. United Airlines requires a payment card onboard • Some businesses experimenting with cashlessness • Cashless trends occurring outside US, too.