Since my post about VISA not being money, I have taken it upon myself to take possession of what’s in my accounts and turn it into physical coinage.
Let me just point out, it is a work in progress. The banks are very particular about how much coinage I can withdraw as a person. From my business account, on the other hand, they let me put in an order for boxes of coins with very little trouble. Just have to wait a week, not so bad.
In the meantime, I have been watching how people react when I pay in coins. And I simply love watching their faces light up when I pay in exact change. Sure, at first it took some getting used to – just as any skill does. Now that I have the knack for paying in exact coinage, I am obsessed with it.
I can hardly wait to see what comes of taking possession of an abundance of coins. I will say, as a self-proclaimed entrepreneur, that it is exciting to know that I am bringing much needed supply to such a great demand.
It surprised me that people used cash as much as they do in Mexico. In fact, it is preferred by nearly everyone. Contrast that to the United States, nearly everyone uses VISA.
Isn’t it strange that the preferred means of being paid in the U.S. is not in money directly? In the U.S., how people buy their favorite coffee, groceries, ice-cream, jewelry, and gas is in credit channels.
Truthfully, I have to ask if people take cash. Doesn’t that seem odd that there is a trend to move towards payment channels like visa, and not a preference for money?
But here’s the scary part.
How far-fetched would it be if your VISA bank card no longer worked because of something you did or didn’t do, like where you do or don’t live; and now, you can’t buy groceries? That would be scary, wouldn’t it?