The first credit card was issued and used in 1950. The purpose of this was not only for identification, but a way to pay for something quick and fast, without cash. All your money would be stored in a bank. And when you "swiped" your card, that money would be used.
Now fast forward to the 21st century. Credit cards and debit cards are ubiquitous. More and more people have less cash in their wallets, and more credit cards. This has become such a trend that many chains recently have become "cashless." Some of these popular restaurant chains include Sweetgreen, Epic Burger, and Milk Bar. Another big establishment making the switch is Dig Inn. Here's all you need to know about Dig Inn going cashless and how the company has grown because of it.
What does cashless mean?
Credit cards and debit cards are becoming more and more popular these days. It is easier, and more convenient, for one to swipe a credit card instead of bringing exact cash to a restaurant. The idea of going "cashless" means that one specific restraints eliminates all cash in that place. This also means that one can only use a credit or debit card to pay.
How is Dig Inn going cashless?
The restaurant Dig Inn is a food chain located in Manhattan, New York. The city is one of the best places to find the newest and biggest trends coming and going, and the next one is going "cashless." Dig Inn has decided to go almost cashless. They are going cashless in the locations where their stores have 8% or less of the transactions in cash.
How does going cashless help chefs?
When working in a restaurant, there are many roles one can play. A chef, waitress, and hostess are just some of the jobs that they offer. Many fast food restaurants have an assembly-line type place, where a cashier stands at the end of the line. As you travel down the line, you pick what you want, and then pay when you get to the cash register. In some busy places, the line drags on and on. The line can get specifically long when a person is rummaging through their bag to find the exact cash. Then, the cashier has to get more cash to give them, which takes even longer.
Adding up this cash seems like a simple task, but it can take anywhere from a couple seconds to a couple minutes. These seconds seem small, but when you have hundreds of customers, they add up fast.
This takes time away from prepping in the kitchen, setting up for customer service, and overall food production. Going cashless in restaurants will force people to use cards, and will then cut down paying time in half. The end result, will allow workers to be worried about their customers satisfaction, not the amount of change they owe.
How is it safe?
As time goes on, people see more and more robberies in big cities, just like Manhattan. A high end restaurant with thousands of dollars in cash is a high target for robberies. Going cashless will help prevent restaurants to attract robbers. Even small chain restaurants, like Dig Inn, hold large amounts of cash in their register, that are a big target. Going cashless means that a restaurant will have no or little money in them.
How is it helping restaurants?
Restaurants are able to run smoother and safer with a this "cashless" idea. Going cashless forces a restaurant to build as a community and as food chain, while not having to worry about how much cash you have in the register. Dig Inn claims that dealing with cash costed about two hours every day. This is two hours that the workers can be focusing on the food and customers.
Dig Inn is one of the many restaurants that are trying and attempting the "cashless" lifestyle. I believe this new idea will soon take over all cash. I believe our world will become one where cash does not exist. For now, all we can do is eat and wait.