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Why didn't cash cards catch up?

A few years ago it looked like smart money cards (cash cards) are about to take over and get into daily use and replace cash -- especially coins -- for most of us. This didn't really happen. Does anyone know why?


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The infrastructure needed to support this extensive.  Merchants simply weren't interested in making the investment required.  Special cards readers are needed at the point-of-sale, as well as a a non-trivial network.


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