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Illustration: Sarah Grillo/Axios

While Big Tech is increasingly on board with helping Americans emulate the rest of the world on cashless payments, there's a growing backlash at home against stores that don't take cash.

What's happening: The push against cashless is reaching companies.

It began in Philadelphia and has since spread to New York, D.C., Chicago, San Francisco and beyond.

  • An Amazon spokesperson told Axios the company is exploring a cash option at its Go stores.
  • Standard Cognition, a Silicon Valley startup that outfits existing stores with automated checkout, said it is doing the same.

The big picture: As we've reported, the U.S. still leans on cash. Around 30% of all U.S. business is still done in cash, not credit cards — some 14 million Americans have no bank account.

  • Over the last two years or so, Chinese tech giants Alibaba and JD.com have wholly eliminated checkout in hundreds of stores. American counterparts Amazon and Walmart, meanwhile, are only starting to debut such technology in a few flagship locations.
  • But unlike in China, local U.S. movements are working to keep cash alive.

The bottom line: While adding cash could make these futuristic bodegas accessible to millions more Americans, it will add hiccups to the streamlined “just walk out” checkout model that many of these companies originally touted.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1 p.m. the day after the article is transmitted.

Dan Primack, author of Pro Rata
53 mins ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.