Congressional Research Service Report Considers Cryptocurrency, Cash Use

The Congressional Research Service, whose role is to advise members of Congress with nonpartisan information, has come out with a report on whether cryptocurrency will overtake cash in Americans' purchases, according to Roll Call.

Opponents of cashless retail claim cashless enables discrimination against people with lower income, who may not have access to credit and debit cards or bank accounts. The Congressional Research Service report states the frequent fluctuating value of cryptocurrency would require repricing, which may cause confusion in the market.