So how about something more radical? Let's give up currency all together. No more coins. No more bills. I use electronic transactions, mostly my credit card, for nearly all purchases now. Many places don't require a signature for under $25, making the transaction faster than cash. I don't even slow down to pay tolls anymore on the Illinois Tollways. Surely we can make that final push to remove cash from the rest of the transactions.
We certainly have the technology today to eliminate currency. There will be some costs involved but with the savings for the government, banks and businesses of not having to deal with cash, we should be able to supply all Americans and visitors with smart cards. We can even put pictures of presidents on the cards to keep with tradition.