Cryptocurrency Q&A Should the U.S. discontinue the penny?

Should the U.S. discontinue the penny?

Carlo Carlo Tue Nov 26 2024 | 6 answers 1685
I'm considering whether the U.S. should discontinue the penny. It seems like a small and often overlooked coin, but I'm curious about the potential impacts of such a decision. Would it affect the economy? What about pricing? I'd like to understand the pros and cons. Should the U.S. discontinue the penny?

6 answers

Martina Martina Wed Nov 27 2024
Their stance is rooted in concerns about the potential effects on consumers.

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GwanghwamunGuardianAngelWingsBlessing GwanghwamunGuardianAngelWingsBlessing Wed Nov 27 2024
Attempts to phase out the penny have encountered significant opposition.

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GyeongjuGlory GyeongjuGlory Wed Nov 27 2024
Specifically, they worry about the repercussions for individuals who rely heavily on cash transactions.

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EthereumEliteGuard EthereumEliteGuard Wed Nov 27 2024
A major stakeholder opposing this move is the zinc industry.

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charlotte_bailey_doctor charlotte_bailey_doctor Wed Nov 27 2024
This industry supplies the metal essential for minting pennies.

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