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Canada did it years ago.
Ends up being a benefit for companies since they ensure that all prices inevitably round up when you use cash.
Other than that it’s a non issue if you don’t use cash.
Whenever I get pennies (or any change less than a quarter, really, and only then because quarters are useful for vending machines), it goes into the ‘Take a penny, leave a penny’ cup or a tip jar anyway. I use cash rarely enough as it is and I hate having change in my pocket.