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The empty promises of a cashless society

By Dominic Reed, published on Mar 28, 2016

Some people are already calling the note to be consigned to history, and Scandinavian countries want to be on that frontline. Yet, despite the arguments for a cashless society, often described as “futuristic” and “cool”, there are many setbacks purposefully not highlighted.

Sweden is one of the few countries to move forward the “cash-free transition.” In Stockholm, parishioners have started texting donations to their churches and sending money through phone apps. Street vendors carry mobile credit-card readers, and “even the Abba Museum, despite being a shrine to the 1970s pop group... (more)

Tags: dollar, europe, sweden, coins, cash, atm, banknotes, scandinavia, cashless

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