[Insight] Sweden is on its way to becoming the first cashless society on Earth

[Insight] Sweden is on its way to becoming the first cashless society on Earth

Originally published at knowledge.fredfarid.com.

For many years, Sweden has been shifting toward a cashless system. The reasons for this are many: Swedish embracement of new technologies, the growth of mobile payment systems and a governmental fight against corruption, which helps citizens feel safe about digital money transactions. Yet, to the question: will Swedish kronor disappear?

Experts suggest not, that Sweden might never be entirely cash-free. Digital can’t be blamed for this. This is based on emotions: people will always be sentimentally tied to the country’s bank notes, even if they don’t to use them.

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