In this rapidly changing world where everything is moving to
technology, Sweden is quickly moving towards completely abolishing their paper
currency and evolving to a completely digital society. The country is working to persuade its
citizens that digital payments are safer compared to carrying cash. This is clearly something that has become
popular among the younger generation who are comfortable with today’s ever
changing technology, and Sweden is seeing vast changes where some banks no
longer have ATMs and public transportation tickets can be paid for using mobile
phones. The circulation of cash is
dropping quickly throughout Sweden and many businesses are moving to accepting
only digital payments.
With Sweden at the lead it seems as though carrying cash is
becoming a dying art. With more and more
sophisticated payments systems being developed each year it is interesting to
think when we will reach this world without cash. From dealing with privacy issues and cyber crimes to a world with a universal currency, it is very interesting to
imagine where this path may take us.
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