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⌸ EN Magazine The Death of Cash

Discussion in 'Sweden' started by KashGo, Dec 19, 2023.

  1. KashGo

    KashGo Addicted member
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    Even before the pandemic, economists were discussing the end of cash as we know it. During and after the pandemic, many payments became electronic to minimise the spread of the infection.

    The pandemic fuelled bank branch closures, and many businesses went completely cashless. Consumers are swiping cards or flashing apps on their phones for contactless payments.

    But is this the financial utopia we think it is? We look at Sweden, which is leading the charge in digital payments and explore the advantages and disadvantages of a cashless society. For comparison, we explore how contactless payments are viewed in the UK.

    Read the article: The Death of Cash

    What are your habits? Do you use massively the digital payments? Do you pay with your mobile phone?
     
  2. MoonlitSoul$

    MoonlitSoul$ Active Member
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    Honestly, going cashless can be pretty convenient. No need to carry around a bunch of coins and bills that can get lost or stolen. Plus, it's faster and easier to make payments with just a swipe or a tap.
     
  3. Cyrilexpat

    Cyrilexpat Administrator
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    True... until you have a technical problem as it happened in the past for some banks (Natwest or Royal Bank of Scotland for instance) and then it becomes a nightmare :(
     
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