Sweden leads the race to become cashless society
theguardian.com
Sweden leads the race to become cashless society
1–10 of 74 posts
Re: Sweden leads the race to become cashless society
#2The busses have refused cash for years now, mostly for security reasons. But the other day one of my favorite cafés also declined the kingly payment method. A good sign indeed. :) A perhaps even better one is that one of the lunch places I go to no-longer requires my pin code when I pay by card. :D
Progress! :)
Re: Sweden leads the race to become cashless society
#3Which is pretty much proportional to the adoption of negative interest rates, which wouldn't really be possible on such scale without eliminating physical cash.
Re: Sweden leads the race to become cashless society
#4In a cashless society all transactions are controlled and monitored by third parties. There is no potential for individual volition except at the whim of those controlling the systems. Cryptocurrencies will mitigate this slightly but the loss of cash is going to be a huge blow to the individual.
Re: Sweden leads the race to become cashless society
#5Ehhhhhh I think Britain is closer. Contactless payment methods are significantly more common in London. (In fact you'd be hard pressed to say a business which doesn't accept contactless /and/ Apple Pay)
I live in Sweden and there are places that won't take VISA- and banks only give out mastercards which cost the consumer monthly. Not to mention the fact that contactless and Apple Pay are nowhere to be found.
Maybe it's different in Stockholm but in Malmö you can definitely see a negative disparity when compared to Britain.
Re: Sweden leads the race to become cashless society
#6Ehhhhhh I think Britain is closer. Contactless payment methods are significantly more common in London. (In fact you'd be hard pressed to say a business which doesn't accept contactless /and/ Apple Pay) I live in Sweden and there are places that won't take VISA- and banks only give out mastercards which cost the consumer monthly. Not to mention the fact that contactless and Apple Pay are nowhere to be found. Maybe it…
I moved from Stockholm to Edinburgh about a year ago and I definitely use cash a lot more here. Sure contactless is more widespread, but a lot of places don't accept cards or have a minimum spend amount for card transactions.
When I lived in Stockholm I believe I went 6 months without handling any cash, here I can barely last a day without it.
Re: Sweden leads the race to become cashless society
#7I live in Stockholm and haven't used cash for several years. I have no cash on me ever, no coins, nothing. It's liberating. I get very annoyed when travelling and I rediscover the cash-based society and the need to always predict how much cash to carry.
Re: Sweden leads the race to become cashless society
#8In a cashless society all transactions are controlled and monitored by third parties. There is no potential for individual volition except at the whim of those controlling the systems. Cryptocurrencies will mitigate this slightly but the loss of cash is going to be a huge blow to the individual.
I find this approach really curious. All the transactions can be monitored by third parties anyway as all the pos systems are networked and subject to even lesser legal scrutiny than banks. Random adverisers can and do build comprehensive profiles. A company is us claims to have full profiles of all Americans. And yet, if there's a chance a citizen might benefit either via less hassle as in the cash case or via better gov services, everybody goes "but think of the privacy". As a result, societies get downsides of both: there is no privacy whatsoever but no value generated for the citizen.
Re: Sweden leads the race to become cashless society
#9In a cashless society all transactions are controlled and monitored by third parties. There is no potential for individual volition except at the whim of those controlling the systems. Cryptocurrencies will mitigate this slightly but the loss of cash is going to be a huge blow to the individual.
I find this approach really curious. All the transactions can be monitored by third parties anyway as all the pos systems are networked and subject to even lesser legal scrutiny than banks. Random adverisers can and do build comprehensive profiles. A company is us claims to have full profiles of all Americans. And yet, if there's a chance a citizen might benefit either via less hassle as in the cash case or via better gov services, everybody goes "but think of the privacy". As a result, societies get downsides of both: there is no privacy whatsoever but no value generated for the citizen.
Re: Sweden leads the race to become cashless society
#10In a cashless society all transactions are controlled and monitored by third parties. There is no potential for individual volition except at the whim of those controlling the systems. Cryptocurrencies will mitigate this slightly but the loss of cash is going to be a huge blow to the individual.
No cash removes individual volition? Will everyone get a list each month of what to buy?