Why Sweden's cashless society is no longer a utopia

Why Sweden's cashless society is no longer a utopia | World Economic Forum

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"In the coming years, some hard choices will be required. One option is to do nothing, meaning we accept that the general public no longer has access to central bank money. Such a future would imply a changed scope for the public sector. The payment market would have to be regulated and supervised in new ways to meet fulfil the objective to have a safe, efficient and inclusive payment market.

A second alternative is to issue central bank money in a digital form, as a complement to cash and the money held in bank accounts. We call the concept ‘e-krona’ – after the Swedish currency, krona. Central bank-issued digital currency is a new and relatively unexplored possibility, but it is attracting growing interest from a number of central banks."

From "Why Sweden's cashless society is no longer a utopia | World Economic Forum".

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Comments

There is no excuse for not taking cards

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Financial Cryptography: Corda Day - a new force

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We could fix mobile security, you know. We don't, but we could

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