Cash has almost gone extinct in Sweden

[learninmypc]

Nice thing about ca$h is you don't need to remember any PIN number

 

[RFSCAN]

I've been live without cash in Shanghai for more than 5 years. Use smartphone apps, Alipay or Wechat pay, you can buy anything you want,

 

[KernTUG]

Denmark too.
I haven't used cash in 20 years and I love not having bills and coins in my wallet.
I recently sold my monitor and was payed in cash which is a nuiceance for me since I can't easily deposit them in between work, pick up children, making dinner etc.

It's so weird to visit other european capital cities where cash is still used alot. If you lose/get your card stolen you can immediately block it but cash is lost.

Cards are so easy to use and makes it easy to track my budget.

 

[Dosahka]

Denmark too.
I haven't used cash in 20 years and I love not having bills and coins in my wallet.
I recently sold my monitor and was payed in cash which is a nuiceance for me since I can't easily deposit them in between work, pick up children, making dinner etc.

It's so weird to visit other european capital cities where cash is still used alot. If you lose/get your card stolen you can immediately block it but cash is lost.

Cards are so easy to use and makes it easy to track my budget.

Since I live in the UK, I try to reduce my cash usage (don't even have a real wallet, but a digital one), for me the easy to se through my spending if using card than cash, also my brother is obsessed with money and saying "cash is the king" and I always telling him that "only drug dealers and black market users using cash anymore, are you one of them?"
Also there is an app called Yolt, which helps me track my budget.

 

[Theinsanegamer]

In every day use I'll never stop using cash. Electronic is only for internet and nothing more.

By surrendering your right to cash you surrendering core value of privacy. On the other hand by using cash you're worst kind of economic thief because government cannot control your money. And I like that warm fuzzy feeling inside. Criminals (read: governments) spy on you the second you go electronic.

Like Twain said. Nothing is safe when government try to "help" citizens. Not your money, not your stuff, and certainly not your life. Keep that in mind.

Argument about robberies is retarded. Stolen money from banks is NEVER reported unless it's really catastrophic in nature. Banks don't do that to protect "reputation" which is 0 anyway. And every few months at least few major banks fail stress-tests. Which means that there is no money in the bank. That's very reassuring...

So, you are so paranoid about the government spying on you through a credit card (completely unsubstantiated, credit cards do not have GPS in them and the only companies watching purchases are the card issuers themselves) I'm guessing you walk in, thinking how amazing it is you are "sticking it to the man" with your cash....while carrying a cell phone. Which can be traced and watched. By that very same government. You then go to brag about how you avoid government spying. On the internet. Where everything is tracked by somebody.

Oh, BTW, your money is only safe and useful because the government says it is. Keep that in mind.

 

[Reachable]

These electronic payment systems are administered by private banks, so they siphon off a percentage of the economy. On the other hand it saves the expense of printing, stamping, distributing and counting physical currency. The e-krona sounds intriguing and could be the best solution, to be emulated by other countries.

A cashless economy is an uncomfortable thought, because it means that there's an incredibly fragile and delicate spider web with everybody stuck like flies to it.

 

[Theinsanegamer]

These electronic payment systems are administered by private banks, so they siphon off a percentage of the economy. On the other hand it saves the expense of printing, stamping, distributing and counting physical currency. The e-krona sounds intriguing and could be the best solution, to be emulated by other countries.

A cashless economy is an uncomfortable thought, because it means that there's an incredibly fragile and delicate spider web with everybody stuck like flies to it.

How is it any more fragile then paper money, which only has value as long as the government says it does? The same protections apply to your virtual dollars as physical ones, and given the article states that over 90% of transactions in the US and EU are digital now, if virtual was more fragile, it should have become an issue by this point.

 

[Reachable]

How is it any more fragile then paper money, which only has value as long as the government says it does? The same protections apply to your virtual dollars as physical ones, and given the article states that over 90% of transactions in the US and EU are digital now, if virtual was more fragile, it should have become an issue by this point.

If you analyze it there really isn't much of a difference between a cashless economy and what we have now. What bothers me is that you have to be a "card carrier" to participate in it, even to buy a trinket at the drugstore. This just bothers me. Everything you buy is recorded. Something we're all getting used to.

 

[quadibloc]

If electronic transactions involve fees, I'm surprised that there had been any movement towards using electronic payment systems instead of cash in Sweden. Of course, it could be that Swedes are more tolerant of this for some reason; perhaps there is a visible sales tax in Sweden? Although in North America, the fee for debit card purchases is much higher than any sales tax, except on large purchases.

 

[quadibloc]

How is it any more fragile then paper money, which only has value as long as the government says it does?

Well, if I use a debit card to pay for something, the units on my account are still in the national currency, so I am not replacing the fragility by something else, I am adding an extra layer of fragility.
If we went back to gold and silver coin, without also having paper money created by a fractional reserve banking system, there would not be enough money to start businesses, so many people would be needlessly out of work, which is why they started using paper money in the first place.

 

[flyboydale54]

Implanted microchips are the mark of the beast. Sweden's no currency is the following of their worshiped New World Order. Sad situation on both issues.

 

[cliffordcooley]

How is it any more fragile then paper money, which only has value as long as the government says it does?

That is not completely true. Government can not do anything without the mass majority of people agreeing. There hands are tied by the people, even if the majority are puppets blindly following. It is not the government putting value on the dollar, it is the people who place value in bartering. The government lack of regulation on who's time is valued more is the problem. As long as there is value in the dollar I will feel way more secure holding that value in my hand, than a card sized symbol of what was put in a bank. When you place your money in a bank that essentially puts your pocket all around the world. It only takes one person around the globe to figure out how to get in. There are allot of smart people around the world.

 

[That Dude There]

I also read they are putting chip implants in most swedes. This is where the world is heading once they crash the world. We could be all wealthy if they didn't want this. Yes I have to say it. It's chaos and war to depopulate, and it's going worldwide. The bible warned us of all this so don't fall for the satanic deception and turn to Jesus.

 

[Danny101]

Given how fragile digital security is and that simply using a card adds a layer of costs, cash is still viable. It's possible to structure your accounts for extra protection, but certainly isn't foolproof.

 

[DelJo63]

When traveling in Western Europe, the preferred transaction is CASH and US Domestic cards (credit and debit) all get hit multiple transaction fees.

 

[Sausagemeat]

Nice thing about ca$h is you don't need to remember any PIN number

Of course you do, how else do you withdraw it?

 

[learninmypc]

Of course you do, how else do you withdraw it?

I don't & can't explain.

 

[Black Knight 6]

It's silly to argue about "how much better is no-cash"....
Cash is something physical, that you are in CONTROL of.
Virtual money is something "imaginary", easily manipulated by "big brother".
Cash = freedom, virtual money = dictatorship
Virtual money = transaction costs = more money for the bank.
You give money to the bank = bank make money from transaction costs and services
but also You give money to the bank = bank makes more money from your money by investing and spending your money for their benefit
All in all, real winners for digital, "virtual" money are the banks. And what you do when you sign-up for this is giving part of your freedom.
Only a fool would argue that something Digital is safe... or that it can't be hacked, manipulated, etc...