Digital World Pushes Sweden Towards a Cashless Society (Video)

Sweden was the first European state to print bank notes 350 years ago, and now it looks like they may one day be one of the first nations to go cashless.

Currently cash is used in 42 percent of the transactions in Sweden and it’s expected to keep dropping reports Bloomberg in the video report above.

Already some stores in the Swedish capital Stockholm refuse cash and many bank branches no longer carry hard currency.

Even homeless vendors selling magazines use wireless card readers to enable transactions via debit or credit cards.

With a highly digital population, it means it’s possible that cash in Sweden will be made redundant sooner, as opposed to later.

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