{"id":5548,"date":"2015-06-29T09:57:45","date_gmt":"2015-06-29T16:57:45","guid":{"rendered":"https:\/\/www.swedishfreak.com\/?p=5548"},"modified":"2017-10-07T10:00:11","modified_gmt":"2017-10-07T17:00:11","slug":"will-sweden-be-the-first-country-to-get-rid-of-cash","status":"publish","type":"post","link":"https:\/\/www.swedishfreak.com\/2015\/will-sweden-be-the-first-country-to-get-rid-of-cash\/","title":{"rendered":"Will Sweden Be the First Country to Get Rid of Cash?"},"content":{"rendered":"

When I lived in Sweden 3\u00a0years ago (I can’t believe it has been that long already!), I remember a “betala med kort” campaign that we got in the mail in Skellefte\u00e5<\/a>.<\/p>\n

The campaign read that it is better to NOT have cash on you. With cash, you are more vulnerable to theft. Pay with your card instead and lower crime. Apparently, 5 banks started this campaign around Christmas time\u00a0in 2005. I lived in Sweden from 2010 to 2012.<\/p>\n

\"betala-med-kort\"<\/a>
Foto: bj\u00f6rn linDAHL<\/figcaption><\/figure>\n

I thought this was very interesting, and I have already told people that Sweden will probably be one of the first countries to get rid of cash and go completely to digital payments.<\/p>\n

How does it look so far? Well, 8 out of 10 shops and restaurants take cards, and many shops are completely cash free already. This is all without passing legislation.<\/p>\n

Denmark is looking to pass some legislation<\/a> this summer that gives shops and restaurants the right to refuse cash, and people are saying that they may be the first country to go digital in the money department.<\/p>\n

However, Sweden is way ahead of the game, in my opinion. Even their online banking is amazing for paying digitally.<\/p>\n

SwedBank<\/a> has an amazing system for purchasing items online. You basically generate a credit card with as much limit as you want on it. So if you are purchasing items for $48, you can create a card for $48 that expires in 3 months. This way, if someone steals your information, the card will already have reached the limit. Genius!<\/p>\n

According to Aftonbladet<\/a>, 95% of payments are already done by credit card. \u00a0It is one thing to pass legislation. It is another to have your society naturally move in that direction.<\/p>\n

What do you think? Will Sweden be the first cashless country? Is that a good thing or does that terrify you?<\/p>\n","protected":false},"excerpt":{"rendered":"

When I lived in Sweden 3\u00a0years ago (I can’t believe it has been that long already!), I remember a “betala med kort” campaign that we got in the mail in Skellefte\u00e5. The campaign read that it is better to NOT have cash on you. With cash, you are more vulnerable to theft. Pay with your … Read more<\/a><\/p>\n","protected":false},"author":20,"featured_media":5550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[372,371,373],"yst_prominent_words":[1804,651,1799,1796,1797,892,1802,1795,1800,1798,1803,1794,1429,1805,596,1801,1022,1183,1793,598],"_links":{"self":[{"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/posts\/5548"}],"collection":[{"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/comments?post=5548"}],"version-history":[{"count":1,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/posts\/5548\/revisions"}],"predecessor-version":[{"id":7116,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/posts\/5548\/revisions\/7116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/media\/5550"}],"wp:attachment":[{"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/media?parent=5548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/categories?post=5548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/tags?post=5548"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.swedishfreak.com\/wp-json\/wp\/v2\/yst_prominent_words?post=5548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}