One country is doing away with cash!

sort of funny, they went from having 110 robberies to over 20 thousand digital robberies, but it is supposed to lower crime?

I think the real reason for pushing this sort of thing is that it can generate more profits for banks, no reason to hire a teller, plus the bank gets a fee of 80 cents on every transaction where a card is used.

 

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How would one tip a stripper?

 

Side note - the Swedish central bank just presented the winner of the design contest for the new (2015-) paper money series. At some point in the future the country may go cashless, but for the time being they make their cash attractive. Attached is an image of the 100 kronor note design, featuring Greta Garbo. The actual notes are likely to look a little different, but you get an idea ...

Christian

 

I thought they were moving to the gold standard. What will they do with all those Euros?

 

I had that problem in Holland but i mostly overcame it. They have some new bizarre system that locks out American Tourists....yeah - that won't last Meanwhile, the transaction fees, such as they are, your much better off loading up on Cash at the airport

Ruben

 

"Excuse me Ma'am, where do I slide this?"

 

STOCKHOLM -- Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices – which make money on electronic transactions – have stopped handling cash altogether.

 

Give them to me. Nah, wait, Sweden does not use the euro anyway ...

Christian