Sweden ‘on way to becoming cashless society’

Cash is falling out of favour in Sweden, according to “a research study at the Royal Institute of Technology in Stockholm”:.

Many Swedes like people everywhere remain attached to their currency, the krona, which has been used since 1873.

However, it seems the embrace of technology in the country means the use of cash is diminishing rapidly.

While card payments have increased, the amount of cash in circulation has fallen by a quarter in six years despite an annual growth in the economy.

Some believe one day physical money may disappear altogether.

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