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Why Sweden is abandoning its cashless society
Sweden, long the world's leading example of a near cashless economy, is now stepping back from that model. The shift reflects growing concern over national security and civil preparedness, with authorities urging citizens to keep cash on hand in case of war, cyber attacks or infrastructure failures that could knock out digital payments.
Why now: Ongoing geopolitical tensions in Europe have raised fears that digital payment systems could fail in a crisis, prompting a rethink of Sweden's cashless approach.
Evidence
- Why Sweden is abandoning its cashless society · nephihaha · 76
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