A combination of good high-speed internet coverage, high digital literacy rates, large rural populations and fast-growing fintech industries had put the Nordic neighbours on a fast track to a future without cash.
[…]
But Russia’s invasion of Ukraine in 2022 and a subsequent rise in cross-border hybrid warfare and cyber-attacks blamed on pro-Russia groups have prompted a rethink.
[…]
The Swedish government has since completely overhauled its defence and preparedness strategy, joining Nato, starting a new form of national service and reactivating its psychological defence agency to combat disinformation from Russia and other adversaries. Norway has tightened controls on its previously porous border with Russia.
[…]
[Norway’s] justice and public security ministry said it “recommends everyone keep some cash on hand due to the vulnerabilities of digital payment solutions to cyber-attacks”. It said the government took preparedness seriously “given the increasing global instability with war, digital threats, and climate change. As a result, they’ve ensured that the right to pay with cash is strengthened”.
[…]
When countries try to remove cash I always think how easy it sill be to control the protests when the goverment could turn off your money.
Funny that, in the end, germanys stubborn insistent “cash is king” mentality may come out handy in the conflicts to come…
This works only as long as you have cash in your purse. If are running out of cash, your bank probably won’t hand out new cash, as the accounting software may be affected too.
Perhaps then its the best to handle it like the vietnamese part of my family: Deposit large stashes of cash scattered around the house and the houses of family members…
Estonia can do it, even under constant russian harassment. https://interestingengineering.com/innovation/e-estonia-the-worlds-most-advanced-digital-society
What’s the point though? Other than hurting poor people, that is.
Handling cash is expensive and difficult for shops, so it might make sense to not require shops to accept cash.
I guess certain crimes also become harder.
Not sure I support it, but I see that there are points to it.
More expensive than credit card & POS machine fees? I think probably not.
Neoliberals prioritising the interests of the rich (and only care if those are under threat) while ignoring their impact on the poor? Say it ain’t so!
This is not about ‘neoliberals’ but about foreign malicious actors attacking digital systems for no reason.
Nobody’s refusing payments in cash. The articles you’re linking were during covid, an entirely different context
basically the only places that reliably accept cash these days are grocery stores, what are you on about?
I have yet to encounter a place that will refuse to take my cash if I tell them I have no other method of payment. They may not be eager to, but they can’t stop you from leaving.
what? you’re not magically allowed to take stuff for free just because you can’t pay for it lmao, if they don’t accept cash and you only have cash, you don’t get to buy things there.
are you just making things up?
Was mostly referring to restaurants and other services. But in general, no I have yet to experience any place flat out rejecting my business if I pay in cash. I’m not sure what’s with the downvotes, I’m merely sharing my personal experiences.
In Sweden, cash free shops (kontantfri butik) and gastronomy are not uncommon. You can either pay by Swish, which is the cash-less system of the Swedish banks and everybody with a Swedish bank account is free to use, or with credit or debit card (Visa, MasterCard). VPay / EC / Giro cards, that have been until recently common in e.g. Germany may work often but not always. Additionally, in pubs and bars, it is common to pay when placing the order, before you get your drink, i.e. not in the end before you leave.
