https://www.buzzfeed.com/charliewarz...dn7#.rcLW6G7pVSatan’s Credit Card: What The Mark Of The Beast Taught Me About The Future Of Money
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The problem, according to Björn Eriksson — a former head of the Swedish police and Interpol, and a prominent dissenting voice in the country’s rush to cashlessness — is not the end of paper money, but the speed of the transition, which is especially hard on older generations, those in rural areas, tourists, and new immigrants who come to the country without cards or bank accounts. “It’s gotten so that some people are resorting to hiding money in their microwave because they have nowhere to put it,” Eriksson told me. It can even be dangerous to public health: Just last September, Sweden’s highest court ruled against the Kronoberg County Health Authority and reprimanded them for not accepting cash as legal tender for medical services in all but two of their health clinics.
Access to new technology is never evenly distributed. And even those like iZettle’s de Geer, who are enabling and profiting from a digital payments revolution, have reservations about abandoning paper money outright: “Everyone thinks I’d like to see the death of cash, but privacy is a big issue for all of us. Cash’s benefit is privacy. There’s plenty that’s legal to buy out there that you don’t want everyone to know you’ve bought.” If America is headed down Sweden’s cashless path, we have much to learn from our Scandinavian friends. Or get comfortable finding stacks of twenties in the fridge next time you’re at grandma’s place.
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