An excerpt -
Sweden’s rapid shift to virtual money is especially striking because it’s not the result of one coordinated government program, but an emergent phenomenon arising from many national legal, social, and technological trends. And it’s had a host of unexpected positive effects on Swedish life, beyond just convenience for consumers, with surprisingly minimal drawbacks. Unfortunately for those in other nations who might want to experience these benefits, for now this appears to be an isolated phenomenon rooted in a uniquely Swedish experience. But as the Swedes work out the kinks in this system and create a comprehensive, proven model, the world’s doggedly cash-rooted societies may begin to move towards a cashless existence with greater speed and confidence.
http://magazine.good.is/articles/sweden-becoming-first-cashless-modern-society?utm_source=thedailygood&utm_medium=email&utm_campaign=dailygood
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