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Sweden Tries To Halt Its March To Total Cashlessness (bloomberg.com)
An anonymous reader quotes a report from Bloomberg: A key committee of Swedish lawmakers wants to force the country's biggest banks to handle cash in an effort to halt the nation's march toward complete cashlessness. Parliament's Riksbank committee, which is in the process of reviewing the central bank law, proposed making it mandatory for banks to offer cash withdrawals and handle daily receipts. The requirement would apply to banks that provide checking accounts and have more than 70 billion kronor ($8 billion) in deposits from the Swedish public, according to a report.
The lawmakers said there needs to be "reasonable access to those services in all of Sweden," and that 99 percent of Swedes should have a maximum distance of 25 kilometers (16 miles) to the nearest cash withdrawal. The requirement doesn't state how banks should offer those services, and lenders can choose whether to use a third party, machines or over-the-counter services. The move is a response to Sweden's rapid transformation as it becomes one of the most cashless societies in the world. That's led to concerns that some people are finding it increasingly difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.
The lawmakers said there needs to be "reasonable access to those services in all of Sweden," and that 99 percent of Swedes should have a maximum distance of 25 kilometers (16 miles) to the nearest cash withdrawal. The requirement doesn't state how banks should offer those services, and lenders can choose whether to use a third party, machines or over-the-counter services. The move is a response to Sweden's rapid transformation as it becomes one of the most cashless societies in the world. That's led to concerns that some people are finding it increasingly difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.
Nobody in Sweden has written a cheque in at least 20 years. The banks here cannot even process them any more, basically.
Il n'y a pas de Planet B.
Not true, the leading app would be Swish ( https://en.wikipedia.org/wiki/... ) and that is owned jointly by the large nordic banks. It has not been sold.
https://en.wikipedia.org/wiki/...
The laws on prostitution in Sweden make it illegal to buy sex, but not to sell the use of one's own body for such services. Procuring and operating a brothel remain illegal.
Huh? How do you give someone (not a business) a large amount of money ? Say for renting a vacation place ? Even more so, how do you give a warranty cheque, you know, the kind that you can tear up at the end ?
The same way you do it all of the civilized world, with a bank transfer. Why write cheques? Most people under 60 have ever had a checking account outside of the US, because the rest of the world is not stuck with WW2 banking technology.