Sweden is starting the transition to the e-Krona cryptocurrency, as from 2023 cash will not be accepted as a means of payment.
The Central Bank of Sweden is testing the former digital currency central bankin the world. The e-krona cryptocurrency will be simple and user-friendly and will be tested in an isolated environment. Thus, the e-Krona is expected to accelerate the country's transition to a cashless society.
As already announced, from 24 March 2023, cash will not be accepted as a means of payment in Sweden. Of course the coins and banknotes will not disappear, but no one will be able to use them and they will end up as collectibles in museum collections.
In Sweden, card payments account for 58% of transactions, and only 6% are made with cash. 80% of Swedes have one card in their possession, since banks issue debit notes to citizens over the age of seven, of course with parental consent.
Sweden uses σαν φυσικό νόμισμα την κορόνα και όχι το ευρώ. Η διαχείριση μετρητών είναι εξαιρετικά δαπανηρή για την χώρα, λόγω των συστημάτων υψηλής ασφάλειας. Ταυτόχρονα το σύνολο του πληθυσμού της Σουηδίας έχει κινητή κάλυψη και τα τελευταία χρόνια, σχεδόν όλες οι αγορές γίνονται ηλεκτρονικά: μέσω χρεωστικής / πιστωτικής κάρτας χρησιμοποιώντας chip και Pin και μέσω της technology contactless transactions.
Targeting cards as the sole means of trading is also observed in other Nordic countries, such as Finland, Norway, Denmark and Iceland. Both banks and governments are encouraging citizens to adopt a cashless economy.
Another reason why Sweden is abolishing cash is the fact that bank robberies, drug and arms trafficking and other illegal transactions are significantly reduced.
