Sweden on its way to becoming a cashless society
Europes looking to pass some legislation this summer that gives shops and restaurants the right to refuse cash, and people are saying that they may be the first country to go digital in the money department.
However Sweden is way ahead of the game, in my opinion. Even their online banking is amazing for paying digitally.
SwedBank has an amazing system for purchasing items online. You basically generate a credit card with as much limit as you want on it. So if you are purchasing items for $48, you can create a card for $48 that expires in 3 months. This way, if someone steals your information, the card will already have reached the limit. Genius!
What do you think? Will Sweden be the first cashless country? Is that a good thing or does that terrify you?