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Sweden is fed up with cash. It’s a hassle to carry around, it can be easily stolen or misplaced, and frankly, no one is using it anymore! There has been a huge cultural shift when it comes to money in this land of rolling Hills, Army knives with 1 million gadgets in them, and of course chocolate. And that trend sounds a little something like this, no more jingling in pockets, no more paper and wallets, basically… No more money at all. And the proof is in the statistics. 10 years ago, just about 40% of their population was paying with cash… and now? Only 6%. We’ll even tell you one more fun fact, children are issued a debit card at age 7 here. So, what’s their answer? To go completely cashless by March of 2023, Which, believe it or not, is less than two years away. That’s coming up incredibly fast. They’re even planning a crypto called the e-Kronor… for use starting this year. The idea here is simple: create a cryptocurrency where one crypto will equal one dollar. That slowly phases out the need for physical money for good. Folks, this is happening. And it’s happening now. Time to learn about Sweden’s cashless plans, and discuss if this could become a worldwide trend! Honestly, it just might. Whether you wanted to or not!! Who knows, in 10 years money may only be seen in museums! If you wanted to know what money looks like, you actually have to go stand in line and look at it behind glass!
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Written by: Chris Montrose
Narrated by: Chris Montrose
Edited by: Kristian Blaze
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00:38 Who still uses cash? Who uses card?
02:00 What about the kids!?
02:57 The pros of going digital
04:08 The cons of going digital
05:25 An official Swedish CRYPTO?
06:30 Will the US get a crypto?”