Sweden Sees Cashless Society

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Sep 21, 2010, 3:56:25 PM9/21/10

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Sweden Sees Cashless Society
The move toward a cashless society is accelerating in Sweden as plastic payments become the norm and various government officials, unions, and high-profile Swedes push for a ban on cash, supposedly to reduce robberies. But opposition to the proposal is mounting as well. Swedish buses have already stopped accepting cash after a series of robberies. Commuters must now pay at a separate store before getting on the bus, or use a cell phone. The next targets for the anti-cash movement are banks and retailers.