Monday, March 1, 2021

Tag: Authorities advise Swedish citizens to save banknotes in case of a cyber attack or war

Authorities advise Swedish citizens to save banknotes in case of a cyber attack or war

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by Edsel Cook, Natural News:

In a few years, Sweden may become the world’s first cashless society. But is the Scandinavian country and its people truly ready to ditch cash for digital currency?

Swedish government officials have recently warned its citizens to stockpile banknotes and coins before the country completes its transition from conventional cash to virtual currency. They explained that a cyber attack or a disaster might take out the banks, thereby eliminating the primary provider of digital payments.

Consumers and sellers consider digital payments to be highly convenient. Sweden is one of the leading users and proponents of the technologies that will eventually enable a cashless society.