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Sweden is preparing to live without cash: half of the transaction will not receive notes or coins in 2025. Faced with this near future, the authorities are trying to anticipate the inconveniences result from the absence of traditional money.
The Central Bank of Sweden tests the e-krona, a digital currency that will allow it to keep control of the money supply. But, at the same time, possible scenarios arise that cause problems to be solved : what will happen to online payments and bank accounts in the event of a failure of an electricity grid or in if servers, hackers or servers fail? even a war.
"In the position in which we find ourselves, it would not be appropriate to sit idle without doing anything to remotely notice that money has disappeared," said Stefan . Ingves, governor of the Swedish central bank, quoted by The New York Times
"You can not go back in time, but you have to find a way to deal with the change," he added.
The other possible problem is the exclusion of persons who by age or access mishandle electronic devices.
" About a million people do not feel comfortable when they use a computer, an iPad or an iPhone for their banking operations," said Christina Tallberg, 75 years old, president of the Swedish National Pensioners Organization.
"We are not against the digital movement, we just think it's progressing too fast," he added.
In Sweden, one-fifth of the ten million inhabitants do not use ATMs; and more than four thousand have set up a microchip to pay, for example, for public transport. In the population aged 18 to 24, 95% make purchases with a debit card or via an application created by the country's largest banks.
The Swedish authorities have two proposals to circulate the species. Parliament wants only the largest banks to handle cash, while the central bank insists that all do so.
Swedbank, SEB and other financial institutions are fighting lawmakers' demands, saying that they offer better access that would be too much for them.
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