Sweden could very well be the first country to one day go totally cash-free.
But there may be issues brewing with the move to all digital transactions and a lack of physical currency. According to the newspaper:
“It might be trendy,” said Bjorn Eriksson, a former Interpol president in an interview with the Times. “But there are all sorts of risks when a society starts to go cashless.”
The report continued that physical bills and coins amount to just 2% of the country’s economy. The U.S., meanwhile, is at 7.7%.