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posted by janrinok on Tuesday November 10 2015, @06:59AM   Printer-friendly
from the silent-cha-ching-noise dept.

A new study out of Sweden says the tiny country is on course to become the world's first "cashless society," thanks in part to a mobile payment app called Swish.

The Royal Institute of Technology in Stockholm released a statement in October quoting researcher Niklas Arvidsson, who said cash is an important means of payment in many countries, "... but that no longer applies here in Sweden."

Arvidsson and his team of researchers said there are about 80 billion Swedish crowns in regular circulation, down from 106 billion six years ago. "And out of that amount, only somewhere between 40 and 60 percent is actually in regular circulation. ... Our use of cash is small, and it is decreasing rapidly."

Swish has more than 3.5 million users (of Sweden's total population of 9.5 million) and nearly 4.5 billion Swedish crowns were "Swished" in October.


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  • (Score: 0) by Anonymous Coward on Tuesday November 10 2015, @10:46AM

    by Anonymous Coward on Tuesday November 10 2015, @10:46AM (#261186)

    Rev. 13:16,17

  • (Score: 2) by kurenai.tsubasa on Tuesday November 10 2015, @03:08PM

    by kurenai.tsubasa (5227) on Tuesday November 10 2015, @03:08PM (#261276) Journal

    Revelation 13:13-17 (MSG):

    This second Beast worked magical signs, dazzling people by making fire come down from Heaven. It used the magic it got from the Beast to dupe earth dwellers, getting them to make an image of the Beast that received the deathblow and lived. It was able to animate the image of the Beast so that it talked, and then arrange that anyone not worshiping the Beast would be killed. It forced all people, small and great, rich and poor, free and slave, to have a mark on the right hand or forehead. Without the mark of the name of the Beast or the number of its name, it was impossible to buy or sell anything.

    Not much comment. Oddly prescient. I wonder if something like this is in TISA?