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.
(Score: 1, Insightful) by Anonymous Coward on Tuesday November 10 2015, @03:13PM
You just have to say it the right way to make it accepted.
"What did you do with the money?"
"I played every lottery I could find."
"How could you waste that money in such a stupid way!"
"What did you do with the money?"
"I made a series of small high-risk investments, thus spreading the risk, with potentially huge profit margin for each of the investments."
"Sounds great."
(Score: 2) by isostatic on Tuesday November 10 2015, @05:48PM
Of course both ways are dumb. The smart way to gamble is to use someone else's money, and take some of the profits, and say "sorry, give me more money and I'll do better next time" if you lose.
For bonus points claim to have a "system". Plenty of people have a system at vegas. Some people actually win in vegas, so if you build it as an industry you can point to the winners and say "see".
(Score: 1, Touché) by Anonymous Coward on Tuesday November 10 2015, @06:19PM
Winning at a casino is actually quite simple: own the casino.