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Sweden’s central bank governor calls for public control over its payment system - 06/04/2018

“In other countries there is much more awareness that you cannot trust the government all the time. In Sweden  it is hard to get people mobilised.” There are signs this might be changing. In February, the head of Sweden’s central bank warned that Sweden could soon face a situation where all payments were controlled by private sector banks. The Riksbank governor, Stefan Ingves, called for new legislation to secure public control over the payments system, arguing that being able to make and receive payments is a “collective good” like defence, the courts, or public statistics....

The former President of Interpol discusses the risks of going cashless - 06/04/2018

Already a digital economy pioneer, Sweden could become completely cashless by 2025. As other economies look set to follow suit, the FT's financial editor, Patrick Jenkins, asks whether the gains outweigh the risks. Bjorn Eriksson, former President of Interpol, says: "Criminality exists, with cash, definitely, but also without cash, if you are talking about false identities, possibilities to fool people with false cards, et cetera, et cetera. And then you have a development where these crimes are looked upon as transaction costs, because you can't seriously combat them. You can't have the...

CTO of Paypal says Cash still matters and will not go anywhere anytime soon - 05/30/2018

In fact, a PayPal study last year said the same thing. “…cash remains the preferred mode of payment across Asia, despite the fact that the region is becoming increasingly digitally connected as Internet penetration and smartphone ownership continues to rise,” Paypal study ‘Digital Payments: Thinking beyond Transactions’ had said. Read more
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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.










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