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What are the pitfalls of a cash-free society ?





Amid the benefits of digital payments – their ease of use, potential to cut costs for businesses and reduce tax evasion, corruption and organized crime – there’s growing concern about those who don’t have credit cards or bank accounts, have difficulty using smartphones and computers for banking and payments, or a lack of broadband and mobile connectivity.
Retirees, recent immigrants, people with disabilities and those living in rural areas are especially vulnerable. So, while it looks for solutions, Sweden’s central bank has told all banks to keep offering cash services.

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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.

The cashless society from an ethical point of view









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