Tag: bankruptcy

Cashless Trap has sprung leaving millions snared

According to experts, the uniquely low use of cash money in Sweden leaves the country more vulnerable to emergencies and hack attacks, prompting the authorities to explore alternative options such as digital currency. The share of cash in Sweden’s money supply has reached a historic low at SEK 62 billion ($7.2 billion), the lowest level measured, at merely 1.33 percent of current transactions.