Sweden: How to Live in the World's First Cashless Society

[SydneyRover]

''In 2021, Sweden introduces its own cryptocurrency. In 2023, it becomes the world's first cashless society''

''By then, by March 24, 2023 to be precise, in Sweden, cash will no longer be accepted as a means of payment. In general, cash is already a no-go in Sweden. There is a unique law in Sweden that enables merchants to make customers pay electronically in spite of the status of cash as a legal tender''

It's a trend and quite a few more countries are moving towards cashless, it will be difficult for less egalitarian countries (which means most) to manage but maybe it will force their governments to take care of the poor as cash donations dry up.

https://interestingengineering.com/innovation/sweden-how-to-live-in-the-worlds-first-cashless-society

QI: Sweden moved from a bicameral to a unicameral system in the early 1970s and got rid of its non-direct elected chamber of government. 

[Axholme Lion]

''In 2021, Sweden introduces its own cryptocurrency. In 2023, it becomes the world's first cashless society''

''By then, by March 24, 2023 to be precise, in Sweden, cash will no longer be accepted as a means of payment. In general, cash is already a no-go in Sweden. There is a unique law in Sweden that enables merchants to make customers pay electronically in spite of the status of cash as a legal tender''

It's a trend and quite a few more countries are moving towards cashless, it will be difficult for less egalitarian countries (which means most) to manage but maybe it will force their governments to take care of the poor as cash donations dry up.

https://interestingengineering.com/innovation/sweden-how-to-live-in-the-worlds-first-cashless-society

QI: Sweden moved from a bicameral to a unicameral system in the early 1970s and got rid of its non-direct elected chamber of government.

Big brother is watching you. What's next a social credit system to control the naughty boys and girls?

[Nudga]

You've had your quota of meat this month, your card has been declined.

[normal rules]

Can you imagine your local plumber coming round to service your boiler, as mine did recently, and you cannot pay them in cash?

[Hounslowrover]

Isn’t cash in hand a way of avoiding paying taxes?

[Nudga]

Isn’t cash in hand a way of avoiding paying taxes?

It's a way of avoiding banking fees

[drfchound]

The bloke who sits outside the local B&M shop will gave to invest in a card machine.

[turnbull for england]

The bloke who sits outside the local B&M shop will gave to invest in a card machine.

Shouldn't be a problem for him, he's got a house. Lives on Common apparently

[drfchound]

The bloke who sits outside the local B&M shop will gave to invest in a card machine.

Shouldn't be a problem for him, he's got a house. Lives on Common apparently

Incredible.

[SydneyRover]

Isn’t cash in hand a way of avoiding paying taxes?

Yes Hounslow, if cash becomes redundant there will be no excuses for unexplained wealth as there will be an electronic path to follow, if there isn't you are caught.

[Panda]

Holidayed in Lake District this summer. Went to Sainsbury's in Kendal. Spent £200 on shopping to take back to lodge. Card declined on 3 occasions at the till. Queue building up causing stress. Luckily we had the cash to cover it but this isn't the first time this has happened.

One time i went to Sainsburys again. There had been a problem with the main VISA payments thing so most couldn't buy their shopping. I use cash so was able to do my shopping with ease.

A cashless society is ripe for technical issues and a recipe for disaster.

[phil old leake]

And ripe for errors in your accounts that may take time to resolve

[Colin C No.3]

Holidayed in Lake District this summer. Went to Sainsbury's in Kendal. Spent £200 on shopping to take back to lodge. Card declined on 3 occasions at the till. Queue building up causing stress. Luckily we had the cash to cover it but this isn't the first time this has happened.

One time i went to Sainsburys again. There had been a problem with the main VISA payments thing so most couldn't buy their shopping. I use cash so was able to do my shopping with ease.

A cashless society is ripe for technical issues and a recipe for disaster.

Not enough cash in your account?

[Panda]

Holidayed in Lake District this summer. Went to Sainsbury's in Kendal. Spent £200 on shopping to take back to lodge. Card declined on 3 occasions at the till. Queue building up causing stress. Luckily we had the cash to cover it but this isn't the first time this has happened.

One time i went to Sainsburys again. There had been a problem with the main VISA payments thing so most couldn't buy their shopping. I use cash so was able to do my shopping with ease.

A cashless society is ripe for technical issues and a recipe for disaster.

Not enough cash in your account?

After checking at the cash point afterwards. Yes. Plenty of cash. Just not as much as you Mr number 3.

[normal rules]

It will shut down Chinese run nail bars up and down the country, as they only take cash. And most are a front from organised crime.
Same with Turkish barbers.

[Panda]

It will shut down Chinese run nail bars up and down the country, as they only take cash. And most are a front from organised crime.
Same with Turkish barbers.

Criminals will always find another way. Cash or no cash.

[SydneyRover]

It will shut down Chinese run nail bars up and down the country, as they only take cash. And most are a front from organised crime.
Same with Turkish barbers.

What colour do you prefer NR?

[normal rules]

The local Chinese takeaway only take cash too.

[SydneyRover]

It will shut down Chinese run nail bars up and down the country, as they only take cash. And most are a front from organised crime.
Same with Turkish barbers.

If an ex-copper on a 4th tier football forum knows this, I don't understand why the police don't know or why you haven't reported it NR, the scale of it must be massive when you consider how many nail bars there are.

[Panda]

It will shut down Chinese run nail bars up and down the country, as they only take cash. And most are a front from organised crime.
Same with Turkish barbers.

If an ex-copper on a 4th tier football forum knows this, I don't understand why the police don't know or why you haven't reported it NR, the scale of it must be massive when you consider how many nail bars there are.

As it the UK police are interested. 

Too busy dancing in stillettos at pride events

[Nudga]

Five years ago I went over the VAT threshold by £700, I had to pay back £4,000 in VAT and a £1,500 fine.
Is there any wonder people like cash to keep under the threshold.
Some businesses don't turn over enough to warrant going VAT registered, it's also the difference between getting a job and not getting a job.

[danumdon]

We recently had all the back garden done, the gardener presented me with the option of two bills, no brainer for me as the difference was substantial. I decided on the bill which was more to my liking. This required the balance being payable in cash.

What i should of done is drawn the money from ATM,s over a period of time.

Me, thinking i'm being clever, phone the bank and arrange to have it collected by me the next day. Worse thing you could eve do in this day and age, i was in the bloody place for 45 mins, it was like being questioned by the gestapo, every man and his dog in the branch knew what was going on and they took it in turns to "discuss" my transaction, the manager even stuck his nose in, i had to read more bumph about exploitation and money laundering policies till the pips squeaked. After they decided they had put me through enough pain they decided to hand me the cash over after i had given them a bag to put it in, guess what, the bloody package did not fit through the window hatch in the cashiers desk, so she had to get permission that she could come through into the shop to give it to me personally, by this stage half of Armthorpe are in the branch watching this all unfold, after they had just checked with me that there was not someone "waiting for me outside to hand the wedge over " they finally handed it over.

By this stage im expecting the bloody mafia are in the shop so i'm out through the door, in the car and out of Armthorpe in a 20 sec flat.

Next time i'm paying the bloody VAT.

[Panda]

Wouldn't surprise me if it was the Halifax. I was in my local branch for about 45 minutes trying to open a teen bank account for the kid, having already completed the bloody forms and things online! 

[danumdon]

Wouldn't surprise me if it was the Halifax. I was in my local branch for about 45 minutes trying to open a teen bank account for the kid, having already completed the bloody forms and things online! 

That's the thing, they know my banking history they have data on me since my first transaction so they know its my cash, all i wanted was to withdraw some of my money, instead you are now to receive a full grilling and be made to jump through some big hoops.

It's almost as if they suspect something untoward is going on!!

[normal rules]

It will shut down Chinese run nail bars up and down the country, as they only take cash. And most are a front from organised crime.
Same with Turkish barbers.

If an ex-copper on a 4th tier football forum knows this, I don't understand why the police don't know or why you haven't reported it NR, the scale of it must be massive when you consider how many nail bars there are.

Give me a break SR. The home office know this. As do Mi5 and the NCA. And all regional ROCU’s.
It’s clearly not a priority.
Like benefit fraud. And many other “ un topical “ crimes.
Not enough time in the day or people to investigate it.
Besides, tax evasion is not a police matter in the first instance.
Organised crime is another matter of course.
HMRC and plod don’t really work together that well in my experience.

[normal rules]

It will shut down Chinese run nail bars up and down the country, as they only take cash. And most are a front from organised crime.
Same with Turkish barbers.

If an ex-copper on a 4th tier football forum knows this, I don't understand why the police don't know or why you haven't reported it NR, the scale of it must be massive when you consider how many nail bars there are.

It is massive.
Read up on uk based Chinese  organised crime in the uk.
It would need its very own police force to sort it. A very big one at that.

Then there is Uk based Albanian organised crime. They make our home grown gangsters look like complete amateurs. Interpol rate them as the most serious threat with regard to organised crime.

[Panda]

There was a bloke in my local Sainsburys today bucket collecting for a dog rescue charity. I duly stopped to donate and drop some cash in the bucket and noticed that he had a card payment machine with him for card donations! First time i've seen that but i guess they have no option but to move with the times as a hell of a lot of people these days won't go to the supermarket with cash.

It will no longer be viable for them to just have a bucket.

[Draytonian III]

The only time I use cash nowadays is in the bookies or my Rovers bus fares. I can’t wait to see Mr Mayfield using a portable card machine on the away buses  !!!!

[Dagenham Rover]

There was a bloke in my local Sainsburys today bucket collecting for a dog rescue charity. I duly stopped to donate and drop some cash in the bucket and noticed that he had a card payment machine with him for card donations! First time i've seen that but i guess they have no option but to move with the times as a hell of a lot of people these days won't go to the supermarket with cash.

It will no longer be viable for them to just have a bucket.

Trouble with that is the card machine operators usually take a %  the card mastercard visa or whoever will take a % so my quids worth of loose change is gone if I donated a quid by card

[big fat yorkshire pudding]

There was a bloke in my local Sainsburys today bucket collecting for a dog rescue charity. I duly stopped to donate and drop some cash in the bucket and noticed that he had a card payment machine with him for card donations! First time i've seen that but i guess they have no option but to move with the times as a hell of a lot of people these days won't go to the supermarket with cash.

It will no longer be viable for them to just have a bucket.

Trouble with that is the card machine operators usually take a %  the card mastercard visa or whoever will take a % so my quids worth of loose change is gone if I donated a quid by card

Most have exemptions for charity transactions and you'll find there are loads of various fees for different people.

I don't use much cash, no real need to, rarely do I have any.  Got a cashback credit card, it's the way to go if you can manage your money yourself.