Sweden goes from being the first in adopting banknotes in Europe in 1661 to introducing its own digital currency in 2021, and becoming the first world’s cashless society in 2023.
How is a country becoming the world’s first cashless society? Sweden, one of the most technologically advanced nations on the planet, is leading the way.
Sweden is expected to become the world’s first cashless society by March 2023. By then, cash will not be accepted any longer as a means of payment in Sweden.
Sweden has always been one of the first countries in embracing new technologies. There is a tradition in Sweden about being the first. This is noticeable throughout the Scandinavian country’s history. And its financial system is not the exception.