📰 News Alert:
🔖 Title: As cyberwarfare threat looms, cashless Nordic nations go back to banknotes | Miranda Bryant
🗓️ Published: Sun, 16 Mar 2025 06:00:10 GMT
📄 Summary: 1. The Nordic countries have rapidly shifted towards digital payments, with Sweden on track to become cashless by 2025, raising concerns about the potential national security implications of over-reliance on electronic banking.
2. Only one in 10 purchases in Sweden are made with cash, with card payments and the mobile payment system Swish being the most common forms of payment.
3. The rapid move towards a cashless society in Sweden may have future implications on financial security and privacy, with potential risks associated with digital payment systems.
🗞️ Source: Business | The Guardian
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