Why going cashless has turned Sweden from one of the safest countries into a high-crime nation
https://fortune.com/europe/2024/06/21/why-going-cashless-has-turned-sweden-from-one-of-the-safest-countries-into-a-high-crime-nation/
Going cashless in Sweden has led to a spike in crime, particularly in the form of theft and fraud, due to the reliance on digital transactions that can be easily hacked or manipulated.
The elderly and vulnerable populations have also suffered, feeling isolated and vulnerable without physical cash.
The push for a cashless society has been driven by a few large corporations, financial institutions and governments, raising concerns about monopolization and erosion of privacy rights.
Furthermore, the lack of physical cash has enabled increased government surveillance and control over financial transactions, raising fears of potential misuse.
Ultimately, the unintended consequences of going cashless have been significant and far-reaching, and the push for a cashless society must be reevaluated to ensure that the potential benefits are outweighed by the potential risks and negative impacts.
William K⚡Santiago🔑☢️
npub1h3f…96sj
2024-07-01 15:57:29
Author Public Key
npub1h3fzzzeq60acjvnyvw34rpn5clkaueteffmkt3ln4ygekg9lcm0qhw96sjPublished at
2024-07-01 15:57:29Event JSON
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"content": "Why going cashless has turned Sweden from one of the safest countries into a high-crime nation\n\nhttps://fortune.com/europe/2024/06/21/why-going-cashless-has-turned-sweden-from-one-of-the-safest-countries-into-a-high-crime-nation/\n\nGoing cashless in Sweden has led to a spike in crime, particularly in the form of theft and fraud, due to the reliance on digital transactions that can be easily hacked or manipulated.\n\nThe elderly and vulnerable populations have also suffered, feeling isolated and vulnerable without physical cash.\n\nThe push for a cashless society has been driven by a few large corporations, financial institutions and governments, raising concerns about monopolization and erosion of privacy rights.\n\nFurthermore, the lack of physical cash has enabled increased government surveillance and control over financial transactions, raising fears of potential misuse.\n\nUltimately, the unintended consequences of going cashless have been significant and far-reaching, and the push for a cashless society must be reevaluated to ensure that the potential benefits are outweighed by the potential risks and negative impacts.",
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