Financial institutions all over the world would love to see entire countries go cashless. Without banknotes and coins to deal with, the banks will gain even more control. Sweden, a country where cashless has become the new normal, may soon get rid of notes and coins altogether. However, there is some opposition to this development as well. It is unclear what all this means for cryptocurrencies.
It is a public secret Swedes do not like using cash. Neither bills, nor coins are all that popular in the country right now. For
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