Date: 2025-05-26
As Sweden reconsiders its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented by decentralized payment alternatives. In recent years, Sweden has led the charge toward a cashless future, with digital payment platforms becoming widespread. However, as concerns over cyber-threats, civil defense and instability have emerged, Swedish authorities are now actively encouraging citizens to keep some cash. Buterin noted the reversal illustrates that while centralized solutions may be efficient, they may not be reliable during times of crisis. “Nordics are walking back the cashless society initiative because their centralized implementation of the c...
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