In Sweden, cash is no longer king

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In Sweden, cash is no longer king

When you ask people on the shopping streets of Stockholm when they last paid for something in cash, many have to think a bit. Was it yesterday, or perhaps last week? Digital payments via card or mobile app have become so widely accepted that many Swedes no longer carry cash at all. Indeed, there is such a high level of trust in the digital transaction system, that even children often pay with their debit cards.

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