Bloomberg: How Sweden’s push to go cashless has left consumers and the country vulnerable to online fraud; value of fraudulent transactions has doubled since 2021 — Sweden has led the way in Europe in going cashless, but fast and easy digital commerce have left consumers and the state vulnerable to fraud.
when new technologies roll out to replace old methods of doing things, governments should work harder on tech literacy surrounding these new solutions.
Whenever we introduce new stuff like this we limit the experiment to youngsters and keep around the old reliable as a failsafe.
All it takes for any software to fail is pulling the plug.
So you think banking would in any way still work with the plug pulled?