The Pros and Cons of a Cashless Society

A cashless society is one where financial transactions are conducted without the use of physical currency, such as coins or bills. Sweden is often cited as an example of a country that is close to being cashless. Many businesses there only accept card or mobile payments, and some banks don't even handle cash anymore.

In a world where you can pay for your morning coffee with the tap of a phone, is it time to say goodbye to cold, hard cash? Some people think so. They argue that a cashless society would be more convenient, more secure, and more efficient. But not everyone is on board. Opponents of going cashless say that it would be exclusionary and vulnerable to hacking. So what's the truth? Let's take a look at some of the key arguments for and against going cashless.