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By JACEY FORTIN
In Sweden, monetary transactions made with physical cash are down to three percent of the national economy.
“In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a cell phone text message,” reports AP. “A small but growing number of businesses only take cards, and some bank offices –which make money on electronic transactions — have stopped handling cash altogether.” This looks like the beginning of a global trend; people everywhere are noticing that physical cash is becoming less and less common. Read more »