advantage of living in a cashless society

reduced illegal activities: the article mentions a decline in bank robberies and illegal activities, including drug trafficking and illegal employment, in sweden as a consequence of the move towards a cashless society. this suggests that the digital payment system has contributed to improved security and reduced criminal activities.

disadvantage of living in a cashless society

concerns for the elderly: the article notes that around 10 per cent of the swedish population, particularly elderly individuals, are still highly dependent on cash. the transition to a cashless society raises concerns about excluding certain groups who may face challenges adapting to digital payment methods, potentially leading to financial exclusion for some individuals, particularly older citizens.