We are living in exciting times. The Signposts point to Jesus soon return.

Friday, June 10, 2016

Sweden leads the race to become cashless society

Prophecy Sign:  The future cashless society

As we have noted in prior blog entries, the best way to control the ability to buy and sell is to eradicate cash and replace the current monetary system with a digital commerce based system, (the cashless society). The world is now racing to the end, (with some more so than others).

It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads,  so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. Revelation 13:16-17 NIV

Sweden leads the race to become cashless society
Like its Nordic neighbours Norway, Denmark and Finland, Sweden is fast becoming an almost entirely cashless society. “I don’t use cash any more, for anything,” said Louise Henriksson, 26, a teaching assistant. “You just don’t need it. Shops don’t want it; lots of banks don’t even have it. Even for a candy bar or a paper, you use a card or phone.”

Swedish buses have not taken cash for years, it is impossible to buy a ticket on the Stockholm metro with cash, retailers are legally entitled to refuse coins and notes, and street vendors – and even churches – increasingly prefer card or phone payments. According to central bank the Riksbank, cash transactions made up barely 2% of the value of all payments made in Sweden last year – a figure some see dropping to 0.5% by 2020. In shops, cash is now used for barely 20% of transactions, half the number five years ago, and way below the global average of 75%.

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