Last weekend the FT Magazine gave us a great long form read on the move from cash to digital payments. Sweden leads the charge with only 19% of payments made in cash - is this a future that is bad for terrorists but good for hackers?
Sweden heads the vanguard. On a sunny weekday in April, the fruit and flower stalls of Stockholm’s Hotorget market were doing brisk business. But even here among traders who have tended to fly below the radar of tax collectors, not much cash was changing hands. Instead, many of the bouquets were being bought via card machines or Swish, a popular app that allows you to make payments with a mobile phone number or QR code.