Sweden is expected to be cashless before 2030

Two thirds of Sweden's dealers believe they will stop accepting cash by 2030, according to a survey by the Royal Institute of Technology (KTH)

DISAPPEARS? Swedish banknotes can soon be a fairytale. Cash free society can be a reality on the other side of the refrigerator within a few years, according to experts.

"It's going very fast now. For banks, cash handling involves only one cost. Cash will only exist as long as people and shops demand it, "says researcher at KTH, Niklas Arvidsson, to Svenska Dagbladet.

Arvidsson, like two-thirds of Sweden's dealers, believes that Sweden can be cashless by 2030.

The KTH report has 740 dealers from industries that handle a lot of cash, said their opinion.

According to Swedish Trade, about 80 percent of all transactions in Sweden are already made by card