The End of Money!?


Money, the source of many issues, struggles and wars may become a thing of the past. No, this isn't an April fools' prank. This is actually a prediction from the reputable Swedish National Bank. But unfortunately it only predicts the end of 'cash'.


By 2030, thanks to continuous #technological developments, most customers will prefer to use electronic payments rather than carrying around their money as coins or notes.


We can already see this trend today when (according to official data) only 7% of the European payments are made using cash; where numerous #cafes and #restaurants in #Sweden, #Denmark and #Norway don't accept cash payments; with the increasingly popular online #shopping that never accepted it; and in the infamous Panama Papers which despite involving ridiculous amounts of money, never had a single coin or paper note physically transferred to Panama or anywhere else in the world.


No, I'm afraid this isn't the end of money. This is the culmination of an ongoing trend we all quickly adopted and preferred to use. Clicking a button or swiping the card over and over again is much easier than dealing with notes or a handful of loose change. However, when the money did exchange hands, we could see it being spent and now we can't... Is this a good thing or the actual source of another issue - uncontrolled debt?

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
About Us

Wherever you are. Wherever you go.

We know you need to speak the language and understand the culture, but you are "always on the go".

Our approach is to bring the teaching and knowledge to you.

Mobile, interactive, innovative, fun and efficient, our teaching and consulting revolve around your busy schedule. We provide a selection of tools and platforms combining traditional and online tutoring.

© 2021 by Languages for Businesses 

Find Us / Contact Us

Tel: +44 (0) 20 8810 1330

Email: info@lfb-team.com

Languages for Businesses

4th Floor

169 Piccadilly, Mayfair

London W1J 9EH

Make an Enquiry

Contact us today to find out how we can help your business with the language skills it needs.