What are the disadvantages of going cashless?
What are the disadvantages of going cashless? Cashless payment modes may create dependence for both consumers and businesses. Consumers may become reliant on technology or intermediaries that facilitate cashless payments. They may also lose control or awareness of their spending or saving habits if they do not use cash as a tangible reminder or limit.
Which country is cash free?
Sweden. Sweden was the first European country to issue banknotes. Ironically, it looks to be one of the first to get rid of them. Sweden's move to a cashless society is encouraged by law and in Sweden, a merchant can legally refuse cash payments.