Which country is cash free?
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.
What will replace cash in the UK?
You may also hear it being called 'digital sterling' or even 'Britcoin'. We call the UK version of CBDC the digital pound. The digital pound would be denominated in sterling and its value would be stable, just like banknotes. £10 in digital pounds would always have the same value as a £10 banknote.
Why is Britain going cashless?
The latest cashless payments report from software recommendation engine Capterra shows that more than 50% of UK consumers are paying with digital wallets. The main advantages cited are convenience, with digital payments allowing people to leave the house without their bulky wallet.