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Sweden wants to go cashless, doesn’t think of identity theft issue

Hand over the cash please, says member of ABBA.

Hand over the cash please, says member of ABBA.

One of the former members of Abba said about Sweden moving to a cashless economy:

“I can’t see why we should be printing bank notes at all anymore,” says Bjoern Ulvaeus, former member of 1970’s pop group ABBA, and a vocal proponent for a world without cash.

Apparently Ulvaeus’ son was robbed three times, so he is a supporter of a cashless society.

What was his son doing? Walking in ghettos buying drugs?

“If there were no cash, what would they do?” says Ulvaeus, 66.

They would kill you, take your credit cards, and rip you off online. Are you serious?

If you think it is better to move to a society where the government traces your spending habits and everything you buy, you’re crazy.

According to the Swedish National Council for Crime Prevention the number of computerized fraud cases, including skimming, surged to nearly 20,000 in 2011 from 3,304 in 2000.

Hanna Celik whose family runs a newspaper stand says banks are behind the move to credit cards and online transactions.

A law in Sweden forbids business to pass on credit card charges to customers. Every time someone uses a credit card to buy a paper, he has to pay about 5 Swedish kronor ($0.80).

“That stinks,” he says. “For them (the banks), this is a very good way to earn a lot of money, that’s what it’s all about. They make huge profits.”

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