Norway’s second largest bank is going to stop handling cash as of next Monday.
Not everyone thinks this is a good idea.
Eriksson, now head of a lobbying group for the Swedish security industry, argues that cash is a crucial part of society’s infrastructure. He alleges that the decision to abandon cash is being made by banks simply to increase profits:
“Something is being privatized without people knowing what the implications of that privatization are.”
More at the link.