Ethereum co-founder responds to Sweden’s cashless-society rethink

Vitalik Buterin said there are ways Ethereum can function as a financial fallback in times of instability through hardware solutions.

As Sweden rethinks its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented for decentralized payment alternatives. 

In recent years, Sweden has led the charge toward a cashless future, with digital payment platforms becoming widespread. However, as concerns over cyber-threats, civil defense and instability emerged, Swedish authorities are now actively encouraging citizens to keep cash. 

Buterin highlighted that the reversal highlights that while centralized solutions may be efficient, they may not be reliable in times of crisis. 

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