Denmark Wants Cashless Society

Denmark is deciding to allow shops to refuse cash

Denmark is making a decision to allow shops to refuse cash, could it be they get a feeling the euro is going to reach rock-bottom, or is collapsing, so they have to start changing the rules from using hard cash to some other kind of payment. The Danish government reason is, cash is a financial administrative burden and is costly to maintain. In most countries in the world, hard cash has been used as a currency for trading and to exchange for everything else. So why now the Danish government comes to the conclusion of a cashless society unless they have some hidden agenda?

Another reason some give is that cash facilitates black economy and crime. Because they can see anything paid for through bank and credit cards they want to go the route of a cashless society. Government in general, have no control over the money people hold in cash, and stash away in mattresses and safe deposit box, so get rid of hard cash is ideal for them to know how much money you are spending.

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