Cas
Cashless Society
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 1
Pending: 14
Unrated: 0
Prediction
Author
Predicted at
Status
Video
The elimination of the penny is viewed as a potential initial move by the government towards phasing out cash entirely.
"getting rid of the penny might just be the government's first small step in getting rid of cash enti..."
Jun 20, 2025
Incorrect
By 2019, 50% of Swedish bank branches no longer handled cash.
"by 2019 only half of Bank branches worked with cash"
Nov 11, 2023
Pending
Nigeria is actively trying to force the adoption of its eNaira CBDC by restricting cash usage.
"The country that comes to mind here is Nigeria where the government is trying to force the adoption ..."
Nov 11, 2023
Pending
Scandinavia, specifically Sweden, is identified as a leading region in the transition to a cashless society.
"The answer seems to be those in Scandinavia starting with Sweden."
Nov 11, 2023
Pending
Sweden has been pursuing a cashless society agenda since the early 2000s.
"Sweden has been trying to go cashless since the early 2000s."
Nov 11, 2023
Pending
The Swedish Central Bank's announcement in 2015 requiring the exchange of all coins and cash notes for new ones led to a significant drop in cash usage.
"Sweden's use of cash really fell off a cliff this was because the Swedish Central Bank announced tha..."
Nov 11, 2023
Pending
Less than 10% of sales in Sweden are conducted in cash, which is the lowest rate globally.
"today less than 10% of all sales are made in cash in Sweden the lowest level in the world"
Nov 11, 2023
Pending
Sweden's goal of becoming completely cashless by March of the current year (2023, based on video publication date) was significantly missed.
"Sweden was expected to become completely cashless by March of this year and it seems to have missed ..."
Nov 11, 2023
Pending
The Netherlands is also progressing towards a cashless society, similar to Scandinavia, with trust in government being a key factor.
"The same seems to be true of the Dutch which explains why the Netherlands is headed in a similar dir..."
Nov 11, 2023
Pending
The convenience of cashless payment methods will lead to their voluntary adoption by individuals.
"As we mentioned in our video about fast payment systems these cashless payment methods are just too ..."
Nov 11, 2023
Pending
Steps to make cash access difficult include removing ATMs, establishing cashless bank branches, and creating hurdles for cash transactions at banks.
"it will also involve removing ATMs introducing cashless Bank branches and making it very difficult t..."
Nov 11, 2023
Pending
A combination of inflation and interest rate incentives might be used to drive cash out of circulation.
"we're starting to think that it could be a combination of inflation and incentives via interest rate..."
Nov 11, 2023
Pending
High interest rates and inflation could encourage cash to be deposited into banks, paving the way for forced currency exchange to eliminate remaining cash.
"this would cause cash to flood into Banks once enough cash is in the bank they can get rid of the re..."
Nov 11, 2023
Pending
Individuals can prepare for a cashless society by advocating for legal rights to cash access and by utilizing decentralized and private cashless payment systems.
"enshrine access to cash in law and use utopian cashless Payment Systems instead"
Nov 11, 2023
Pending
The shift to cashless transactions is inevitable due to circumstances and convenience, irrespective of legal protections for cash.
"going cashless is inevitable given the circumstances regardless of the laws people will naturally st..."
Nov 11, 2023
Pending