Preparations and Discoveries
An Israeli tourist traveling to Sweden.
Who is Adi Peleg?
Because Sweden is one of the first countries to adopt new innovations.
Why does it "make sense"?
49%
What percent of purchases was done online in 2010?
Cash Matters
What name of a human rights activists group is mentioned?
Your phone might run out of battery quickly.
Why is using your phone to pay a problem?
She exchanged NIS for Swedish Krona.
Why did she stop at the bank?
Children as young as seven use debit cards.
When can kids start using debit cards?
What changed in 2020?
It's easier for hackers to access online information.
How could one's personal information be accessed?
When most people are ready to use it.
When will there be a rise in use of e-cash payment?
She downloaded the taxi app.
How did she pay for the taxi?
It's called e-Krona.
What is Sweden's new currency?
PayPal, Paybox, Bit
What are 3 common payment apps?
Privacy and security of users.
What is the main concern regarding use of e-cash?
By giving them a pre-loaded debit card.
How will grandparents give money to their grandchildren?
She saw many "no cash" signs in many places.
What was strange in Adi's opinion?
Kids in Sweden will probably only see cash in a museum.
Where will Swedish kids see cash money?
Mostly in developed countries.
Where do people use digital currency like Bitcoin?
Mainly elderly people and people from rural areas.
Who is likely to be most affected by using e-cash only?
Using your phone to pay at the supermarket and other stores.
How can you pay by e-cash today in Israel?
Sweden is becoming a cashless society.
What did Adi find in her research?
Transactions are faster and more convenient.
What's the point of getting rid of cash?
They can be downloaded and used everywhere.
What is a substantial reason for using payment apps?
People won't be able to use cash money.
What is the fundamental right which is in danger?
Practical issues need to be solved as well as security issues.
What does the writer think about this growing phenomenon?