Why We Can’t Call the U.S. Cashless

While an impending cashless society is creating problems for Sweden’s bank robbers, in the U.S. cash is still a popular form of payment.

Cashing out?

By Mira Korber, guest blogger. They say “cash is king.” But these days, perhaps cash was king. Sweden is becoming a “cashless society.” Commuters pay bus fees via credit card and text message. Religious institutions take electronically transmitted donations. The positives?  Certain…

Just Like Yap Money

To a Yap islander, in 1903, a 12-foot limestone wheel had considerable value. Described by NPR’s Planet Money, the wheels, as small as a foot in diameter and as large as twelve, composed the islanders’ monetary system. With smaller transactions, you…

A Cashless Payoff

Paying with a phone swipe makes Starbucks lines move faster. Less time in line means more productivity and society benefits. So, should we accelerate our movement toward a cashless society? Imagine having no currency. No wallets necessary? A useless U.S.…