They REJECTED cashless agenda
Shops in Norway that refuse to accept cash now risk major fines.
We are finally seeing a reversal in the cashless agenda that has been ongoing for quite some time now.
As you might know, in Sweden, people have already gone so far that they have injected microchips in their bodies to use for cashless payments. Absolutely crazy.
People are now paying with microchips in their hand.
You find yourself at the self scan checkout, just finishing up your run to the grocery store. As you scan the last piece of fake soy meat, you proceed to pay. Instead of grabbing your wallet, you simply hold your hand over the machine and with a ”beep” you are done.
But now Norway has gone against the cashless agenda.
From the 1st of May, shops that refuse to accept physical cash as payment risk massive fines.
If shops refuse to accept cash, they can be fined up to 4% of their revenue or up to $2.4 million.
The reason for this is to ensure that everyone can pay even if they don’t feel comfortable with digital payments, and to ensure security and preparedness in case of special situations, as we just saw happen in Spain with massive blackouts.
What happens if all power goes away and nobody can buy things anymore? That’s a big problem.
But not only Norway is doing this.
Hungary has also gone against the cashless agenda.
The Hungarian parliament recently passed a constitutional amendment ensuring that paying with physical cash is a fundamental right.
So now the Hungarian constitution ensures that people can pay with cash and that they don’t turn into a cashless society. Good things are happening.
However, the EU has adopted new rules that will BAN anonymous cash payments over €10.000 which will take effect in 2027.
So if you have that amount of money in cash and you want to buy something for that price, the government steps in and tells you that you are not allowed.
Incredible. This could be the first step towards banning cash payments all together.
And then what? Will people have to pay with a mark on their forehead or something…?
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Thank you for this. I did not know how advanced it was getting. I will remember for when I talk to state and federal legislators. We have to keep cash in play and make room for silver / gold (in some form) as well.
Hooray for Norway and Hungary.
In spite of Brexit, will our spineless ones in Britain also ban cash in 2027?
(It would be wonderful to have the optimism to think the EU will come to its senses rather than to grief. But I am not holding my breath)
Thank you for this news.