Björn Eriksson, 72, hasn’t been getting a lot of respect.
The former national police commissioner of Sweden heads up a group called Cash Rebellion that opposes the nation’s transition to a cashless society, and, given his age, he and his organization have been type-cast as little more than technologically inept seniors.
The head of Sweden’s central bank issued a warning in February that soon all digital commerce in the country would be passing through four private-sector banks, reported the London Guardian.
“Most citizens would feel uncomfortable to surrender these social functions to private companies,” said Riksbank governor Stefan Ingves, who characterized common economic activities like making or receiving payments as a collective good, like defense or courts.
He is calling for legislation to take control of digital commerce from private banks and place it under the government.
“It should be obvious that Sweden’s preparedness would be weakened