When Sweden again considers his pursuit of a cashless society, co -founder of Ethereum Vitalik Buterin emphasized the fragility of centralized digital payments and the possibility that presented by decentralized payment alternatives.

In recent years, Sweden has been a fee towards a cashless future, and digital payment platforms are becoming common. However, because there were concerns about cyberspace, civil defense and instability, the Swedish authorities actively encourage citizens to stop cash.

Buterin noticed that reversal shows that although centralized solutions may be capable, they may not be credible in times of crisis.

“Boics return to the Cashless Society initiative, because their centralized implementation of this concept is too fragile,” Barzerin wroteciting on March 16 article by the guardian. “Cash turns out to be necessary as a backup.”

How an ethereum can play a role in crisis

A former Central Bank clerk in 2018 that Sweden would be non -cash after seven years. According to The Guardian, in 2025, forecasting mainly only one in 10 transactions in the country.

Despite this, while the Nordic country was an early acceptance of digital payments, his government published a brochure encouraging citizens to maintain weekly cash in the event of war or crisis. Sweden’s pupils revealed the issue of centralized digital payment infrastructure remaining reliable in an instability time, suggested that Buterin.

Buterin said Ethereum could be a decentralized financial failure during the crisis. “Ethereum must be resistant and private enough to be able to play this kind of role,” said Brainein.

Asked if private private transfers fully zeros are close to practical implementation, memory he said The know-how of technology is already there, but there are still restrictions:

“We generally know how to do it, but with a limitation that each solution depends on trusted equipment and/or enforcement of Post Hoc law in relation to double people.”

Related: Vitalik Buterin proposes partially unbonductory nodes for eTHEREUM scaling

Crypto Payements Exec believes that Crypto will not replace Fiat

While cryptographic payments are becoming more common, the co -founder and general director of Mercuryo Petr Kozyakov said Crypto would not replace Fiat.

Kozyakov told Cointelegraph in an interview that cryptographic payments record an enhance in demand and adoption.

However, the director said that instead of cryptocurrencies, he fully replaces Fiat Money as a payment method, two payment options will coexist.

Kozyakov told Cointelegraph that people would utilize crypto when it is easier and more practical.

https://www.youtube.com/watch?v=fwo0HW_94A4

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