The Largest Bank In Norway Calls For A Cashless Society
Norway’s largest bank, DNB says that banking is now outdated and cash should be completely phased out. Citing the “dangers and disadvantages” of cash, an executive from the bank said that Norway should start the process of becoming cashless straight away. The Local.no reports: Norway’s largest bank, DNB, has said that cash has fallen out of favour with everyday Norwegians and is instead primarily used on the black market and in laundering schemes. “Today, there is approximately 50 billion kroner in circulation and [central bank] Norges Bank can only account for 40 percent of its use.