3 ms·

That's just not true. People pay by cash all the time in Denmark. I happened to read this in line at a Danish supermarket and people were paying with cash as mu

by plesner 11y ago

That's just not true. People pay by cash all the time in Denmark. I happened to read this in line at a Danish supermarket and people were paying with cash as much as with cards while I was paying attention.

Pamar 11y ago
Visited Denmark twice in 2015 and I can testify that using cash was perfectly normal.
- Symbiote 11y ago
  Cash was 40% of transactions, 25% of total value in 2012. [1] Since then, to July 2015, there's been a 25% increase in card payments, but only a 12% increase in total value [2], so smaller things must be being paid for by card. Contactless cards were only introduced in Denmark in 2015, and payment by mobile phone in 2013 [3]. So yes, it's normal. But it's not the most common form of payment, and I've been asked by a guy selling sausages from a wagon to use a card when I offered cash. [1] http://www.cfir.dk/Arrangementer/andrecfirarrangementer/fremtidenspenge/Documents/How%20do%20danes%20pay%20%E2%80%93%20and%20what%20do%20they%20think%20about%20various%20payment%20methods.pdf http://www.cfir.dk/Arrangementer/andrecfirarrangementer/frem... [2] https://www.nationalbanken.dk/en/bankingandpayments/danish_payments_council/Documents/Payment%20statistics%201st%20half%20year%202015.pdf https://www.nationalbanken.dk/en/bankingandpayments/danish_p... [3] http://www.mobilepay.dk/da-dk/pages/The-story-in-English.aspx http://www.mobilepay.dk/da-dk/pages/The-story-in-English.asp...
  - plesner 11y ago
    No question, we're quickly moving away from physical Kroner. There's also political and especially business pressure to get rid of them. However, it's not true that they're obsolete or somehow similar to new yen. I think it's a point worth emphasizing because going cashless is a huge decision, especially the way we're moving towards in Denmark. There's a discussion to be had around it and if we just accept that it's inevitable or has already happened then that kills that discussion before it's even taken place.
    - Pamar 11y ago
      I have a question. Suppose I visit Denmark again, and I decide to hire a prostitute. Am I expected to pay by credit card, debit or contactless?
      - Symbiote 11y ago
        Presumably, that works the same way as the people buying cannabis in Christiania — I briefly lived close to Christiania. The cash machines next to the metro station are the only ones where I've ever seen a queue, sometimes 4-5 people waiting at each one!
        Pamar 11y ago
        Forcing everyone to use e-money only has a few drawbacks. There will always be things that you don't want to be associated with - even if prostitution is legal in your country, if you are married you would prefer this transaction to be untraceable, I suppose. Another possible drawback is that once money is only available through "controlled" sources, you could find yourself subject to redlining (see: http://www.engadget.com/2015/12/02/paypal-square-and-big-bankings-war-on-the-sex-industry/ http://www.engadget.com/2015/12/02/paypal-square-and-big-ban...). So while I find e-money convenient and practical, I do not think that society would be "better" if physical money went away.

by plesner 11y ago

Pamar 11y ago

Visited Denmark twice in 2015 and I can testify that using cash was perfectly normal.

Symbiote 11y ago
Cash was 40% of transactions, 25% of total value in 2012. [1] Since then, to July 2015, there's been a 25% increase in card payments, but only a 12% increase in total value [2], so smaller things must be being paid for by card. Contactless cards were only introduced in Denmark in 2015, and payment by mobile phone in 2013 [3]. So yes, it's normal. But it's not the most common form of payment, and I've been asked by a guy selling sausages from a wagon to use a card when I offered cash. [1] http://www.cfir.dk/Arrangementer/andrecfirarrangementer/fremtidenspenge/Documents/How%20do%20danes%20pay%20%E2%80%93%20and%20what%20do%20they%20think%20about%20various%20payment%20methods.pdf http://www.cfir.dk/Arrangementer/andrecfirarrangementer/frem... [2] https://www.nationalbanken.dk/en/bankingandpayments/danish_payments_council/Documents/Payment%20statistics%201st%20half%20year%202015.pdf https://www.nationalbanken.dk/en/bankingandpayments/danish_p... [3] http://www.mobilepay.dk/da-dk/pages/The-story-in-English.aspx http://www.mobilepay.dk/da-dk/pages/The-story-in-English.asp...
- plesner 11y ago
  No question, we're quickly moving away from physical Kroner. There's also political and especially business pressure to get rid of them. However, it's not true that they're obsolete or somehow similar to new yen. I think it's a point worth emphasizing because going cashless is a huge decision, especially the way we're moving towards in Denmark. There's a discussion to be had around it and if we just accept that it's inevitable or has already happened then that kills that discussion before it's even taken place.
  - Pamar 11y ago
    I have a question. Suppose I visit Denmark again, and I decide to hire a prostitute. Am I expected to pay by credit card, debit or contactless?
    - Symbiote 11y ago
      Presumably, that works the same way as the people buying cannabis in Christiania — I briefly lived close to Christiania. The cash machines next to the metro station are the only ones where I've ever seen a queue, sometimes 4-5 people waiting at each one!
      - Pamar 11y ago
        Forcing everyone to use e-money only has a few drawbacks. There will always be things that you don't want to be associated with - even if prostitution is legal in your country, if you are married you would prefer this transaction to be untraceable, I suppose. Another possible drawback is that once money is only available through "controlled" sources, you could find yourself subject to redlining (see: http://www.engadget.com/2015/12/02/paypal-square-and-big-bankings-war-on-the-sex-industry/ http://www.engadget.com/2015/12/02/paypal-square-and-big-ban...). So while I find e-money convenient and practical, I do not think that society would be "better" if physical money went away.