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Sweden's banks had a joint ATM system[1] since ~2010, I admittedly have no idea about the situation on the countryside, but at least in Stockholm, they're in am

• zhte415 4y ago
  It's an interesting 'problem'. Handling cash has a cost. I don't know how batopin handles it, but it's, for example, around 1/5 the cost, largely logistical, to fill a machine with 50s instead of 10s. Where ATM network withdrawals carry no fee, there's no brand loyalty for where to get your cash, so where's the incentive to carry lower denomination notes? CBs have employed various methods to keep lower value notes in circulation such as X number of 10s per X number of 50s - perhaps a central 'cashless' push will be in these lower denominations, but that's purely speculation on my part. Interesting to see And it is what we all fall back on when the technology fails us. In other words, cash has far from lost its age-old reason for being! in the waffle. That's also my understanding - that cash becomes extremely valuable in times of acute crisis (like a zombie apocalypse) because it has all the characteristics (divisible, recognised, sufficiently rare, durable and easy to carry, easier to 'barter' than a can of beans, etc) of... money.