Sweden's cashless society is no longer a utopia

Re:Sweden's cashless society is no longer a utopia by TheSpiceIsLife on Saturday November 10, 2018 @03:12PM (#18423231)

Is that more convenient than a bank transfer? Now the other party needs to sign up to a bitcoin exchange.

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Re:Sweden's cashless society is no longer a utopia by xrd on Saturday November 10, 2018 @07:08PM (#18424244)

I'd say absolutely. I don't know of a bank where I can set up an account completely online through an app, which you can do with cex.io or coinbase. It's gotten harder but generally you create an account and then upload your ID and then can buy very soon afterwards. That makes it tenable in my opinion to ask even the most Luddite of friends to do it before the event and then pay people back that way.

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Re:Sweden's cashless society is no longer a utopia by icebraining on Saturday November 10, 2018 @10:36PM (#18424900)

I don't know of a bank where I can set up an account completely online through an app

In my EU country, there are already six banks that let you do this, and I doubt we're pioneers.

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Re:Sweden's cashless society is no longer a utopia by TheSpiceIsLife on Sunday November 11, 2018 @03:43AM (#18425509)

But how do they get their money out of the exchange?

In the example provided I’m sending my pal BTC for some shared purchase because there’s no cash.

My friend didn’t have a BTC address / wallet or whatever, now they do, and I’ve just transferred them 0.0028 BTC to cover my share of lunch.

Now what?

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