Björn says no to Money,Money,Money.

18 03 2012

 

There may be no more ‘money, money, money’ in Sweden soon, as a former Abba member joins a push to make the country a completely cashless society.

In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a mobile phone text message.

 

‘I can’t see why we should be printing bank notes at all anymore,’ says Bjorn Ulvaeus, former member of  ABBA, and a vocal proponent for a world without cash.

 

Three per cent is still too much if you ask Ulvaeus. A cashless society may seem like an odd cause for someone who made a fortune on ‘Money, Money, Money’ and other ABBA hits, but for Ulvaeus it’s a matter of security.

 

After his son was robbed for the third time he started advocating a faster transition to a fully digital economy, if only to make life harder for thieves.

 

‘If there were no cash, what would they do?’ says Ulvaeus, 66.

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