More than 4,000 Swedes have gone the microchip route as cash use fades and the government scrambles to figure out the effects on society and the economy. The central bank, which predicts cash may fade from Sweden, is testing a digital currency — an e-krona — to keep firm control of the money supply. Lawmakers are exploring the fate of online payments and bank accounts if an electrical grid fails or servers are thwarted by power failures, hackers or even war.
Geoff is an author, publisher and performer dedicated to building an independent media. He worked for Australian Consolidated Press as a Packer editor until starting his own media company in the mid-nineties.
The Generator started life as a radio show on Byron Bay's Bay FM and continues as part of The Cage - http://cage.live