Sweden going cashless

 In Sweden, monetary transactions made with physical cash are down to three percent of the national economy, International Business Times reported.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices --which make money on electronic transactions -- have stopped handling cash altogether. This looks like the beginning of a global trend; people everywhere are noticing that physical cash is becoming less and less common.