Cashless Experiment

A glimpse of what the US economy might look like in the future, we head to Scandinavia. No country is dropping cash as fast as Sweden. Just thirteen percent of people there reported using cash to buy something last year. But as Maddie Savage reports from Stockholm, some Swedes are concerned that things have changed too quickly. Next to the cinnamon buns and open sandwiches at this restaurant, there's a large blue sign with the English word cash crossed out. Notes and coins stopped being accepted here a year ago, after staff noticed most people were hardly using them. It was super rare. I'd say five percent something like that in the restaurant was using cash. That's general manager Christopher Nurb, who's been keeping an eye on how customers have responded. There's hardly been any reaction. Almost everybody has the alternative payment method, a credit card. And it's good for both the guests and for us. He says scrapping cash saves time at the till and helps protect against theft.