Sweden falls in love with the Cashless, Microchip Implant future - Vice News

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Uploaded: 28 Apr 2020 (6 years ago) · Shared: 29 Apr 2020

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Walk through Sweden’s bustling capital and you’ll find abandoned cash machines, card-only parking meters and market vendors who only accept mobile payments. “Ninety-seven percent of the transactions

are done without bills,” Anders Ygeman, Sweden’s Minister for Energy and Digital Development told VICE News.

Known globally for its welfare system, the Scandinavian country of 10 million has been embracing new technologies for decades - from tax subsidies for home computers in the 90’s, to mobile technology infrastructure. The country is nearing complete digitization of both public and private sectors, and has now its sight set on artificial intelligence all with the goal of making life more convenient, efficient and equitable for its citizens.

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EXPLORE TOPICS : VICE NEWS | 25 MICROCHIP IMPLANT | 19 CASHLESS | 26

Overview & Key Concepts

What is Microchip Implant?

A human microchip implant is typically an identifying integrated circuit device or RFID transponder encased in silicate glass. This is implanted in

the body of a human being. This type of subdermal implant usually contains a unique ID number that can be linked to information contained in an external database, such as personal identification, law enforcement, medical history, medications, allergies, and contact information.

Who are Vice News?

Vice News (stylized as VICE News) is Vice Media, Inc current affairs channel. Producing daily documentary essays and video through its website and

YouTube channel. It promotes itself on its coverage of "under-reported stories". Vice News was created in December 2013 and is based in New York City, though it has bureaus worldwide. Vice Media expanded its international news division into an independent division dedicated to news exclusively and created Vice News. Vice Media put $50 million into its news division, setting up 34 bureaus worldwide and drawing praise for its in-depth coverage of international news. Vice News has primarily targeted a younger audience comprised predominantly of millennials, the same audience to which its parent company appeals.

What is Cashless?

A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins

Transactions are through the transfer of digital information (usually an electronic representation of money) between the transacting parties. Cashless societies have existed from the time when human society came into existence, based on barter and other methods of exchange, and cashless transactions have also become possible in modern times using digital currencies such as bitcoin.

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