Ethereum Founder Sees Sweden’s Cashless Reversal as Proof of Decentralized Payment Power

Sweden’s initial push toward a cashless society has been put on hold, prompting Ethereum co-founder Vitalik Buterin to emphasize the limitations of centralized payment infrastructure. Following recent concerns regarding cyber threats and geopolitical instability, Swedish authorities are encouraging citizens to maintain cash reserves. This shift in policy highlights that centralized solutions might be prone to fragility during times of crisis, according to Buterin. Buterin believes decentralized platforms like Ethereum could play a crucial role in such situations.