Vitalik Buterin emphasized on X that Ethereum must become resilient and private to credibly serve as a cash alternative during crises, linking to a Guardian article that detailed how Sweden and Norway are reversing cashless policies

Event date

May 25, 2025

Quotes that support claims

In a post on X, he warned that centralized digital payment systems are “too fragile,” linking to a Guardian article from two months ago that detailed how Sweden and Norway, the most cashless countries in the world, are now asking citizens to hold onto paper money.

He added that Ethereum “needs to be resilient enough, and private enough, to be able to credibly play this kind of role.”

Ethereum co-founder Vitalik Buterin has raised an important concern about the future of cashless economies. In a recent post on X, he said the Nordics are “walking back the cashless society initiative because their centralized implementation of the concept is too fragile.”

Canadian programmer Vitalik Buterin has taken to the X social media network to stress that Ethereum should stay resilient and private in order to be able to continue competing with cash.

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Week 22 of 2025