Vitalik Buterin is positioning Ethereum as a potential digital fallback as Nordic countries begin to question their heavy reliance on centralized cashless systems in the face of rising geopolitical tensions and cyber threats

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