Vitalik Buterin referred to the Nordic policy reversals as proof of the fragility of centralized digital payments and the importance of robust decentralized alternatives

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.

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.”