The end of money?
1m 1661, Swecen became tne frst European country 10 use bank:
‘notes. Now it could be one of the fst counties to stop using
‘cash. In most Swedish cites, buses don’ take any cash. instead
you pay for your ticket by card or mobile phone before you get
‘on. Same bursinasses only take cards and there are banks which
‘don't deal with any notes or coins.
In aceatless society you dar mmo
‘worry about heving enough change
{orthe be. Tha’ great ityou dont Bo.
Ike carying too many coin in your ==
pocket Ascciety without ash is also
alr Statistics show that since the
Gecrease inthe cash economy,
there isnt as much erimein
Sweden: the numberof Bank
roopenes cropped om 110
in 2008 o ony 16 in 2011.
However, not all Swedes tke
‘the idea. Edery people, who
‘Now, with a mobile banking system called M-Pesa, people can
{se Grex onthe phones to pay for things n shops, pay thelr
bills and their children's school fees, and receive their salary.
People save a lot of time as they no longer need to travel long
‘distances 1 pay abil. Aso, they no longer need to cary too much
‘as so inere is ess danger of ropbery. Kenya nas fed a revolution
in mobile barking and ether doveloping countries have folowed
its example.
‘Would you keto live in a cashless society? Does it offer enough
benefits? Leave your comments here.
1 robbery tho rime of taking money from aban shop eer person
‘Work wit a partner and answer the questions.
1 What the significance aftheue number!
1661 110 162% 95%
‘2 Which twm groups of peoplein Sweden dana agree
with cashless society? Why not?
‘3. Whatarethe benefits of paying with a mobile phone
inKenyat
4 Whatabout you? Would youtiketolivein cashless
society?
too much
much
lotto of
ite
oye
enough
‘option complete the rules.
Choose the correct word or phrase to complete the readers!
‘comments onthe atc,
‘bis way Ina cashless society to "much mary
society
people would getinta debt N woud bea Ssastr.
1 Johan Wo reed to caty® some fmucn cash so.
‘We can do things ike give? few / any coin to street
Pertormare. Also, eat teaches chron some /
‘much important lssons about the value of money.
‘Audrey |o't so? some /any practical reasons
‘wy we need cash, Kost Walctor!
‘enough money fo produce Mana ™ many any
‘rma benef rom the cash economy. By the way,
Tram 6, and dort have any too much probame
ing moder technlogy thank you Somenon
1b Whodoyou agree with most?
9 Wit four sentences about yourselfusing the table,
1b Workin small groups and compare your sentences.
106 IE Work with
ine Prepare a survey 0 your
classmates’ spending habit. Use the questions below and
sd theae mere of yourown
1 What do you spend most of your money ont
2 What do you realy enjoy spending meney oa?
3. Doyou prefer shopping alone or with other people?
‘ lnerview ather members ofthe css. Then work with your
partner and prepare wo report the results back othe dass.
‘Atotus ‘Alotofus... Some ous
SAfewotus.. * None us