COPENHAGEN, Denmark–The move to becoming largely cashless in Denmark has had another effect many had not given much thought to: there were no bank robberies in the country during 2022.
As was observed on the Fool.com, “‘This is a stickup" doesn't sound nearly as menacing when followed by ‘Now tap all your phones to this card reader’.”
The pace of bank robberies in Denmark has been slowing since the peak year of 2022, when there were a total of 222 heists, according to Bloomberg. There was only one bank robbery in 2021.
“Simultaneously Danish central bank data shows cash withdrawals have dropped 75% in the last six years, and in 2021 German neobank N26 listed fellow Nordic countries Sweden, Norway, and Finland as among the most cashless in the world,” Bloomberg reported. “This will be music to the ears of the EU, which has been trying to encourage its member states to embrace cashless economies.”
At the other end of the spectrum, meanwhile, is Italy, whose citizens are the biggest users of cash in the Europe, according to Bloomberg. Not surprisingly, 57% of all bank robberies in the Eurozone last year took place in Italy.
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