Welcome to Sweden, No Cash Accepted Here

The transcript discusses Sweden's advanced mobile payment systems, contrasting them with the challenges faced by American payment systems, particularly American Express. It highlights the role of Swedish startups like iZettle and Seamless in the global market. The discussion also touches on systemic risks associated with digital payments and personal experiences with payment systems, emphasizing the technological gap between Sweden and the USA.

What is a key feature of the mobile payment systems in Sweden?

• They allow immediate transactions without fees.

• They are only available in urban areas.

• They require a physical card swipe.

• They charge high transaction fees.

Which demographic is more likely to use cash in Sweden?

• Middle-aged professionals

• Older generations in rural areas

• Young people in urban areas

• Teenagers in schools

Which company is known as the 'Square of Europe'?

• Spotify

• iZettle

• Apple

• Seamless

What is a potential risk associated with digital payment systems?

• Increased cash usage

• Cyber attacks on clearing systems

• Limited availability in Europe

• Higher transaction fees

What does the speaker find frustrating about using mobile payments in the US?

• The lack of compatible devices

• The high transaction fees

• The slow internet speed

• The limited acceptance by merchants