Ethereum co-founder Vitalik Buterin has weighed in on the recent reversal by Sweden and Norway regarding their aggressive shift to digital-only payments.
As both countries now urge citizens to hold on to physical cash amid rising cyber threats and geopolitical uncertainty, Buterin argues that the current centralized digital systems are simply too fragile.
The Nordic governments, once at the forefront of going fully cashless, are now emphasizing cash’s critical role in national security.
In the event of cyberattacks or network failures, officials say, physical money remains the most reliable fallback for daily transactions.
Buterin sees this as an opportunity for Ethereum to step in—if the network becomes resilient and private enough to handle real-world crises.
He stated, “Ethereum needs to be resilient enough, and private enough, to be able to credibly play this kind of role.” His remarks suggest that decentralized blockchain networks could eventually offer the stability and independence needed in a crisis, but only if they mature beyond their current limitations.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-founder-says-cashless-societies-are-too-fragile-offers-ethereum-as-backup/