Consumers fuelling currency innovations

With Sweden announcing its serious consideration of introducing an online-only currency (called “eKrona”) alongside the already existing Krona in the next two years, it seems a cashless society may be beginning. Drastic falls in the use of actual cash (a drop of 32% in Australia since 2007) has coincided with the rise of Cryptocurrencies worldwide, the most famous of these being Bitcoin – which has spiked in value 340% this year alone.