WEBVTT

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This is not at all easy for us Austrians.

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In this country we are very attached to cash

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- despite the pandemic.

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Even if the pandemic has shown us
that it is possible to go cashless.

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38 percent of us now pay more often without cash.

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Whether by card or smartphone.

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Who still needs notes and coins?

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The purple 500 euro note has been
out of circulation since last year.

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And now the 1 and 2 cent coins
could also be gone soon.

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Doing without cash altogether - in Austria, however, only one person in ten could imagine this.

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We just love our cash, it seems.
78 percent pay their quick espresso with it.

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So is cash the only "real thing" in Austria?

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Actually, there are a few advantages with cash.

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Cash is independent,

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even if the electricity or internet is down.

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Spending is more controllable

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- and it is anonymous.

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But anonymity is also a disadvantage.

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Criminals have an easy game with cash.

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Coins make the wallet thick and heavy.

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And if you lose it, the finder
can spend the contents right away.

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I can't call my bank to block
the cash like a credit card.

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And: cash is anything but hygienic.

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Scandinavia shows
how an almost cashless society works.

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Swedes pay by card almost everywhere
- even at the flea market or church.

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Rumour has it, that by 2023 Sweden wants
to abolish notes and coins completely.

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The 1 and 2 cent coins might soon disappear throughout the euro area.

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But that does not mean the complete end of cash.

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Whether cash, by card or with your mobile phone...

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- everyone can still decide for themselves how to pay.