please take care of yourself. keep your distance and wash your hands. if you can stay at how we're d.w.b. for here for you. we're working hard listening to keep you informed on all of our platforms. we're all in this together and run together. and we're making sure you stay safe everybody. stacey. stacey, stay safe. please stay safe. what do you always carry with you? your smartphone keys and some cash. or keys, a smartphone and credit card. germans are increasingly split on this one. cash was long came here, but more and more people are switching to credit and debit cards in part due to the

coronavirus crisis. by car, from contactless. oh yes. look i card. but i'm going to, i mean, i'm someone who prefers cash because it gives me a better idea of how much i'm spending. but because it 19 has changed that now i pay with plastic tops on almost a shelf, and you have to ask yourself, why do people want to abolish cash? so some banks have turned their backs on cash completely. they don't have any brick and mortar branches or a.t.m.'s buy the cashless payments are on the rocks. but experts warn we're paying with our data. he's a monster. he's a master card or axiom google facebook, twitter interfaces that surveillance capitalism. cash is competing with electronic payment systems, couldn't get knocked out of the ring. a former head of interpol says it would be risky to abolish cap completely. what happens if the russians

off? this is done? we have no defense for the coronavirus pandemic has produced in cashless payments who's profiting and what price are we paying off track back for should just be a life without bills and coins. what might that be like in scandinavia? it's already a reality. yes, i decide to take the ferry, hire a car, and go and find out. it seems safer to me than flying in light of the coronavirus pandemic in denmark, finland, norway, and here in sweden, in particular, cash has practically become a thing of the past. the 1st thing that i do after arriving is go in search of an a.t.m. in sweden, that's not so easy. there are few and far between and then when i go to the

newsagent's to buy some water and peppermints, i'm told i have to pay by card. so i'm going to meet till a german who's been living in sweden for many years and who works at the university . he can't quite remember the last time he actually held up bank note in his hand. social distancing has become a habit for me, but my attempts don't really work here. at the moment, few people in stockholm are wearing face masks. either. we're going to tills, favorite bakery, which has everything apart from a cash till. what shall we buy? i recommend they're good here. what are they there? cinnamon buns made with cardamom. i can really recommend them. ok.

picasa puts our pastries in a box and i get out my card to pay. he hasn't got a cash to look us is surprised at my surprise. germany yesteryear's presents still many coushatta what i want to live. well, good for us. i guess i do trust that somehow. i'm not everybody house. everyone has a card debit. credit card. bakeries typically cannot if i tried to just really, i mean for me living here. very annoying. going back to ok. i'm now stuck and i have to go on walk around 5 blocks, slowly getting $500.00 programmers and the only software it's anything you can have as much money as he like. and if you know mr. lucas says that having no cash in the store is much safer. if i can get you,

if you want us to lower the concern for the good, no robots, i'm sorry that you know so, so you don't have the cash flow to egypt. use the funds, at least when it comes to paying people keep their distance. we take our pastries and go on our way to would like to buy some strawberries at the market in germany, paying by cash would be the only option not run fast, but still doesn't the swedish way he just has his mobile phone with him. so he's going to use a payments app called switch. it's a much used swedish mobile payment system. it transfers the payment to the traders, phone number or q.r. code. a pop up graphic of a bursting bubble confirms it's arrived. and then you can in doing,

what's the bible for us? it proves it's not just a photo, but i'm actually sending him the money. i'm impressed but it's not the quickest way to buy strawberries. it does take time. i just wanted to go from that side. oh yes, it does. very well. thank you. and the swedish banks and payment services have almost based out cash completely. most banks don't provide cash anymore. it's too much trouble and paying with smart phone apps is booming, especially among young people here. transferring money from one mobile phone to another is as easy as sending a text message or an email. here, money has become merely digital information. this also means that swedish electronic payment systems can track most people's financial transactions. big brother is watching you. till can keep tabs on his kids spending behavior of course

still doesn't give his 2 children their pocket money in cash. it's all digital the system gives him a good idea of what his son miles is buying with his allowance of others can either concerts or i can see every transaction and the stores that he's visited, plus the times of purchase and the sums he spends trying to win and do you see how much money your house? i don't know how, but that does. he can see how much money i have to get the shop. do you kind of sense if you have money left over as it is us, this is not just for shopping. i know that i have some money left when, but when i buy something for more than 20 krone, i kind of get the feeling that i shouldn't be doing that. it's my society. yes, that's quite good. i saw that you stayed under 20 most of the time in june,

but you went shopping pretty regularly. i don't know if you can see that. really every purchase is listed off the list. i'm still in this one that tells daughter lu only pays by card and occasionally uses a mobile app used to say your dad can see what money you're transferring and what you buy a house going now what i think he can see where i shop, but not what i buy with the bank card after i don't cut and that doesn't bother you . we know this at the moment, but in a couple of years, i realize my cache isn't much use here in sweden. i wonder if paul even be able to spend the night that i withdrew, but then i come across a little tie, eating place in the countryside, where the owner is kind enough to let me play with real money. because progress is sweet in the shape of things to come up future in which cash is

a thing of the past and every payment for everything we buy can be traced and tracked. in germany, things are changing dramatically since the emergence of the coronavirus, the number of people paying by card has increased by 26 percent. is germany following sweden's lead. i want to ask a modern day, a harvard lecturer and research analyst at the french economist has conducted a study recently on the subject. do we have to say goodbye to cash? but what, when the just since did it in you have to hear on this fishery since the chronic crisis came, gushing 2nd edition as the if you increase because it's wants you know,

that the safe event stalls that you and poets i frequented, i guess as a means of payment, it has definitely decreased less honest people. but i guess in december, a further of people used to pick on tech, less in germany. and today, i mean, you know, you must know he's 58 breslau, not that you got the many germans are abandoning cash and switching to hard payments because of the coronavirus. other countries have gone even further. south korea to china. we decided to an event destroyed bank notes and just one more example is the us the fed decided to crown thein bank that's coming from is to make sure it was seen as it's reasonable. the risk is very low. but every person of you, how do you pay everything back and to see the same. and

i mess that i'm putting cash into quarantine, burning bank notes, going cash free. it all sounds a little crazy to me. is the virus changing our behavior? just to sense the spread of i've got used to paying by card. i used to always have cash on it. during the pandemic, it's recommends that we pay by college greater risk of catching cold if you use cash. but is that really true? in berlin, i'm going to meet one of germany's top money men, executive board member of the bundesbank responsible for cash management. i want to ask your highness bama whether bills are coins, can spread covert 19,

and whether germany is likely to go cash free and on time soon you still have many people are afraid that cash could carry the coronavirus because come and see it is risky. what do you think is there research on this? i would say that's been sufficiently disproven. if you look at the bank notes like the 5 euro or 10 euro bills here, which are in particularly heavy circulation, and they have a special coating. we know from research that bills and coins don't play any role in the spread of infection. stopped using $500.00 euro bills last year, critics call them impractical. they were also linked to corruption and money laundering. is that the crux of the matter? there's an initiative called better than cash that's calling for cash to be abolished. they say slush funds are a problem, money laundering that declared to the tax authorities or the state i'm stopped by

most of course we have to combat money laundering, tax evasion, and the financing of terrorism. and i think cash has to be monitored as should other payment methods that we have to ensure that. but i don't think that this will vanquish the underground economy and question the shop and your trust as i asked them on a cash has seen its day. he says he doesn't believe that cash is about to be replaced by cards or mobile apps any time soon. it's estimated that the german state loses up to $10000000000.00 euros in tax revenue each year as a result of cash in hand payments for one particular problem. the high cash turnover in the restaurant business community senator complained and 2019 that up to 80 percent of revenue in this sector was not

declared to the tax authorities with her organic produce and great location. ziva doesn't need to resort to low wages, cutthroat prices, and cash in hand payments. but she knows these practices aren't uncommon in our trade. as us walk, it goes like this. i implore you to work on a $400.00 euro a month basis with 0 tax or insurance deductions. in theory, you should work 40 hours a month for 10, your is an hour. but in actual fact, you work 40 hours a week and get paid $400.00 euros a week cash in hand. but you're only registered as having a $400.00 euros. jump with the author of a minute. so the state loses out. yes, when i buy my french fries at a budget supermarkets, and i don't declare that either. how do you mean? well, i buy them,

but i don't submit the receipt as an expense. i throw it away. so the tax office can't estimate what you might have earned. that's right. they don't know what amount of french fries i'm selling. electronic cash tills. mandatory receipts and other types of monitoring are helping to eliminate such practices. zebul, pacer employees, more than the minimum wage. and it's all above board and viewer, and fewer of her customers are paying in cash while just a year ago, only one in 10 payments were by card. now it's almost one in 3. she welcomes the development. but side cash payments were real boon for us. they're on tenney disadvantages. we don't have to gather up the cash and take it to the bank every evening. that's become far too dangerous and you can't give anyone the wrong change . we're glad when people pay by card, to be honest, told us in autumn of science, whenever i pay by card, i leave

a digital footprint for every beer and back of french fries that i buy. but who's interested in this information and why? and what repercussions does that have on our everyday lives? deanna's, university of economics and business is the largest university of its kind in europe. for many years, professors are crushed, become man has been researching how our financial data trails are observed and analyzed. she says, credit card information and data from electronic payments are beating an industry of data brokers. could it cut down time? as we know that credit card companies pass on this data? in the meantime, they can observe everyone in real time via all the digital media that they use to create large scale profile. how it's almost become normal to have surgery, 240000 pieces of data on each person. and with this high resolution history,

they know what you do, the routes you take, what you buy, what you pay for way you go on vacation, how much you pay. they know it all human but side. how much alcohol you drink before i want, how much alcohol you drink? you can calculate those kinds of things to you. and so much information to the highest bidder that we've analyzed. for example, how oracle blue kind has described collecting 30000 users actually beats from 200 data vendors, which would allow them to create the profiles of 700000000. well, that's probably the entire western world, especially best in her bed, think of the entire western world. and if we look to see who's providing that data visa master card, or axiom google, facebook,

twitter interfaces that surveillance capitalism. surveillance capitalism involves hundreds and thousands of companies with data exchange agreements working together behind the scenes. and as a result, data about our payment behavior is increasingly determining our everyday lives without seeing or comprehending what is going on. we can feel the effects, not just when we are shopping, ordinary people, people who are quite similar to each other might find themselves paying different prices for flights, hotels, all kinds of things, most or they might be refused insurance or passed over for a job offer. they might find all those negative things happening to them and put it down to bad luck or fate. when in reality, it's the result of databases making some sort of prediction about them. and people behind the scenes are earning money while we feel that we are at the cutting edge

here in europe. if we pay by smartphone app in china, chinese and u.s. companies are testing smile to pay facial recognition technology. to get into the facial scan, let you enter a store and pay for goods a i can recognize the person and their credit rating, but it can do more also detect emotions and social affiliations. it can also tell whether someone is under stress or might be coming down with something. and then it, i'm let him. but if i pay with a smile and i start to connect smiling to economic transactions, then this habit will also leave its imprint in my real world. i don't think we really want those kinds of associations to develop for them. also, society and social interactions would become slightly commercialized. comments he's

speak among would like cash to be retained and not only for data protection reasons . this told 6 men how it can be rapidly no town to ask mit systems. it's a matter of security. we need a concrete backup. we still need cash for security reasons. one, as pain becomes increasingly easier, contactless and perhaps more hygenic. we're giving away more and more information about ourselves. i'll probably never know exactly what companies know about me. why are banks interested in what i buy? where and how much i'm going to visit and $26.00, and up and coming mobile bank to find out the berlin, headquartered app, only bank is growing rapidly, but it's already faced a fine for breaching data protection laws. as well as criticism from germany's financial regulators. china's tech giant 10 cent owns

a big stake and 26 i mean in gaelic, how are general manager for germany, austria and switzerland. because i want to ask him whether smile to pave the way coming to us anytime soon and see it's getting set at the moment. i can't really see that smile to pay or other chinese products will take hold in germany. but other innovations will be introduced into the german market. it's quite clear that cashless payments are on the rise, and the u. n. 26 prefers to let other banks do things like keep the reserves of cash and provide face to face customer service and maintain brick and mortar branches. into the fin tech start up is a digital bank. the company would like us to use our mobile phones to manage our finances. and with us, you can see it right off. how much did you spend on clothes shopping?

how much did you spend on insurance this month or on eating out? what were your household expenses? do customers feel that their spending behavior is influenced by this? that's a what was i going to get when you pay electronically? you can monitor more closely what you've spent. then when you pay by cash, it's hard to say a month after you've spent $50.00 euros in a shop and you no longer know what you spent that money on. if you like, if you make an electronic payment and you know exactly what you bought last april, that's not asking data protection is important to the e.u. to us a bank shares that concern that we give the customers this data. if it's an automated process, that means that none of our employees see this data, it can only be accessed by our customers, was everybody here being able to manage your finances better does sound

like an advantage. but doesn't really matter to me what i spend, where last april and i'm still worried about what happens to my data and who has, access to it. berlin company called bought solid d., is taking a different approach. it offers a modern payment system that doesn't leave behind data trails. the name might mean paid by cash, but it's not as old school as it sounds. rather, it's a kind of digital analog hybrid. not everyone who wants to pay by cash is tech averse. not to mention this all thing that will still go put, there's a big group of people who want to use cash in a digital context because they don't want to reveal their personal data online. cash has many advantages. it's flexible and anonymous. i don't need to own a car. i don't need to be a customer somewhere with the management of to me

a world without any cash. that would mean that europe and germany would be dependent on 2 big u.s. credit card companies that control all our payment transactions. do i really want that? so how does parts and you work, for example, it works by a certain stores, but it doesn't matter if i want to pay for an online purchase, or if i want to pay an official fill or receive money, for example. or if i want to pay money into my bank account for get money out of my accounts or the, i always receive an encrypted barcode that i used to get money or make a payment. the barcode stipulates how much money is paid in or paid out. it doesn't involve the transfer of any account or credit card data, and a fresh barcode is generated for each transaction. he's up awkward, but you just stand this barcode on the cash. and then the shop assistant will give

you 50 euros, for example. in this case, it's a withdrawal from my checking account, but it could be a reimbursement for a return pair of shoes that i bought online, or a credit for my electricity bill. and i could also use it to make a payment to pay for a parking ticket. for example, you can't tell from the bar code what transaction i've made. the information isn't passed on to 3rd party. and by typing in cash is a way of stopping everyone from knowing all our business even in cash pre-sweetened, there are a few people who want to keep bills and coins beyond . eric's song opposes going completely cash free. the former

interpol president is acquainted with the underground economy cyber attacks and money laundering and he's still battling for the retention of cash. i'm for cash as an option, not as an opening, which is a major difference. they want to have a monopoly. i want to have a possibility, some people can dean with these martin didn't do a lot system. it's about 1000000 people in my county, and they are looked at as profitable. just leave them. i don't like that up a society. what happens if russians, putin, a sombrero switches off this system? we have no defense. how do you defend yourself if you just have this cards that doesn't function cache support? if it option and the which attracts young people is what they see in china. nations where you use these to truly citizen. because if

your have a system with you have a technology cameras, you have a technology, artificial intelligence are going to be young. people don't like that. erickson also believes that it's important for digital natives to have access to cash. and he's annoyed by the fact that it seems the coronavirus is being used as a pretext for the switch to a cashless society. but there is no proof whatsoever that cash is carrying that type of threat. it's easier for me with people saying we dislike cash because we cause it's a good solid argument. i could respect. but these type of arguments for me is not particularly impressive. ericsson tells me that sweden has passed legislation

obliging banks to provide certain cash services from 2021 to struggle between cash or card payments has become fiercer due to code it. electronic payments are easy, quick, and feel safe for banks and payment service providers are immensely lucrative. the data broker industry is in turn, making huge revenues and penetrating our minds in ways we barely suspect. for me, cash represents a form of freedom. a freedom i'd like to pass on to my children for their digital future.

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this is the news line from germany prepares for christmas during a pandemic state. latest agree to extend that the current limited lockdown and sit out of special plans for gatherings during the holiday period. also coming up the late the leftovers of war, an international coalition trying to ban and clear land mines meets today to report on progress. but for many.