That’s in contrast to other countries in Europe. Sweden is on its way to becoming the world’s first cash-free society, according to a recent study. In Denmark, the government considered allowing retailers, restaurants, and gas stations the option to stop accepting cash payments all together. And you can no longer buy bus tickets with cash in London.

It remains unclear whether the German finance ministry will successfully push through the unpopular proposal, or try to find a European-wide solution instead. Currently, there are limits to cash transactions in a number of European countries, including France (€1,000), Spain (€2,500), and Italy (€2,999.99).

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