NO BANK ROBBERIES IN DENMARK

For a number of years, Denmark has been working to become a cashless country. All transactions are now done by credit card or smart-phones. As a result, the country just recorded its first year of zero bank robberies in 2022. In fact, in 2021, Denmark only had one bank robbery. That’s down from 222 just two decades ago. Currently, only about 20 bank branches across Denmark have any cash on hand, according to Finance Denmark. ATM robberies have also come down to zero due to better surveillance and technical protection.
* Sure, white-collar embezzlement is up 4,000 percent, but hey – no bank robberies.
* It sounds like an impressive accomplishment, ’til you remember that the entire country of Denmark is two-thirds the size of West Virginia.
* We have over 470,000 ATMs. Denmark has about 2,000. Why am I even reading this story?
* This has negatively affected a lot of other businesses as well: the alarm business, the cheap ball-point pen industry, Dum-Dum lollipops…
* So if a guy’s standing on a corner playing a violin, what do you throw in his hat? IOU’s? Gift cards?